Faramir
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Re: MPL - Medibank Private IPO
I received my $2,000 full allocation as well.
I received my $2,000 full allocation as well.
MPL - Medibank Private
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Re: MPL - Medibank Private IPO
Got around 15% of what I requested. Not sure what was the allocation policy. Anyone knows?
Got around 15% of what I requested. Not sure what was the allocation policy. Anyone knows?
Re: MPL - Medibank Private IPO
Hi all,
Applied for shares through the retail offer website. Provided my HIN - broker is CommSec - and relevant information in said application.
Was scaled back. Have confirmed my allocation through the retail offer website (using ARN, etc).
My understanding is that this allocation won't appear in my broker account's holdings until 1-Dec-2014. So, if I want to sell today through Friday, I have to contact them by phone?
Regards, M.
Hi all,
Applied for shares through the retail offer website. Provided my HIN - broker is CommSec - and relevant information in said application.
Was scaled back. Have confirmed my allocation through the retail offer website (using ARN, etc).
My understanding is that this allocation won't appear in my broker account's holdings until 1-Dec-2014. So, if I want to sell today through Friday, I have to contact them by phone?
Regards, M.
Garpal Gumnut
Ross Island Hotel
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Re: MPL - Medibank Private IPO
What would you sell your holdings for at 1201 AEDT.
I'm guessing MPL is a pup and will put mine out for $2.54
Just my take.
I reckon I'll buy em back next week for $1.98
Just my take.
Do your own navel gazing and research.
gg
What would you sell your holdings for at 1201 AEDT.
I'm guessing MPL is a pup and will put mine out for $2.54
Just my take.
I reckon I'll buy em back next week for $1.98
Just my take.
Do your own navel gazing and research.
gg
Re: MPL - Medibank Private IPO
How? Do have your allocation in your broker account? Or, do you have an SRN instead? Please elaborate.
M.
How? Do have your allocation in your broker account? Or, do you have an SRN instead? Please elaborate.
M.
Re: MPL - Medibank Private IPO
Sweet spot is 2-7K mark, you get close to full allocation
14K and above is no good ... I applied for 40K I get like 11K
Policy holder got a raw deal there wasn't much more allocated to them.
There should be good demand for it until first result comes out so no reason to
act in a hurry.
Not many business can deliver top line grow in medium term in the current environment
and MPL should be able to do that easily due to business model and government private health insurance incentives so price will hold up well.
With top line growth, you have plenty of room to do things like cut cost, renegotiate hospital payout
and that can drive decent earning, harder to do if you don't have the cash coming in like resource stocks
Sweet spot is 2-7K mark, you get close to full allocation
14K and above is no good ... I applied for 40K I get like 11K
Policy holder got a raw deal there wasn't much more allocated to them.
There should be good demand for it until first result comes out so no reason to
act in a hurry.
Not many business can deliver top line grow in medium term in the current environment
and MPL should be able to do that easily due to business model and government private health insurance incentives so price will hold up well.
With top line growth, you have plenty of room to do things like cut cost, renegotiate hospital payout
and that can drive decent earning, harder to do if you don't have the cash coming in like resource stocks
Garpal Gumnut
Ross Island Hotel
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Re: MPL - Medibank Private IPO
I would expect it to appear in my "Holdings" at 1200 AEDT, with the srn or hin or whatever the hell it's called.. Not before then. It doesn't exist for trading until then. Everyone needs to calm down.
gg
I would expect it to appear in my "Holdings" at 1200 AEDT, with the srn or hin or whatever the hell it's called.. Not before then. It doesn't exist for trading until then. Everyone needs to calm down.
gg
Garpal Gumnut
Ross Island Hotel
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Re: MPL - Medibank Private IPO
Way too many sellers atm.
I might cycle down to the 7/11 for a packet of smokes.
gg
Way too many sellers atm.
I might cycle down to the 7/11 for a packet of smokes.
gg
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Re: MPL - Medibank Private IPO
im sure its out there somewhere but what was the allocation price?
edit n/m 2 bucks I see
im sure its out there somewhere but what was the allocation price?
edit n/m 2 bucks I see
tinhat
Pocket Calculator Operator
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Re: MPL - Medibank Private IPO
My understanding is you will have to phone them if you want to sell before they appear in your online trading account.
My understanding is you will have to phone them if you want to sell before they appear in your online trading account.
Re: MPL - Medibank Private IPO
Well this whole thing is a mess, thought I had $4700 worth, then it was showing about $3600, now im told I wont know my allocation until early December (and any further refund will be done then), apparently you can get these details if you have an ARN, whatever that is?, I applied via the Commsec firm allocation offer so don’t have clue, only been rebated about $300 so far, so will just have to wait and see I suppose.
