The ‘Aussie Premium’ baked into NZX stocks crossing the Ditch

The ‘Aussie Premium’ baked into NZX stocks crossing the Ditch
For investors, it's welcome to the ‘Aussie premium’. (Image: Getty)
Brian Robins
For shareholders in PaySauce, it was as if all of their Christmases had come at once. News that it intended to cross the Ditch to enter the Australian market brought with it the promise of unimaginable riches.Well, it did for a few weeks at least, as its share price rocketed from 18c to 30c within a week of the news being disclosed at its annual shareholder meeting last month.In fact, PaySauce shares hadn't traded north of 30c since soon after its listing on the NZX way back in 2011.At the shareholder meeting, it disclosed an initial t...

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