re: rocketing for how long As a point of interest who actually determines the value
of NRT in Australia - the Australian Investors, the American investors, the foreign exchange markets , or
all 3?
On last nights US close of US$15.65 the Aussie value
is US15.65 / 5 / 0.658 = AU$4.75 but just a month or so ago with the exchange rate about 55c the result would have been $US15.65 / 5 / 0.55=AU$5.69.
The answer to my own question I think is that it will
inceasingly be dominated by the US market as their
buying power takes hold of a(to them) relatively
cheap stock.
I hold NRT. Do your own research before investing.
- Forums
- ASX - By Stock
- KZA
- rocketing along
rocketing along, page-11
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
HCH
Hot Chili sets up water company as drought racks Chile–but must also build communities a desal plant