1/100 CDI, page-13

Just for your future info guys, if you watch the overnight NASDAQ price of PLL, and overnight movements in the USD to AUD Exchange Rate in AUD (which you can get from Google, but I use the Australian company OFX for my rates), then this is the formula to keep in your spreadsheet to determine the equivalent price of PLL on the ASX, and what it might reflect on the ASX the next day.

This becomes more important when PLL moves it's Primary listing to the NASDAQ because from then on, the first posting of any important company event will take place on the NASDAQ, then the ASX will follow the next day.

This allows you to do a number of things, but importantly, to determine if there is a significant arbitrage opportunity, which I don't think will apply to anyone here, and not something I'm concerned with, or interested in. But also, if for instance, once it's primary listing is on the NASDAQ the company releases an announcement and it's NASDAQ price goes up 25%, then boom, watch out for the ASX the next day (or two). It may give a trader a buy or sell opportunity.

I hope this helps someone, because it's all very interesting to me.

PNas = PLL Price on NASDAQ.
USOzEx = The value of one (1) USA dollar in Australia (the USD to AUD Exchange Rate).
PLLAsx = the comparative relative value of PLL on the ASX on a 1/100 share split ratio.

Formula
PLLAsx = (PNas * USOzEx) / 100

For example:
The current price of PLL on the NASDAQ at the moment is $25.74 USD.
The current USD is worth in AUD $1.33016

PLLAsx = (25.74 * 1.33016) / 100 = 34.238 AUD cents

So I'm not expecting much of a rise in the PLL share price on the ASX tomorrow, unless something happens later in the NASDAQ trading day, by which time I will be well and truly tucked up in bed and dreaming of glory.

It's fun.

Cheers,
Gw