Even (market)price is decided by "supply and demand" basically, this is why I said opportunistic approach.
The retail price, institutional price and the basis of allocation will be announced on November 22, and QR National will begin trading on a conditional and deferred settlement basis on the ASX the same day. (source: couriermail.com.au)
If above article from CourierMail.com.au is correct I really do not know what they are doing. IMO they act like street stall sellers in Sunday flea market.
At this stage I am considering for only 10 cents lowered retail price stag profit. But even this is riskier trade, IMO. Opening market price could be far below retail allocation price, haha.
Usually government price valuation is far below market price. For instance government land valuation is about half the market price.
Anyway this is likely 2nd showcase of BrisbancConnection failure
