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If the bid got high enough for the CDIs on ASX, someone would...

  1. ace_beef
    205 Posts.
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    05/08/20
    13:13
    Post #: 46318557
    If the bid got high enough for the CDIs on ASX, someone would convert LSE : PRE shares to CDIs and sell them. Ultimately the price will be set by earnings, and the shares will then have an intrinsic value as they would be paying dividends, rather than a speculative value on predicted future revenues.
    Last edited by ace_beef: 05/08/20
    PM8 Price at posting: 54.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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