Here is a reverse chronological list (based on retail closing date) of capital raisings above $20m announced in 2020 after the Covid-19 crisis hit, including ratings out of 10 for completed offers. There were 88 deals up until the Spirit Telecom offer was announced.
Here is a list of best practice announcements by companies at the end of capital raisings in terms of disclosing information about retail shareholder participation rates.
This list tracks companies which announced a cap on the overall size of an SPP and then lifted it to ensure there was no scale back. Also, check out this list of companies which stuck rigidly to their SPP cap, plus this list of those which partially lifted the cap but still imposed a scale back.
This list tracks what has happened when companies have raised capital by way of a PAITREO. The most important point is whether non-participating institutional or retail shareholders receive the bigger compensation payment from separate bookbuilds and at the moment retail have 11 wins, instos 17 and there have been 5 draws. Here is the detail.
This list tracks companies which refused to lift capped SPPs. Also, check out this list of companies which partially lifted caps but still imposed a scale back, along with this list of those which accepted all applications and imposed no cap.
This list tracks the biggest SPP scale backs above $5 million ranked by dollars size with a further list of undisclosed dollar scale backs below that.
This list tracks the biggest institutional placements by ASX listed companies.
This list provides links to S&P index changes announcements applying to ASX listed companies over the past decade.
This list ranks some of the Share Purchase Plans in terms of percentage of holders who participated in 2020. Sadly, it is rarely a majority, no matter how much the offer is in-the-money on the closing date.
Here is a partial list of capital raisings which Macquarie Group has been involved with that diluted or mistreated retail shareholders.
Here are extracts from recent columns in The Eureka Report which spell out the specific size of retail dilution in capital raisings.
This list tracks companies which scaled back retail shareholders in entitlement and SPP offers based solely on size of holding, therefore giving small investors a minimal allocation.
This last tracks the bad boy issuers who did non-renounceable entitlement offers where retail investors were banned from applying for additional shares, leaving the shortfall exclusively for under-writers.
This list tracks companies which launched an SPP without identifying how much it wished to raise and which then accepted all applications.
This list tracks companies which launched a stand alone SPP or where the SPP ended up matching or raising more funds than the earlier placement.
Here is a list of some of the companies which have scaled back SPPs based on the size of a shareholder's application.
This list tracks companies which scaled back retail applications in SPPs and non-renounceable entitlement offers with an ability to apply for extra shares using a formula which included a minimum allocation to all applicants and pro rata after that. It starts with SPPs and then lists entitlement offer examples.
Companies providing an update on applications before a retail capital raising offer has closed has been a new phenomenon in 2020. Here is list of those who've done it after a request from this website.
This list tracks SPP where the issuer mentioned a cap in the offer document but then expanded it after strong demand but still imposed a scale back.
This list tracks the biggest share purchase plans for retail investors conducted by ASX listed companies above $100 million.
This list tracks the small number of companies which limited the amount of additional shares or "overs" that retail shareholders could apply for in a non-renounceable issue, before seeing how big the shortfall actually was.
This list looks at Share Purchase Plans (SPPs) which offered a VWAP pricing alternative that delivered a final price lower than what institutions paid in the earlier placement.
One of the sneakiest way for insiders or major shareholders to increase their control over a company is by under-writing a non-renouncable capital raising where retail investors are not allowed to apply for any of the shortfall shares. Here are a few examples of that dubious practice from over the years.
This list looks at 10 companies which are tipped to potentially raise fresh equity in the period ahead.
Here are links to various activities over the years advocating for better treatment of retail investors in capital raisings.
This list tracks the contrasting experience of investors when a renounceble entitlement offer has two separate bookbuilds to deal with the shortfall.
The following list tracks companies which did stand alone institutional placements above $30 million over the past few years that weren't accompanied by a share purchase plan for retail investors.
The following list tracks companies which did institutional placements over the past few years that diluted retail investors who are now owed a share purchase plan to make good the injustice.
A chronology of the listed company announcements which either cancelled or post-poned dividends were declared in February.
This list tracks the outcomes of off-market buybacks in the Australian market.
The following lists tracks retail take up rates in pro-rata capital raising offers.
The following list tracks companies which announce capital raisings but then leave the door open for new shareholders to buy in by having a later record date. The issue was explored in the October 5 email edition.
This list tracks capital raisings which have allowed major shareholders or directors to increase their percentage stake.
This list tracks all our share transactions in 2010.
Below is a list of the listed companies on the ASX in 2010 that had a market capitalisation above $10 million and weren't in the world's biggest small share portfolio.
Here is an incomplete list of takeover bids we've accepted or been forced to accept since we started building the world's biggest small share portfolio in 2005. Go here for the full portfolio and trading histories sliced and diced in a variety of interesting ways. We'll add the recent takeover details some time soonish. Maybe.
Here is a list of public companies that I've had the unfortunate experience of being on the share register when they've collapsed or gone into administration.
Here is an incomplete list of companies that offered share purchase plans since 2007, including detail on whether or not we participated.
Here is a list of publically known and suspected margin calls suffered by directors of public companies and public companies themselves during the great credit crunch of 2007-08. We're also including the growing number of executives doing voluntary sell-downs so pay down margin loans.
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