Investing in SP Ausnet

• shade343

  21 Nov 05, 21:37

  According to the prospectus, SP Ausnet is projecting a yield of 7%-8%. Shares are price at a maximum of $2 and it will be listed on SGX and ASX. Given the rise in FD and interbank rates, would this yield be sufficient in attracting investors? Also, there seems to be a dispute between SP Ausnet and a unit of Hong Kong-listed CLP Holdings. Dont forget that, you are playing with A$ also...
  
  So would you consider investing in it?
  
  
• shade343

  23 Nov 05, 13:32

  Take note that 1 SP securities consist of 3 shares.
  
  1 affected, whole securities affected.
• shade343

  23 Nov 05, 13:48

  So far, any takers?
• shade343

  23 Nov 05, 23:08

  GOOD NEWS!
  
  SP AusNet IPO seen priced at lower end of range
  
  SINGAPORE Power subsidiary SP AusNet's initial public offering could be priced at the lower end of $1.68 to $1.70 as investors demand higher yield for the foreign exchange risk and the novelty of the business, market players say. SP AusNet launched its $2 billion IPO on Nov 19, pricing it between $1.64 and $2. The offer closes on Dec 6. One banker said he believes Singapore investors have subscribed in full for the placement portion on condition that the yield is in the high sevens.