Quote Originally Posted by Balance View Post
Just been advised by my broker that they bid aggressively for retail clients but have been scaled back to bugger all.

Will still get an allocation but not holding my breath that I will get more than 3% of what I bid for.

Got to keep the big boys happy as they are the ones to provide stag opportunity - give them too little and they sell out (as in Contact Energy), give them too much and they don't buy more on market.
As a local I get a guaranteed $10k worth (3,846 shares). It will be interesting to see what scaling is applied to the extra $$ that I applied for.