I think I am missing something. Appologies if I am a bit slow but I don't see the link between a duel listing and nightmares experienced by bottom feeders. Maybe you could fill me in.
If being listen on the AU exchange exposes a company to shorting activity and other types of unhelpful market practices, wouldn't you think that being listed on two exchnages just increases exposure to more entities that engage in such activity?
You appear to assume that the HK market doesn't contain any of the "shady" characters that are so heavily despised here and just full of friendly cashed up genuine investors like you and I. Is that realistic?
Dual listing has some benefits but it also has its drawbacks and opens a company up to lots of new cross market issues like getting dragged down with the over HK index, even if AU is steady. It isn't a magic cure to the types of issues that CDU experienced but would no doubt create endless opportunities for new things to worry about. In fact somebody here has been repeatedly saying that its impossible to have the same product auctioned in two separate markets at the same time. While I think those comments are ignorant, that is exactly that dual listing is.
Just for clarity, I don't think its wrong and I don't think doing so is a major problem but I don't think that it will solve anything, clarify anything or in any way shape or form cause shorters to raise a sweat. I could be missing the point though. Happy to hear arguments to the contrary.
CDU Price at posting:
$4.67 Sentiment: Buy Disclosure: Held