Pretty poor though, the whole process from the time it was announced this float.
Well this whole thing is a mess, thought I had $4700 worth, then it was showing about $3600, now im told I wont know my allocation until early December (and any further refund will be done then), apparently you can get these details if you have an ARN, whatever that is?, I applied via the Commsec firm allocation offer so don’t have clue, only been rebated about $300 so far, so will just have to wait and see I suppose.
Pretty poor though, the whole process from the time it was announced this float.
Re: MPL - Medibank Private IPO
Yes, allocation won't appear in online trading account until 1-Dec-2014. And can't be traded online before 2-Dec-2014.
My intention was/is to sell said allocation some time this week (subject to suitable price). So will have to do so via phone.
CommSec will trade "your holdings". Provided, that is, that they can "verify" them.
M.
Yes, allocation won't appear in online trading account until 1-Dec-2014. And can't be traded online before 2-Dec-2014.
My intention was/is to sell said allocation some time this week (subject to suitable price). So will have to do so via phone.
CommSec will trade "your holdings". Provided, that is, that they can "verify" them.
M.
Wysiwyg
Everyone wants money
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Re: MPL - Medibank Private IPO
That must be some record for a day? Just shy of 1 billion dollar turnover on this market darling today. Brokers Christmas come early.
Re: MPL - Medibank Private IPO
Ended up being just under $9k shy of $1 billion; pretty amazing to be honest
Ended up being just under $9k shy of $1 billion; pretty amazing to be honest
Craton
Mostly passive, contrarian.
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Re: MPL - Medibank Private IPO
Regarding allocations.
This taken from one of todays company ASX announcements:
25 November 2014
ASX release
MEDIBANK PRIVATE LIMITED SHARE OFFER – PRE-QUOTATION DISCLOSURE
Reads in part:
General Public Offer
Applicants who applied under the General Public Offer have received allocations as follows:
General Public Offer Applicants who did not pre-register who applied for
Receive*
$2,000
The full amount you have applied for
$2,001 to $7,000
$2,000 + 75.00% of your Application within this band
$7,001 to $14,000
$5,750 + 20.00% of your Application within this band
Over $14,000
$7,150 + 5.00% of your Application within this band
General Public Offer Applicants who pre-registered who applied for
Receive*
$2,000 to $2,300
The full amount you have applied for
$2,301 to $7,000
$2,300 + 86.25% of your Application within this band
$7,001 to $14,000
$6,353.75 + 23.00% of your Application within this band
Over $14,000
$7,963.75 + 5.75% of your Application within this band
Policyholder Offer
Applicants who applied under the Policyholder Offer have received allocations as follows:
Policyholder Offer Applicants
who did not pre-register who
applied for
Receive*
$2,000 to $2,300 The full amount you have applied for
$2,301 to $7,000 $2,300 + 86.25% of your Application within this band
$7,001 to $14,000 $6,353.75 + 23.00% of your Application within this band
Over $14,000 $7,963.75 + 5.75% of your Application within this band
Policyholder Offer Applicants
who pre-registered who
applied for
Receive*
$2,000 to $2,600 The full amount you have applied for
$2,601 to $7,000 $2,600 + 97.50% of your Application within this band
$7,001 to $14,000 $6,890 + 26.00% of your Application within this band
Over $14,000 $8,710 + 6.50% of your Application within this band
Employee Offer
Applicants who applied under the Employee Offer have received allocations as follows:
Employee Offer Applicants
who applied for Receive*
$2,000 to $2,600 The full amount you have applied for
$2,601 to $7,000 $2,600 + 97.50% of your Application within this band
$7,001 to $14,000 $6,890 + 26.00% of your Application within this band
Over $14,000 $8,710 + 6.50% of your Application within this band
* The final allocation of Shares will be subject to rounding and application of the Final Price to any
allocation above $250,000.
Broker Firm Offer
Allocations to Applicants under the Broker Firm Offer are at the discretion of their participating broker
who received an allocation of Shares. If you are an Applicant under the Broker Firm Offer, please
contact your broker for information about your allocation.
Applicants under the Broker Firm Offer should note that following the completion of the Bookbuild, the
Commonwealth has undertaken a 20% clawback of Broker Firm Allocations.
Institutional Offer
Allocations under the Institutional Offer were made in accordance with the provisions of the
Prospectus and the Institutional Offering Memorandum.
Successful applicants under the Institutional Offer have been advised of their allocations.
