ATM has gone from around 50c to its current price.
My point was the real un-answered questions; Did its association with NZX hold back XRO's progress? Will XRO do much better now that it is free from NZX?
Time will tell.
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My point is not about what you and I have made by our ATM holdings (which is fabulous btw) but rather that ATM has not been held back by the dual listing moans that Rod complains of. ATM operates in similar markets and has thrived.
My next point is that if we all shun NZX, then the NZ economy will end up more and more in the hands of the Aussies.
NZ needs independent banks (not aussie ones) and NZ needs an independent and strong NZX. I hope XRO's move is a wake-up call to NZX and not the start of a trend.
We could soon be considered a ( bolt-on ) market if we are not careful...
There are benefits to being a sole ASX listing, why would businesses give up the increased exposure, liquidity and coverage of a market with exponentially more global reach.
Not to say there are any disadvantages of the dual listing, more so that the ASX offers far greater incentives to a company looking for expansion and greater chance of mergers/partners too.
https://www.asx.com.au/asxpdf/201803...4m25355b9b.pdf
Big news. Not sure whether this should be on the ASX thread or not. Any thoughts on what this means for Xero?
A non executive director at Fletchers, plus he is a civil engineer with honours. I guess the market love it.........