Quote Originally Posted by Balance View Post
Forbar as NZ’s co IPO manager - does Vulcan actually know what it is doing inviting in the kiss of death broker?

MFB, CBL, Wynyard, Intueri, Orion etc etc
hahaha - I hear ya. Anytime forbar are mentioned in a float I immediately wonder why the company had to go with a second rate broker. But I'd say Jarden are top tier and they have had some woeful floats too so who knows. Brent Sheather writes some great articles on the NBR about IPO performance interesting reading and enough to put you off investing in initial offerings.

Here they are a 2 bit player on the wings and not leading the charge - that is done by the aussie JLMs.

Vulcan has a lot of substance and is a grunty company with long term history and exceptional management - particularly relative to the list you have above. Question as always is if the valuation is too rich.