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From: | "Steve Moxham" <steve@ezysurf.co.nz> |
Date: | Thu, 3 Aug 2000 12:10:17 +1200 |
Hi Phil,
I've just been looking at the unlisted securities market at Direct's site
and I think they've gone from 50c to $3.50 not 5c to $3.50!
One thing that struck me when perusing the unlisted mkt was the actual
number of shares listed. Not just that, but a reasonable number of
them have had some quite decent gains in the past few months. Alot of them
are very small companies with very low liquidity, certainly not ideal candidates
for trading. There are however some bigger and more regularly traded
companies such as Smiths City, Richmond, Wel Drive, etc. So what's the
attraction for companies on the unlisted market? Lower
compliance costs? How is the unlisted market regulated and who
administrates it? Comments welcome.
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