KEY 0.00% 0.1¢ key petroleum limited

key entitlement offer & uk acquisition?, page-19

  1. 355 Posts.
    Is it possible that the phone around is to get some idea about whether they can offer shares to those who want more?? Makes sense to me that with a week to go before the deadline they'd like to have some idea about whether they're going to be in a position to provide them rather than waiting til the last minute.

    At the moment you cannot buy shares for 11c. We can only speculate as to whether the SP will drop, and given there is currently not that many for sale between here and 19c and a healthy buy side - I think there's good value in taking advantage.

    As discussed earlier, there was bound to be short term profit games being played between KEY and KEYR... it was inevitable. I think it's very important to note that it didn't drop below 11c either... consider this - the SP was 14c on July 9... you start with 200000 shares, sell 100000 shares for 14K and spend 11K buying them back leaving you in the same position you started, but with 3k in your pocket - am I missing something there? And if you use that 3K to buy more at 11c (shortfall) you end up with 27000 more shares for the cost of brokerage.

    IMO if 'the market was speaking' the SP would of fallen well below 11c. I think a lot of the banter here is premature... still a couple of weeks to go for this to play out.

    Luck to all
 
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