kaika [2024-11-28 12:07]:
Panašiai galvoju, gal po naujų, prisideniant investicine sąskaita, nes pliusinių pardavinėti nesinori iškart, o su investicine kaip suprantu minusą dengri galima bus ir vėlesniais periodais. O pliusinių pozicijų baltic irgi turiu daugiau nei pakankamai.

Japoska [2025-03-04 19:07]:
Rodo kad siandien 2.2kk akciju suprekiauta. gal jau sviesa tunelio gale matosi?

unitedtraders [2025-07-29 15:44]:
Nasdaq Stockholm has approved Baltic Horizon Fund application for delisting of SDRs

Kas cia yra?

Whether a company's decision to delist its SDRs is "bad" for investors depends heavily on the reasons for the delisting and the investor's individual circumstances and goals.

Here's a breakdown of the scenarios and their implications:

1. Involuntary Delisting (Generally Bad)

This occurs when a company fails to meet the listing requirements of the stock exchange. These requirements often include:

Minimum share price: The stock price falls below a certain threshold for an extended period.

Minimum market capitalization: The total value of the company's outstanding shares is too low.

Financial health: The company may be in financial distress, facing bankruptcy, or experiencing consistent losses.

Regulatory non-compliance: Failure to file timely financial reports, adhere to corporate governance standards, or engaging in fraudulent activities.

Low trading volume/liquidity: Insufficient investor interest makes it difficult to buy or sell shares.

Consequences for investors in involuntary delisting:

Negative signal: It often indicates severe underlying problems with the company's financial health or management.

Reduced liquidity: Trading the SDRs becomes much harder. They might move to Over-the-Counter (OTC) markets, which are less regulated and have lower trading volumes, wider bid-ask spreads, and less transparency.

Price decline: The delisting itself can trigger further price drops due to negative sentiment and forced selling by institutional investors who are mandated to hold only exchange-listed securities.

Potential for total loss: If the company goes bankrupt, shareholders are typically last in line to receive any assets, often resulting in their investment becoming worthless.

Difficulty selling: It can be much harder to find a buyer for delisted shares, even if the company isn't bankrupt.

2. Voluntary Delisting (Can Be Neutral to Positive, but with implications)

This happens when a company chooses to delist its SDRs. Reasons for voluntary delisting include:

Cost reduction: Maintaining a listing on an exchange is expensive due to regulatory compliance, reporting, and listing fees. If trading volume on that particular exchange is low (as seen with Baltic Horizon Fund's SDRs on Nasdaq Stockholm), the company might decide the costs outweigh the benefits.

Going private: The company may be acquired by another entity or decide to buy back its shares and become a private company.

Merger/Acquisition: If two listed companies merge, they might delist one of the original entities and continue trading as a new, combined entity on a different exchange.

Consolidating listings: The company might want to consolidate its trading on a single, more liquid exchange (e.g., keeping its primary listing in its home country and delisting SDRs from another market).

Consequences for investors in voluntary delisting:

Conversion options: Investors are usually given options to either sell their SDRs before the delisting date or convert them into the underlying shares of the company (which might trade on another exchange).

Buyout offers: If the company is going private or being acquired, shareholders may receive cash compensation or shares in the acquiring company. This can sometimes result in a profitable exit for investors.

Reduced trading avenues: While the underlying shares still exist, the specific SDRs you held will no longer be traded on the previous exchange. This means you might need to change your brokerage or open an account in a different market to trade the underlying shares.

Potential for reduced liquidity (if not converting): If you don't convert your SDRs or if the underlying shares trade on a less liquid market, it could still affect your ability to sell easily.

No immediate loss of ownership: Unlike involuntary delisting due to bankruptcy, you don't automatically lose your investment. You still own a stake in the company, just in a different form or on a different trading venue.

What investors should do:

If a company you hold SDRs in announces a delisting, it's crucial to:

Understand the reason: Determine if it's a voluntary or involuntary delisting. This is the most critical factor.

Review the company's announcement: Companies typically provide detailed information about the delisting process, timelines, and options for SDR holders (e.g., selling, converting to underlying shares).

Contact your broker: Your brokerage firm will be able to guide you through the process of selling your SDRs or converting them into underlying shares. They can also explain any associated fees or procedures.

Assess the underlying company: Even if it's a voluntary delisting, evaluate the company's fundamentals and future prospects to decide whether you want to remain an investor in its underlying shares.

In summary, while an involuntary delisting is almost always a "bad" sign indicating deep financial trouble, a voluntary delisting of SDRs can be a strategic move by the company that, while requiring action from the investor, doesn't necessarily imply a negative outlook for the underlying business.