I think the results are good but they're only in line with what was previously announced. I'm in and staying in but don't expect we'll see much movement today on the back of these.... I'm content but don't think there'll be any soaring. Very happy to be proved wrong though.
I think its the old fashioned case of "sink or swim" tomorrow.
If they were 100% factual/honest in the IPO documents, we shouldnt be in for many negative surprises. If on the other hand theres a nasty surprise, no amount of future dividend references will make a difference.
This INFINIS should be on everyone's radar tomorrow with their Profits Results out. Surely this will rise at least 5% tomorrow or £3 a share would be great which is still 10p less than the top of the IPO range.
It’s an interesting situation. The IPO was came in at the lowest end of the price range 260-310 and yet we were given to believe the IPO was oversubscribed (otherwise why would they ration the allocation for initial purchases over £1,000). I can only assume Barclays are still acting as a stabilization manger using up a portion of their 13 million shares. Having said that, there has been a distinct lack of volume today so Barclays would not have had to intervene. There are no broker views as yet so it won’t be high on many investors radar but you would have thought as one of the few recent IPO’s, the market would still be watching and waiting for an opportunity. Anybody any ideas on the stall on the sp?
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