CONDITIONS FOR THE CONDITIONAL MARKET
The conditions for the conditional market as set out in the Prospectus are:
• ASX agreeing to quote the Shares on ASX; and
• successful settlement of the Offer pursuant to the Settlement Underwriting Agreement
(Settlement).
Conditional trading in the Shares will continue until Medibank Private has advised the ASX that
Settlement has occurred, which is expected to be on or about 28 November 2014. If Settlement has
not occurred within 14 days (or such longer period as the ASX allows) after the day Shares are first
quoted on the ASX:
• the Offer and all contracts arising on acceptance of Applications under the Retail Offer and
bids under the Institutional Offer will be cancelled and be of no further effect;
• all Application Payments will be refunded in full (without interest) as soon as practicable; and
• all purchases and sales of Shares made through ASX-participating organisations during the
conditional trading period will be cancelled and be of no effect.
TRANSFER OF SHARES, ISSUE OF TRANSACTION CONFIRMATION STATEMENTS AND
REFUNDS
Shares are expected to be transferred to successful Applicants on Monday, 1 December 2014.
Transaction confirmation statements to successful Applicants and refunds to Applicants who have
applied and paid for shares in excess of their allocation are expected to be despatched by Thursday,
4 December 2014.
INDICATIVE DISTRIBUTION OF SHAREHOLDERS
Number of shares held Number of holders
1 - 1,000 56,370
1,001 - 5,000 285,756
5,001 - 10,000 39,650
10,001 - 100,000 15,265
100,001 and over 418
Total 397,459
INDICATIVE STATEMENT OF THE TOP 20 LARGEST SHAREHOLDERS
No Shareholder Shares % Shares
1 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 201,784,156 7.3%
2 NATIONAL NOMINEES LIMITED 197,566,377 7.2%
3 JP MORGAN NOMINEES AUSTRALIA LIMITED 165,930,189 6.0%
4 CITICORP NOMINEES PTY LIMITED 149,001,471 5.4%
5 UBS NOMINEES PTY LTD 67,667,115 2.5%
6
RBC INVESTOR SERVICES AUSTRALIA NOMINEES PTY LIMITED
41,570,832
1.5%
7
CITICORP NOMINEES PTY LIMITED
39,557,513
1.4%
8
BNP PARIBAS NOMS PTY LTD <DRP>
35,930,322
1.3%
9
UBS WEALTH MANAGEMENT AUSTRALIA NOMINEES PTY LTD
33,625,766
1.2%
10
MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED
32,247,200
1.2%
11
DEUTSCHE SECURITIES AUSTRALIA LIMITED
29,976,379
1.1%
12
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED - A/C 3
28,724,618
1.0%
13
BNP PARIBAS NOMS PTY LTD <AGENCY LENDING DRP A/C>
21,976,744
0.8%
14
CREDIT SUISSE NOMINEES LIMITED
19,287,924
0.7%
15
BELIKE NOMINEES PTY LIMITED <SHARE PLAN A/C>
16,835,344
0.6%
16
BUTTONWOOD NOMINEES PTY LTD
16,744,183
0.6%
17
ARGO INVESTMENTS LIMITED
13,953,488
0.5%
18
BOND STREET CUSTODIANS LIMITED
11,627,906
0.4%
19
CUSTODIAL SERVICES LIMITED <BENEFICIARIES HOLDING A/C>
10,468,949
0.4%
20
MORGAN STANLEY AUSTRALIA SECURITIES (NOMINEE) PTY LIMITED <NO 1 ACCOUNT>
9,674,417
0.4%
Cheers.
Regarding allocations.
