ASX - ASX Limited

[vishalt]

sounds scary if it went below $15 :couch
As the folks have mentioned above, the entry of aggressive competitors and a declining stock market is not a good outlook for the firm. To see the upside potential I'd need more certainty around the politics. Technically, the stock has been sliding and hasn't been able to hold ground for long so I'd be more careful around my entry point. Good luck

But so what? I mean BHP competes with Rio? ASX would never have been allowed to have it this good forever.

Take a look at stocks like NYSE Euronext and London Stock Exchange, they've been competeting with the likes of Liquidnet, NASDAQ OMX, AXE ECN, Chi-X and so forth and have been performing really well up until the credit crunch.

 

[sardines]

But so what? I mean BHP competes with Rio? ASX would never have been allowed to have it this good forever.

Take a look at stocks like NYSE Euronext and London Stock Exchange, they've been competeting with the likes of Liquidnet, NASDAQ OMX, AXE ECN, Chi-X and so forth and have been performing really well up until the credit crunch.

i suppose so
but the australian side has much less volume vs their international peers. So for me, it's hard to place a wager on the retention of insto support which have a significant impact on their volumes.

 

[vishalt]

i suppose so
but the australian side has much less volume vs their international peers. So for me, it's hard to place a wager on the retention of insto support which have a significant impact on their volumes.

Yeah but we have compulsory superannuation hence money needs to be put to investment use by managers every time you get a paycheck.

And volumes can really only grow as when the stockmarket recovers, people snap things up for cheap and new common folk start actively trading shares everyday.

 

[osmosis]

Here is an interesting article. July seems pretty close:

http://www.tradingmarkets.com/.site/news/Stock News/1602291/

Canberra poised to allow in rivals to ASX
Thursday, May 22, 2008; Posted: 02:16 PM

May 22, 2008 (The Australian - ABIX via COMTEX) -- -- New stock exchange proponents Liquidnet, AXE ECN and ChiX may gain licences to operate in Australia in competition to current monopolist ASX. The Australian Government is reviewing the stock market and is expected to announce the decision favouring new entrants as early as July 2008. At the same time, calls are growing for Federal Corporate Governance Minister Nick Sherry to also consider whether ASX should lose its regulatory function, which clashes with its primary role. The Australian Securities & Investments Commission would be likely to take on that responsibility. One factor adding weight to the new players' claims to market access is the recent merger of ASX with the Sydney Futures Exchange.

 

[Sean K]

On the list for the bottom/turn around.

Potential break up here too.

But, breaking down through $30 looks troubling.

 

[Timestar]

ASX - Too much debt

Hi Folks,
My colleagues and I are becoming very gun-shy towards companies with enormous debt. Can someone pls comment on the ASX's short term debt situation. On the surface it's looking a lot like its cousins Allco, B&B and, to an extent, RIO.

TS.

 

[Sean K]

No idea about debt, maybe check their quarterlies.

Pretty sexy rounded bottom happening here, with just a small crack and a potential woody coming in if it beats that $35 panty line.

 

[white_crane]

Pretty sexy rounded bottom happening here, with just a small crack and a potential woody coming in if it beats that $35 panty line.

LOL. Interesting analysis. I didn't know trading was sexy. I like it.



*Just some extra words to go over the 100 character minimum*

 

[Timestar]

Sexy charts aside, it still looks like an overpriced stock relative to its peers.

The P/E ratio is a serious concern and is making me baulk at hopping on board.

Will we see $27-28 again?

TS.

 

[tinkus]

I got some today I feel they may start a rally as eco looks good, it seem like a safe place for a few lazy months.

 

[jtl]

Well today BDI went up to 2.4c from previous day 1.8c. I know why but I cannot say. Anyway, as suspected, ASX sent a "Please explain" query to BDI since no official announcement was made that may cause the rallying.

My question here is not BDI but ASX itself, if ASX own share price at $34 suddenly skyrocketed to $50, will it send itself a Please Explain Note and/or auto HALT trading till it explain itself? LOL

Next, watch BDI go down again in a week time back to 1.2c. Good luck all.

 

[Julia]

My question here is not BDI but ASX itself, if ASX own share price at $34 suddenly skyrocketed to $50, will it send itself a Please Explain Note and/or auto HALT trading till it explain itself? LOL

Where do you get this from? I have just had a look at today's price and the low was 36.20 and the high37.08.

$50?????

 

[skc]

Well today BDI went up to 2.4c from previous day 1.8c. I know why but I cannot say. Anyway, as suspected, ASX sent a "Please explain" query to BDI since no official announcement was made that may cause the rallying.

My question here is not BDI but ASX itself, if ASX own share price at $34 suddenly skyrocketed to $50, will it send itself a Please Explain Note and/or auto HALT trading till it explain itself? LOL

Next, watch BDI go down again in a week time back to 1.2c. Good luck all.

As a matter of fact it has done just that last year prior to the SGX takeover.

http://www.asx.com.au/asxpdf/20101022/pdf/31t9w9gfgkyf7v.pdf

 

[Kryzz]

No posts in this thread since 2011!!? The ASX is in a cracker of a trend, up 30% with a 3%+ yield 100% franked since the start of 2017. Seems every dip has been bought in recent times. Will be interesting to see how the exchange/settlements run once CHESS is scrapped with DLT in its place.

 

[HelloU]

bubbling along, as it does, maybe even a slight kick of late with some ex-bank money.....

 

[HelloU]

blockchain poised ......

 

[Ann]

On Wednesday October 14th 1998 ASX became a public company, the initial price was $3.915 today the close was $69.96

 

[Kryzz]

Will be interesting to see how the exchange/settlements run once CHESS is scrapped with DLT in its place.

View attachment 87976

Unsurprisingly not getting much love from LNK or CPU. New all time high set on Friday.

Interesting to see how this ends up.

https://www.afr.com/brand/chanticleer/asx-s-blockchain-project-gets-nasty-20190318-p5155s

 

[Ann]

ASX takes a leap of faith into the technological unknown

he entire Australian equities market is sitting inside three 2½-metre-high racks of servers in a secure room in the ASX’s data centre in Artarmon, Sydney. You could almost wrap your arms around it but for the black metal cages.

This state-of-the-art equipment, with its fibre-optic cables, blinking lights and whirring cooling fans, is emblematic of the rapid digitisation of financial markets. It’s a long way from the trading floors of the 1980s, where orders were scribbled on chalk boards and chits of paper were couriered around the city.

Financial markets have always been early adopters of new technology. But the current ASX project to update its clearing and settlement system, which electronically moves equities from seller to buyer, is off the charts in terms of its ambition and complexity. More...

 

[Ann]

Many years ago there was a chart pattern which popped up occasionally, I haven't seen it for many years. I am going to put ASX up as a possible example of an Island Top about to evolve. An Island Top is a small cluster of prices with a gap on the way up and then a gap on the way down. It is very bearish.

This may or may not become an Island Top, this is just for fun. If it does turn into an Island Top the call is a bit of a fluke. Just guessing folks.