DOW 0.88% $5.76 downer edi limited

The timetable is Issue of New Shares under the Institutional...

  1. 1,027 Posts.
    The timetable is
    Issue of New Shares under the Institutional Entitlement Offer Monday, 3 April 2017
    Entitlement trading under Retail Entitlement Offer on ASX ends Tuesday, 4 April 2017
    Retail Entitlement Offer Closes 5:00pm on Tuesday, 11 April 2017
    Retail Shortfall Bookbuild Tuesday, 18 April 2017
    Settlement of Retail Entitlement Offer (including Retail Shortfall Bookbuild) Friday, 21 April 2017
    Issue of New Shares under the Retail Entitlement Offer Monday, 24 April 2017 Trading of New Shares issued under the Retail Entitlement Offer expected to commence on ASX on a normal settlement basis Wednesday, 26 April 2017
    Holding Statements sent to Retail Shareholders Thursday, 27 April 2017
    Retail Premium (if any) despatched Friday, 5 May 2017

    so you are correct in your dates.The institutional shortfall should also be listed on April 3.
    I have traded DOWR but am not a holder at present.For what it is worth Consensus price
    estimate for DOW is $5.37 and 96c for SPO.DOW has had a stagnant EPS for a few years
    and the share price moved up before the new issue based on hopes of participation in a
    infrastructure "boom".The new issue was obviously not well supported by the top 20 holders
    who hold over 88% of DOW.
    "as an example, if DOW can get to $6.50 and a rights holder receives 55 cents per right, this represents a fairly reasonable payback on something that only cost around 1 cent. Certainly worth the (good) chance of a 100% loss if no RSB premium is received"
    Yes it will be a good ROI if it comes in..Looks a remote possibility with the Dow down 65 points but who knows.One thing is certain-you won't be able to buy DOWR after Tuesday.
    If you like short term 1c punts (with a good chance of 100% loss) have a look at my post on the PGS thread.
 
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Last
$5.76
Change
0.050(0.88%)
Mkt cap ! $3.626B
Open High Low Value Volume
$5.75 $5.81 $5.69 $4.241M 737.5K

Buyers (Bids)

No. Vol. Price($)
2 11134 $5.73
 

Sellers (Offers)

Price($) Vol. No.
$5.76 9983 4
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