FBR 5.41% 3.9¢ fbr ltd

Ann: Hadrian X arrives in the United States, page-48

  1. 3,391 Posts.
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    I haven't traded OTC before, but I would think in most cases FBRKF will follow the FBR.ASX actions, purely given it's significant due to more volume weighted price movements, in comparison, FBRKF is fairly light in volume (150k/day) and thus the USD price conveys much less weight.

    However, however, however, Hadrian is now in US after 10 years of waiting, more news might be happening during FBRKF trading hours, while ASX is closed, then FBRKF might take a reverse lead I guess. For example, during HX's live demo builds, onlookers could be searching FBRKF to buy, but due to limit volume in OTC market, price could be pushed up much higher, and next day when ASX opens up, FBRKF is already up and reflected on the news, where ASX FBR will do a catch up pricing. Even so, due to the sheer volume on ASX, FBR.ASX might not follow as close to FBRKF at all due to volume difference.
 
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