must be in denial

Well I think the right up in the Australian had it right.
It`s claiming success

There has been a massive transfer of ownership from retail investors to instos. Prior to the placement and entitlement offering retail investors comprised 70 per cent of the share register. That stake has now been halved to 35 per cent. Due to the 80% shortfall on retail offering.
The only sense in which it could be said to be a success is that the fund obtained the full amount of the offering, but that's only because it was underwritten.

So how is the price

In Contrast that with Asciano, issue price $1.10, current price $1.585; Santos, issue price $12.50, current price $14.70; Bluescope issue price $1.55, current price $3.30; GPT issue price 35c, current price 51.5c; Suncorp issue price $4.50, current price $7.25; and FKP issue price 40c, current price 58c. In claiming success,
HDUF must be in denial.

Shark

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There is a saying..Now we`re cooking with gas