Quote:
Originally Posted by
stoploss
I will take this as a genuine question , Muppet please consider the following ....markets do move.
If you purchase 1000 shares @ NZ $ 33.00 fine , what if they are NZ $ 30.00 in Feb 18 ?
Also what if the shares are still NZ $ 33.00 however the exchange rate has moved to .9500, that gives you the equivalent of NZ$ 31,589
Thanks for the reply. Yes it was a genuine question.
The market in NZ does not like the move to ASX, as evidenced by the SP since the announcement. It seems to me that the market expects the exchange to rise, hence the drop in the SP. Otherwise if expectations were that the exchange rate remained about the same or dropped, it would be a positive move to the ASX for repatriating money back to NZ, certainly for retail investors anyway.