No in terms of being able to use the franking credits.
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The only differences I can see are liquidity (much more volume going through on the ASX) and trading times ...
All other things are equal - hey, it is the same share after all :);
I've been burned by Telstra. Only a small holding bought for yield quite a while back, and so yeh I've lost capital on this. Hard to understand the original decision now but at this point I've decided to bottom drawer it and get the yield I was happy with back then. I have however held back from doubling down as realistically it is hard to see how this monster will re-invigorate itself.
The value on the nzx will fluctuate with exchange rate though. You experience the same exchange rate risk in a slightly different way. I.e. if you buy on the nzx and the nzd strengthens, all things being equal your shares lose value as the company is valued in aud.
Its very difficult to have the faith that Penn is asking for when the numbers seem to just get worse and worse
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