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Oh boy... That is an absolute shocker..

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dimaz11

751 Posts.

03/11/14

14:28

Post #: 14228250
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Originally posted by howvan ↑

I got this email from my broker today- Wilson HTM. After all that, looks like I will be getting bugger all.

"The Medibank (MPL) Broker Firm Offer has been disappointing result for all involved. There was $11.98 billion of demand for only $1.5 billion of available stock. This demand far exceeded everyone’s expectations and there has been no favourable treatment. It looks like the Commonwealth has spread this as far and wide as possible giving everyone in Australia a chance to participate (i.e. reaching every possible voter). As a result the Commonwealth didn’t allocate more to higher ranked syndicated brokers. All syndicated brokers received a ~13% allocation. Some non-syndicated brokers received only a 3% allocation. Due to the severe scaling, all staff bids from Wilson HTM were also pulled. However, there is still an opportunity to get more MPL stock under the General (Retail) Offer and the Institutional Offer. I have provided details of how to do this below. "

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Oh boy... That is an absolute shocker..
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