I have to declare here that I had shares in ACL but had to get out due to financial reasons just before the IPO failed. But I now manage my brothers SMSF and he has a substantial amount invested (because I told him to). Hopefully it becomes enormous and can retire liking me instead of crying every time his pension payment comes in.
Yes I did see PYCs up front payment was quite low. But I also saw Astra's recent take over of a biotech and also an up front payment of $240m to Moderna. So happy to fall in between these.
What worries me now is the SP rising so quickly will the newbies that came in at cap raising time now exit with a nice little profit and interest wane ? or will this be the catalyst for more buying ?
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