TIL - Trilogy [formerly ECO - Ecoya]

[percy]

Good to get some new blood on-board

http://www.grandeurpeakglobal.com/

Certainly is.

[stoploss]

That's not entirely true, if sellers were that keen the price would drop accordingly(Providing liquidity) plenty of crafty buyers out there trying to get a bargin, trading in a 3c range for the day(On market) is hardly a dive. Upon the ASX listing either BWX is going to take a healthy correction or Trilogy is going to move toward it's current price, I'm picking the latter. Disc-Bought today at $3.88.

Certainly a lot keener today -12 while BWX still positive . Offer side stacking up , very few bids loaded in the system .

[boysy]

Not a great day but the loss was lowered at the end of the day following the market down 1.3%. Variance to BWX continues to widen let's see how the aussies are feeling this Friday.

[stoploss]

Not a great day but the loss was lowered at the end of the day following the market down 1.3%. Variance to BWX continues to widen let's see how the aussies are feeling this Friday.

Hope that truck isn't going over its weight limit

[sb9]

Not a great day but the loss was lowered at the end of the day following the market down 1.3%. Variance to BWX continues to widen let's see how the aussies are feeling this Friday.

Certainly seems as though one or two keen sellers kept the offers coming at all bids...

[trader_jackson]

Not a great day but the loss was lowered at the end of the day following the market down 1.3%. Variance to BWX continues to widen let's see how the aussies are feeling this Friday.

In TIL's defense (yes... surprise, surprise) the entire NZX was "not to flash" today so I wouldn't be taking to much from today's decrease, although I did note there were a few stocks with a sudden jump at the end (HBL , and TIL, to an extent)

Also interesting that the lack of buyers continues (although, again, not taking to much from buy/sell orders)

Friday is certainly shaping up to be interesting... as boysy points out the variance to BMX continues... has anyone considered the thought that maybe the Aussies like BWX's growth prospectus and financial health more? (or at least believe this, and hence happy to pay a higher, although not terribly higher, premium?)

You'd think if it was as simple as a re-rating there'd be lots of Aussie institutions (and, well, everyone) buying in now, in anticipation of a big pop this Friday ... must be missing something regarding this whole ASX listing

[Blendy]

HI all, this might be a dumb question, so apologies in advance. How does the ASX listing work - is this a dual listing where somehow the trading activity in both Australia and NZ are linked so that simultaneous trades occur on both markets, and the currency is adjusted accordingly all live?

[boysy]

It's clear one institution is selling out while another appears to be buying in. Will be interesting to see if additional liquidity will enable the big seller to finish dumping shares in the short term, and if Aussie institutions will now buy in following the asx listing (I believe the co or pie funds mentioned some Aussie investors were keen to buy in but were limited as the company was not listed on the asx). All in all quite a fall of late but the metrics are tempting and have fallen back to realistic valuations assuming next to no growth over the short term.

[BlackPeter]

HI all, this might be a dumb question, so apologies in advance. How does the ASX listing work - is this a dual listing where somehow the trading activity in both Australia and NZ are linked so that simultaneous trades occur on both markets, and the currency is adjusted accordingly all live?

Sorry - no synchronised trading with simultaneous currency exchange

These are two separate independent markets - however the shares can be transferred (i.e. you can transfer dual-listed shares from the NZX to the ASX or vis-versa).

And this is basically the mechanism to keep the trading in sync. While the process to transfer these shares is somewhat tedious for retail investors (though it is possible) ... it does pay for organisations specialising in arbitrage.

If they discover a material difference price difference, they might buy the cheaper stock and short the dearer stock in the other stock exchange. They can than close these positions by transferring the shares across the ditch ...

[winner69]

In TIL's defense (yes... surprise, surprise) the entire NZX was "not to flash" today so I wouldn't be taking to much from today's decrease, although I did note there were a few stocks with a sudden jump at the end (HBL , and TIL, to an extent)

Also interesting that the lack of buyers continues (although, again, not taking to much from buy/sell orders)

Friday is certainly shaping up to be interesting... as boysy points out the variance to BMX continues... has anyone considered the thought that maybe the Aussies like BWX's growth prospectus and financial health more? (or at least believe this, and hence happy to pay a higher, although not terribly higher, premium?)

You'd think if it was as simple as a re-rating there'd be lots of Aussie institutions (and, well, everyone) buying in now, in anticipation of a big pop this Friday ... must be missing something regarding this whole ASX listing

Growth comments - maybe aussies see BMX growth as 'real' ...that fund manager who wouldn't buy TIL said that their growth was being buoyed by acquisition and that underlying skincare/candles was less spectacular

Never mind Aussies will wake up on Friday