What does it mean if they do Moved to ASX? Do they pulled out completely from nzx or both listed in nzx/asx ?
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What does it mean if they do Moved to ASX? Do they pulled out completely from nzx or both listed in nzx/asx ?
I have a question, maybe a dumb one, if Plexure Issued shares on the ASX.. would the price per share on both NZX and ASX be Exactly the same apart from Currency differences? I own Fletcher Building which is dual listed and it seems the prices are the same, so I assume so..
Also would a capital raise be positive for our Plexure’s valuation or would it just dilute our shares?
I'll try a quick answer;
1.) Dual listed stocks on the ASX and NZX should be at a par (subject to exchange rate differences,) however there are sometimes variations that traders can exploit. Over the longer term trends usually are usually similar. Check the TA price trends ASX v NZX for ATM, PPH, XRO etc and you'll get the idea.
2.) Dilution is always a possibility, it really comes down to the terms of the Cap raise. Each Cap raise is different. Recent example is VGL where the shares were allocated at about $1.05 and it is now trading around $1.40. So no dilution and a healthy gain for holders. I suspect any cap raise for PLX would be v beneficial for participants.
Of course DYOR.
'Execute for growth' must include the ASX listing to fund the growth :t_up: