hi broker was wentworth securities. all brokers spoken to today- bells etc have stated scaleback is going to be very big - consistent with getting 20-30% of bid(current run rate is 50%, but still open till tue...)
currently $5bn of indicative committments in broker firm, which will total around $1.5bn/$5 odd billion raised.
that works out to be roughly getting only 20-30% allocations in this...
morningstar report came out just then stating 10% profit growth for the next 5 years(up to 2019) due to NPAT margin increase 4% to 5% over the 4 years, and health insurance segment growth of nearly 10% per annum.
