small premium as expected
Just what every IBanker wants.... I.e the vendor got a good price but a little bit left in it for the punters.
Printable View
small premium as expected
Just what every IBanker wants.... I.e the vendor got a good price but a little bit left in it for the punters.
It's only the first day - the proof in the pudding is what happens over the coming weeks....but still, better than Myers!!
Big lesson to be learnt here.
Watch some of the posters here carefully.
When they get feverishly negative, you know you are on to a winner.
Could be big or could be small - but a winner.
I haven't tried for any new issue recently. Too little cash, it has been much more profitable I think,going for as many as possible of the SPP's and rights isues.
I took a look at those purchased, not one was lower than purchase, Rakon has just managed to stay afloat. Presently, gain about 30% since April 2009, better I think than
the FPO's, taking a guess gain must be close to 100% annual rate.
I agree with that.
There's not been any need to chase IPO's for those who qualified for the many lucrative rights issues and SPP's. Some of the gains, particularly on the Aussie issues such as the banks, TSE, RIO, BOW etc have been spectacular. Of course, one had to be holding the right shares at the time!
;)
Will have to revisit this threat in 2 years time and see where the sp is. As we all know, the med to long term invest dont really care where the short term price movement is, cos 2-10% return is neither here nor there. We dont see shrewd investors like JC buying PPL for a 2-10% gain and flick it off in a week.