TLS 0.26% $3.87 telstra group limited

I've been reading that if the T3 final price goes as high as say...

  1. 2,499 Posts.
    I've been reading that if the T3 final price goes as high as say $3.70 there's a real risk of a selloff after the T3 receipts list. In the AFR a couple of weeks ago they talked to a well respected fund manager, MMC asset, and they said most investors who have subscribed would have been expecting a final sale price of $3.50 - around the level the shares were at when the offer was announced. If it's much higher than this they might sell after the stock lists.

    So if he is right $3.70 looks like a bad price, and doesn't bode well for stag profit opportunities.
 
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