Australia's largest stock trading and investment forum Australia's #1 stock forum

PM8

Click for more information

0.00%

$1.66 pensana plc

Share price - General Discussion, page-411

First 411 Last

Share
Profile

Follow
ChinaSyndrome

3,730 Posts.

1950

06/07/20

13:21

Post #: 45668952
Share

Originally posted by Buffetbar: ↑

I imagine that you can offer a bid your CDI on ASX, and ASX will buy your CDI's convert them and sell them on LSE into a corresponding ask.

Not sure which exchange manages the transfers and the details but I imagine that the exchanges will do their own conversions in an effort to fill orders and provide the international liquidity that was the point of the dual listing anyway.

Again, complete speculation, but i think if the liquidity of shares on the LSE are dependent on individual holders discretion to convert CDI's and go through the loopholes to bid on the LSE it would be crazy. Who on ASX is going to bother? This would mean there will be almost no shares on sale on the LSE until someone converts. Is Paul gonna dump his shares on LSE to provide UK liquidity? SWF? seems silly.

I think ASX will fill orders through LSE and vice versa.

Expand

Not 100% certain but I suspect that our Brokers may have been accumulating a few Mill' to seed the LSE,

PM8 Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

SNG

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

There are more pages in this discussion • 2,849 more messages in this thread...

First 411 Last

Add PM8 (ASX) to my watchlist