Looks like it'll open on the $1.85 mark today...
Printable View
http://www.nzherald.co.nz/business/n...ectid=11239490
I wonder if they would have printed my name as Harvey?:
I think I have just outed my alias to a reporterQuote:
One investor, who had his application for $10,000 in shares through the public pool scaled back to $3,500, said: "My concern is that when it was originally proposed, the idea was to get as many mum and dad investors involved. I don't know whether many mum and dad investors would have gone through the brokers." A scaling-free $2,500 allocation was so small, it was "hardly worth holding", he said.
Buyers 5,000,000 @ 1.70,1.73,1.75,and 1.76 . Looks like won't be getting any at $1.56 then:(
open 10am?
A tempting stag at above $1.85 but the question is with it being underpriced on issue is whether or not it will ever get back to $1.55 or below,hmmm toss a few coins:cool:
It is freaking wrong that the Government sells 24.5% of the available share allocation to overseas institutions when scaling is so ridiculously high for retail investors. Now have a look at the depth charts, no doubt the big seller with 500,000 shares @ $1.80 is one of these overseas institutions selling ti back to us with a grin. So essentially, they have bought our state assets on the cheap, and are selling it back to us at a 16% premium. Absolutely disgusting.