Is that why you bought Woolies?
No, I bought them cause I was a ****wit.
Anyhow, got another email now:
Dear Mr Jordan,
Ocado IPO
I am delighted to tell you that the price range of Ocado's initial public offering of its ordinary shares has been set today at between 200p and 275p.
As you know, you are eligible to apply for Ocado shares in the flotation. You can view and download the formal announcement and the prospectus for Ocado's initial public offering at
www.ocadoshares.com. It is important that you read the whole of the prospectus before deciding whether or not to apply for Ocado shares.
If you wish to make an application you can do so via our dedicated offer website
www.ocadoshares.com. You will need to use the following Username and User Code if you wish to make an application:
Username: Please use the username which you use to log in to your Ocado account (typically this is your email address)
User Code: <snip>
Please note that the User Code is case sensitive and must be entered exactly as shown, with no spaces.
As the final offer price of an Ocado share will not be known until after the closing date of the Customer and Employee Offer, applications will be based on the amount you wish to invest and not the number of shares you wish to receive. Applications by eligible customers in the Customer and Employee Offer must be for a minimum investment of £1,000 worth of Ocado shares at the final offer price and for a maximum investment of £12,000 worth of Ocado shares at the final offer price.
The Customer and Employee Offer will close for applications at 11.59 p.m. on 18 July 2010. If you wish to make an application please make sure your online application has been completed and received by us before that date and time.
Any applications for shares are subject to customary terms and conditions, including the subscription limits described above. In addition, if demand for shares is greater than the Ocado shares made available, applications could be subject to both scaling back and balloting.
If you make an application, we will ask you to provide us with your debit card details when you apply; however, we do not expect to debit application monies until 20 July 2010. This means that if you enter your debit card details incorrectly, we will not know until your application is processed on or around that date, and your application will be rejected without you having an opportunity to re-apply for shares.
If there is a high volume of applications, we may take payment from your debit card before that date, in which case we will only debit from your card the funds necessary to purchase the number of shares allocated to you. However, because the final offer price will not be fixed at this time, we may debit your account by an amount that is slightly more than required for the number of shares actually allocated to you. If that amount is £5 or more you will receive a refund. If it is less than £5 we will retain that amount and donate it to a charity or charities of our choice.
Please ensure that you have sufficient cleared funds in the bank account linked to your debit card to cover your application amount in full. If you fail to make sufficient cleared funds available at the date on which we debit your account, your application will be rejected.
In the meantime, if you have any queries relating to Ocado's IPO, please call the Ocado IPO Helpline between 9 a.m. and 5.30 p.m. Monday to Friday on 0800 141 2954.*
Yours sincerely
Tim Steiner
Chief Executive Officer
)...How can these floats not be spotted as last ditch efforts to make founders wealthy before the inevitable correction? Pension fund managers can't be that desperate for new opportunities to lose money/keep the Ponzi scheme going surely?
