Campaigning for better retail treatment in capital raisings

April 24, 2020

Here are links to various activities over the years advocating for better treatment of retail investors in capital raisings.

Crikey stories

Boral goes over the top and dilutes retail shareholders
Friday, November 25, 2016

How board tilts can deliver for shareholders
Thursday, January 21, 2016

Crescent Capital in appalling Cardno capital raising
Friday, December 4, 2015

Transurban takes high ground raising capital, others regress
Wednesday, November 25, 2015

Billionaires running Ten show how not to treat retail shareholders - again
Monday, November 16, 2015

CBA returns just $2 to non-participating retail shareholders
Monday, September 14, 2015

Decision time for CBA and ANZ shareholders
Friday, September 4, 2015

CBA announces $3.6b dividend, asks for $5b back from shareholders
Wednesday, August 12, 2015

CBA owes retail, but will it deliver?
Tuesday, August 11, 2015

How and why companies and banks shaft retail investors
Monday, August 10, 2015

Big Four pay $20b pa in dividends, then ask for most of it back
Friday, August 7, 2015

NAB shows everyone how to do a fair capital raising
Friday, June 5, 2015

Macquarie board tilt related to better treatment of retail shareholders
Thursday, June 4, 2015

Stokes dilutes retail investors, lifts Seven stake by 6%
Wednesday, June 3, 2015

NAB shows Slaters, Stokes and Gerry Harvey how to do a capital raising
Friday, May 8, 2015

Why Slaters should have done a PAITREO capital raising
Tuesday, April 28, 2015

Slaters ducking for cover on capital raising for insiders
Monday, April 27, 2015

Slater and Gordon raising proves system unfair for retail
Friday, April 24, 2015

Abacus Property Group joins retail investor shafting club
Friday, April 10, 2015

Aussie investors love Slaters UK plunge
Thursday, April 2, 2015

Gerry Harvey windfall at expense of his small shareholders
Thursday, March 26, 2015

How much cash will in-the-money Macquarie SPP generate?
Tuesday, March 24, 2015

Gerry Harvey's capital raising rip-off
Wednesday, December 17, 2014

Will Retail Food Group looks after the little guy
Tuesday, December 16, 2014

DUET Group shows how not to treat retail shareholders in capital raisings
Thursday, December 11, 2014

Eddie Obeid, Wesfarmers, dilutionary capital raisings and an Arrium debacle
Thursday, September 18, 2014

How Citi and the cabal of billionaires shafted Network Ten shareholders
Thursday, January 18, 2013

Foreign airlines snaffle an extra 3.88% of Virgin for $51.6m
December 12, 2013

Wesfarmers hit with enormous cash deluge
Tuesday, 24 February 2009

Fairfax columns

Back during the capital raising binge after the GFC, there was also these columns for Fairfax's Businessday website:

How AWB shafted its grower shareholders
November 2, 2009
Discounted placements and retail shortfalls have severely disadvantaged retail shareholders at AWB

Around the grounds on capital raisings
September 15, 2009
An update on all the latest capital raisings, many of which continue to shaft retail investors.

How to cash in
August 7, 2009
The unprecedented run of capital-raising windfalls is continuing for the vigilant investor and if the markets keep recovering the next wave will no doubt be a flood of new floats.

Profiting at Leisure
June 29, 2009
There's still time to make some money off Macquarie Leisure - but you have to move today.

Easy money on the table
June 23, 2009
The odds are stacked against small investors as companies rush to raise billions. Here's how to get a fairer roll of the dice.

How small investors miss out
June 16, 2009
Ripping into MacMahon, Asciano and the whole dodgy system of placements and scale backs

Get rich quick - Part II
June 2, 2009
More advice for retail shareholders in capital raising deluge.

How to make $75,000 in three months
May 19, 2009
A comprehensive look at the system of capital raisings in Australia.

Australian Shareholders' Association press releases

Similarly, here are links to some ASA press releases on the question of capital raisings:

Time for investment banks to stop shafting small shareholders
March 3, 2014

ASA welcomes expansion of IAG share purchase plan
January 30, 2014

ASA disappointed with treatment of Virgin investors
December 12, 2013

Mayne Report editions post GFC

Melbourne transparency reforms, council elections, pokies, capital raisings, long serving directors and Menzies
Sunday, September 4, 2016

