How can it be correct? ...pardon me but it hasn't happened...pure speculation that they will dump for a profit. In the vacuum of knowledge....inventive ideas flourish.
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Possum, word in the broking community is that there were a number of local institutions who bid for over a million units above the $5.50 price, noting that the investment statement said Fonterra has the ability to price the issue above the indicative range, and these institutions got nought.
I did say IF it is correct. Earlier in the thread I was assuming that these overseas interests would be buying not selling tomorrow, but some seem to think otherwise - time will tell I guess.
Anyway, mine are getting buried in that small incestuous pool, at least for the meantime :)
Why list at midday? Is this to suit overseas investors better so that they don't have to get up at midnight to have all the action?
Opening time may take the drama of a new listing away.it happens with most initial listings with TV cameras present. No big deal in my opinion.
20%+ stag comin up
FSF is the ticker
I sure wish I knew how to sell shares that aren't listed on my DirectBroking portfolio...