Company Report
Last edited 2 months ago
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Performance (49m)
4.6% pa
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#Barranjoey SPP
Added 2 months ago

One of my main reasons for investing in MFG was the holding in Barranjoey, although admittedly I got in too early at ~$19/share. But now that the merger is on, I've got a question for those who've been on the institutional side of these things. The SPP is priced at $8.45. The stock closed Friday at $10.12, which if that holds, is an instant 20% return. I know that the SPP will be oversubscribed and I'll get scaled down (if I participate) but just wondering if people have some interesting history/perspective of the downsides to a seemingly free money play like this.