AJ Bell IPO- will you buy?

triplea35

stuckinazoo wrote: »

What are everyone's thoughts? Will there be many people selling today and if I sell and bank on a significant dip, will there be limitations for buying back a similar number of shares in the near future?

I applied for 10k worth, both for my wife and I in newly opened ISA's but see our applications have been limited to less than half applied for.
They are currently up 37%. Unable to sell them until they go unconditional on the 12th,so hope they hold until then and will be happy to take a quick profit.

stuckinazoo

triplea35 wrote: »

I applied for 10k worth, both for my wife and I in newly opened ISA's but see our applications have been limited to less than half applied for.
They are currently up 37%. Unable to sell them until they go unconditional on the 12th,so hope they hold until then and will be happy to take a quick profit.

AJ Bell have said you can sell by calling them - https://twitter.com/AJBellYouinvest/status/1070978167400218625

stuckinazoo

Just phoned and you can sell today. They give you a couple of options and trading closes at 16:30.

short_butt_sweet

stuckinazoo wrote: »

Well I've made a bigger gain (albeit on a purchase under the £2000 I applied for) than I'm likely to make again in 24 hours.

What are everyone's thoughts? Will there be many people selling today and if I sell and bank on a significant dip, will there be limitations for buying back a similar number of shares in the near future?

This is my lifetime ISA so in it for the long term.

if you're in it for the long term, why are you thinking of selling?!

nobody knows whether there'll be a dip (letting you buy back more cheaply). that's the nature of shares.

to go back to the HL comparison, they were IPO'd in 2007 for the identical price per share (160p), and were also trading over 200p on day 1. they were eventually (the next year) trading at under 140p (for a small number of days). but that was mainly because the overall market was lower (in 2008). probably the biggest factor affecting AJB's price will similarly be the general level of stock markets. this is what happens when a lot of your revenue is charged as a percentage of AUM. and who can predict stock markets generally? nobody.

i'm doing nothing. applied for more than i wanted, and scaled back to pretty much exactly what i wanted, so bullseye

triplea35

stuckinazoo wrote: »

Just phoned and you can sell today. They give you a couple of options and trading closes at 16:30.

Brilliant, thank you! Couldn't deal online but just rang them and all out at 219.
Only charged the online charge of £9.95.

tacpot12

Offer was oversubscribed, I got about 85% of what I had requested. I'll be holding them for the long term.

deutsch

tacpot12 wrote: »

Offer was oversubscribed, I got about 85% of what I had requested. I'll be holding them for the long term.

I asked for £2000 and only got about 61%

bowlhead99

deutsch wrote: »

I asked for £2000 and only got about 61%

I also asked for £2000 in my sipp and spent £1265.60, which is 63.28% of the requested amount, on the 791 shares.

Then I sold them all a few minutes before market close, and after the dealing fee had net proceeds of £1730.65.

Not bad for a few days of having the capital tied up

short_butt_sweet

the announcement this morning said:

All successful applications received a minimum of 527 shares priced at 160 pence per Share but were subject to scaling back due to the over-subscribed nature of the Qualifying Offer.

so presumably people applying for £1000 (the minimum application) got 527 shares for £843.20.

and presumably people applying for more got the same proportion for the first £1000, but a reducing proportion for the rest of their application.

i applied in a dealing account, which made it more practical to over-apply, since i don't have much spare cash inside an ISA or SIPP. obviously i am shocked at the cynical way in which some of you have sold on day 1. and there is of course nothing cynical about me applying for more shares than i really wanted

triplea35

Only 42% allocation from a £10k application but sold with a 36% profit (£1.5k) so not too disappointed!