AMP 0.47% $1.08 amp limited

retail offer short $380 million, page-2

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    re: retail offer short 380 million-quiz Now here is something to think about for the combined wisdom of HC.

    UBS Waburg were underwriters to this raising upto $500 million of which it now appears they will be left holding $380 million.

    Although it still ha to be confirrmed, it would appear only 30,000 of the 690,000 AMP retail investors took up the offer.

    On Thursday / Friday it appears the arbitragers rushed to cover their positions when news of the shortfall appears to have leaked around.

    But now, instead of lots of small investors holding $5000 parcels of stock being the beneficiaries of an average issue price less discount it looks like UBS Warburg with one bloody great block could be the benificary.

    So - the question is - who can guess what the share price will do during the price setting period starting next week?

    And Why?
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