Have been on the phone to Computershare today to clarify what is...

Have been on the phone to Computershare today to clarify what is going on with our KEYR. I was told today that whilst KEYR commenced trading on the 15th, the entitlement class will not be placed in any holding until 21/7 when the offer actually opens. This is quite different to what they told me the other day when they said that KEYR will reach my holding account after the record date being the 15th.

Apparently if you have a good broker who has pre-determined your entitlement as at 15/7, and they are happy for you to act in good faith, you might find yourself being able to trade them. It probably explains why we have only “one” seller on the boards.

IMO, I don’t expect any real action with the sp until the bulk of the entitlement class is in everyone’s holdings which is when the fun should start.

Cheers
R