NZX - NZ Exchange

[Balance]

exactly
I reviewed this stock some months back when there was a murmur of change and growth
I couldnt see it myself. There was no ability to substantially move revenue without growing the stock exchange either by listings or transactions. It is patently clear from their monthly stats that this is not happening
Cost cutting is a one off sometimes two but its growing a business that reaps rewards.
Attachment 9516

Forecast profit puts NZX on a PE of 20 times vs ASX on 23 times.

One has static profit profile with no real strategy to stimulate growth while the other is a truly international exchange with proven growth track record.

Not hard to figure out which is the better one (if one wants stock exchange exposure) to invest.

Not hard to figure

[Balance]

Ironical that ATM is now NZ's biggest listed company but 70% to 80% of the daily trading volume of this stock is consistently done on the ASX.

Matter of time I think before ATM decamps as well to ASX as the liquidity here dries up as more and more of ATM stock is shunted to ASX.

Question : What is on the horizon to replace the billions of dollars of market cap lost if ATM decamps?

Answer : NZX is like a possum caught in the headlights - so far there has been nothing to replace Xero.

Only one way for NZX to go - the single candle of light is flickering

[bull....]

Ironical that ATM is now NZ's biggest listed company but 70% to 80% of the daily trading volume of this stock is consistently done on the ASX.

Matter of time I think before ATM decamps as well to ASX as the liquidity here dries up as more and more of ATM stock is shunted to ASX.

Question : What is on the horizon to replace the billions of dollars of market cap lost if ATM decamps?

Answer : NZX is like a possum caught in the headlights - so far there has been nothing to replace Xero.

Only one way for NZX to go - the single candle of light is flickering

your right the liquidity on nzx is bad if your a trader and there silly orderly conduct rule doesnt make for good trading thats why a majority of my trading has departed the nzx now for better exchanges which encourage trading.

[Balance]

your right the liquidity on nzx is bad if your a trader and there silly orderly conduct rule doesnt make for good trading thats why a majority of my trading has departed the nzx now for better exchanges which encourage trading.

The NZX still has the cheek to want to charge for information (eg.attachments to announcements > 6 months) when other exchanges provide that kind of information for free!

Why would anyone bother to pay for that kind of information from an exchange (ie. NZX) which is grinding its way downwards?

Those clowns in charge have no idea how to encourage investments and trading - simplistically, the more information they provide, the greater the encouragement.

[bull....]

The NZX still has the cheek to want to charge for information (eg.attachments to announcements > 6 months) when other exchanges provide that kind of information for free!

Why would anyone bother to pay for that kind of information from an exchange (ie. NZX) which is grinding its way downwards?

Those clowns in charge have no idea how to encourage investments and trading - simplistically, the more information they provide, the greater the encouragement.

dead right again , most exchanges provide stuff for free even delayed charts , nzx is one off the only exchanges that doesnt do that that i know off .... no idea on encouraging punters

[Balance]

Look at ATM today - 25m shares traded so far and 21m done on ASX!

Plus some of the volume done on NZX relate to stock shunted to ASX.

[bull....]

did ya know you can do 24hr trading in the US now on etf and some stocks .... sign of things to come the old boys in wellington will have work longer if they want to keep up

[bull....]

Look at ATM today - 25m shares traded so far and 21m done on ASX!

Plus some of the volume done on NZX relate to stock shunted to ASX.

yea the asx is the best place if your trading atm ..... its wicked

[bull....]

did you know under there orderly conduct rule if the spread is say 2.40 buy 2.45 sell you cant sell at 2.40 straight away ( dur how dumb) brokers have to put a sell in at prices in increments towards 2.40 leaving them on market for acceptable time to find price discovery so as not to cause a dis ordly market. so as your sell gets moved gradually down to 2.40 maybe when it gets to 2.41 your be able to sell at 2.40 next ,, but heres the catch as your price gets moved down some sneeky broker will pinch your sell at 2.40 because your the patsy thats closed the spread lol and if the next buy is at 2.35 you can go thru the same process again.

of course if you had decent liquidity this wouldnt bt a problem but is is.

[simla]

Well, the NZX is two questions, of course. 1. Can they keep the NZ Exchange operating long term? 2. Can they keep making a profit?

The question of the exchange is interesting and time will tell. But as to the company itself, they appear to be constantly creating alternate sources of profit anyway.