Company Report
Last edited a month ago
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#117
Performance (48m)
6.3% pa
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#Barranjoey SPP
Added a month 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.