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MPL - Medibank Private

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Re: MPL - Medibank Private IPO

Medibank price, allocation details set for Sunday

THE federal government will announce the final price and share allocations for the float of Medibank Private on Sunday, inking the deal just ahead of the health insurer’s listing on Tuesday.

Finance Minister Mathias Cormann is calling a media conference on Sunday morning in Perth, according to an emailed statement.

Media reports yesterday said fund managers had been told that the bookbuild was well covered at $2.15 per share for institutions, following a three-day process.

But some brokers said the government would probably price the institutional offer at $2.10, leaving some room to sustain support in aftermarket performance.

Demand had been overwhelming from retail investors, who have been guaranteed that they will pay no more than $2 a share.

Based on that pricing range of between $2 and $2.15, Medibank would be valued at between $5.5 billion and $5.9bn.

Market sources believe retail investors are likely to receive about 60 per cent of the company, while a further 20 per cent would be offered to global institutions and the remainder to Australian institutions.

Earlier this week, Senator Cormann said the float had attracted very strong demand, leading the government to increase the indicative price range from the initial $1.55 to $2 to between $2 and $2.30 each.

http://www.ipohub.com.au/chat/medibank-price-allocation-details-set-for-sunday
 
Re: MPL - Medibank Private IPO

issh said:
I believe on the 25th Nov
Click to expand...

bentley88 said:
Medibank price, allocation details set for Sunday

THE federal government will announce the final price and share allocations for the float of Medibank Private on Sunday, inking the deal just ahead of the health insurer’s listing on Tuesday.

Finance Minister Mathias Cormann is calling a media conference on Sunday morning in Perth, according to an emailed statement.

Media reports yesterday said fund managers had been told that the bookbuild was well covered at $2.15 per share for institutions, following a three-day process.

But some brokers said the government would probably price the institutional offer at $2.10, leaving some room to sustain support in aftermarket performance.

Demand had been overwhelming from retail investors, who have been guaranteed that they will pay no more than $2 a share.

Based on that pricing range of between $2 and $2.15, Medibank would be valued at between $5.5 billion and $5.9bn.

Market sources believe retail investors are likely to receive about 60 per cent of the company, while a further 20 per cent would be offered to global institutions and the remainder to Australian institutions.

Earlier this week, Senator Cormann said the float had attracted very strong demand, leading the government to increase the indicative price range from the initial $1.55 to $2 to between $2 and $2.30 each.

http://www.ipohub.com.au/chat/medibank-price-allocation-details-set-for-sunday
Click to expand...

Thanks :)
 
Re: MPL - Medibank Private IPO

I reckon it'll hit $2.35 the very first day; drop the next day; then gradually rises.
 
Re: MPL - Medibank Private IPO

Value Snatcher was close with a $2.19 guess for institutions. Maximum for retail at $2. Plenty of time before ex-dividend date next year. :sleeping:
 
Re: MPL - Medibank Private IPO

Wysiwyg said:
Value Snatcher was close with a $2.19 guess for institutions. Maximum for retail at $2. Plenty of time before ex-dividend date next year. :sleeping:
Click to expand...

Not the 25th yet!

Should be a nice little earner
 
Re: MPL - Medibank Private IPO

I doubt that many people will be selling on the first day now, considering the scalebacks.
 
Re: MPL - Medibank Private IPO

An extrapolation of possible gross dividend yield :-

Forecast fully franked $0.049 for seven months to June 30 2015.
12 months dividend assumption is 0.049/7 * 12 = 8.4 cents fully franked

Dividend yield gross assumption is 0.084/2 *100 = 4.2%

Close?
 
Re: MPL - Medibank Private IPO

So much for CommSec and there FIRM allocation:banghead: applied for the maximum $5K allowed and then $296 was credited back to my account a week later so thought I was getting $4704 worth and was happy with that so didn’t apply for any more but this morning my account shows I have 1881 or $3762 worth WTF :eek: And what has happened to the difference of $942:confused: Either a mistake or another scale back, nice of CommSec to let its clients now what’s going on:mad:
 
Re: MPL - Medibank Private IPO

Got email this morning...put in for $5000 worth -got 2314 shares-refund of $372 dollars.Could be did better because it was a joint husband and wife application (just guessing)
 
Re: MPL - Medibank Private IPO

Still yet to find out our allocation. No email and nothing in our account (also no refund). :eek::confused:
 
Re: MPL - Medibank Private IPO

Melthar said:
If you went through the retail offer process, it should be visible on the offer website. Just log in using ARN etc.
Click to expand...

Thanks Melthar. I did find it out that way. Still puzzled as to why it's not showing up in my broker account, given I supplied the relevant SRN when applying for shares.
 

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