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MPL - Medibank Private

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Re: MPL - Medibank Private IPO

I'm guessing it's worth a flutter in the SMSF, but i've been burnt before.
 
Re: MPL - Medibank Private IPO

Very interested to see how this turns out. I think with the high demand from Government IPO's in the past it will Open at $1.95-$2. Close the day out hopefully $2+. The amount of advertising for this it seems that every time the Tv is on I see the Ad. Personally I opted for some, how much I will get though, who knows.
 
Re: MPL - Medibank Private IPO


There is a lot of cash on the sidelines, it will be interesting to see how it goes.
I don't think it will encourage any new investor, mum and dads.
Too many burnt fingers with Telstra, River City Motorway, Connect East etc.lol
 
Re: MPL - Medibank Private IPO

sptrawler said:
There is a lot of cash on the sidelines, it will be interesting to see how it goes.
I don't think it will encourage any new investor, mum and dads.
Too many burnt fingers with Telstra, River City Motorway, Connect East etc.lol
Click to expand...

No, not all IPO's deliver the goods. On the other hand, those of us old enough to remember the likes of CBA, WOW etc have plenty of balm for any burnt fingers along the way.

 
Re: MPL - Medibank Private IPO

oldblue said:
No, not all IPO's deliver the goods. On the other hand, those of us old enough to remember the likes of CBA, WOW etc have plenty of balm for any burnt fingers along the way.

Click to expand...

You can add CSL to that list, oldblue. One of the most profitable government IPOs in history, I imagine, if you bought in from the float and have held since.

I've been ploughing my way through the prospectus and looking at the financials. To be honest, I'm not sure how helpful the historical financials are to looking forward, as there is a fair degree of volatility in the NPAT earned by Medibank Private over the past few years.

The forecast profit seems reasonably healthy for FY 2015, but I'm not keen on the limited visibility on earnings going forward.

It's also worth remembering that private health insurers essentially need to have their health premiums set by the government of the day, so there is a fair degree of government regulation on this company.
 
Re: MPL - Medibank Private IPO

Ah well.

I'm in... almost too late.
 
Re: MPL - Medibank Private IPO

UMike said:
Ah well.

I'm in... almost too late.
Click to expand...

I had per-registered as a policy holder and applied for my shares this morning. I think I missed out though - as I paid by direct debit, but they said they won't take the money out until the next business day.

I called the info line to see if I could cancel and buy another way and she said I would just have to wait and see. It doesn't sound like they were going to do a DD for those applications received today.

I guess the last day for applications was really yesterday then.
 
Re: MPL - Medibank Private IPO

Joining the club.
My speculation for MPL is $1.95 for retail investors.
History not allways repeat. Success of CSL and CBA did not repeat for TLS tranche 2. People back in CBA days were not so keen and market was very much unsaturated It is very different for MPL.
I would be happy to unload my allotment if there is a little rise in price after opening. I am confident to get allotment at least 75% from scaling down being a small investor.
Time will tell if my speculation was right
 
Re: MPL - Medibank Private IPO


I'm quite sure You'll be OK. I usually try to transfer the funds a few days before also but am sure I have done one or two on the day and been OK.

I Bpayed this time Seemed to go across instantly.


It'd have to be over $2 for there to be any scaling down. imo.
 
Re: MPL - Medibank Private IPO


I hope so. But the money is still in my account, so it looks like they haven't taken it out, which means I missed the deadline

Annoying that I couldn't cancel and try to pay another way.
 
Re: MPL - Medibank Private IPO

Commsec seems to have an indication of units allocated in my account and refund in my trading account. I thought the final price wasn't settled until Thursday.
 
Re: MPL - Medibank Private IPO

boofhead said:
Commsec seems to have an indication of units allocated in my account and refund in my trading account. I thought the final price wasn't settled until Thursday.
Click to expand...
25th November. What is the final price gonna be?

 
Re: MPL - Medibank Private IPO

boofhead said:
Commsec seems to have an indication of units allocated in my account and refund in my trading account. I thought the final price wasn't settled until Thursday.
Click to expand...

Yes, me too, I looked in my account and was like, what the heck! Think it’s the scale back, I applied for the full $5K and they have sent back $296, so I am getting $4704 worth at whatever the price is.

My guess is Comsec had a dollar amount to offer to clients, nothing to do with them having any idea of final price.

Was expecting a scale back and what ive got I can’t really complain about, only a few hundred $ less of what I had wanted, so happy with that.
 
Re: MPL - Medibank Private IPO


I believe you are right. They have taken the money from your application and will allocate the no of shares when they get. Good thing is regardless the price comes, you would get firm allotment. So enjoy until 25 Nov and I will enjoy my birth day then as well
 
Re: MPL - Medibank Private IPO


I did the same as you (applied on 14 November). Money was taken out of my account on Monday, 17 November. We wouldn't have been on our own - I think a lot of retailer investors would have waited to the last day to apply, so it wouldn't have made sense (and it would have been bad PR) for the Government to reject our applications because the direct debit was processed on the next business day, even though they did say quite clearly that payment had to be made before the application was accepted.

Story in the AFR this morning indicates that some institutional bidding has been as high as $2.25 per share.
 
Medibank value could hit $6.3bn, as float demand pushes up price range

THE federal government has increased the indicative price range for the Medibank Private IPO, driven by strong demand from institutional investors.
The indicative price range was initially set at $1.55 to $2.00 per share, but now has been increased to $2.00 to $2.30 each, Finance Minister Mathias Cormann said, amid the three-day book build.

The increase values Medibank up to as much as $6.33 billion, based on $2.30 per share.

“Very strong demand from domestic and offshore institutional investors has led the government to increase the indicative price range for the Medibank Private share offer,” Senator Cormann said.

It is understood that at least 300 institutional investors are vying for shares in Medibank.

The final price will be determined by the book build, which closes tomorrow.

Retail investors have been guaranteed that they will not pay more than $2.00 per share.

The government expects to announce the final price and the allocation of shares by next Tuesday.



http://www.theaustralian.com.au/bus...27918322?nk=d88e0cbe889f8c17dc8619259c939c54]
 
Re: MPL - Medibank Private IPO


Can you apply and get double allocation? I.e with both Comsec as well as applying directly with medibank as a policy holder?
 
Re: MPL - Medibank Private IPO

bentley88 said:
Can you apply and get double allocation? I.e with both Comsec as well as applying directly with medibank as a policy holder?
Click to expand...

Yes and I did that.
Too late now as the closing off was on Friday at midnight.
 
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