yes, misinterpreting chook
BNYM buys PRR shares here.
They then bundle those shares into ADRs (by whatever ratio).
They sell those ADRs on the NASDAQ.
I expect that the value of the PRR shares bundled in those ADRs will (perhaps significantly) increase in price when sold on the NASDAQ.
Therefore the price paid by BNYM to purchase PRR shares here, compared to the likely appreciated price of those PRR shares when sold on the NASDAQ (as bundled into ADRs), should realise profit, and perhaps significantly so.
So, my question is, will BNYM keep all those profits, or will they be shared with PRR?
good luck
- Forums
- ASX - By Stock
- IMM
- raising funds via bank of ny mellon
raising funds via bank of ny mellon, page-3
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IMM (ASX) to my watchlist
|
|||||
Last
40.5¢ |
Change
0.040(11.0%) |
Mkt cap ! $588.3M |
Open | High | Low | Value | Volume |
37.0¢ | 40.5¢ | 36.8¢ | $1.822M | 4.681M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19739 | 39.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 45420 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19739 | 0.390 |
2 | 28000 | 0.385 |
6 | 50173 | 0.380 |
2 | 38500 | 0.375 |
3 | 82324 | 0.370 |
Price($) | Vol. | No. |
---|---|---|
0.410 | 183750 | 2 |
0.415 | 15231 | 2 |
0.420 | 452907 | 6 |
0.430 | 38735 | 2 |
0.440 | 12636 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
IMM (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online