LOK looksmart limited

trading premium in oz

  1. yanlin
    6,503 Posts.
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    24/01/03
    09:21
    Post #: 112221
    A question to the LOOK/LOK faithful...

    why is LOK trading at a 5.4% premium to LOOK?? (ie US conversion of LOOK into LOK values LOK at A$0.261).

    I can't help but think this premium is not warranted/ justified, and is driven more by wishful thinking by Oz traders than by fundamentals.

    That being said, I think the US abitrageurs are having a field day with this - at our expense!!! (more precisely, at the expense of over-exhuberant Oz traders).
    LOK Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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