NPX
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0.00% $5.25 nuplex industries limited.

33% cheaper in nz - instos clean up oz mugs

  1. kinglance
    11 Posts.
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    30/03/09
    07:08
    Post #: 4956840

    NPX traded in NZ cum rights on Friday at NZ$0.89 cents = NZ$0.31 cents ex rights or A$0.26. In ASX, it traded at 29.5 cents or a 13.5% premium.

    The gap was as much as 33% on Thursday, 26th Mar when NPX was 39.5 c on ASX and NZ$1.03 in NZ!

    Great arbitraging for the instos who sold in ASX and bought back in NZ. No wonder they have such contempt for retail investors.



    NPX Price at posting: $1.18 Sentiment: ST Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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