-
27-09-2013, 04:57 PM
#121
Banned
Don't touch it (at $1.60) - Excellent advice from Milford Asset Management executive director, and veteran sharemarket commentator, Brian Gaynor.
http://www.interest.co.nz/news/66575...price-too-high
Sounds as if the only people happy with these floats are the government and Key's investment banker chums.
-
27-09-2013, 05:12 PM
#122
Banned
Originally Posted by snapiti
Just mr gaynor trying to get in at a better price
Well he's certainly reinforced my view that, given the potential political risk and the debacle of the MRP float, it's overpriced (@$1.60).
-
27-09-2013, 05:16 PM
#123
Instos start screwing the price down then leap in boots and all.
-
27-09-2013, 05:19 PM
#124
Originally Posted by snapiti
Just mr gaynor trying to get in at a better price
Exactly. "Talking his own book."
A lukewarm takeup of the issue followed by a weak aftermarket would suit Milford very well.
-
27-09-2013, 05:20 PM
#125
Member
Originally Posted by snapiti
Just mr gaynor trying to get in at a better price
Agree, we have to take these comments with a grain of salt. After all, Gaynor has to stay in the news
to promote his own funds. Thats what he's doing here.
-
27-09-2013, 05:25 PM
#126
I think gaynor may be right. I have invested in MRP, regret it now. For everyone's good but if you think its a good investment then make your day.
-
27-09-2013, 06:08 PM
#127
Sorry to hear that gv1, long term i hope it pans out for you.Luckily there will be independent research avail on the NZX on the 30th this time to help folks make an informed decision. From what i read on MRP on share trader and discussions with friends ,MRP was just too expensive and with the blackout stopping brokers from giving unbiased research and advice folks just had to go with their "neutral" brokers who were making commisions out of that float.
-
27-09-2013, 06:16 PM
#128
Originally Posted by snapiti
and he is hardly going to say it is a bargain and tell everyone to dive into cause if it does what mrp has done he is going to look like a right twat.
I like Brian Gaynor's articles,but like Meridian's assets more.!
-
27-09-2013, 06:34 PM
#129
Yes, I respect BG's perspectives on the sharemarket, and would be delighted if the price is set at $1.30-$1.40.
Remember, if thats the bookbuild price, then thats also the retail price.
Bring it on you low-ballers you
gv1, don't fret about MRP - as the conspiracy theorists will tell you, it's being held down by the insto's until after the price is set for Meridian.
I tend to go with those thoughts personally - there are big bikkies at stake on these floats
-
27-09-2013, 06:36 PM
#130
cause the fund managers dont want many retail investors to get in , they get to pay a lower price because of lack demand and dont have to buy on market afterwards to get there quota
MRP at todays price + div and your hardly down that much from ipo
one step ahead of the herd
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks