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PDL - Pendal Group

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Opened today, any thoughts?

Not sure if this is a general IPO or for Westpac shareholders only ?.

Im a Westpac shareholder so will be applying for some, maybe won’t make the kind of debut that platinum made but should be a good stock to add to long term portfolios.

If its open to WBC shareholders only may be a bit of a scrum when it lists as the institutions may have to buy if they cant get there full weighting off the float.
 
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Re: BT Investment Management IPO

I would not say there is anything exception about BT but it may build into something distinctive now with its independence.......I would not buy it but there will be a big scrum to get it on float so you should get some if you have the inside running........basically, my understanding is that WBC does not want to sell it and is keeping 60% but they are doing it to make sure they retain their staff.
 
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Re: BT Investment Management IPO

Westpac closed the offer on Wednesday due to strong demand from eligable WBC shareholders.

Applied for some myself so fingers crossed for a platinum type debut.
 
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BTT - BT Investments

Can I trade "Conditional and Deferred Settlement"?

BT Investment Management (BTT) starts trading on a Conditional and Deferred Settlement basis on Monday 10 Dec.

Does anyone know if I can sell through Westpac Broking from Monday, or do I need to wait until my holding is registered with Westpac Broking?

The application was done through my WB HIN. I rang them and they said they could do it if I provided them with the SRN, but I'm pretty sure I'm going to be on the WB CHESS register, and not the Issuer Sponsored register.

Can anyone enlighten me?
 

RichKid

PlanYourTrade > TradeYourPlan
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Re: BTT - BT Investments

Can I trade "Conditional and Deferred Settlement"?

BT Investment Management (BTT) starts trading on a Conditional and Deferred Settlement basis on Monday 10 Dec.

Does anyone know if I can sell through Westpac Broking from Monday, or do I need to wait until my holding is registered with Westpac Broking?

The application was done through my WB HIN. I rang them and they said they could do it if I provided them with the SRN, but I'm pretty sure I'm going to be on the WB CHESS register, and not the Issuer Sponsored register.

Can anyone enlighten me?

I'm not sure myself to be honest Rod, try calling the ASX about CHESS and related issues, they would have the best idea imo.
 
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Re: BT Investment Management IPO

Who shot the Stag :)

Made its debut at $4-78 so a 2 cent discount to IPO, closed at $4-79.

What a fizzer :( not that i had any intention of selling, got mine for the long term, although didn't get my full amount i had applied for, may top up if it weakens further.
 

ROE

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Not a fan of public list managed fund ... there seem to be a lot of them floating lately. Time to cash in the flavor of the year.

this tell me there going to be a whole lot of fees for all parties (fund managers and the underwriters) and not much return for everyone else :D
 
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Now that we have a smiling bear in the house does anyone see value in this stock at current sp?:cool:
Super fund contribs will keep flowing and BTT has a prominent place in the market.

Disc. Not holding.
 
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With markets in decline, BTT have reviewed their forecasts: http://www.asx.com.au/asxpdf/20080227/pdf/317ptslrjhvnq2.pdf

Almost halved in price since floating...hasn't been the best of times to list I guess. As the previous posts have stated, won't be much of a short-term thing but rather long-term, what are the chances its bottomed out?

With WBC still holding majority holdings, is there less risk in comparison to the other managed funds listed?
 
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I can't really compare the stock prices to the other similar players....that's someonelses call.......I do know however that the listed BT is far inferior to other players...for example, its a pretty typical fund manager.......but I have also read that BT does not even own vital parts of their own business...for example, I read that they lease their name of WBC yearly for a fee and what worse: they don't own client lists.....

I am not curious about the stock cause it would appear to be exactly what WBC wanted it to be.....they did not want to part with the business but why not float it at the top of the cycle, retain majority holding, and make the firm still dependent on WBC.........there could be more to the story so you could dig deeper, but I very much favour other financial stocks at current levels...
 
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I recently bought in on this company with the intention of holding for around 3-5 years - I've noticed that the company is allowed to establish a DRP but it isn't currently activated. I'm looking for some advice under which scenario(s) BT Investment would activate their DRP.

I'm guessing it is somewhat related to WBCs holding % in the company, but I'm not sure about other factors that would get a DRP up and running.
 

ROE

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I recently bought in on this company with the intention of holding for around 3-5 years - I've noticed that the company is allowed to establish a DRP but it isn't currently activated. I'm looking for some advice under which scenario(s) BT Investment would activate their DRP.

I'm guessing it is somewhat related to WBCs holding % in the company, but I'm not sure about other factors that would get a DRP up and running.

Companies run DRP for a few reasons
1. Cheap capital from shareholder
2. Allow holder who wish to stay in long term and grow their shareholding in the stock
without incur brokerage

Companies may suspend DRP

1. they think the stock is trading too cheaply and don't want DRP to over diluting existing shareholder.

2. They got too much cash and don't want any more capital and at the same time
protecting shareholder from dilution.
CCP did this last year...they suspend DRP, they got too much cash, they rather
hand out more in dividend
 
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Companies run DRP for a few reasons
1. Cheap capital from shareholder
2. Allow holder who wish to stay in long term and grow their shareholding in the stock
without incur brokerage

Companies may suspend DRP

1. they think the stock is trading too cheaply and don't want DRP to over diluting existing shareholder.

2. They got too much cash and don't want any more capital and at the same time
protecting shareholder from dilution.
CCP did this last year...they suspend DRP, they got too much cash, they rather
hand out more in dividend

Thanks for that ROE. So the fact that WBC holds such a high ownership % doesn't really impact on a decision to start the DRP? (The DRP hasn't run for the life of the stock as far as I know).

I'm guessing when they floated they were probably hoping that the share would rise to $6+ by now instead of tanking like it has. Though they have done a pro rata share issue to help fund the J O Hambro acquisition...
 
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BTTs.gif
 
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Its come off and is approaching a pretty big trend line @ 6.50, should be interesting seeing they should report sometime this week, a stunning run up in the last 2 years.
 
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