Shares on multiple stock exchanges & other currencies?

[Deleted User]

ColdIron said:

Aftertiming. I haven't seen the phrase used much since it was a common accusation on the Betfair forums, when they were worth reading, over a decade ago

A brief search reveals I used it myself in 2014

https://forums.moneysavingexpert.com/discussion/comment/67217551/#Comment_67217551

Just an idle observation

I can offer two more recent examples:
1) August 2019 https://forums.moneysavingexpert.com/discussion/6037441/zingpowzing-v-bowlhead-challenge/p1
2) this morning  https://forums.moneysavingexpert.com/discussion/6206552/jarvis-plc#latest

bowlhead99

ZingPowZing said:

ColdIron said:

Aftertiming. I haven't seen the phrase used much since it was a common accusation on the Betfair forums, when they were worth reading, over a decade ago

A brief search reveals I used it myself in 2014

https://forums.moneysavingexpert.com/discussion/comment/67217551/#Comment_67217551

Just an idle observation

I can offer two more recent examples:
1) August 2019 https://forums.moneysavingexpert.com/discussion/6037441/zingpowzing-v-bowlhead-challenge/p1
2) this morning  https://forums.moneysavingexpert.com/discussion/6206552/jarvis-plc#latest

Well, the remark was that you were the only person to have used it on the forum in the last five years - I said five rather than eight because Coldiron and perhaps a few others used it six  or seven years ago. So, yes, you (and your alter-ego account while banned) have used it more recently than Coldiron, while nobody else has. I wasn't particularly looking for the links to the various times you used it; my observation was that it was only you who was finding the phenomenon so 'prevalent' as to warrant comment.

On your second link, a user was enquiring about what was going on with the valuation movement in a certain smallcap stock. Two regular users who had held the stock for a number of years provided examples of the drivers of the recent price movements while commenting that they had bought in at various times over the years (i.e. were holders/followers of the stock rather than someone who had just gone and looked it up and was making a wild guess at why it might be moving).  

I don't think that's a particularly unexpected sort of behaviour to find on an investments discussion board. Certainly it would be a bit strange for people to do the opposite and indulge in 'aforetiming' where they announce to the savings and investment forum every financial account they ever open or share they ever buy just in case it comes up in conversation years later.  But talking about something that has happened in relation to a share or a financial promotion with hindsight is not something that one would be surprised to find here ; much analysis of investment or economics is looking back on past events.

RSharkR

Thanks Bowlhead99 that's super helpful  

RSharkR

A final question, if I may ... will the US Election result next week potentially impact the NYSE side of these shares, even though its mirroring the Norwegian version? Just trying to decide whether the morning after is potentially the best time to buy.

bowlhead99

RSharkR said:

A final question, if I may ... will the US Election result next week potentially impact the NYSE side of these shares, even though its mirroring the Norwegian version? Just trying to decide whether the morning after is potentially the best time to buy.

It is the same thing. The US ADR is literally a deposit certificate representing beneficial ownership of a share that trades in Norway. The price is determined globally by 'arbitrage' because if you could buy the one in the US for $5 and immediately write a contract to sell the one in Norway for the NOK equivalent of $6, you would, and vice versa, so the prices will all even out. 

Of course if a challenger to Trump is elected who says the US is going suddenly become carbon neutral or carbon negative and sign back up to all the climate change treaties and its residents and businesses will never use any fossil fuels ever again (while still drilling oil and gas and selling it on the global market) there could be an excess of supply, which would further depress the price of global oil and hurt the prospects of Statoil / Equinor. The share in the US would go down along with the other US energy shares like Exxon, but it would be equally felt on the Norwegian 'version' of the stock, due to the arbitrage effect mentioned above and the existence of a global buyers and sellers for multi-billion dollar energy stocks.

RSharkR

...except the Equinor future business model is all based around renewables and net zero carbon alternatives  

bowlhead99

RSharkR said:

...except the Equinor future business model is all based around renewables and net zero carbon alternatives  

Sure, it was only a throwaway example
But the business model that's actually financing the alternative solutions gets over half its contracted customer revenue from selling crude; from a quick glance at the half-year accounts, the total reported net income for New Energy Solutions of $53m out of $8.3bn net operating income in the first half of 2019 was not a big piece of the pie. Granted, the net income from that division was up for the first half of 2020, to $80m, but overall revenues were a third lower ($22bn vs $33bn) so if the oil and gas demand declines even further or stays low, the company will not be having a Very Good Time (tm)...

Thrugelmir

RSharkR said:

...except the Equinor future business model is all based around renewables and net zero carbon alternatives  

You can add Shell and Total to the same list. Far from a unique objective. 

RSharkR

All very good points, thanks very much  

Thrugelmir

RSharkR said:

All very good points, thanks very much  

Has been a rewarding time recently to be invested in some global energy companies.