Medibank Broker Firm Allocations, page-224

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    For the Royal Mail IPO the public offer was seven times oversubscribed and the Insto offer was 20 times oversubscribed.
    For MPL the broker firm offer was about 8 times over subscribed.
    Assuming float is done at around $5b then already $1.5b or 30 percent goes to broker firm.
    Reckon that 40 percent goes to Instos so leaves $1.5b for public pool.
    There are around 9m private share investors in UK and Royal Mail attracted 750k applications or 7.7%.
    There are around 7.2m share investors in Australia and using same percentage as Royal Mail then 560k will apply for MPL in Australia.
    Assuming $1.5b available for public pool then approxinates $3k maximum per application. ( Worth noting that with Royal Mail everyone who applied from minimum of 750 pounds to 10,000 pounds just got 750 pounds worth . Anyone who applied over 10,000 pounds got NOTHING on the basis that they would be staggers anyway. How perceptive of them !!!! )

    Conclusion
    No matter which way you try and twist the numbers, I suspect that the maximum you will get in the public pool is about $3000 per application and fear that if you go over say $10,000 per application you may get nothing. ( I see some eerie similarities between what the government is doing with MPL to avoid the problems the UK goverment had with Royal Mail in the UK )
 
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