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23-01-2019, 07:30 AM
#12091
Originally Posted by Snow Leopard
Couple of posters looking at the world through their Kiwi inferiority goggles .
Need to leave your emotions behind when you are doing your TA as much as you do with your FA.
Kiwi inferiority on NZX vs ASX is a fact, not an opinion!
Kiwi stocks decamp to ASX - not the other way round.
NZ companies like Air NZ, Fletchers, Warehouse, Tower, Telecom, Pumpkin Patch etc expand into Australia by acquisitions and get their backsides kick back into NZ, nursing multi-billion dollar losses!
Soon ATM will go the same way as Xero to ASX only listing, and NZX will still be navel gazing in puzzlement, seeking for that 'multiple options for growth' as articulated by Harmos & Weldon (2012)!
Last edited by Balance; 23-01-2019 at 08:25 AM.
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23-01-2019, 11:27 AM
#12092
exit seems to be panning out at the moment waiting to see if the range stays in tact
one step ahead of the herd
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23-01-2019, 12:34 PM
#12093
Originally Posted by bull....
exit seems to be panning out at the moment waiting to see if the range stays in tact
All my shares (except TRA) have red down arrows next to them today and ATM is holding up better than the rest.
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23-01-2019, 01:24 PM
#12094
Junior Member
If and when it does go to ASX what happens to the shares people hold on NZX are they transferred or do they just get payed out?
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23-01-2019, 02:11 PM
#12095
Originally Posted by smiley
If and when it does go to ASX what happens to the shares people hold on NZX are they transferred or do they just get payed out?
They just get transferred much like XRO.
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23-01-2019, 03:27 PM
#12096
Originally Posted by mondograss
They just get transferred much like XRO.
And the share generally rises faster than if on nzx/asx
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23-01-2019, 04:08 PM
#12097
Originally Posted by Ggcc
And the share generally rises faster than if on nzx/asx
XRO SP on the ASX currently trading in the $A42/43 range.....Which is where it was in NZ back in 2014.
Sure, while XRO briefly nudged $A52 on the ASX, it's shift to the ASX has hardly been a raving vindication of the move.
Lastly any move by ATM to list only the ASX is pure speculation. Is there any hard evidence to support this?
Last edited by Leftfield; 23-01-2019 at 04:10 PM.
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23-01-2019, 04:12 PM
#12098
Originally Posted by Left field
XRO SP on the ASX currently trading in the $A42/43 range.....Which is where it was in NZ back in 2014.
Sure, while XRO briefly nudged $A52 on the ASX, it's shift to the ASX has hardly been a raving vindication of the move.
ASX listing probably helped Xero heaps in raising that US$300m not that long ago
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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23-01-2019, 04:17 PM
#12099
Originally Posted by Left field
XRO SP on the ASX currently trading in the $A42/43 range.....Which is where it was in NZ back in 2014.
Sure, while XRO briefly nudged $A52 on the ASX, it's shift to the ASX has hardly been a raving vindication of the move.
Lastly any move by ATM to list only the ASX is pure speculation. Is there any hard evidence to support this?
Unfortunately I think the move is inevitable due to the size of the ASX and the increasing Aussie shareholder base, the NZX is a dying market.
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23-01-2019, 04:33 PM
#12100
Originally Posted by Left field
XRO SP on the ASX currently trading in the $A42/43 range.....Which is where it was in NZ back in 2014.
Sure, while XRO briefly nudged $A52 on the ASX, it's shift to the ASX has hardly been a raving vindication of the move.
Lastly any move by ATM to list only the ASX is pure speculation. Is there any hard evidence to support this?
Xero moved to ASX on 5 Feb 2018. Sp then was A$31. Now it is A$42.49 = 37% increase.
Resounding raving vindication vs if on NZX, probably down 35%.
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