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

PM8

Click for more information

0.00%

$1.66 pensana plc

Not 100% certain but I suspect that our Brokers may have been...

First 411 Last

Share
Profile

Follow
ChinaSyndrome

3,623 Posts.

1904

06/07/20

13:21

Post #: 45668952
Share

Originally posted by Buffetbar: ↑

I imagine that you can offer a bid your CDI on ASX, and ASX will buy your CDI's convert them and sell them on LSE into a corresponding ask.

Not sure which exchange manages the transfers and the details but I imagine that the exchanges will do their own conversions in an effort to fill orders and provide the international liquidity that was the point of the dual listing anyway.

Again, complete speculation, but i think if the liquidity of shares on the LSE are dependent on individual holders discretion to convert CDI's and go through the loopholes to bid on the LSE it would be crazy. Who on ASX is going to bother? This would mean there will be almost no shares on sale on the LSE until someone converts. Is Paul gonna dump his shares on LSE to provide UK liquidity? SWF? seems silly.

I think ASX will fill orders through LSE and vice versa.

Expand

Not 100% certain but I suspect that our Brokers may have been accumulating a few Mill' to seed the LSE,

PM8 Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

AI stocks: What to expect in 2024-25

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

There are more pages in this discussion • 2,849 more messages in this thread...

First 411 Last

Add PM8 (ASX) to my watchlist