GBST – Australia’s largest provider of securities transaction processing
! June 30, 2005 !
Hard-To-Get shares in GBST Holdings, the largest independent provider of securities clearing systems in the country, have given their owners very handy profits indeed of up to 30 per cent.
Underwritten by ABN Amro Corporate, the scrip was rationed out to fewer than 700 folk and the desired spread was achieved, with most of them holding fewer than 10,000 shares.
The float shares were handed out at $1 and on Tuesday, the first day of listing, they closed at $1.205 while yesterday they hit $1.30.
GBST in my opinion is a strong buy and you should be quick, ill be buying come monday, these are tightly held and there are very few sellers.
GBT is a highly scaleable, 'repat business' (click, click, click 24 hours 7 days, 365 days etc... business operation with an effective Proven safe model of business operation, with Mangement IMO.
Look to see 100%+ in 12 months is my prediction p.s this is not advice just my opinion.