Tegel IPO

[trader_jackson]

Your sentiment and actions change a tad?

Partly surprised at how cheap it was listed, but then again, shows nobody (really) wanted to back a cent more, could be good for the stags, but overall sentiment hasn't changed for me... good luck to all holders... lets hope they can achieve what they want to achieve... (alarm bells should be ringing if PE firm decides to sell soon after escrow ends)

[Valuegrowth]

We could expect some active trading in this stock. It is nice to see some food stocks are listing in the NZ exchange. It should follow the trend of (FRM.AX).

There is a private equity involvement in this company. It is wise to study that part as well.

http://www.stuff.co.nz/business/indu...y-analysts-say

Tegel's sharemarket float could go either way, analysts say

http://m.nzherald.co.nz/business/new...ectid=11631887

Brisk demand on cards for Tegel float

Good Luck!

[tango]

What time does it list?

[DJMustard]

Lists at 11am nzt. Is there any way to see order depth pre-market?

[777]

Bids
Quantity No. Price
9,500 2 185
10,000 1 175
5,500 1 170
15,500 4 160
229,225 4 155
10,000 1 100
Asks
Price No. Quantity

[tango]

Thanks 777
Interesting range. An optimist there at $1!!!

[777]

Thanks 777
Interesting range. An optimist there at $1!!!

TGH is it's code if you have access to ANZ securities or ASB securities.

[tango]

Thanks, yes ANZ are now showing all the bids. They weren't when I looked earlier.

I wasn't organised to get an allocation so I will have to buy today as close to 155 as possible. Sometimes the shares do an initial surge and then dip so I will be patient...

[DJMustard]

Wow looking at the updated depth, doesn't look like we'll be able to get any orders in anywhere close to 155

[Balance]

Thanks, yes ANZ are now showing all the bids. They weren't when I looked earlier.

I wasn't organised to get an allocation so I will have to buy today as close to 155 as possible. Sometimes the shares do an initial surge and then dip so I will be patient...

My view - Institutions will massage this thing up, and then give retail punters (lured by the promise of yet another high flying post-IPO listing) as much of the stock they want at a premium.