Originally Posted by
blackcap
Up to $1.61 now. I cannot for the life of me think that the re-rating has happened just because of the Australian Listing?? Anyone else out there venture something different? Because if that is the case, surely there would be a rush to list one's stock on the ASK rather than NZ?
I know Michael Hill have most of their revenues across the ditch so it makes a lot of sense but still, and volumes are huge compared to what they were pre ASX listing.
I see ACC have decided to sell so maybe its some buyers across the ditch purchasing the ACC stake in bundles and things will die down again once that is over?