It is very clear that the company should get a move on and migrate the listing to the USA. This was always an odd listing because of the lock up of a huge amount of stock with big Chinese "names". Therefore the free float has been small apart from some release of escrow + a raise by Fosters who appear to have deserted the stock after one research report!! There were no decent blocks of stock available for insto or fund investors at list - mistake.
If the core activities and cash flows stack up (I haven't had a close look) the US is where this thing must head if only to sit in the wake of ALIBABA. That's a big call but at least it has some comparisons if not the add on revenue coming fro a Taobao or Tmall. Lots of money in the US and they love this space.
Get a move on and get JP Morgan to get it done - hopefully
It is very clear that the company should get a move on and...
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