Not being a stagger.. good luck to all that want them.. Good dividend.. Ho hum...
Not willing to sell down to buy..
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Not being a stagger.. good luck to all that want them.. Good dividend.. Ho hum...
Not willing to sell down to buy..
Correct CJ, firm $ allocations were given to brokers yesterday. I have read the prospectus, asked for a firm allocation, got scaled, filled in the form, written out the cheque, and its in the mail.
I'll phone the police immediately Balance, possibly David Shearer as well
The application form is for a Dollar amount, not share amount. This IPO does appear to be structured a little different to the usual
Brokers all got their firm allocation dollar amount yesterday (see todays ann by Infratil) How they allocate to their clients is their concern, not mine. I would presume this is the retail part of the IPO, not all of it, as the price is set later by the book build. Retail is a pricetaker, not price setter
Sad - but true.Quote:
Retail is a pricetaker, not price setter
There's no public pool in this one, so if you want to participate you need to put your hand up for a dollar amount. Of course, you can always decline to fill in the application form when received - but probably at the expense of some damage to your future client/broker relationship!
:cool:
Looks like Craigs will give me all i can eat and pricing looking like lower end rather than higher but we will see.
Classic IPO - Craigs keep lion share of retail allocation and give its clients 100% of what they ask for (all good and great on them - to be applauded) while rationing other brokers.
End result?
Clients of other brokers will try and get out on opening knowing that Craigs' clients have plenty to stag with.