Renergen seeks greener grass on Australian Stock Exchange
The decision to list on the ASX was motivated by several advantages it would offer
SA alternative energy group Renergen plans to dual list on the Australian Stock Exchange (ASX) where it will unlock opportunities that are not available to it on the JSE. The decision to list on the ASX was motivated by several advantages it would offer, said CEO Stefano Marani. SA will become the eighth country in the world to produce helium when Renergen commences production. The company will be better covered by equities researchers who specialise in oil and gas stocks. As the only holder of onshore natural petroleum gas exploration rights in SA, the value proposition is not fully understood domestically. “In SA, there are no comparables. We are pretty unique over here. It’s difficult for any analysts to take a position,” Marani said. But on the ASX, where there are hundreds of oil and gas stocks, “we would blend right in”, he said. With the JSE, 90% of its market cap is comprised of companies valued at more than R5bn, whereas 84% of the ASX’s market cap comprises of companies un...
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