This taken from one of todays company ASX announcements:
25 November 2014
ASX release
MEDIBANK PRIVATE LIMITED SHARE OFFER – PRE-QUOTATION DISCLOSURE
Reads in part:
General Public Offer
Applicants who applied under the General Public Offer have received allocations as follows:
General Public Offer Applicants who did not pre-register who applied for
Receive*
$2,000
The full amount you have applied for
$2,001 to $7,000
$2,000 + 75.00% of your Application within this band
$7,001 to $14,000
$5,750 + 20.00% of your Application within this band
Over $14,000
$7,150 + 5.00% of your Application within this band
General Public Offer Applicants who pre-registered who applied for
Receive*
$2,000 to $2,300
The full amount you have applied for
$2,301 to $7,000
$2,300 + 86.25% of your Application within this band
$7,001 to $14,000
$6,353.75 + 23.00% of your Application within this band
Over $14,000
$7,963.75 + 5.75% of your Application within this band
Policyholder Offer
Applicants who applied under the Policyholder Offer have received allocations as follows:
Policyholder Offer Applicants
who did not pre-register who
applied for
Receive*
$2,000 to $2,300 The full amount you have applied for
$2,301 to $7,000 $2,300 + 86.25% of your Application within this band
$7,001 to $14,000 $6,353.75 + 23.00% of your Application within this band
Over $14,000 $7,963.75 + 5.75% of your Application within this band
Policyholder Offer Applicants
who pre-registered who
applied for
Receive*
$2,000 to $2,600 The full amount you have applied for
$2,601 to $7,000 $2,600 + 97.50% of your Application within this band
$7,001 to $14,000 $6,890 + 26.00% of your Application within this band
Over $14,000 $8,710 + 6.50% of your Application within this band
Employee Offer
Applicants who applied under the Employee Offer have received allocations as follows:
Employee Offer Applicants
who applied for Receive*
$2,000 to $2,600 The full amount you have applied for
$2,601 to $7,000 $2,600 + 97.50% of your Application within this band
$7,001 to $14,000 $6,890 + 26.00% of your Application within this band
Over $14,000 $8,710 + 6.50% of your Application within this band
* The final allocation of Shares will be subject to rounding and application of the Final Price to any
allocation above $250,000.
Broker Firm Offer
Allocations to Applicants under the Broker Firm Offer are at the discretion of their participating broker
who received an allocation of Shares. If you are an Applicant under the Broker Firm Offer, please
contact your broker for information about your allocation.
Applicants under the Broker Firm Offer should note that following the completion of the Bookbuild, the
Commonwealth has undertaken a 20% clawback of Broker Firm Allocations.
Institutional Offer
Allocations under the Institutional Offer were made in accordance with the provisions of the
Prospectus and the Institutional Offering Memorandum.
Successful applicants under the Institutional Offer have been advised of their allocations.
CONDITIONS FOR THE CONDITIONAL MARKET
The conditions for the conditional market as set out in the Prospectus are:
• ASX agreeing to quote the Shares on ASX; and
• successful settlement of the Offer pursuant to the Settlement Underwriting Agreement
(Settlement).
Conditional trading in the Shares will continue until Medibank Private has advised the ASX that
Settlement has occurred, which is expected to be on or about 28 November 2014. If Settlement has
not occurred within 14 days (or such longer period as the ASX allows) after the day Shares are first
quoted on the ASX:
• the Offer and all contracts arising on acceptance of Applications under the Retail Offer and
bids under the Institutional Offer will be cancelled and be of no further effect;
• all Application Payments will be refunded in full (without interest) as soon as practicable; and
• all purchases and sales of Shares made through ASX-participating organisations during the
conditional trading period will be cancelled and be of no effect.
TRANSFER OF SHARES, ISSUE OF TRANSACTION CONFIRMATION STATEMENTS AND
REFUNDS
Shares are expected to be transferred to successful Applicants on Monday, 1 December 2014.
Transaction confirmation statements to successful Applicants and refunds to Applicants who have
applied and paid for shares in excess of their allocation are expected to be despatched by Thursday,
4 December 2014.
INDICATIVE DISTRIBUTION OF SHAREHOLDERS
Number of shares held Number of holders
1 - 1,000 56,370
1,001 - 5,000 285,756
5,001 - 10,000 39,650
10,001 - 100,000 15,265
100,001 and over 418
Total 397,459
INDICATIVE STATEMENT OF THE TOP 20 LARGEST SHAREHOLDERS
No Shareholder Shares % Shares
1 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 201,784,156 7.3%
2 NATIONAL NOMINEES LIMITED 197,566,377 7.2%
3 JP MORGAN NOMINEES AUSTRALIA LIMITED 165,930,189 6.0%
4 CITICORP NOMINEES PTY LIMITED 149,001,471 5.4%
5 UBS NOMINEES PTY LTD 67,667,115 2.5%
6
RBC INVESTOR SERVICES AUSTRALIA NOMINEES PTY LIMITED
41,570,832
1.5%
7
CITICORP NOMINEES PTY LIMITED
39,557,513
1.4%
8
BNP PARIBAS NOMS PTY LTD <DRP>
35,930,322
1.3%
9
UBS WEALTH MANAGEMENT AUSTRALIA NOMINEES PTY LTD
33,625,766
1.2%
10
MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED
32,247,200
1.2%
11
DEUTSCHE SECURITIES AUSTRALIA LIMITED
29,976,379
1.1%
12
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED - A/C 3
28,724,618
1.0%
13
BNP PARIBAS NOMS PTY LTD <AGENCY LENDING DRP A/C>
21,976,744
0.8%
14
CREDIT SUISSE NOMINEES LIMITED
19,287,924
0.7%
15
BELIKE NOMINEES PTY LIMITED <SHARE PLAN A/C>
16,835,344
0.6%
16
BUTTONWOOD NOMINEES PTY LTD
16,744,183
0.6%
17
ARGO INVESTMENTS LIMITED
13,953,488
0.5%
18
BOND STREET CUSTODIANS LIMITED
11,627,906
0.4%
19
CUSTODIAL SERVICES LIMITED <BENEFICIARIES HOLDING A/C>
10,468,949
0.4%
20
MORGAN STANLEY AUSTRALIA SECURITIES (NOMINEE) PTY LIMITED <NO 1 ACCOUNT>
9,674,417
0.4%
Cheers.
