They may issue more shares to increase institutional shareholder base; if so, lets hope the dilution is managed!
Gamefisher – the one of the key benefits that the Board is looking for in the dual listing is an appreciation in share price – simply coming about if UK share investors see greater value in DTE than the Australian market. The Board would have reviewed a report on similar peers listed in the UK and possibly formed the view that DTE is undervalued compared with UK peers.
As we get closer to the dual listing, and UK investors start to sound out DTE to get exposure (stock), we should see some share price appreciation as O/S investors buy on the ASX prior to the dual listing, either as a hedge on a UK issue, or to get their exposure (later converting their ASX shares into UK listed shares).
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