RE: Turning after a double bottom24 Apr 2021 12:13
If it's clearly voluntary, and handled right, delisting from additional markets can often be positive. Worked out well for Verona pharma, delisted recently from aim to focus on NASDAQ.
I would say there are a good few examples where it's felt the company's arm was forced, that they seemed (rightly or wrongly) to feel it was a necessity rather than a choice, and it's inspired panic and hurt investor sentiment and SP in the medium term.
As long as it's handled carefully and in a timely manner, I feel delisting from asx could be a very positive move... But yeah, can be a bit of a double edged sword and needs to be done right.
See guys, both sides kind of got a point, and a valid discussion to be had if everyone plays nice... ; )