The COVID-19 pandemic has caused a wave of discounted capital raisings with ~$53 billion of discounted new shares issued in the last 12 months.
Share Purchase Plans (SPPs) allow individual shareholders to apply for up to $30,000 in shares at the same discounted price paid by institutions. In the 12 months to 31 December, in-the-money SPPs were issued at an average 10% discount to the ASX closing price on the SPP closing date. But, you must be a shareholder before the SPP is announced.
SPP HarvesterTM gives you access to SPPs by buying you 1-share in 300 of the largest, liquid, operating companies listed on ASX. It will identify and apply for in-the-money SPPs and automatically sell the new securities, efficiently recycling your capital into the next SPP. This automatically harvests the discount for SPPs, with minimum capital outlay, low establishment costs and minimal administration.
Sprintex Limited (ASX: SIX) is an Australian based automotive engineering, research, product development and manufacturing company that designs and manufactures superchargers for use in a wide variety of combustion engines. It is currently focused on the development and commercialisation of the Sprintex® twin screw supercharger in the automotive aftermarket and original equipment manufacturer (OEM) market in Australia, USA, Asia, Africa and the Middle East.
The patented Sprintex supercharger plays a key role in reducing fuel consumption and lowering emissions in combustion engines, which is assist in meeting increasingly stringent environmental standards.
The Singular Health Ltd IPO has successfully closed. The offer heavily was oversubscribed, and all applications have been scaled back. Refunds will be made to nominated refund accounts. Allotment is expected occur on 27 January and the planned ASX listing date is Wednesday 4 February.
TruScreen Group Limited manufactures and owns all rights to the patented TruScreen Cervical Cancer Screening System. The system uses an AI supported process to detect pre-cancerous and cancerous tissue in real time and is at the forefront of the development of objective opto-electric tissue differentiation.
The Nexion Group Ltd IPO has successfully closed. The offer heavily was oversubscribed, and all applications have been scaled back. Refunds will be made to nominated refund accounts.
The planned ASX listing date has not been confirmed, but is expected to be in late January or early February. We will advise investors of the exact date once confirmed.
Payright Ltd (ASX: PYR) specialises in providing merchants in Australia and New Zealand with both in store and online buy now pay later (BNPL) solutions for the benefit of their customers, with a focus towards higher value and more considered purchase items.
Zebit, Inc. is a California based eCommerce company that is dedicated to making a fundamental change in the lives of 119.8 million Financially Underserved Consumers in the U.S. by giving access to a broad set of products and the ability to pay for those products in instalments over six months.
Native Mineral Resources Holdings Limited is an Australian based minerals exploration company established to explore for copper and gold deposits. The Company has interests in 10 highly prospective tenements located in the Palmerville Fault region of North Queensland and Mount Morgan in Central Queensland, and 4 prospective gold tenements in the Eastern Goldfields region in Western Australia.
Forbidden Foods Ltd produces healthy food to meet growing consumer demand for differentiated, health-orientated products and has supplied directly to 159 customers and 14 major food manufacturers with access to over 3,500 retailers and 500 food service and QSR customers through its network of 26 distributors.
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*Based on both open and closed positions of the 145 listed offers as at 1 January 2021.
Performance figures are calculated using a simple average method.