Many thanks blackcap. If I read you correctly, 'doing nothing' and ending up with asx shares is the better option? Cheers.
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Many thanks blackcap. If I read you correctly, 'doing nothing' and ending up with asx shares is the better option? Cheers.
Im not 100% sure on that one. Everyone's situation is different, but for most kiwi holders I do not think its going to make that much of a difference either way. I think you can still have MHI shares tradeable on the NZX if you wish but there may be real liquidity issues there although the "arbitrage" opportunities should keep prices reasonable in line.
I agree with you blackcap. I'm most interested in the potential of Emma and Roe. Only two brokers appear to follow the stock (according to 4traders) and it seems have been off the radar and potentially undervalued in recent years, given it still has significant growth potential in Canada and now with Emma and Roe. Any thoughts on that from others in the ST community???
Any one has an idea why there seems to be a trade freeze on MHI?
Presumably dividends paid by the now Australian Michael Hill International with its main listing on the ASX will become part of a NZ taxpayer's "Overseas Income" even if you own the NZX-listed shares? As with dividends from the NZX listing of the Westpac etc? Is that correct?
Things looking better and better.
https://nzx.com/files/attachments/239092.pdf
It has opened strongly in Australia as well with bids at 1.15 or 1.21 NZ equivalent. I see a trade has gone through in NZ at $1.31 but that may be a "rogue" trade!
Well maybe I was wrong. The Aussies do seem to value a good growth company more than the kiwis. Bid at 1.24 in Australia and going through at 1.25 which does equate to 1.31 in NZ :)
Bid 136 In Australia now which makes that a 144 equivalent NZ. This has really taken off, maybe the Fat Prophets buy recommendation has helped, as has the listing in Australia. Nice move the last 3 months.
So no one going to talk about this stock with a 50% gain in the last 4 months?
Interesting that a move to the Australian exchange has been a catalyst for a re-rating. Lets hope for the NZX's sake that not more companies decide to go this route....