re: rocketing for how long
As a point of interest who actually determines the value of NRT in Australia - the Australian Investors, the American investors, the foreign exchange markets , or all 3? On last nights US close of US$15.65 the Aussie value is US15.65 / 5 / 0.658 = AU$4.75 but just a month or so ago with the exchange rate about 55c the result would have been $US15.65 / 5 / 0.55=AU$5.69. The answer to my own question I think is that it will inceasingly be dominated by the US market as their buying power takes hold of a(to them) relatively cheap stock.
I hold NRT. Do your own research before investing.
NRT Price at posting:
0.0¢ Sentiment: None Disclosure: Held