Holders getting out while they can - down 35% so far today.
Mind you, that means the SP went from 2c to 1.3c......;)
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Holders getting out while they can - down 35% so far today.
Mind you, that means the SP went from 2c to 1.3c......;)
A bit of attrition happening on NZX boards
MHM soon to disappear into private offshore ownership and now this one
Geo-ffing into the haze too, with any ability for market trading to disappear,
similar position to those who got QEXed over badly
What will NZX do to fill the gaps ? More ETFs & Funds ? but alas dont they need listings
somewhere to base their values on ?
While briefly chatting about NZX attrition have noted the following:
Cumulative Numbers - YTD
Number of trades
Total value traded
% of value on-market9,038,164
$33,802 m
61.5%-22.6
-9.7% -3.5%
22.6% down in number of trades, especially while % of on-market is going up,
NZX looks like a fast dying exchange to me - very concerning...
Don't know about prior years.
Probably a good one for the NZX company thread.
I would have thought the number of trades would have been higher with the likes of Sharesies.
But agree, it is very concerning......
Who is the next listing? Where is it coming from? Anyone graduating off the USX?? How many NZ companies have listed on the ASX in recent years rather than the NZX?
Yeah nah.
We’re getting in touch to let you know Geo Limited (GEO) is intending to delist (be removed) from the New Zealand Stock Exchange (NZX) on 12 February 2024 pending shareholder approval on the 23rd of January 2024. For more info, you can read GEO’s announcement, or check out our Learn article about delistings.