LMP 3.57% 13.5¢ l&m petroleum limited

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  1. 784 Posts.
    It is an overseas cross transfer, between the asx and nzx exchanges, for the dual listing.

    They do it at the end of trading on the nzx, which is before the asx closes.

    I belive the price discrepancy represents the current discount between the asx and nzx listings. I thought the market was supposed to be "efficient", perhaps it represents a possible arbitrage opportunity for someone???

    You could buy the same share on the asx for a discount if you sold the same nzx listed shares! Hmmm..

 
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Currently unlisted public company.

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