SWP's back said:
samharris said:
Really...could we see a crash ??
Down nearly 4% the first day the underwriters have stopped buying them all up. I can't see it rebounding any time soon.
Why would it [they]?
The shares wont be paying a dividend anytime soon, so you end up investing capital into something that is depreciating - absolute zero return, even worse your capital that you would have invested is worth less.
I can't believe anyone would have been so stupid, maybe thats why they floeated in the US?
Will be interesting to see how they fare should they have a bumpy start to the season, most sensible investors (that have been stupid enough to buy them) will bail out and cut their losses.