'Movieguy' pid='29334' datel Wrote:HUGE news today: http://www.lincenergy.com/data/asxpdf/ASX-LNC-505.pdf Would be curious to see how this affects the stock and then extrapolate to IOC for its upcoming announcement.
Linc announced yesterday that they are delisting in Australia and listing in Singapore. LNC has long been disparaged by the Aussie Institutional Brokers and is, in the opinion of it's CEO, Peter Bond, and largest shareholder, underappreciated and undervalued by Aussie shareholders. He is probably right but also took part of the blame in a televised interview yesterday. In Mr Bond's opinion the Singaporean and by extension, Chinese investors, are more understanding of Global Energy plays. There was a further announcement today about further coal acquistions in Queensland that seemed to cause a bit of a spike but pps has since drifted down.
Those with long memories may recall that IOC delisted in Australia following a tortuous route to its NYSE listing via Toronto.