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  1. #1001
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    Quote Originally Posted by Scrunch View Post
    Huge volumes in the end of May readjustments for FBU. $290m (83m shares) traded today. With a market cap of $2.89b that's 10% of the company!! The 5-year direct broking chart indicates no other day has been above 15m shares so this is way bigger than normal, even for the end of month/quarter readjustments. I wonder if its just insto's doing their readjustments on steriods or something more interesting?
    Up more than 5% on ASX y'day to close at 3.55 AU which is about 3.83 NZ, see if it gaps up on open here today...

  2. #1002
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    Whats caused the bump today?

  3. #1003
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    Quote Originally Posted by tim23 View Post
    Whats caused the bump today?
    Like THL, post MSCI selldown rebound back towards $4 at least imo. Probably helped too by less pessimistic economic forecasts by the banks.

  4. #1004
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    Quote Originally Posted by Balance View Post
    Like THL, post MSCI selldown rebound back towards $4 at least imo. Probably helped too by less pessimistic economic forecasts by the banks.
    And the prospect of an early move to Level 1 restrictions for business.

  5. #1005
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    Quote Originally Posted by sb9 View Post
    Up more than 5% on ASX y'day to close at 3.55 AU which is about 3.83 NZ, see if it gaps up on open here today...
    Closed on ASX at A$3.38 or NZ$3.87 - Aussies more positive than NZ? Seems to be the story these days with dual listed stocks?

  6. #1006
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    Quote Originally Posted by Balance View Post
    Like THL, post MSCI selldown rebound back towards $4 at least imo. Probably helped too by less pessimistic economic forecasts by the banks.
    Seem to be moving in a nice solid uptrend gaining few cents each day, my short to medium term pick is for sp to be around mid to high $4 mark...

    Quote Originally Posted by Balance View Post
    Closed on ASX at A$3.38 or NZ$3.87 - Aussies more positive than NZ? Seems to be the story these days with dual listed stocks?
    Does seem that way, isn't it?

  7. #1007
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    Quote Originally Posted by Balance View Post
    Closed on ASX at A$3.38 or NZ$3.87 - Aussies more positive than NZ? Seems to be the story these days with dual listed stocks?
    There was a report on Livewire a few days ago comparing James Hardie's performance against the other ASX listed building related stocks like FBU, Boral, CSR and a couple of others. IIRC, the report pointed out that relative stock price movements meant that you could then buy the non-JHX basket of earnings about 60% cheaper than JHX. BLD and CSR have also rallied sharply at the same time as FBU whereas JHX has only moved a little bit since then.

  8. #1008
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    Quote Originally Posted by traineeinvestor View Post
    There was a report on Livewire a few days ago comparing James Hardie's performance against the other ASX listed building related stocks like FBU, Boral, CSR and a couple of others. IIRC, the report pointed out that relative stock price movements meant that you could then buy the non-JHX basket of earnings about 60% cheaper than JHX. BLD and CSR have also rallied sharply at the same time as FBU whereas JHX has only moved a little bit since then.
    Good observation, trainee investor. 👍

    It concerns me that we may have yet another NZX company like ATM, SKO & XRO where the sp is driven out of the ASX.

  9. #1009
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    Quote Originally Posted by sb9 View Post
    Seem to be moving in a nice solid uptrend gaining few cents each day, my short to medium term pick is for sp to be around mid to high $4 mark...
    Closed up on ASX again above NZX today - $3.95.

  10. #1010
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    Quote Originally Posted by Balance View Post
    Closed up on ASX again above NZX today - $3.95.
    Should be knocking on $4 handle tomorrow barring big down day on US markets.

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