jonherries:grant_k:Byrned: If you're serious about investing, it isn't about what happens on listing day, but where you see the company going in the long term, how that will effect the long term share price, and most importantly, what the dividend return is.
But in answer, yes, I plan to buy what I can get my hands on. The offer of the incentive and the likely dividends are what's attracting me.
I have the same idea, to buy as much as I can get my hands on. Some info. I have seen suggests that applications over $10k are likely to be scaled. So my wife and I will definitely be putting our hands up for at least $10k each. I just picked up some Sky TV shares for $4.85 as they are another stock which offers a good dividend yield.
The interesting thing to me about this was the news that NewsCorp are selling their holding. This should depress the share price (I heard they were selling at a 10% discount to Fridays price) and you could get more for your money? I do agree that Sky TV have some good underlying fundamentals which means they are close to a monopoly, which means good returns as long as they are efficient.
The shares traded down to $4.84 this morning, but have now shot back up to $4.95 as some large buy orders were placed on the market. I have kept some cash aside to buy more SKT if there is further price weakness, but with this stock having paid 54cps in dividends last year, that is probably not going to happen. 54cps on a $4.95 share price equates to 10.9% yield after tax, and that is not too easy to find without taking on a lot more risk!