Tritax Big Box Reit Share Discussion Threads

[dhoult12] 30/9/2021 09:13

Scruff, I used to many moons ago work at one of the larger brokers. This sort of nonsense used to happen on AIM, where someone got loud down the pub and moved the share on little volume. Never seen it on something this large though.
Shocking and yet amazing it's been done on a FTSE 250.

[scruff1] 30/9/2021 09:06

'without hurting the share price'
Depends how you look at it. 230 a week or so ago. There will be a lot held throughout feeling a tad shafted

[scruff1] 30/9/2021 09:00

n0rbie
You will be able to transfer to an ISA annoying as it is - at least until this govt makes a balls o that as well

[n0rbie] 30/9/2021 08:53

In the past they’ve announced a price and had a month long window to subscribe - via traditional brokers in any wrapper you like.

This form of raise without a price I am generally not keen on as it’s a punt. It’s good for the company as they can raise very quickly without hurting the share price as market is closed throughout.

Not so good for investors who want to buy in a tax efficient wrapper. But hey - at least they allowed us in via PB at least. Otherwise it would have been a completely closed deal.

[wingrove4] 30/9/2021 08:45

I received my full allocation, Primary bid might not be perfect but it does give small investor the opportunity to participate

[scruff1] 30/9/2021 08:38

well that was quick. Just received an email from PB. Subscription successful 204p. Been an expensive day so far. Lets hope the term 'investing' is applicable !!

[dhoult12] 30/9/2021 08:38

Amusing all the crooks about.

Lawyers, accountants, book builders,nomad and co would have been aware of this for week or so... Just around the same time as share price decline. Comical.

[scruff1] 30/9/2021 08:27

Well the good side is I would imagine a buy today is a fairly safe bet after the hullabaloo of the placing and the PB gamblers have sold up and moved on - early next week. And its a decent dividend and will probably increase so imo its about as secure as you can get in this game - last words and all that !!

[skinny] 30/9/2021 08:16

Not into a SIPP in drawdown.

[scruff1] 30/9/2021 08:15

Skinny
You dont have to put them in your wrapper do you? You can transfer them at some point

[igoe104] 30/9/2021 08:13

Totally agree, primary bid just gives outsiders a opportunity for a quick buck.

[skinny] 30/9/2021 08:09

I must admit, I'm not overly impressed by this method of issue - for me - and I assume many others - I hold shares such as BBOX in a tax free wrapper - so cannot readily participate.

[scruff1] 30/9/2021 08:05

Just picked up 3k @ just under 206. I would expect(hope) thats safe. Will find out Monday

[scruff1] 30/9/2021 08:00

finance
Thats a fair point. I thought I had read it wrong when it said it was closing at 7.30. I dont think the RNS came out til about 5.30. That does smell a bit. The other thing I think smells a bit is that we were querying the drop over a week ago so it was out there in quite a few people's domain. I suppose we have always known the market is bent though.
I hope I get my 5K worth cos I can only see this going one way - especially as it was oversubscribed so quickly - although with such a short window it makes me wonder if there were any actually not already spoken for - so Im not holding my breath. I will see where the price goes at 8.0 and probably buy on there too

[tnt99] 30/9/2021 07:59

This is disgusting should have been offered to existing shareholders I for one would have bought moreShafting for us all

[financeguru] 30/9/2021 07:44

this way of doing things just smacks of rewards for the directors and their cronies!

[williamcooper104] 30/9/2021 07:44

Agree - i few days not to much to ask for

[b1nky] 30/9/2021 07:41

Placing at 204

[skinny] 30/9/2021 07:41

A total of 147,058,823 new Ordinary Shares will be issued pursuant to the Issue, raising gross proceeds of GBP300 million. The new Ordinary Shares have been issued at a price of 204 pence per Ordinary Share (the "Placing Price"), representing a discount of 5.3 per cent. to the closing price on 29 September 2021 of 215.40 pence per Ordinary Share. The Placing was significantly oversubscribed with considerable support from existing shareholders.

[1nf3rn0] 30/9/2021 07:40

Didn't get the chance to buy through PB (offer and already closed by the time I noticed the out of hours RNS and had downloaded the app). A little more notice would've been polite. Not a fan of this approach.

[scruff1] 30/9/2021 07:31

finance
I understand your misgivings. Its the first time I have used it. I thought I would give it a go. Will see how it goes and will let you know. Couple of things I dont like about it. When I first came across it my first thought was that its basically an app for those addicted to gambling (in this case on Placings). I dont like that. However if used correctly (I hope) its quick an efficient - especially see the advantages to the company so would imagine its here to stay and in the interests of PB to operate efficiently.
The other thing Im not keen on (especially with this being my first time) is I feel a bit out of control - and Im a bit of a control freak - I rarely use stops. Not knowing the price is a bit unsettling. GSF have used PB and for that the price is known (though Im not involved in that placing bid). Anyway there certainly wasnt much time to deliberate though I nearly bought on the market yesterday. I had actually pressed the button but the market had just closed - then the RNS came out. Hopefully thats a sign - and hopefully not that Im an idiot :-)

[financeguru] 30/9/2021 07:08

I am not sure that I like this PB way of placing, I would prefer to buy straight into my existing accounts where I already have funds available for this! Am I missing something?