The SPP shame file since 2007

ABC Learning: issued 12% of the company to the Singapore Government at $7.30 a share in May, raising $401 million. No SPP for small shareholders thanks goodness as the stock has since collapsed. See previous announcement. See recent announcement.

Aquarius Platinum: raised $392 million through a placement of 23.14 million shares at $16.95 in April 2008, although it does have the excuse of also being listed in South Africa and London, which makes an SPP just for Australian investors more difficult. See announcement.

Babcock & Brown: raised $220 million on March 27, 2008, through an emergency placement of 16.12 million new shares at $13.65 – a hefty 8.4% discount to the previous closing price. Failed to follow through with a similar offer to small shareholders.

Becton Property Group: raised $68 million in a placement on September 3 at $4.25 but no SPP. Shares have since crashed. See announcement.

Commonwealth Bank: no $5000 share purchase plan offer for the little guys on the same terms as the $38 private placement done with the big end of town.

Gunns: placed $50.4 million of stock with institutions on June 14 at $3.36, but nothing for small shareholders. Stock now down near $3. See announcement.

Karoon Gas: raised $51 million in a placement at $3.45 to institutions on November 16, 2007, but no share purchase plan. See announcement.

Karoon Gas Australia Ltd: trying to allott and issue 14,000,000 ordinary shares to a hefty discounted price of $3.50. Not giving a similar offer to small shareholders.

Linc Energy: issued 37 million shares to institutions and Marubeni Coal at 76c in October 2007 but failed to offer small shareholders an SPP despite a subsequent share price surge to north of $1. See announcement.

Linet Capital Raising: currently undertaking capital raising offering large shareholders and institutions stock at a discounted $1.60 - compared to current price trading at around $1.80. The remainder of us smaller shareholders are not offered a thing which is patently unfair. See announcement.

Mineral Deposits Ltd: currently undertaking capital raising to complete the Sabodala Gold Project at a discounted rate of 77c but not offering an SPP to small investors. See announcement.

Primary Healthcare: raised $184.5 million issuing 15.5 million new shares to institutions at $11.90 a pop on November 9. No SPP and stock is now much lower after a $1 billion rights issue. See announcement.

QBE Insurance: raised $406 million at $32.48 a pop in a placement on February 28, 2007, but offered nothing to small shareholders. See announcement.

Skilled Engineering: completed a $75 million placement on November 27, 2007, involving 14.4 million shares at $5.20 but the stock is how below $4. See announcement.

Transpacific Industries: Raised $403 million on June 8 at $13 a share but never offered small shareholders the same deal. Thankfully, the stock is now under $10. See announcement.

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