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NTR Stock

  • 23-01-2005 2:15pm
    #1
    patto_chan
    Registered Users, Registered Users 2 Posts: 256 ✭✭


    With all the furore over the recent tool bridge hikes I decided to look up the company that runs them - NTR.

    On their website:
    http://www.ntr.ie/shares.asp

    It says :
    "The shares in NTR plc are not listed on any stock exchange, but may be traded via the company’s stockbrokers as listed below. Equity research is available on the company from its stockbrokers."

    Therefore it is different from companies listed on the Dublin or other stock exchanges (RyanAir, CRH, AIB etc.) Is this restricted availability of stock unusual ? What are the advantages/disadvantages to a person who buys stock in such a company ? :confused:


Comments

  • #2
    Victor
    Registered Users, Registered Users 2 Posts: 78,580 ✭✭✭✭Victor


    What are the advantages/disadvantages to a person who buys stock in such a company ?
    Because it isn't listed on the SE, it doesn't have that administrative overhead.

    Having a "grey" market gives the company and it's shareholders liquidity because they is a market, however, because that market is limited, shareholders may not have the liquidity they would like.

    Siemens are thinking of pulling their NYSE listing because most of the trading is done on it's other listings. Irish Life (90+%), prior to flotation and I think ICC (98%+) and ACC (98%+) prior to selling off had grey markets that weren't very efficient, because the government owned the vast majority of the shares.


  • #3
    RainyDay
    Closed Accounts Posts: 6,925 ✭✭✭RainyDay


    Given that they are not a publically listed company, they don't publish the same depth of information that a plc would issue regularly to the analysts, so you would be investing blind to some extent. Shane Ross recommended a 'sell' on NTR recently. Given his past track record (sell Irish Permanent, hold Eircom), buying is probably a good idea ;)


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