Wisdom, the problem may be that by the time Prima lists,QE2 and the $600 billion easy money will be gonsky forever (unless of course Benanke comes up with QE3 - unlikely).
QE definition for anyone who is not familiar:-
'A government monetary policy occasionally used to increase the money supply by buying government securities or other securities from the market. Quantitative easing increases the money supply by flooding financial institutions with capital in an effort to promote increased lending and liquidity.'
$80 billion left in the kitty to spend by end of June.
Once QE2 has ended, liquidity in the market will in all likelihood dry up and 'cash' may run for cover in 'safe havens' which imo will not be equities.
Therefore, I believe Prima may have already 'missed the easy money boat' (excuse the pun)and whilst not wishing to aportion blame on the management team for 'delayed' listing , I disagree with some other posters that do not see the NASDAQ listing as an important timing issue.
I totally agree with some other posters in that Martin Rogers and his team should be banging the Prima drum to all potential investors who are prepared to listen in the USA. I just hope they have not 'banged' too soon before listing and too late before QE2 ends.
- Forums
- ASX - By Stock
- IMM
- to be fair
to be fair, page-16
-
- There are more pages in this discussion • 36 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
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online