bit of a noob question regarding the dual listing.
lots of posters on here seem to think because the other listing gained on its first trade day, we should also go higher. doesnt opening a dual listing also offer a dilution factor? just because we opened a second listing it doesnt suddenly make the company worth more does it?
ive been thinking of it like this:
the asx only listing has been a whole cake (the cake is CPH) cut into small slices (one slice per share on issue). now with the second listing its like taking half the cake to your mother in laws house before cutting it up. so now you have half a cake to share amongst the asx share holders, and half a cake for the dual listing share holders. as the size of the cake (CPH) hasn't changed, each slice representing 1 share should now be half the size right? so shouldn't the share price retract to factor in the massive dilution?
CPH Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
