Bidders snarl over Telstra 2 secret ballot

Article Abstract:

Telstra Corporation Ltd. has issued a tough and restrictive institutional bookbuild, the Telstra 2 share offer. Fund managers, upset by the bidding rules, expect the final issue price for Telstra 2 to be between $7.75 and $7.85. Telstra 2 float coordinators have warned fund managers that successful applicants will bid above the current share price. The federal government has instituted the Greenshoe system, whereby the stock price does not decrease after the float.

COMMUNICATION, Investment advice, Investment Advisory Services, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Listing & Registration, Statistical Data Included, Laws, regulations and rules, Economic policy, Beliefs, opinions and attitudes, Investment advisers, Institutional investments

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Telstra mixed signals

Article Abstract:

The instant bounce in Telstra's share price after the departure of chairman Bob Mansfield shows the stock marketEs pent-up frustration towards the telecommunication stock. Deutsche Telecom is the best-performing stock because of it's increasing revenue, with more than 70% of growth from international mobile operations, which explains Telstra's fixation with Indonesia.

Telephone Communication, Management dynamics, Securities issued, listed, Management, Communications industry, Company business management, Company securities

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Peer and profit pressure sends Telstra reeling

Article Abstract:

There has been large-scale selling of shares in Australian telecommunications firm Telstra. Many analysts believe that the company's share price could drop to A$7.

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