Which means the yeild will be at the lower end.
Cant see myself buying in. Wonder if I should have a small punt in case I get it wrong like I did with TME (now up 50%)
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ASB have just sent an email advising that $10,000 is their maximum. Are other brokers doing the same.
Disc: wont be investing. With large interest, it should be crap for yeild but great for stagging which doesn't fit my tax profile.
Nothing from DB and I asked for information package.
The issue is going to be very interesting.
With retail scaled to circa $150m of the float, there is high interest coming in from Australia ($2b) and Asian based investment funds ($1b), all looking to get some of the final $350m institutional segment, the upper range to $5.50 maybe breached.
However, if the price goes to $6 many "would be" stags may pull their bids. The other consideration is an out of left field event from the global stage, Greece kicked from the Euro, poor US economic figures after Obama's win tonight, or even a sudden shock out of China. If one of these events occur in the next 3 weeks, or some other global event, international interest could evaporate.
Long term, this issue is good for the country and investors.