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Tuesday, 12 November 2013

Pacific Radiance - Balloting Results

Pacific Radiance announced that its books was 2.2x covered.

The balloting results for the public tranche is as follows:

You can see from the table above that it is truly difficult to get the shares via the public market as there were only 5m shares available.

Those who applied for 100 lots only have a 33% chance of getting 6 lots each.

With regards to the placement tranche, there is some support as well. The directors supported as well as some interesting institutional investors.

I will not elaborate further, good luck to those who managed to get. I am not sure if it will open with a bang but will be happy if it is trading above $1.

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