hit 129 early on in Uk and has really pulled back and now 123.70...

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12/09/19

00:48

Post #: 40389887
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Originally posted by Jackthelad55: ↑

I've owned CYB by default as a former NAB UK employee, but I've just bought some more in Aus when it dropped to $2. I have a bit of a beginners question when it comes to dual listed companies. I'm assuming the London price is the main driver for the Australian price, not the other way around, seeing as its business is entirely UK based. So for example, last night UK was up 5.8%, but today Oz was up just 4.27%. So you'd think UK would have to drop 1.5% today to match Aus price. But currently it is up another 4.5%. So being a UK business, does the UK share price just ignore what happens in Oz, and does that not open up some arbitrage possibilites if the two share prices don't follow each other lock-step?

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hit 129 early on in Uk and has really pulled back and now 123.70 in a buoyant market ! Not sure why unless it was moodys
statement. i hope the rally in last day or so has not sun out of stream . But good trading this morning and I was in and out twice
but too nervous to enter at this low level with only 40 minutes to close

CYB Price at posting: $2.20 Sentiment: Hold Disclosure: Not Held
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hit 129 early on in Uk and has really pulled back and now 123.70...

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