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Such a weird situation here. I would appreciate anyones advice.
Shriro almost delisted last week, but has now changed their mind and will instead issue dividends/buyback. That’s good news for now, but that potential delisting worries me.
I don’t know how I would feel about owning an delisted Australian stock, I would get the dividends, but I could basically never sell.
I would lose any public insight into the company, which might lead too poor management decisions.
It shows that they can’t find a buyer or better strategic alternative right now.
That’s why I am not in this right now.
On the upside, the company would lose most of its public filing expenses (and after trying to speak with them the investor relations dept is definitely not their strong suit, lol).
Am I thinking about this right, or am I missing something?