Altagas Ltd (ALA.TO) - Page 4
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Thread: Altagas Ltd (ALA.TO)

  1. #31
    Senior Member
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    Nov 2009
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    Quote Originally Posted by gibor365 View Post
    Sorry, don't really understand your point . If , for example, I buy subscription shares, couldn't I sell it after settlement date (Feb 3)? Isn't price for subscription and common are the same?
    You can sell the subscription shares anytime you want but to someone else who wants the subscription shares, and at the price they are willing to give you for them. Until they are converted they are not exactly the same shares. The sub shares carry with them the risk that the deal may not go through and the value they would retain at that moment will be the original subscription price...not the price they trade at in the market.

    Obviously you and others come to these boards to pick up on these things but if I can add a suggestion. Never assume anything. If you are going to participate in an IPO or secondary offerings, you really need to read those offering documents and understand what they mean now and in the future. It will save you money and it will make you money from the investors that do not do this. There are a lot of them, but Goldman Sachs will usually take their money before you and I can get at it...but not always.

    Good luck.


  2. #32
    Senior Member
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    Feb 2014
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    You might value in the expected dividends the SRs might earn, in addition to the original subscription price. Dividends paid before they either convert or buy-back the SRs should be paid on the SRs. Messing up their dividends would be a bad move for these guys, so I expect they would keep to the usual schedule.

  3. #33
    Senior Member
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    Jun 2011
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    1,224
    good name, keep adding to my position, I expect this thing to be in the high 30's in the mid of 2018

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  5. #34
    Senior Member
    Join Date
    Aug 2013
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    Just picked up some ALA.R this morning.One thing to think about ,the "dividends" that the receipts generate are part interest and will not be taxed as favorably as regular shares.Keep that in mind in an unregistered account.

  6. #35
    Junior Member
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    Jan 2017
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    Quote Originally Posted by yyz View Post
    Just picked up some ALA.R this morning.One thing to think about ,the "dividends" that the receipts generate are part interest and will not be taxed as favorably as regular shares.Keep that in mind in an unregistered account.
    Hello guys, I have AQN shares and while checking out, I came upon ALTAGAS and found this thread. I can't find the "subscription shares" in Google finance. is it the ALA-U?
    I see ALA.R.TO in Questrade trading at $29.88 on 09March. Is that it?

    I was going to add a bit to my utility dividend paying holdings, how do you compare AQN and ALA for long term holdings? (sorry, didn't mean to steal the thread)
    If the subscription is at this discount price, and will adjust to common shares if successful, I'm willing to take the bet ...

  7. #36
    Senior Member
    Join Date
    Mar 2011
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    311
    I see ALA.R.TO

    Yup that's it

  8. #37
    Member
    Join Date
    Dec 2013
    Posts
    67
    I ran into this stock today. Anyone have any insight? Was thinking about buying some. Trading at $30.98 now.


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