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Tuesday 27 September, 2011
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Top Story
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Hanking prices $148 million IPO at bottom
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With Hanking's bookbuilding coinciding with a significant sell-off in mining stocks, institutional demand for the iron ore producer isn't strong enough to allocate but a small portion of the greenshoe, sources say.
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By Anette Jönsson |
27 September 2011
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Poll
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How should we interpret the move by Warren Buffet’s Berkshire Hathaway to buy back its own stock?
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• Positive – he doesn’t anticipate a big recession that will create lots of buying opportunities in other companies
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• Negative – he doesn’t see value elsewhere
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• As an early Christmas present for Berkshire's shareholders
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