Can anyone explain buying a companies secondary listing?
Discussion
I recently bought some shares on the Oslo stock exchange which was a ball ache converting money and sending it to my share dealing account and will likely be a similar ball ache moving it back.
The company also has a listing priced in Euros (I live in France, so it would be nice not to have to convert money) on the Frankfurt stock exchange.
I have no idea how this secondary listing works.
How do i investigate the relationship between the primary and secondary listings? Is there any additional risks i need to be aware of?
I can share tickers if it would help.
Thank you in advance
The company also has a listing priced in Euros (I live in France, so it would be nice not to have to convert money) on the Frankfurt stock exchange.
I have no idea how this secondary listing works.
How do i investigate the relationship between the primary and secondary listings? Is there any additional risks i need to be aware of?
I can share tickers if it would help.
Thank you in advance
Is it MOWI/PND?
They're usually fungible. I've always understood it that you can tell from whether both securities have the same ISIN (which the above two do) although doubt that's 100% reliable; there's probably market/company-specific exceptions to the rule. Plus for a retail punter there's the issue of whether your broker lets you do it anyway.
The prices should be kept inline by institutional traders such that there's no real arb - or at least not that retail could realistically capture.
They're usually fungible. I've always understood it that you can tell from whether both securities have the same ISIN (which the above two do) although doubt that's 100% reliable; there's probably market/company-specific exceptions to the rule. Plus for a retail punter there's the issue of whether your broker lets you do it anyway.
The prices should be kept inline by institutional traders such that there's no real arb - or at least not that retail could realistically capture.
NowWatchThisDrive said:
Is it MOWI/PND?
They're usually fungible. I've always understood it that you can tell from whether both securities have the same ISIN (which the above two do) although doubt that's 100% reliable; there's probably market/company-specific exceptions to the rule. Plus for a retail punter there's the issue of whether your broker lets you do it anyway.
The prices should be kept inline by institutional traders such that there's no real arb - or at least not that retail could realistically capture.
MOWI/PND being the ticker? Nope. If that wasnt meant to be the ticker then you've lost me They're usually fungible. I've always understood it that you can tell from whether both securities have the same ISIN (which the above two do) although doubt that's 100% reliable; there's probably market/company-specific exceptions to the rule. Plus for a retail punter there's the issue of whether your broker lets you do it anyway.
The prices should be kept inline by institutional traders such that there's no real arb - or at least not that retail could realistically capture.
Ok, ill take a look for the ISIN for a start.
Edit: the company is Reach Subsea
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