Stokes, Slaters, Abacus and Dexus covered here
Thursday, April 30, 2015

Gerry Harvey rips off retail investors
Monday, December 22, 2014

Pressuring QBE over SPP
Friday, September 20, 2014

Ardent Leisure lifts SPP cap after board tilt chatter
Monday, September 15, 2014

UBS most likely adviser when retail treated poorly
Monday, December 23, 2013

ASA calls for capital raising reform
Sunday, August 25, 2013

Curious capital raising by Alumina
February 19, 2013

Opposing slacker capital raising ASX rules
Monday, July 16, 2012

Bank of Queensland deliberately dilutes biggest shareholoers
Wednesday, April 4, 2012

Symex scales back retail investors, rewards under-writers
Thursday, May 19, 2011

Santos silent after shafting retail investors
Tuesday, April 19, 2011

Kairiki Energy joins the rip-off club
Monday, March 7, 2011

Playing hardball over Santos placement with no follow-up SPP
Monday, February 7, 2011

BC Iron joins capital raising shame file
Monday, January 31, 2011

Mayne Report coverage (another 59 stories) on GFC capital raising deluge

Spark Infrastructure's shocking retail scale back
Thursday, November 11, 2010

Westfield and Transfield pressured into offering SPPs
September 4, 2010

Foreign investment banking cartel ripping off small shareholders
August 16, 2010

Eastern Star Gas and John Anderson rip off small shareholders
August 13, 2010

Cardno keeps scale back formula secret
August 10, 2010

Kimberley Metals joins the SPP shame file
July 22, 2010

Saracen Metals fails to deliver an SPP
July 12, 2010

Dyesol joins the SPP shame file
June 29, 2010

AFIC's SPP trickery with dividend
May 25, 2010

The unfair retail scale back at Alumina
May 11, 2010

McCrann and the capital raising main chancers
April 26, 2010

Lend Lease, Engin and Swift in capital raising plays
March 9, 2010

Beware capital raisings promoted by SMS
February 1, 2010

NAB board tilt after failure to expand SPP
January 6, 2010

Ten tilt after failure to follow placement with SPP
December 10, 2009

MEO joins the SPP shame file
December 6, 2009

Pressuring Transfield at AGM over lack of SPP
November 9, 2009

Taking it to Pacific Brands and Asciano over scale backs
November 2, 2009

Ten and NAB capital raising tilts and retail book builds
October 20, 2009

Leaving the door open on capital raisings
October 5, 2009

The inherent corruption of placements
September 26, 2009

Commentators who defend retail shareholders
September 15, 2009

NAB, Virgin, McCrann and Eders rip-off
September 8, 2009

Australand windfall and media goes missing on NAB
August 28, 2009

NAB shafting as Asciano heavily scales back
August 17, 2009

Round 7 of Fairfax capital raising series
August 7, 2009

Heavy Asciano scale back as offer come thick and fast
July 28, 2009

Scale back practices all over the place
July 17, 2009

Macquarie Leisure leaves the door open
June 23, 2009

Time for some consistency with scale backs
June 16, 2009

Rio Tinto shows how to raise capital fairly
June 8, 2009

Revealing all on the capital raisings front
May 23, 2006

Capital raisings starting to deliver
May 12, 2009

Some early capital raising wins
April 30, 2009

Good result from Fairfax capital raising
April 19, 2009

Pressuring Westfield and ranking the SPPs
April 9, 2009

Fairfax scale back but still a good result
April 6, 2009

Capital raising profits start to crank up
March 31, 2009

Market bouncing as capital raisings roll out
March 22, 2009

Unfair scale back by Wesfarmers
March 12, 2009

Wesfarmers shareholders shafted again
March 3, 2009

The great Wesfarmers opportunity
February 23, 2009

CBA's appalling SPP rip-off
February 16, 2009

Combank treats small shareholders with contempt
February 12, 2009

Putting Westfield on notice for treating small shareholders poorly
February 6, 2009

Tabcorp and the corruption of placements
January 30, 2009

A very heavy QBE SPP scale back
January 22, 2009

Piling into overs as Macquarie Office struggles to repay debt
January 8, 2009

Sonic SPP as portfolio slashed
December 10, 2008

Bradken SPP win
September 8, 2008

Bradken delivers SPP win
August 12, 2008

Mineral Deposits gets a letter for failing to deliver SPP
July 9, 2008

Email exchange with iiNet CEO over SPP
May 15, 2008

Pressuring for an iiNet SPP
May 9, 2008

A good week for Share Purchase Plans
April 11, 2008

Shafted by Babcock on the SPPs
April 3, 2008

AFIC offers refund on SPP
March 17, 2008

Hits and misses on the SPP circuit
March 5, 2008

Skilled Engineering pressure to follow placement with SPP
January 30, 2008