Wednesday, 27 January 2016

Secura Group Limited - Balloting Results

Secura announced that its entire IPO was 2.2x subscribed but the Company decided to allocate shares to all its public IPO applicants. Investors who applied for 50,000 shares will get 3,000 shares and 6,000 warrants. They definitely make it difficult for these shareholders to sell as such numbers is "neither here nor there".


Anyway good luck to those who applied. ^_^ 

6 comments:

Anonymous said...

I was sceptical about this counter too..Thank god I read your posting and decided to pass.Don't think it will be a good bet given the poor listing timing and the placement price offered to the rest..Anyway,good luck to all who has been allocated...

Mr. IPO said...

Well... We will know later. It may jolly well be a wrong call by me...

alvin said...

Quite strange, those people applying for 1 lot. How do these people expect to make money after fees?

Anonymous said...

Thank you Mr IPO. I almost convinced by those corner stone investors because I never read so deep like you for all the concerns.
I decided to avoid this IPO and I think the market already telling us we are right!

Mr. IPO said...

Probably they are asked to make up the shareholders numbers....

Mr. IPO said...

Pleasure!

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