It also depends who is behind the float, how sticky investors are etc. I do not remember who was the lead manager of TNT IPO... FZI had Alto which is renown for decent books, investors sricking to the stocks and working along the business to make it work for both the compsny and the shareholders. I do not think there was any post flost support from the lead brokerat all. IPO investors had only one opportunity to make money and exit without losses. On the first days of IPO. I do not think even directors bought any decent parcels at these prices. No confidence at all. How we can expect the market to buy into TNT? Only a decent deal will move the sp back to IPO levels..
TNT Price at posting:
6.0¢ Sentiment: Sell Disclosure: Held
