Apologies, didn't closely read your post. You're probably correct, institutions will probably be heavily scaled back. Interesting to see overseas instos share is more than double than NZ instos.
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Apologies, didn't closely read your post. You're probably correct, institutions will probably be heavily scaled back. Interesting to see overseas instos share is more than double than NZ instos.
I think that price augers well for listing , unless Wall Street takes a dive in the meantime.
Pretty well priced I'd say
Reading between the lines 95% of those in the retail offer applies for $10,000 or less.
I assume the big buyers went through the brokers which is lucky as over $20k, retail got scaled down to 55%
Let's hope the NZ insto's got scaled big time, especially those that talked it down.
Hi all, I may be reading into this incorrectly, but the general flavor of what I am reading is that people are in for a quick buck. i.e. sell pretty much after it floats. Nothing wrong with trying to make a quick buck, but however if everyone is trying to do the same thing... Just saying. Perhaps instos that need it their portfolio will be your savior. I just get a nasty feeling that this thing is going to tank. Could be wrong & could be biased as I don't think these assets should be floated at all as I have seen the damage done overseas. Anyway good luck to all hope it goes well for you. Cheers Daytr
With Instos significantly scaled back and the price at the lower end underpinned by the D/Y I'm thinking its looking good. I have no intention of selling in the short term myself, looking forward to div and some s/p gains.Also have no int in attracting the IRD .
Percy....you are acting as our government should have. Me to.
Its a sad day to see this large share of our assets go.
Its sad that the price is so low for the NZ tax payer.
Its sad that there are so few New Zealanders participating.
Its sad that mostly rich folk are benefiting with bigger holdings...and that ultimately the NZ tax payer base will bear the cost of this.
Ah well...such is life(politics) ...move on RTM and hopefully enjoy the dividends.
But its a sad day guys....from my perspective anyway.
At last, NZ treasury have priced an offer 'to go' and left something in it for the next man:).
Personally I'll be more than happy to sell if the part-paid get anywhere near $1.25.