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22:15
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Originally posted by Nani (MG)
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Thanks guys for your comments. The common theme seems to be that it is too expensive at this stage. It would be interesting to see how the instos feel. I must agree that even though it is a Gem in its Field, it certainly appears to be very expensive at the Mid Point. Considering the Aussie Dollar is shooting very high, that can be a big drawback for WiseTech as they have lots of USD earnings. I am beginning to wonder whether $3 is the Price that may be worthwhile for us, but we won't know until we already parted money before the BookBuild. Long Term this will be a ripper for sure.
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