Forum Archive Index - August 2000

["Wedde, John" <john.wedde@cit.ac.nz>]

Hi Steve
You're correct about those figures on A2 Corp.
I follow the unlisted market a bit. The number of coys "listed" here has
increased quite a lot recently.
I don't do a lot of trading, and am not sure how quick the turn around needs
to be to qualify as a "trade" rather than an investment.
However I've recently on a couple of occasions very successfully traded
EStaronline [ESO] --- not to be confused with the newly listed Aussie
broking company of the same name!! 
I'm interested in any info anybody might have on ESO. When are they due to
go on the main board? They announced this intention a while back --- "to
migrate" was the expression they used in this regard I believe.
Cheers,
John
 
 -Original Message-----
From: Steve Moxham [mailto:steve@ezysurf.co.nz]
Sent: Thursday, 3 August 2000 12:10
To: sharechat@sharechat.co.nz
Subject: Re: Re: [sharechat] A2 Corporation & the unlisted securities market



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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