Tuesday, October 24, 2006

Japan Shuns T3

It was announced that as part of the $A8bn float, a public offering without listing has been conducted in Japan for 120 million shares. This is falling short of the initial target of $A500m. Why would Japanese investors want to get in on a company that has a lot of risk longer term when they have suitable shares within their own exchange.

Seems like the government might have trouble hitting its targets as the majority of Mum and Dad investors are shunning this float. After already being burned by Telstra and the current public perception of Telstra it is amazing they are able to sell even half of the issue.

Good Luck Investing

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