Australia's largest stock trading and investment forum Australia's #1 stock forum

MSB

Click for more information

10.4%

$1.49 mesoblast limited

"I can hear people blowing things up...."Where what now?

First 5505 Last

Share
Profile

Follow
dyode

1,872 Posts.

202

06/07/24

07:41

Post #: 74634493
Share

Originally posted by LearningEachDay: ↑

"because of the indifferent amount of shares listed on each exchange"

No, when the ADRs were established they were set up at a fixed rate of equivalence where 1 ADR = 5 MSB shares. Then in January 2024, MESO had a split so now 1 ADR = 10 MSB shares. (And anyone holding ADRs had their number of ADRS cut in half so they still had the same number of MSB shares.) The reason for all of this has been to keep the Meso share price above $1 which is a requirement to be listed by NASDAQ.

Arbitrage helps keep a balance between the share prices on both markets. When arbitrage isn't sufficient, JP Morgan, who is custodian of the ADRs and holds the MSB shares that underly them, can release more ADRs to be sold on nasdaq. The total MSB shares stays the same between both markets. But as Reg has noted, the ADRs now represent over 30 percent of all shares due to increasing demand in the U.S. I expect that percentage to increase after approval.

p.s. It is getting dark outside. I can hear people blowing things up. SO went out to watch. Too hot for me.

Expand

"I can hear people blowing things up...."

Where what now?

MSB Price at posting: $1.11 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

There are more pages in this discussion • 373 more messages in this thread...

First 5505 Last

Add MSB (ASX) to my watchlist

(20min delay)
Last $1.49		Change 0.140(10.4%)		Mkt cap ! $1.701B

Open	High	Low	Value	Volume
$1.37	$1.54	$1.37	$23.10M	15.82M

Buyers (Bids)

No.	Vol.	Price($)
3	24758	$1.49

Sellers (Offers)

Price($)	Vol.	No.
$1.49	73626	3

View Market Depth

No.	Vol.	Price($)
1	10033	1.485
4	53700	1.480
1	770	1.475
3	62048	1.460
1	50000	1.455

Price($)	Vol.	No.
1.490	21995	1
1.505	24000	1
1.510	13666	2
1.515	99798	1
1.520	27250	3

Last trade - 16.10pm 04/10/2024 (20 minute delay)

MSB (ASX) Chart