Geneva Finance - GFL

[blackcap]

Don't go telling too many people Percy

[nztx]

Agree BUT it will be listing on the " sports " board shortly which have few eyeballs and very little liquidity !

just in time to replace another mob who called in the undertakers over there to finalise their ski slope sweep to the bottom off ASX

[nztx]

Don't go telling too many people Percy

Are they short on dough to pay up for a lazy NZX deckchair or just getting a bit Frank & Francis about announcements on the ins & outs being too visible ?

[Jaa]

You have to be suspicious of an announcement that states changing exchanges will save money without ever actually stating how much money they will save.

[percy]

JLG Just Life Group Ltd have just moved to USX from NZX.They also did not say how much they would save.I would guess both will save well in excess of $250,000.pa.
Same reasons JLG gave also apply to GFL.
Infrequent trading and low liquidity: With The Harvard Group and its associated
persons controlling over 80% of JLG shares, any trading of shares typically occurs in
very low volumes. Therefore the current NZX listing offers little advantage to
shareholders from a liquidity perspective.
• High compliance and governance costs: Maintaining the Company’s NZX listing incurs
substantial ongoing compliance and governance costs that can be significantly reduced
through delisting.

[Sideshow Bob]

Probably paywalled...

https://businessdesk.co.nz/article/f...m_medium=email

[percy]

Probably paywalled...

https://businessdesk.co.nz/article/f...m_medium=email

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I have voted for the resolutions.

[Jaa]

JLG Just Life Group Ltd have just moved to USX from NZX.They also did not say how much they would save.I would guess both will save well in excess of $250,000.pa.
Same reasons JLG gave also apply to GFL.
Infrequent trading and low liquidity: With The Harvard Group and its associated
persons controlling over 80% of JLG shares, any trading of shares typically occurs in
very low volumes. Therefore the current NZX listing offers little advantage to
shareholders from a liquidity perspective.
• High compliance and governance costs: Maintaining the Company’s NZX listing incurs
substantial ongoing compliance and governance costs that can be significantly reduced
through delisting.

Those costs are very valuable to small shareholders.

Literally you are paying for them to communicate with you and for a level of reassurance that nothing dodgy is going on. That and for increased exposure for the company which drives liquidity and the share price.

Without a $$ value it is hard to judge if those benefits are worth the cost.