Jump to content

pengo

Member
  • Posts

    306
  • Joined

  • Last visited

pengo's Achievements

Newbie

Newbie (1/14)

0

Reputation

  1. pengo

    IGO - IGO LIMITED

    Alright got my divy, was able to check my po box today and inside was a letter from igo saying electronic payment made... all $15 of it! LOL Didn't recongise the account# on the letter so had to wait until I got home to check my records and it was my nab ubank account and after logging in and checking the transaction history, there she be! $15~ yay lol Ok now that I know where the IGO divy went, I think I have a fair idea where future divy money will now go if paid electronically. @macduffy I know of some bluechip companies that still do things the old way I think its RIO or WES that will only send out a divvy cheque and not do a bank deposit... I could be wrong but I remember with one of the blue chips I recieved documents for I noticed they didn't include an option for bank deposit of the divvy. Just a DRP so otherwise if not doing the DRP you would get a bank cheque.
  2. pengo

    IGO - IGO LIMITED

    ok cool guys might have to check the po box nothing has shown up in my bank accounts, so I guess I'm getting a cheque. So guys I'm right in understanding that the "pay date" for a stocks divvy is when the company does the mass mailout of cheques/electronic payments of the divvy? Not the actual date you should have recieved it by?
  3. pengo

    AGO

    sorry guys sold out earlier in the week i should have taken 50% return selling last week but things were more rosey then (so preferred to keep holding AGO), then the portfolio took a turn for the worst on Monday so I liquidated my portfolio (margin portfolio). Plus I've been in hospital, so didn't need the worry! I think I booked a 20-30% return on this investment, so I'll be happy with that!
  4. pengo

    IGO - IGO LIMITED

    hey the dividend pay date was 18th of march, does igo send out a cheque or do they send to a bank account? I can't remember if I send them info for my bank account for electronic payment (sorry I've been in a road accident and currently recovering)... Does the pay date just mean thats when the cheques go out? So if they pay by cheque I should see something in the mail by the end of the week hopefully?
  5. pengo

    IGO - IGO LIMITED

    igo dropping but really just tracking at a slight premium to jml, i'm guessing once the takeover is done... we should see igo back heading towards $7-8, short of anything the market rekons devalues igo post takeover.
  6. pengo

    IGO - IGO LIMITED

    jml still trading at a discount usuually about 10c after conversion to igo... might be a good time to top up on some igo via jml backdoor... i would seriously consider it but i broken my leg so my finances are tried up while i'm off work
  7. pengo

    JML

    I'm with CommSec so thats what T+3? So does that mean if offer closes March 28th I need to buy 3 trading days before March 28th?
  8. pengo

    JML

    So if I understand correctly, you have up until COB 28 March 2011 to buy JML for IGO to buy your JML off you. Where they will give you 1 IGO for every 8 JML share you own.
  9. pengo

    JML

    When does time run out to pickup jml shares to take advantage of the scrip offer (so you can get igo at a possible discount)? At the mo' if you bought right now @ 85c you would be getting IGO at a discount ($6.80 vs market price of $7.04).
  10. pengo

    IGO - IGO LIMITED

    At the time of this post, you could get igo @ effectively $6.80 after buying JML at its current price of 0.85c. IGO currently trading slightly over $7.
  11. pengo

    IGO - IGO LIMITED

    So if I buy some jml now which its market price is less than the IGO offer, will IGO buy my shares off me @ .961c and then give me 8 IGO shares for every one of my JML shares I owned? So I get a capital windfall plus the addition of some IGO shares (I already own some IGO shares)? Basically up until the market price matches IGO's share price valuation, is this a "backdoor" way to pickup some IGO at a discount as well as make a small profit in the short term?
  12. Well after reading that linked article about income securities, I've gone cold to interest rate securities heh. Lot of them a dodgy financial vehicles, that only benefit the issuer. Might stick to stocks and divvys.
  13. I found this, even tho its out of date its still helpful somewhat: http://www.intelligentinvestor.com.au/arti...rticleID=753887
  14. Ok I think I'm starting to understand these securities, I'm guessing its best to shy away from any trading at above their face value? Since their "Face-value" at redemption (when you get your principal capital back) is what is determined to pay you to get your principal capital back? Guess I'll have to find out what their face value was when first listed? I looked into multiplex and from what I found distributions are totally at the discretion of the board. I dont want to get into a interest rate security that doesnt pay distributions or can choose not too. The Australand one might be a good one tho.
  15. Thanks guys, I was looking @ AQNHA - AMP GROUP FINANCE SERVICES LIMITED. (Floating rate note) I would find securities based on whats listed here: http://www.asx.com.au/asx/markets/interest...curityPrices.do The bonds I was referring to was whats listed under Corporate Bonds. I dont think there is a min parcel of 500k for the corporat bonds? Its just whats on offer? (like shares).
×
×
  • Create New...