dont think your be making much profit at the moment last week news killed the rally i reckon heading south for the foreseeable future support 26 looks like
Why is it such bad news listing only on the ASX from a SP perspective?
And on this, Brian Gaynor said: "Two of its biggest problems are the huge amount of off-market trading and the dominance of one broker. The NZX needs to address these issues immediately if it wishes to boost the integrity and long-term viability of the New Zealand sharemarket" but did not identify the broker. Would anyone know who that broker be?
Actually the relevant point was that NZX listed securities don’t count towards free float liquidity for the purposes of the ASX All Ords Index. So despite having a bunch of shares being traded on the NZX they aren’t considered to be liquid at all from the ASX perspective so Xero’s weighting and for that matter eligibility for the All Ords (and any other relevant ASX index) is handicapped by the NZX shares not being counted. Delisting off the NZX adds all of the current NZX cap so the big Australian Passive Funds (awash with Super) have to index up once it joins the All Ords and the analysts will research and follow the stock.
Market Capital raisings are easier because the share is followed... you get the drift. It’s inevitable without reform or the NZX offering to be swallowed into the ASX.
Actually the relevant point was that NZX listed securities don’t count towards free float liquidity for the purposes of the ASX All Ords Index. So despite having a bunch of shares being traded on the NZX they aren’t considered to be liquid at all from the ASX perspective so Xero’s weighting and for that matter eligibility for the All Ords (and any other relevant ASX index) is handicapped by the NZX shares not being counted. Delisting off the NZX adds all of the current NZX cap so the big Australian Passive Funds (awash with Super) have to index up once it joins the All Ords and the analysts will research and follow the stock.
Market Capital raisings are easier because the share is followed... you get the drift. It’s inevitable without reform or the NZX offering to be swallowed into the ASX.
looks like you still can get asx index inclusion if your prepared to do the work as fisher an pakel healthcare has done if you read the article above think thats what it says.
So xero cant be bothered doing the work? in a hurry for some reason anyway agree still fundamental issues with the nzx and brokers
I'm personally disappointed by the decision to back away from NZX. NZ needs to be growing our own and not depending on ASX. Will it work for XRO holders? Who knows, but it's going to be interesting watching this pan out in the years ahead.
I'm personally disappointed by the decision to back away from NZX. NZ needs to be growing our own and not depending on ASX. Will it work for XRO holders? Who knows, but it's going to be interesting watching this pan out in the years ahead.
think a lot of nz private investors might sell as they might not want to invest in the asx , anyway i think credit suiss put out a downgrade on xero? as well
Nothing to panic about. Too much fear in the market of losing the profit. Xero is doing a good job promoting themselves but judging by the majority of trade is in NZX, there is still a lot more room to improve their mind share globally.
Originally Posted by bull....
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