Huge discount compared to WSE12 Aug 2022 16:03
I would like to know the reason why are the shares on LSE so much cheaper than on WSE. I was wondering that maybe there is lower amount of available shares on WSE, but according to this website https://www.bankier.pl/inwestowanie/profile/quote.html?symbol=SERINUS the MC of Serinus on WSE is 889 715 369,4 zl, which would imply a similar amount of shares as on LSE. Can anyone confirm that market cap on WSE is really about 890M zl, which is about £161.6M. Over 13 times bigger MC than on LSE? How is this possible? I know there can be differences at different stock exchanges because of different costs, liquidity etc., but such a huge difference for such a long time is incredible. Maybe the was some whale on LSE willing to sell for any price and pushed down the stock so low? But if it was the case, why there is no arbitrage? Why don't people from WSE sell SEN shares and buy it here on LSE to get 13 times more shares for the same price? Can anyone help me with this? I have been scratching my head for a few days about this problem.
Someone on the bankier chat wrote there there are only 7M shares on WSE (which would mean that the Bankier info about the company MC is wrong), but that would make the MC on WSE even lower than on LSE. It does not make sense with the prices of oil and gas and the current profits of the company.