Any details on the scaling of shares through a broker firm (e.g. ANZ)?
Last time for Meridian, I recall the scaling was minimal (10%) for broker applications compared to general offer applications.
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Any details on the scaling of shares through a broker firm (e.g. ANZ)?
Last time for Meridian, I recall the scaling was minimal (10%) for broker applications compared to general offer applications.
Yep she's certainly overdone probably to try and make those of us who bought MRP at IPO price look at this one as being different and tempt them to leave those burns behind and have another go,actually did Derek Handley have anything to do with those adds?:cool: Seriously though this offer could yet be the pick of the 3?
Well this screwed dad is up 8% with a 4.19c div to come with MEL, get it right screwless antler less; mooch:scared::t_up:
Net debt re $994 million int rates going up, resets , cost of loans on the rise.
Re the price range, they could give a wider range as it will be set in stone before any applications are made by the public. THat is completely fair.
It will be interesting to see if they also announce what % will be sold prior to the applications opening. I dont think they will but they should at least give a narrower range.
Does anybody think that given the relatively high dividend yield we should see some big international investors look to jump into this one thereby bidding up the price and driving the yield down.
From my understanding it has an impressive yield due to the blend between its core business and the returns from the kupe gas field. Obviously Kupe only has a finite supply of gas (say 5 years) however this is a long-time in the high returning seeking investment world.
How do the bonus shares work from the companies point of view? Do they just issue more shares (this would dilute the govts holding) or do they hold them back in the IPO?