thanks belli.Although allocation advices will not be sent until tomorrow, the allocations under the 1 for 7 officer are available now on the share registry.
Same here, so a nice little paper profit today withn MIR trading around $3.22, happy!I just logged in, and notice I received all of the extra applied for, on top of the 1 for 7 allocation .
AFI from under 9 million to 15.2 million.What the...?. That seems way over the 1 for 7 entitlement. How can MIR justify that allocation when it scaled back other - and likely smaller - applicants? Not impressed.
AFI from under 9 million to 15.2 million.
is the top up formula out yet? I suspect the Directors' discretion will include a calculation with recognition of long term holdings.
I agree it appears excessive; as a shareholder since 2005, in the top up, I got all I asked for (but not of that magnitude)
there may have been an ex officio agreement to take up any shortfall. You gave mentioned previous rights issues only attracting minority participation by a minority of shareholdersWell, based on 9m that would calculate as approx 1.2m under the 1 for 7 entitlement which means AFI were allocated some 5m from the top-up. That appears excessive to me.
there may have been an ex officio agreement to take up any shortfall.
I'm not a fan of LICs holding other LICs. It just seems like compounding of management expenses. Especially in the case of AFI/MIR where the research is already shared.
| Name | Value | % Chg |
|---|---|---|
| Commodities | ||
| Uranium | 35.87 | +5.35% |
| Gold Miners | 51.94 | +0.99% |
| Lithium & Battery Tech | 37.97 | +0.58% |
| Strategic Metals | 39.87 | -0.60% |
| Copper Miners | 43.18 | -0.62% |
| Silver | 32.95 | -0.84% |
| Steel | 64.96 | -1.52% |
| Industrials | ||
| Aerospace & Defense | 180.69 | +0.87% |
| Agriculture | 27.05 | -0.07% |
| Construction | 78.2233 | -0.26% |
| Global Jets | 22.67 | -3.28% |
| Healthcare | ||
| Biotechnology | 127.86 | -0.72% |
| Name | Value | % Chg |
|---|---|---|
| Cryptocurrency | ||
| Bitcoin | 21.8 | -0.77% |
| Renewables | ||
| Hydrogen | 22.54 | +2.71% |
| CleanTech | 7.09 | +1.72% |
| Solar | 34.54 | +0.64% |
| Technology | ||
| Sports Betting/Gaming | 21.9004 | +0.46% |
| Cybersecurity | 35.86 | +0.39% |
| Electric Vehicles | 23.09 | +0.13% |
| E-commerce | 30.89 | +0.03% |
| FinTech | 32.34 | -0.22% |
| Robotics & AI | 31.53 | -0.22% |
| Semiconductor | 226.56 | -0.33% |
| Video Games/eSports | 104.33 | -0.62% |
| Cloud Computing | 23.18 | -1.07% |
At least it didn't get pushed down to around the issue price as has happened with some spp's.I thought it might be interesting to look at the movement of the MIR share price from the week the rights issue was announced until the end of the week in which the new shares were allotted.
I've compared MIR against the all-ords, AFI and OPH (another fund manager in the mid and small cap area).
It seems the rights issue has been a brake on the MIR share price. To be expected, I suppose.
View attachment 201550
the Mirrabooka Benchmark: CombinedI thought it might be interesting to look at the movement of the MIR share price from the week the rights issue was announced until the end of the week in which the new shares were allotted.
I've compared MIR against the all-ords, AFI and OPH (another fund manager in the mid and small cap area).
usually the case.It seems the rights issue has been a brake on the MIR share price. To be expected, I suppose.
MIR have just corrected the Friday NTA down to $3.27.the Mirrabooka Benchmark: Combined
.. I guess it's bounced along. No increased selling, Fridays NTA of $3.29 just showing a bit of slippage...
- S&P/ASX Mid 50 and
- Small Ordinaries Accumulation Indices.
In last year's annual ( FY not CY ) by Sept 24, a few portfolio changes were noted. I'm not sure any gains outweigh losses, (all charts are for 3 years)for CY24, some portfolio movements have been noted.
Full EXIT : CPU .. Trimmed : FPH , REH - both now out of the top 20 as per end Sept.
New :
ARX - Aroa Biosurgery .. SDR - Siteminder .. 360 - Life360
Added . IEL - IDP Education .. in top 20..CBO - Cobram Estates
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