Week edison had them valued at 1.70 to 1.86
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Week edison had them valued at 1.70 to 1.86
Do people really give much sway to Edison valuations? I have seen a lot of people post on here quoting "Edison", but in my opinion, they are often very far off the mark. I mean they value CRP at something ridiculous like $2 per share.
p.s thanks for clearing up the GST bit on commissions Minimoke, I was really getting concerned there ;) I could well live with that yes, but it would not change anything for the punter, in fact it would probably make it more expensive for us as the brokers/fundies just pass on the costs.
When I participated in the Telstra IPO I made profit for NZ at the expense of Australia. Swings and roundabouts I say.
Would never work like that blackcap, and why the heck should financial services fees be exempt? Nobody has ever offered the Hog a reasoned argument as to why this is so.
It would only ever be on the brokerage, so more like $4.50 for a $1000 purchase.
Not so bad when we're looking at the right figures eh?
Quote from David Cunliffe on Firstline just now. I did not know he was such a blatant liar. What an idiot: "The number of Kiwi's owning meridian has gone from 100% to about 2%"
You better check where you get your figures from.
I guess we could argue even less. Say 4.4m NZ’ers. 66,000 retail investors at listing equals 1.5% own Meridian. Say half these sold out yesterday. That leaves less than 1% of NZ’ers actually having a voting right in Meridian.
Kiwis never really owned Meridian in the first place. Sure tax payers paid for it but it was basically held on behalf of Kiwis or overseas business to some extent if you take Tiwai into consideration.
Good point tho. Selling something we all own to an elite few; us.This will come back on National and swing some votes.
come on Minimoke. You really do not think half of the retail investors sold out yesterday do you?
Cunliffe is not comparing apples with apples using your logic. If its under 2% now, it was never 100% in the first place.
Blocks of 10 million, 5 million, 3 million etc were traded frequently. Somehow I do not think this was retail investors. I believe of the 268 million shares that changed hands not more than 30 million (but that is being very generous) were retail sellers. On the other side, retailers would have been buying as well. (although not as much as institutions. The same NZ institutions that are buying on behalf of Kiwi Saver and other NZ super funds.