The COVID-19 pandemic has caused a wave of discounted capital raisings with ~$43 billion of discounted new shares issued this year.
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 6 months to 30 June, in-the-money SPPs were issued at an average 11% 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.
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.
Manuka Resources Limited is the owner of the Wonawinta silver project and the Mt Boppy gold project, both located in the Cobar Basin region of NSW. The projects are fully permitted with JORC compliant resources and are serviced by the recently refurbished and company owned 850k tpa Wonawita Processing Plant.
InteliCare Holdings Ltd is focused on the development and commercialisation of the InteliCare system, a market leading, end-to-end remote monitoring technology solution that allows seniors to live safely in their own residence for longer.
thedocyard Ltd is a revenue generating developer and provider of cloud-based software specifically built for managing the entire life cycle of any corporate or commercial transaction on one central platform. It operates a Software as a Service (SaaS) business model.
Little Green Pharma Ltd is a leading Australian medicinal cannabis business and was the first Australian company to achieve production of a locally-grown medicinal cannabis product for patient use.
Emerald Clinics Ltd has established a network of specialist Clinics staffed and managed by experienced clinicians who have received training in cannabinoid medicine and are supported by a purpose-built technology platform that securely captures clinical data from consenting patients to generate a unique real-world clinical evidence data asset.
Tesoro Resources Ltd is an Australian gold exploration company with interests in two gold projects located in world class mining regions in Chile - El Zorro and Espina. The Company was established with a strategy of acquiring, exploring and developing mining projects in the Coastal Cordillera regions of Chile.
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*Based on both open and closed positions of the 141 listed offers as at 1 September 2020.
Performance figures are calculated using a simple average method.