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Yew Grove REIT

  • 17-06-2019 9:37pm
    #1
    Dual wheels
    Registered Users, Registered Users 2 Posts: 738 ✭✭✭


    Last Friday yew grove reit announced that they were issuing new shares in batches over a 3 year period but this confuses me because they are a listed entity so I thought I could just buy shares at any time from a broker, what am I missing here?


Comments

  • #2
    bcklschaps
    Registered Users, Registered Users 2 Posts: 1,107 ✭✭✭bcklschaps


    Dual wheels wrote: »
    Last Friday yew grove reit announced that they were issuing new shares in batches over a 3 year period but this confuses me because they are a listed entity so I thought I could just buy shares at any time from a broker, what am I missing here?

    Yep, they are a listed company soo you can buy shares at any time ...as long as a seller is prepared to sell at the price you offer.

    They are issuing 100 million new shares in the company which dilutes the value of existing shares. (75 million).


  • #3
    Dual wheels
    Registered Users, Registered Users 2 Posts: 738 ✭✭✭Dual wheels


    bcklschaps wrote: »
    Yep, they are a listed company soo you can buy shares at any time ...as long as a seller is prepared to sell at the price you offer.

    They are issuing 100 million new shares in the company which dilutes the value of existing shares. (75 million).

    Ah, thanks for the info, so say for example all the current shares were sold and nobody wanted to sell any shares in the company (which I’m sure would be unusual) the broker would have to put my order on hold until someone was looking to sell?
    And in relation to the new share issue, presumably now would be a bad time to purchase shares in the company as the price will drop until all shares have been issued?


  • #4
    bcklschaps
    Registered Users, Registered Users 2 Posts: 1,107 ✭✭✭bcklschaps


    Dual wheels wrote: »
    Ah, thanks for the info, so say for example all the current shares were sold and nobody wanted to sell any shares in the company (which I’m sure would be unusual) the broker would have to put my order on hold until someone was looking to sell?
    And in relation to the new share issue, presumably now would be a bad time to purchase shares in the company as the price will drop until all shares have been issued?

    Correct and correct


  • #5
    Wheety
    Registered Users, Registered Users 2 Posts: 5,516 ✭✭✭Wheety


    So is there anything for current investors? Will they receive free shares as in the current shares will be split? Or will they lose out?


  • #6
    bcklschaps
    Registered Users, Registered Users 2 Posts: 1,107 ✭✭✭bcklschaps


    Wheety wrote: »
    So is there anything for current investors? Will they receive free shares as in the current shares will be split? Or will they lose out?

    No mention. But the market seems to like the company's plans, SP up 2-3% since it was announced.

    Not a holder, but would be if it fell back to around 80c.


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  • #7
    Dual wheels
    Registered Users, Registered Users 2 Posts: 738 ✭✭✭Dual wheels


    bcklschaps wrote: »
    No mention. But the market seems to like the company's plans, SP up 2-3% since it was announced.

    Not a holder, but would be if it fell back to around 80c.

    Plus there is a nice % of management ownership which I believe is good for long term success


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