Are you able to share the valuation technique used for the valuation?
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Here's a real economist review of The Signal and the Noise
http://www.paulormerod.com/wp-conten...e-Aug-2012.pdf
Like me he doesn't think Nate does a good job explaining the signal bit ....but none the less a good read with some interesting stories
Well there it is, SNZ on the Australian board.
And what an opportunity for our aussie cousins to invest in NZ's leading awarding winning village operator.
If im correct - Summerset (NZX:SUM, ASX:SNZ) begins trading today on ASX? could be an interesting day....
SNZ.ASX is now trading on the ASX.
There is a buyer at $1, but no sellers yet!
Haha, how does it work??? how do shares move from NZX to ASX, if there are no shares on offer already on the ASX?, how do they get sellers unless a big owner dumps a bunch of shares. at 3.03 NZ price and exchange rate 0.85 = $2.57 AUD, so if he gets them at $1 its a bargain!
It does seem that Quadrant are not spinning their wheels to sell down on day one. It's possible when they do they may still go off market to insto's who would then trickle into the market over time when they get around to their first re-balance.
Could take a long while, let's not go holding our breath or anything.
some serious money coming in today....its always good to have a good base....cheers