Supermarket Income Reit Share Discussion Threads

[bscuit] 15/10/2021 18:47

I had AJB apply for 50k and they have been provisionally credited and funds taken.

[chucko1] 15/10/2021 15:52

FWIW, HL has allocated 100% of my applied for new shares as "Assented lines". Last time that happened, those lines were satisfied in full as though they were a fait accompli. The full cash amount has been deducted.

I have applied in different accounts with amounts ranging from a few thousand to a number significantly higher, but not more than the 200k they cited as being something requiring some other form of nod by the arrangers.

I think everyone will get filled in full as they claimed to have a pipeline significantly in excess of £100mn. They just could not guarantee it - obviously.

Stock now bid at 117p which suggests healthy demand.

[bluntnib] 15/10/2021 10:27

Offer is still open via PrimaryBid.I gave up on Interactive Investor

[brexitplus] 14/10/2021 15:49

Topped up on the shore issue with HL today, as did my wife.

[cwa1] 13/10/2021 16:27

Yes, just the variance between different providers and the time need to process things. Some seem to need an inordinately long period of time to get their ducks lined up-whilst others seem much sharper. PB STILL accepting and I have one broker that has told me any time up until early Monday should be fine-unless closed early. AS JG231 says no confirmatory RNS of early closure, yet

[jg231] 13/10/2021 16:06

I think it's another difference between the platforms and the formal process. If the offer had actually closed, we would have seen an RNS. Seems the platforms are closing up early but the the offer for subscription is open until 11am on the 18th. So if you filled out the form in the prospectus for the shares, you could walk it into the registrar up to 11am on Monday morning.

[nerja] 13/10/2021 13:23

The price action seems to show its closed as well, I have my allocation in my account showing but not traceable yet.

[cwa1] 13/10/2021 13:21

PB still saying 5 days till close(though that can easily change)

[williamcooper104] 13/10/2021 13:20

HL are saying noon tomorrow

[nerja] 13/10/2021 12:55

Think the offer has closed early, ii now have it closed

[jg231] 08/10/2021 12:49

Reading the information out there, the offer is definitely open to new and existing investors.
So it looks like we can come into the offer via: (1) Primary Bid or (2) the offer for sub, filling out the form and sending it in or (3) your existing platform, but depends on the platform. Some look like they are only allowing existing investors (or at least only making it easy for existing investors). Some platforms may allow new investments if you contact them

[jonwig] 08/10/2021 08:41

The prospectus talks about intermediaries so they (such as HL) can make up their own rules, I suppose.

[chucko1] 08/10/2021 08:36

On top of my empiric experiment, HL state that it is for "existing" shareholders in both their corporate actions list and on the screen for stating an investor's intended action re. the corporate action.

HL could simply be wrong and if so, they would be on both counts via a misunderstanding of the Offer's terms.

Note that the Proactive share web site misdescribe the equity raise as being a £100mn Placement and a £10mn (up to) retail offer. Other information I have seen has hardly been more accurate.

[jonwig] 08/10/2021 07:25

But there's an application form at the end of the prospectus.

[chucko1] 07/10/2021 22:47

I think II are correct - this Open Offer is to existing shareholders. I tested this today by buying a few shares into an account that did not have them previously. This account was unable to apply for more via the Open Offer. All the others that already had shares were able to apply. Empiric, if not absolute proof.

[ec2] 07/10/2021 19:46

Received my corporate action notification from ii this afternoon in respect of the Offer for Subscription (possibly what you are referring to CWA1). I would hope applicants going in via this route will be treated more favourably if there is scaling back than applicants via the placing, although the RNS did not commit to this and it depends on whether the broker subscribes based on their total omnibus account position or on a look through basis. Offer For Subscription also best route in for holders in an ISA.

[bluntnib] 07/10/2021 19:41

Can't get a coherent answer from II on this. They seem to to be suggesting I need to be an existing shareholder to participate. However they have recently offered three fundraises were there was no such requirement Aberdeen Standard European Logistics Inc, SDCL Energy Efficiency Income Trust plc and Home REIT plc.

[chucko1] 07/10/2021 18:05

For some reason, very strongly bid today at 115.8p. Clearly(?) interest from someone who is not eligible to buy in the Offer or Placing. But that is 117.3p in yesterday's money and it was only 116p bid yesterday.

[williamcooper104] 07/10/2021 17:26

Good ex div share price I'm getting the placing at a 1.8 percent discount to current share price inclusive of spreads and stamp

[cwa1] 07/10/2021 17:09

Got an email from II to say they ARE doing the offer now

[deeker] 07/10/2021 17:03

No problems with Iweb. Just need to tell them how many I want by Monday

[jong] 07/10/2021 11:03

Yep, same with Halifax Sharedealing.

[chucko1] 07/10/2021 10:37

Previously, if I recall, applications tend to have been filled in full. Given that this offer is a minimum of £100mn and they can go to a multiple of this according to the terms (though in practise, I suspect they would not get orders very close to the 450mn indicated as the further amount looking to be placed over the next 12 months), I think most applications under the stated 200,000 shares are likely to be met in full.

II saying "they will see what they can do" is a rather amateur response given that the people who will decide this are Stifel et al.

[cwa1] 07/10/2021 08:36

XD this morning, with pay day being 16/11

FWIW, regarding my request to II to participate in the offer, they have asked me how many I wanted to apply for in the offer and they'd see what they could do. However I bought in the market at just under 116.5 before it went XD, so effectively getting in at about the offer price after transactional costs, giving me certainly of allocation, so am unlikely to take them up on their offer now anyway

[cwa1] 05/10/2021 17:24

Thanks, I had a look there earlier but didn't see it. Just wanted to see if it was perhaps "coming soon", or a "request only" affair.

Cheers