Yes based on that alone. But I don’t know how representative that was of other other months. Also, this month seems to be a non-standard allocation in the sense that those who had cancelled bids at the start of lockdown will be prioritised, but only if they bid exactly same amount this time round. I can imagine that might take longer to sort out.
Yes, very untypical round, so probably can’t go off previous
Indeed, there are a few adjustments we are making to our regular process and communications to take this into account and we will complete the allocation process and publish the results as soon as that is done.
It should be completed today so we will get these emails out as quickly as we can after that.
You will not be surprised to hear that this issuance was heavily oversubscribed again and we will add the details to the usual historic list as well
Fingers crossed here… I’m guessing you got £500k total bids?
Since its not mentioned on the seedrs page, I assume not, but I’ll ask anyway. Will there be an issue with preference for shareholders investing in the current funding round?
Thanks for bidding for Dozens Savings Plc’s listed 5% p.a. Fixed Interest Bonds. We’re pleased to let you know that your bid has been successful.
I like emails like that!
How much did you bid?
Just £300 was my first time bidding, I’m cautious with something new lol
I think that was a sensible bid - I’d guess the cut-off (for new bids, ie people who didn’t have them cancelled in April) is likely to be 400 / 500.
My £500 bid was just accepted. I reckon they’re working down the list
Edit: my bid did not qualify for the special treatment of the cancelled April bids
congratulations to everyone who had bids accepted
you can see the stats here:
as @dan_g guessed correctly, total bids were almost £500,000. We wanted to give the April bidders a fair chance to get their bids in as we had paused that one during the process - but since we cannot just assume everyone has the same financial situation this month, it was up to them to re-enter their bids - which many of them did.
This makes this issuance slightly unusual, but hopefully we still managed to bring on lots of new customers who bid under £800 in August as well.
We’ve announced the dates for the August issuance as well
You seemed to have changed the nomenclature. Previously the month of the issuance referred to the month in which the bonds were issued. Now the month seems to refer to the month the bids are placed. In other words, previously you would have referred to August issuance as September issuance.
Is this change deliberate?
ooh, you really do have
indeed, there has been a change and the change is deliberate
it made logical sense for the issuance to be named after the actual date the bonds are issued, but in practice I believe that since the majority of the effort (bidding, reviewing and allocation) take place in one month and then the launch is the first (working) day of the month afterwards, was sometimes confusing people.
We couldn’t change it while we had a series going (or we’d have a duplicate) but as there has been a break, we could switch it.
Does this work for you or does it create confusion? The legal dates are all in the app and the terms so those have not changed, so it is just the naming for communications like this
A little on the low side with my 4-500 estimate.
Not sure the people bidding tens of thousands each month understand the bidding process… I know there was one lucky bid in an early round, but if you’ve got £20k you want to save in Dozens you should be dripping it in…
Makes no difference to me. Was just curious and wondered if it was a mistake.
It would be interesting to see the number of failed bids too
I knew something was messing me up - eureka
What would the highest/average bid be if there wasn’t the April priority? (But all bids part of the same thing)
I’m afraid I don’t know, and this would not be made available
This will vary with every issuance, based on the number of bids, their value and the total available. If you look at previous bids on £100k issuances you can see that the highest bid has varied between £900 and £3000
I notice the September bidding is now open.
Is it £100k again?
You can find the latest details, and the historical results, in this topic