"also does anybody expect sp to drift lower as punters sell their $1.30 shares?"
Yes, of course, there will be a drifting as retail shareholders book a profit and re-weight their holdings. Plus, we have yet to see the sell down by GS as they are not long term holders. Hopefully they can get their dirty business done in one line so we don't have a persistent over-hang.
Come the new year the true believers will be in place and let's hope for a stream of asset sales at or above BV.
There's still 60c or 70c in this imo presuming a continuation of residential sales thereby allowing retirees to move into a new AVEO ILU. So I am not selling.
As to the formula I got exactly 28% of my entitlements in additionals.
FKP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
