To add some points from my limited understanding.
1. for this type of arbitrage trading to work without people being screwed over, there needs to be a broker at this end who will secure and make good the frankfurt buy/sells. Possibly TCs?
2. Much of the action in frankfurt is from stock that is already held there. ie the same stock being recycled (for now).
3. The price we see in frankfurt isn't necessarily the last trade price but some algorithm based on last trade and bid/offer price. Yesterday was a case in point. Knl was up based on the last trade but ended the day down without any further trades based on a lower bid price.
My view is that when the real action starts on KNL the frankfurt exchange listing will be shown to be a master stroke by Mr Spinks. Until then its not something that will impact the ASX action.
- Forums
- ASX - By Stock
- EGR
- Frankfurt
Frankfurt, page-14
-
-
- There are more pages in this discussion • 18 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
Add EGR (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.7¢ |
Change
-0.002(2.25%) |
Mkt cap ! $39.50M |
Open | High | Low | Value | Volume |
8.9¢ | 8.9¢ | 8.7¢ | $42.18K | 478.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 44000 | 8.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 99888 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 44000 | 0.086 |
2 | 18000 | 0.085 |
1 | 2500 | 0.084 |
1 | 60000 | 0.083 |
1 | 30000 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 99888 | 1 |
0.091 | 103204 | 1 |
0.092 | 39999 | 1 |
0.094 | 10000 | 1 |
0.095 | 58100 | 2 |
Last trade - 15.36pm 09/10/2024 (20 minute delay) ? |
Featured News
EGR (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online