Fail ... a good roll up has an ever increasing issue price. I would say that having 3 listed entities competing for these things is driving up the multiples for purchase. Although iph somehow recently jagged 6.5 times. Xip just feels like a fee rinsing machine for brokers/fund managers now. I have a token position and Xip is now banished to the pure short term trading basket along with pretty much every other listed asx stock.
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Fail ... a good roll up has an ever increasing issue price. I...
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