I bought in on the IWG raise. I canāt use Primary Bid anymore though, unless the Ā£20 settlement fee is removed. Hoping Freetrade or Trading212 will link up with them, Adam from FT says itās in the works. Iāve put a suggestion on both forums.
Have you joined any other raises through Primary Bid? There was another offer yesterday, donāt think it was interesting though.
The Ā£20 doesnāt seem too bad for people making investments in the hundreds or thousands? A % fee would be far more palatable but I donāt really know what the fee is all about anyway - maybe they have a set of costs to cover associated with it?
As for me, I donāt have the kind of money to speculatively push to PrimaryBid, especially as I donāt really understand it. My FT holdings are likely far far lower than most peoples but maybe āthe smallest acornā and all that!
I will keep checking PrimaryBid offers every time they pop up. Maybe one will appear in a sector Iām interested in and understand a little about. Todayās āoverpriced sandwich shops in airportsā company isnāt going to be the one I leap at, especially not in current times!
Bizarre - Our Brands - SSP Group plc
Ditto. I wont be joining anymore PrimaryBid deals until Freetrade can link up with them.
Some of the deals have fixed discount percentages, some are fixed on the price of a date, some are the price at close of the day of the deal it varies. Essentially you need to look at the company and decide if you believe the price will go up or not including covering the Ā£20 charge. So far only 2 of the deals available past/present were worth jumping on - Compass and IWG. Its a good concept but you have to be very careful what ones you join.
All the deals have a Ā£100 minimum. Like you say a one off Ā£20 is reasonable for a large enough transaction.
To give an example, on the IWG deal, if you invested Ā£100 you would have paid an initial Ā£120 (including the fee)
That would net 41 shares at GBX239.40 with the difference to the 100 refunded. It then takes a week - 2 weeks for the shares to finalise and arrive in your brokerage account.
Share price now is GBX301.20 so selling them would net Ā£123.41 - a profit of Ā£3.41 + the small refund.
Absolutely not worth it at the smaller end of the scale, but if you get to the position where you have a couple of thousand or so to spend, then it can be worthwhile, especially as the Ā£20 is static.
Another PrimaryBid offer todayā¦
An oil and gas company (no thanks) who claim on their website āDelivering Sustainable Value Growth in Latin Americaā. Sustainable seems like the wrong choice of word to use there.
I think we must be in dire times! Three raises in the last two days, previously the rate seems to have been about one raise per month on the platform!
I think these raises have always occurred.
PB is a relatively new platform.
I had been looking at these and missed the buy at 1.9 and kicked myself.
Taken a small amount here into my HL to see how it works.
Anyone else taken the offer ?
There has been a definite spike since the virus. Thereās been 7 raises in the last month, and previously about one a month since they started in 2016, so not that recently. It makes sense that there would be an increase in raises when in economic troubles. The top results on google for company raises is an article from when the virus hit about company raises:
IWG even talked about it in their raise, saying that they will capitalise on the impact of the virus.
Havenāt followed solgold for a couple of years but havenāt heard any major news from them (because I havenāt searched) doesnāt se a very attractive discount to me?
Ocado on PB right now minimum Ā£1000 investment Fill your boots
Ocado: PrimaryBid | Error page - though if the āplacing priceā will be determined at the close of the process I guess you donāt know if youād be getting a discount or not?
You have to rely on the price rising the next day for it to be a discount - although what stops you just buying Ocado at the end of the day directlyā¦
I assume there will be a discount or there would be no incentive for the institutional investors not to just buy on the market? The previous primary bid raise that didnāt have a set price came out at a discount. Not sure of the exact value.
I would like to get involved as I see Ocado doing well long term, they have a great model and I donāt even know who their rivals are in terms of providing fulfilment centres as a service.
I own some shares already and they have gone 100%+ return in the last year or so, but Ā£1k is a large investment for me.
Have they filled it already? Canāt seem to find ocado on there.
It must have been maxed out. These offers donāt last long.
Oh damn, yes itās gone. Weird, maybe the subscription filled. You would expect that theyād still have it up there and just mark it as close.
Not always the pot of gold you believe. Please DYOR and more importantly maths.
Placing price 1960
It was technically a discount, yes. Then there was a dilutionary effect, yes (depending on placing price of course - maths). Then there was market forces - ah, you canāt control that. Then there was PB fee. Then there was settlement time lag.
Ultimate effect? Wellā¦ you decide. Honestly, it has benefits. But the raw ādiscountā is never ultimately true because of, yaāknow, maths!
Lol thanks for that the price is hovering around the Ā£19.60 mark exactly what I paid
What I did discover is that Freetrade could be potentially losing customers by not being on the Primary Bid platform. I am a layman but you wouldnāt think it would be to difficult to do for a competent software engineer. I always feel as everything takes to long with Freetrade to implement. I know they want to get it right but there is a balance to be had and I feel they err to much on the side of caution. You got to speculate to accumulate.