re: predictions please--- for eyeinthesky Latest word is that the ADR facility through the Bank of New York will be in place mid March to coincide with a US roadshow by RDF and RTS executives.
Looking at some recent ADR listings by Australian companies in the US there's no set pattern regarding influence on the shareprice. However Redflex is different in that not only most of its revenue is earned in US$ within the US but also most of its assets are located in the US. In reality once Comms is divested Redflex really will be almost a pure US company. The take up of the ADRs could surprise us, I believe for some time there have been numerous enquiries from US investors as to how they can access RDF stock.
The ADRs together with a possible ASX200 listing may make for a very interesting situation re availability of stock.
re: predictions please--- for eyeinthesky Latest word is that...
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