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impact of inward listing

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Not applicable
Just a thought, I know that since Steinhoff will be treated as an inward listed company, and in terms of recent changes, means they are still treated as a domestic share. However, perhaps some institutions still treat inward listed companies as foreign, and are offloading now in accordance with their investment strategies?
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3 REPLIES 3
AJ_
Contributor
Do you expect a further pullback. What is the next support level. Will consensus change to "hold" or should 1 buy now
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Not applicable
well, you need to take this pullback into perspective. It is not even 20% off its highs. I just don't think it is going to bounce back - with an inward listing looming. Why would any foreign investor buy a stock on the JSE that is going to listed on a more robust, cheaper and less exposed to currency risks exchange? It flags as a buy in my books - only I already bought (and have taken a 10% hit). I might pump my Rolfes proceeds into some more though.
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AJ_
Contributor
my holding cost is 54.95. I recall someone mentioned it could fall to around R46 i.e a 16% drop since I bought them. Do you think it will recover within a year considering the new offshore listing.
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