Shoeshine in the NBR gave his thoughts about this the other day ..... very interesting
You can get the independent advisors report when AMP took over Summerset in 2006 off the Companies Office website .... and even though a year or so old Shoeshine says probably hasn't changed much ..... and says that report is a precursor as to what the new IPO might look like.
One quote from that report was 'a potential list price (in an IPO) for Summerset shares would, in our opinion, inevitably trade at a discount to the PE multiplies currently being achieved by Ryman and Metlifecare' .... and so an IPO wasn't considered a good idea then etc
So what is AMPs $125M now worth?