Unknown broker picks a 5-10% pop. Sounds about right to me : http://www.nbr.co.nz/article/how-z-e...view-dw-144513
Our ridicule of Morningstar's recommendation is also noted
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Unknown broker picks a 5-10% pop. Sounds about right to me : http://www.nbr.co.nz/article/how-z-e...view-dw-144513
Our ridicule of Morningstar's recommendation is also noted
I have been reading with amusement all the negative posts about morningstar, so I thought I'd raise this thread for the entertainment of Share traders,
posts #1344 to #1348 seem informative.
http://www.sharetrader.co.nz/showthr...&highlight=WHS
WHS open 17 May 2013 4.11
Lower 31 May 3.99
Lower 07 June 3.74
Lower still 14 June 3.68
BINGO! 25 June 3.60
28 June 3.54
So if Red Bull gives you wings, What does a Red Bull Moosie give you? And is it curable with penicillin?
if you are not into frivolous posts please don't bother reading this one!
Morningstar got one right. Did they pick the negative sentiment that hit pumpkin patch, Kathmandu and Hallenstiens at the same time or was it luck (briscoes being the only retail stock unscathed).
I just don't find them reliable enough to use. I think the over subscriptions (and far better yield than MRP) in this case will make it more luckily to go up than down.
And yet ASB securities offer Morningstar recommendations for their entire system... And this is floating on the 22nd yes?
Maybe Morningstar are using post-crash forecasts ...we need to wait and see
Not a broker, but my understanding is that it is effectively a market - conditional in the sense that all formalities for listing take a while to complete.
I rebalanced a little and took the tip off my iceberg ,RYM for some Z , RYM still by a long way my biggest holding. Sounds like a reasonable opening and a great yield ahead.
We could have a competition to pick closing price on day one.
I say around 3.74