Allkem General Discussion, page-3769

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SidWarrior

8 Posts.

19/05/23

04:30

Post #: 67854205
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Originally posted by Bluegoose: ↑

I think this dual listing is sounding all too complicated.

Some profits in Australia with possible dividends, some in USA perhaps without dividends?.

Frankly, the ASX has been so poor at valuing our assets fairly in comparison to the USA, that I think it may be better if we just get rid of the ASX listing altogether and go all in on the NYSE.

My reasoning for this is 2 fold.

1. NYSE values stocks at a more appropriate PE multiple - the ASX does not (at least for mining companies)
2. ASX stocks seem to get pushed around by the big Wall Street vampire squids like an Outlaw gang while our "Sheriff is out of town". Our regulators (or lack thereof) do absolutely nothing to try and protect our hard earned money while the US investment banks rape a lot of our future gains and take it back to their homeland.

Given the company will be based in the US and we have very little assets in Australia now - Mt.Cattlan is dwindling, we may as well just be done with the ASX listing and go all in on the US and try to get that huge multiple they may be willing to offer.

The ASX part of the listing will probably just hold us back.

We can also play the currency game a bit here. Maybe sell a few in the future when our dollar is trading more favourably - say US$0.80+, and pocket an additional 20% gain just based on the currency.

Whilst I was hoping for nice franked dividends in a year or two, some of that seems to have been taken away with the merger so I'd be happy to just go full fledged into growth / beast mode and go for the huge gains.

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Hi! I agree with you.
But the thing with the currency is a little bit tricky.
Look at these two charts, espacially the two ATHs last year and the recent peak:

1. One year Allkem chart in Australia

2. One year Allkem-chart in Germany

And now guess, who sleeps better?

AKE Price at posting: $15.30 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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