Phil you go from having an investor base of 20M people to well over 300M people.
Once listed on the NASDEQ a primary US exchange you fall under the scope of all of the US managed funds and big time investors with Trillions of dollars to invest looking for a good story and a earnings explosion.
When we make profits US companies in our market sector average a price 34 times earnings in contrast to OZ at 17 times.
Because the two markets are linked and there is no cost to switch. Say there is a 10c higher price in teh USA, you switch some share sell in the uSa and buy in OZ and pocket the difference. Thus the price will equalise.
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Last
$4.97 |
Change
0.010(0.20%) |
Mkt cap ! $381.3M |
Open | High | Low | Value | Volume |
$5.02 | $5.02 | $4.88 | $115.4K | 23.28K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 129 | $4.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.97 | 1119 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 129 | 4.880 |
1 | 206 | 4.850 |
1 | 833 | 4.800 |
1 | 250 | 4.760 |
1 | 210 | 4.750 |
Price($) | Vol. | No. |
---|---|---|
4.970 | 1119 | 1 |
5.050 | 4961 | 1 |
5.110 | 5000 | 1 |
5.150 | 223 | 1 |
5.200 | 2000 | 1 |
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