I wonder to keep everyone happy ( Not us, the Retail ) Whether the Book Runner The Feds go with a P E of 19.3 which gives them $5 Bil exactly and still leaves a bit of meat on the bone. To Raise $5 billion the Final Price has to be $1.815 say if they go at this price I reckon from the Instos demand there is still a 10% stag left on the bone. Some of the commentators are saying in the Media that medibank should be compared to the Likes of RHC and HSO etc due to its size and dominance. Can you imagine if the Asian and US Instos who likes the Australian healthcare sector think the same way as these Commentators, it is possible that Telstra 1 could be revisited!!! I highly doubt that this could happen, but you never know with the Instos. Everyone said HSO was way over priced. Its gone up 20% since listing. Cheers.
