Medibank Private offer - anyone in?

[Warks]

The share offer for Medibank Private opens today apparently. I was going to buy some for the SMSF.

I'm guessing it's going to be pretty popular. What do you think? Worth it?

 

[kpc]

I'm in 2 minds....basically for MP to be profitable, it needs to minimise claims which is against both my professional and personal ethos.

 

[Cynicor]

I'm in 2 minds....basically for MP to be profitable, it needs to minimise claims which is against both my professional and personal ethos.

Or continually raise premiums whilst maintaining membership level, via good marketing.

They can also minimise extras claims and cover for such bunk as naturopaths and homeopathy.

But I do agree with you in general sentiment!

 

[kelvedon]

I thinking about it, but only to Stag it. I reckon the Gov. would find a premium on the float price politically popular. Any thoughts?

 

[Pushka]

Share market has been down recently. That's put a dampener.

 

[ashleyn]

The share offer for Medibank Private opens today apparently. I was going to buy some for the SMSF.

I'm guessing it's going to be pretty popular. What do you think? Worth it?

I'm in, hopefully another Telstra

 

[Cynicor]

T1, t2 or t3

 

[defurax]

I just submitted my application. I have to admit I didn't read the 204 page prospectus!:shock:

 

[basso]

I thinking about it, but only to Stag it. I reckon the Gov. would find a premium on the float price politically popular. Any thoughts?

I should check, but is it likely to be in any indexes where funds are going to have to go around buying shares to keep their portfolios aligned?

 

[kelvedon]

I should check, but is it likely to be in any indexes where funds are going to have to go around buying shares to keep their portfolios aligned?

I would have thought that as the biggest player in the health insurance market, most funds would have to own a portion to balance their portfolio, and if oversubscribed, would have to buy after the float.

 

[amaroo]

We're all in (+ 30% member bonus) via SMSF

 

[cove]

I heard UBS had demand of 1 billion shares so it seems folks want it for a long term investment. With this type of demand (despite not knowing the final issue price) you should expect to get your application scaled back so multiple names would get you closer to what you want.
At $2 the price/value might be a bit dubious but in a bull market there will be buying from folks who get heavily scaled back.

 

[whatmeworry]

Price they want will be too high.
Not really happy they are privatising such a profitable asset and also unhappy the CEO's pay will increase 3 fold.
Will probably change my cover because of this.

 

[Warks]

We got NIB shares when they demutualised (or whatever the expression is). I was surprised to see they have doubled in value, or thereabouts, since listing. It's hard to be a booster for the share price of a health fund when you are a member as it means they are charging more and paying out less.

When I went through the process of looking at ordering Medibank shares it stopped dead when I indicated I used Commsec. It then gave me their phone number? I must log into Commsec and see if I can do it from there. Doesn't make sense that I have to call someone.

 

[JohnK]

Not in.

Still upset the government is looking for quick profit on a profitable business. Looks like CBA, Telstra, SYD airport all over again.

 

[Pushka]

Not in.

Still upset the government is looking for quick profit on a profitable business. Looks like CBA, Telstra, SYD airport all over again.

And CBA was good for people who purchased. TLS was good for us but only because we bought in about two years ago.

 

[Ghostdunks]

For those who are buying into the IPO for their SMSF and are eligible medibank policyholders, how do you fill in the application form so that the shares will be under the SMSF name? Is it just a case of specifying the ARN(application reference number) which will identify the applicant as applying under the policyholder arrangement but then putting the name of the application for the entity to hold the shares as the SMSF?


For example, I'm an existing policyholder with Medibank and I have an ARN from pre-registering for the prospectus as an existing policyholder. I also have a SMSF called "Family Superfund" with a corporate trustee called "Family Capital Pty Ltd". Also, I have a family trust called "My Investment Trust", also with a corporate trustee called "My Company Pty Ltd". Am I right in thinking that I can make IPO applications under three different entities, with one of them getting the benefit of me being an existing policyholder, depending which one I specify as using the ARN, and the other applications just applying under the general offer to public?


ie.
Entity 1: as an individual
Entity 2: as SMSF, shares held by Family Capital Pty Ltd as trustee for Family Superfund
Entity 3: as family trust, shares held by My Company Pty Ltd as trustee for My Investment Trust

 

[JohnK]

And CBA was good for people who purchased. TLS was good for us but only because we bought in about two years ago.

Good for individuals but not good for the people.

They were cash cows that were sold off cheaply.

 

[Cossie]

There is talk of court action to try and stop the sale, I was told this when visiting an office recently, I don't know any further details.

I will put in to buy as a member. Then if it is sold, I'll probably change funds as I doubt their ability to stay 'member' focused as opposed to chasing the bottom line and granting nice big hefty bonuses for the ceo and the like.

 

[cove]

I did four applications.