not far behind ... I'll try for a bit extra to round-up ... and see how ot goes..Applied in full for my 1 for 7 entitlement. Didn't apply for additional shares.
Good work MIR ,,, I wonder if they'll allocate extra to any new players via a placement ? Seems like they're actively introducing the story to the broad market.Screen shot of a page of MIR's presentation to advisory groups. $72m invested YTD.
I'll try for a bit extra to round-up
I wonder if they'll allocate extra to any new players via a placement ?
that's right, it has always been SPPs or Rights issues. I've just never seen mention of taking it around advisory groups. But I guess it is a significant capital issue, and ETFs weren't as much of an issue a while backThis was explicitly ruled out in the Entitlement Offer booklet and other published material. I have held MIR since 2003 and I do not recall the LIC ever making a placement. It does not fit with the management philosophy of shareholders are the priority.
View attachment 199569
07/04 : when the market swooned, no much happened for MIRMirrabooka estimated NTA as of end Friday was $2.97.
with today a 4+ percent wipeout across the market, it is still trading higher ... $3.05 to $3.20
I'm wondering what will happen after the rights issue closes on 2 June.07/04 : when the market swooned, no much happened for MIR
06/05 : with the rights issue announced, not much happened for MIR
19/05 : with a NTA of $3.33 as of Friday, not much happened for MIR
6.5c ff dividend due to land early July .... I'll waitI'm wondering what will happen after the rights issue closes on 2 June.
Maybe a fall in price as some who took up their rights but don't really want any more MIR sell off their new shares.
I'm wondering what will happen after the rights issue closes on 2 June.
Maybe a fall in price as some who took up their rights but don't really want any more MIR sell off their new shares.
You're probably right. I don't think I could be bothered taking up my rights just to sell them for a few cents/share profit.Probably not much will occur. As you likely know, not all share holders take up these offers. For example for the last Rights issue in 2008, 33% of holders applied for 39% of the shares available. There maybe a few trades following this present issue but I think most stick for the income.
You're probably right. I don't think I could be bothered taking up my rights just to sell them for a few cents/share profit.
Still, I'll keep an eye on the share price after 2 June because I would like to add a few more.
I've just tipped my 1/7th rights contribution into the company, plus a few more to round up. Nothing greedy, am happy to maintain a solid position.Probably not much will occur. As you likely know, not all share holders take up these offers. For example for the last Rights issue in 2008, 33% of holders applied for 39% of the shares available. There maybe a few trades following this present issue but I think most stick for the income.
should be announced soon$85 million to be raised in the rights issue - money due by 02 June
..and, allowing for valuation increases (a rising tide over last few months) this is how the Top 20 have played out:Some $72 million [already] employed this FY (post #201) - this is what active management in a closed end fund allows
I've been greedy. I might not know until next Tuesday how that played out.I've just tipped my 1/7th rights contribution into the company, plus a few more to round up. Nothing greedy, am happy to maintain a solid position.
Issue and allotment of New Shares under the Entitlement Offer and Top-Up FacilityI've been greedy. I might not know until next Tuesday how that played out.
And trading of the new shares on a deferred settlement basis underway today.
I never quite understood how you can trade the new shares before they are officially allotted.
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