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Platinum IPO

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Old 22-04-2007, 08:32 PM   #41
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Originally Posted by DaveA View Post
my guess, retail investors will get less than 10% of all shares... fund holders will get the most...
How do they know who the fund holder applications were?
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Old 22-04-2007, 08:38 PM   #42
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I have applied in personal name account and smsf account. After the allocations, if I want to transfer the shares in personal names to smsf account - scrip transfer, does anyone know what would be the tax implications? I borrowed money to apply for the personal names, but have enough money in smsf - but ComSec rules only allow max $20K for each account. Appreciate any view / comment on this. Thanks.
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Old 22-04-2007, 09:34 PM   #43
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How do they know who the fund holder applications were?
Having missed the commsec cut-off, will fund holders receive separate notification?
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Old 23-04-2007, 07:14 AM   #44
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Having missed the commsec cut-off, will fund holders receive separate notification?
Thats why I asked the question. I am a unit holder but have had no notification/invitation. So I suspect that there is no advantage to being a unit holder.

Cheers
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Old 23-04-2007, 09:27 AM   #45
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Andy,

Are you a unit holder (directly) or unit holder via a margin loan?

If you are a unit holder via a margin loan, Platinum doesn't recognise you, they recognise the bank's trustee that is holding your units.
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Old 23-04-2007, 11:55 AM   #46
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Bell potter still has thier offer open for the IPO

i wonder if its worth signing up to become a member so you can apply under them, or if the fees involved would be too much...
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Old 23-04-2007, 06:35 PM   #47
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Leveraged
I contacted Leveraged Equities & Platinum Asset Management today to discuss the 'Fund holders allocation'. It appears Platinum has offered only a single application to margin lenders and thereby not recognising the underlying holders.
Leveraged Equites are discussing with themselves how, if at all, they will offer the allocation to their margin clients that have Platinum funds in their account.

Seems to be a little too hard or complicated for Leveraged Equities to deal with the single allocation as they will have to collate all clients applications and send it off to Platinum. I guess if you have Platinum funds inside your margin account then you will have to wait and see what they do.


Might be worth a phone call to put the pressure on!

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Old 23-04-2007, 07:39 PM   #48
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Andy,

Are you a unit holder (directly) or unit holder via a margin loan?

If you are a unit holder via a margin loan, Platinum doesn't recognise you, they recognise the bank's trustee that is holding your units.
Its direct in my SMSF. I have already applied in the SMSF ones but I will take another allocation if I can get one.

cheers
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Old 24-04-2007, 04:43 AM   #49
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handy - I believe that the offer to existing unit holders hasn't been released yet.

If you look at the scrolling news text on your "account balance" page in the Platinum funds website, it says:

Quote:
Direct Investors in the Platinum Trust Funds (at 10 April 2007) will be sent (around the 24 April 2007) a prospectus for the IPO of Platinum
... so I'm guessing it will be in the mail !!
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Old 26-04-2007, 06:02 PM   #50
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NAB Fund allocation
Well I checked in the mail today to find a letter from my Margin Loan manager (NAB) offering me an option to participate in the Platinum share offer.

So it would apear that at least some of the Margin lenders may be passing on the IPO to eligible clients.
NAB advise as part of their that they have alocated Platinum an security ratio of 65%

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