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The [New Issues/IPO/Insider Buy] thread - ENB $44.7, PPL $42.85

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  • Mar 21st, 2024 11:37 am
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Jr. Member
Jan 13, 2008
110 posts
57 upvotes
rnakra wrote: Anyone amazed how kinder morgan still hasn't closed?
I put in for 100. I am not surprised it hasn't closed. If they are able to get this thing built it should eventually become a nice little income producer. I am not convinced it will ever be built and so to me this offering is a bit speculative.
Sr. Member
Feb 17, 2009
616 posts
31 upvotes
Brockville
How did you put in for 100 I thought min was 300?

cdgnfr wrote: I put in for 100. I am not surprised it hasn't closed. If they are able to get this thing built it should eventually become a nice little income producer. I am not convinced it will ever be built and so to me this offering is a bit speculative.
Jr. Member
Jan 13, 2008
110 posts
57 upvotes
rnakra wrote: How did you put in for 100 I thought min was 300?

Subject: Current Offerings Request
Company: Kinder Morgan Canada Limited
Category: Restricted Voting Share
Price/Unit: 22.00
Settlement Date: 2017-05-29
From Account: XXXXXXXXX
Quantity: 100 units
Transaction Cost: 2,200.00 CAD


This was the confirmation of my request at Virtual Brokers. They have a 100 unit minimum on anything over $1 per share.
Deal Addict
Jul 28, 2009
1370 posts
381 upvotes
Kinder Morgan Canada is too risky with the minority govt in BC for me.
Deal Expert
User avatar
Sep 19, 2004
26763 posts
9333 upvotes
where I belong
SNAP +8%, wow, quite a comeback
https://ca.investing.com/equities/snap- ... rical-data
Date Price Open High Low Vol. Change %
May 15, 2017 20.64 19.55 20.74 19.50 37.13M 7.84%
May 12, 2017 19.14 18.44 19.48 18.16 68.97M 6.04%
May 11, 2017 18.05 17.96 18.90 17.59 131.86M -21.45%
Which Credit Cards to sign up? >> Jerry's Mega Thread of Credit Cards Q&A
Newbie
Oct 25, 2009
84 posts
14 upvotes
Montreal
toys anyone ? :)

Spin Master Corp.

Short Description: Secondary Offering of Common Shares via Bought Deal
Price: $40.75 CDN per share.
Settlement: On or about May 24, 2017.
Deal Addict
Jan 14, 2013
2216 posts
2059 upvotes
Toronto
Yikes. That's a terrible discount. Today's daily low went under the offering price.
Deal Addict
Jul 28, 2009
1370 posts
381 upvotes
Pass on Spin Master. Would buy it if the discount was better.
Sr. Member
Feb 17, 2009
616 posts
31 upvotes
Brockville
Kinder morgan is still open - I wonder if this is another one that gets cancelled
Deal Expert
User avatar
Feb 11, 2009
20056 posts
9837 upvotes
Toronto
It's possible but Spin master for example was open for a full month, and didn't close till ipo day...IPOd at $18, shot up to $21 on opening day, and now look at it hah
Realtor (Investment Properties) - CPA, CA
Deal Addict
User avatar
Mar 12, 2005
2107 posts
411 upvotes
Just received an email for another offering of Hydro One shares at $22.60. Might request some to avg down from my initial $23.25 purchase last round
Deal Expert
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Sep 19, 2004
26763 posts
9333 upvotes
where I belong
sumrandomguy wrote: Just received an email for another offering of Hydro One shares at $22.60. Might request some to avg down from my initial $23.25 purchase last round
What brokerage is this?

Nothing from TD on my end

But wow... $22.6, they really couldn't find any buyer eh. What a joke
Which Credit Cards to sign up? >> Jerry's Mega Thread of Credit Cards Q&A
Deal Addict
User avatar
Mar 12, 2005
2107 posts
411 upvotes
I received the email from Scotia iTrade. With so many shares outstanding, I'm sure the other brokerages will be sending emails shortly
Deal Fanatic
User avatar
Dec 21, 2005
5865 posts
1672 upvotes
London, ON
jerryhung wrote: What brokerage is this?

Nothing from TD on my end

But wow... $22.6, they really couldn't find any buyer eh. What a joke
Still open at iTrade
💡😃😂😄
Newbie
User avatar
Feb 3, 2012
90 posts
8 upvotes
MacLaren's
Anyone jumping on Medreleaf IPO? Approx. price/share: $9.50 - $10.50.
Deal Guru
Aug 17, 2008
10990 posts
13540 upvotes
Hydro One article from Globe.

Investment banks that underwrote Hydro One Ltd.'s $2.8-billion equity sale are taking a second stab at selling a large chunk of the shares after investors balked at the initial deal.

Last week, Ontario Premier Kathleen Wynne's Liberal government announced the bought-deal offering, selling 120 million shares at $23.25 apiece and reducing its stake in the Crown utility to 49.9 per cent.

Because of the deal terms, the province banked the cash as soon as it launched. However, weak investor demand for the issue left underwriters holding nearly half of the shares on offer.

On Thursday, investment banks led by Royal Bank of Canada and Canadian Imperial Bank of Commerce priced the remaining shares, amounting to 42 per cent of the total deal, at $22.60 each, according to people familiar with the situation.

Assuming the sale goes well, it would come as a big relief for non-bank dealers in the syndicate, many of which lack the scale to carry such a large liability of unsold shares. However, it spells smaller fees for all investment banks involved.

Tepid demand for the original sale, which closed on Wednesday, reflected investor fatigue with Hydro One after the utility's initial public offering in late 2015 and a subsequent share issue the following spring.

It also contrasted with recent billion-dollar deals that sold quickly in the oil patch. TransCanada Corp. and Cenovus Energy Inc. are among companies that have issued shares to fund major acquisitions.

Ms. Wynne's debt-saddled government has been paring its stake in the Crown utility to raise cash ahead of an election next year, with proceeds earmarked for transit and infrastructure. The sales have so far netted the province $9-billion.
Answer not a fool according to his folly, lest thou also be like unto him = Never argue with an idiot, they'll only bring you down to their level & beat you with experience
Deal Expert
User avatar
Feb 11, 2009
20056 posts
9837 upvotes
Toronto
VonMatterhorn wrote: Anyone jumping on Medreleaf IPO? Approx. price/share: $9.50 - $10.50.
No such offer from td
Realtor (Investment Properties) - CPA, CA

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