Too true, A2M might be minded to move out of NZ. Companies out, people in before the tap turns off. If you wanted to immigrate to NZ, as they say on Sina Weibo, Xuwai and wechat tonight, better be quick b4 the drawbridge comes up.
From yesterday's vote, interestingly the Maori Party lost all their seven Maori only seats to the Labour Party based on the Maori populous' anti-immigration stance so the power of the anti-Immigrant Maori stance is the take out of this election IMHO. Farmers of the future will all be kiwis or Aussies.
If Peters, whose father was/is Maori, demands 10,000, 5000 or "only "family"" immigration to New Zealand, Australia may gain and companies like A2M, the banks and non-domestic companies might relocate to Australia.
A2M might do better if it delists from NZX, there is little liquidity there anyway, you could run a line that all NZ companies would be better off delisting from NZX, given the costs of compliance of the secondary listing, and focusing on ASX, even AIR/AIZ, CNU, SPK and the banks would benefit.
NZX has proper governance, risk and compliance and significant costs in that area. The ASX's governance, risk and compliance is still a century out of date, similar to the governance of the NYSE prior to the Great Crash IMHO but pls DYOR.
Chart update, page-4515
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