re: are we not thinking!?
ncp is falling ONLY because our funds have to get rid of their holdings, because the stock will not have a weighting in the local index. They are not selling because the move to the US is a bad thing. Long term, this is a very good deal for shareholders, but traders know that in the short term the stock will fall simply because funds are forced to sell.
This is why US investors are buying NWS, regardless of what NCP does. There os no longer a safe arbitrage, which is why the two prices are not in line.