Garpal Gumnut
Ross Island Hotel
- Joined
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- Posts
- 13,344
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- 9,450
Re: MPL - Medibank Private IPO
Sorry for the late reply.
I have spent some hours in the Stanley St. Watch House for not wearing a bicycle helmet.
At least I got my smokes.
Any retail holders who sell MPL for less than $2.54 are muppets.
The instos need them +++
gg
Sorry for the late reply.
I have spent some hours in the Stanley St. Watch House for not wearing a bicycle helmet.
At least I got my smokes.
Any retail holders who sell MPL for less than $2.54 are muppets.
The instos need them +++
gg
- Joined
- 24 December 2010
- Posts
- 1,154
- Reactions
- 50
Re: MPL - Medibank Private IPO
Hmmm comsec currently showing 481 buyers and 2351 sellers, that can't be right?
Hmmm comsec currently showing 481 buyers and 2351 sellers, that can't be right?
Re: MPL - Medibank Private IPO
http://www.afr.com/Blogs/Opinion_Street Talk
Macquarie Securities took day-one honours in Medibank Private cash equities trading, handling $540 million of the health insurer’s stock for a 20.9 per cent market share.
Macquarie Securities’ institutional desk ran hard late in the day to edge out fellow lead managers Goldman Sachs (18.7 per cent) and Deutsche Bank (14.8 per cent).
The Australian bank’s retail arm did another 1.25 per cent. UBS and Morgan Stanley fared well for banks not on the float, with 14.3 per cent and 7.9 per cent of trade respectively.
Almost 600 million Medibank shares changed hands on Tuesday, with pension funds in the United States and Britain buying early.
Oversea long term fund managers see opportunity while retail quick to cash in 7% profit
http://www.afr.com/Blogs/Opinion_Street Talk
Macquarie Securities took day-one honours in Medibank Private cash equities trading, handling $540 million of the health insurer’s stock for a 20.9 per cent market share.
Macquarie Securities’ institutional desk ran hard late in the day to edge out fellow lead managers Goldman Sachs (18.7 per cent) and Deutsche Bank (14.8 per cent).
The Australian bank’s retail arm did another 1.25 per cent. UBS and Morgan Stanley fared well for banks not on the float, with 14.3 per cent and 7.9 per cent of trade respectively.
Almost 600 million Medibank shares changed hands on Tuesday, with pension funds in the United States and Britain buying early.
Oversea long term fund managers see opportunity while retail quick to cash in 7% profit
- Joined
- 27 December 2010
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- 48
Re: MPL - Medibank Private IPO
ROE, the point you allude to is an interesting one. With 60% held by retail, there is a bit of a feeling that the price may be tempting for the majority to stag the small profit which plays nicely for the insto community (both domestic and apparently international) to increase their weighting.
What I am interested in, is what kind of % proportion of the registers of other large cap Aus companies comprised of retail holders.
A dataset that showed this along with perhaps a timelapse of CBA, QRN (AZJ), TLS after they floated until now would be quite useful in forming an opinion on the market dynamics of MPL going forward.
Not sure how to go about completing this task, perhaps our resident data expert DeepState has some idea?
ROE, the point you allude to is an interesting one. With 60% held by retail, there is a bit of a feeling that the price may be tempting for the majority to stag the small profit which plays nicely for the insto community (both domestic and apparently international) to increase their weighting.
What I am interested in, is what kind of % proportion of the registers of other large cap Aus companies comprised of retail holders.
A dataset that showed this along with perhaps a timelapse of CBA, QRN (AZJ), TLS after they floated until now would be quite useful in forming an opinion on the market dynamics of MPL going forward.
Not sure how to go about completing this task, perhaps our resident data expert DeepState has some idea?
