Originally Posted by
simla
To be fair, I'm not convinced that any decisions by the NZX would have changed the reducing volumes. Rogernomics / Reagonomics/ Thatcherism basically meant that any country with money (eg US, UK) could buy out the best assets in any country and then demand ongoing rent. Just look at how much money flows out of NZ to the Aussie banks alone. This has meant NZ has become a poorer and poorer country over the years despite the headline claims by politicians. Nobody even reports the balance of payments any more because it is never good, now we only talk of the balance of trade. How does a local exchange do well when everyone in the country is getting poorer?
And I'm just trying to figure out whether the company can itself make profit anyway if they remain keen and alert. A merger may well be logical and still profitable for shareholders in the circumstances, for example.