Medibank IPO Crystal Ball, page-10

final price around 1.70 imho. i think instos will play hard ball, especially mature business with low growth. they are in it for long term, so can't pay very high price. this is not hso growing at 10-15% and private hospitals. they need some room for manouvre.

at 1.70 it is 4.6 billion already, earning 258m, thats p/e is 17.8 which is already full. should trade around 1.80 ot 1.90s post listing.

2.00 above, no one is going to pay. thats over 21.5 p/e and no growth to justify. cannot see this happening at all even post ipo.