BRM - New Warrant Issue for Barramundi

[bulltrap]

I still think 80% uptake is on the card

Does that mean unwanted warrants get dumped on the last day of trading?

I suck at picking individual shares, so I'm looking for opportunities to diversify.

[Untamed]

Does that mean unwanted warrants get dumped on the last day of trading?

I suck at picking individual shares, so I'm looking for opportunities to diversify.

Yep. Any warrants you are allocated that are not exercised, or sold before end of last trading day, simply lapse. Cease to exist.

[bulltrap]

Yep. Any warrants you are allocated that are not exercised, or sold before end of last trading day, simply lapse. Cease to exist.

Nice, I might put in a lowball bid on Wednesday in case there's a hot-potato-fire-sale type situation.

With JardenDirect, I won't save on brokerage though, as that's the same $29.90 for the warrants as it would be for the units (under $15K worth anyway).

Sharesies is actually a good deal for brokerage in this case. You pay just 1.9% of the cost of the warrants, and to exercise their Warrants and options help page says only a currency exchange fee could apply. The downside is you have to pre-fund your wallet for the exercise, and the warrants units presumably stay in Sharesies' custody.

[Minimoke]

emptied the bank account today for my stack of warrants, can not let the hound dilute my position to much, goona be interesting to see the uptake % given SP is not that much above warrant exercise price but well below NAV, I still think 80% uptake is on the card

Likewise. I'm all in.

[Basil]

Wise tech, one of their larger Holdings had a very bad day yesterday but NTA still above 80 cents at ASX close yesterday. 80.15 cps.
Good to see plenty of astute holders on here exercising their warrants.

[sideline]

Because of lately trades it could take a while before the acceptance form shows the correct number.
Does anybody know if it is ok to send money BEFORE filling out the acceptance form?
Online transactions have a $-limit, so may need to break it down into a few daily chunks.

[777]

You can pay all the chunks at once. It is not a daily limit.

[Untamed]

You can pay all the chunks at once. It is not a daily limit.

I think he means his bank has a daily limit on online transactions.

[Basil]

Most banks have daily limits on internet banking, for example BNZ is $50,000.  If you are paying more than this you have two options. Visit your local bank branch with appropriate identification and get them to do it or phone your bank and temporarily increase your daily limit, (which is what I plan to do).

[Sideshow Bob]

ost banks have daily limits on internet banking, for example BNZ is $50,000.  If you are paying more than this you have two options. Visit your local bank branch with appropriate identification and get them to do it or phone your bank and temporarily in

When the lights start to flicker, I'll know your transaction is going through.....!!    

[777]

I am with the ANZ. Arranged, at sometime, for a $100,000 limit. If I want to make a larger payment I simply make two or more payments. It has always worked. For some reason using the App, on my phone, there is a $10,000 limit but I can still make multiple payments if needing to.

[snapiti]

when I do a transaction over 100k a 0800 number comes up, all I need to do is call this and verify with the operator it was me doing the transaction......easy peasy.....perhaps the hound will forget to put the payment through for the warrants and I won't get to much dilution

[Basil]

LOL Hoping the hound will overlook applying to get a huge dividend feed each quarter going forward, ROFL, that was a good one mate. 

[Sideshow Bob]

when I do a transaction over 100k a 0800 number comes up, all I need to do is call this and verify with the operator it was me doing the transaction......easy peasy.....

Good to know.....never got to that level (yet!). 

[bulltrap]

Nice, I might put in a lowball bid on Wednesday in case there's a hot-potato-fire-sale type situation.

Done, on board via BRMWH @1.7c at final close. Quite relaxed auction, no dumping or sniping.

Uptake should be very high. Dilution and the WiseTech tabloid scandal will soon be forgotten.