Tom I have no direct knowledge in foreign currency matters or currency conversions. So I may well be wrong. But I understand how papa arcam reacts to the Swedish market and currency.
But since baby arcam which I own is sold on a US exchange for us buyers, i'm not sure that the foreign currency rules govern baby arcam's pps to the extent that you currency guruhs suggest. Now obviously when the ADR was set up, our shares represent a certain percentage of ownership which fluctuates with the perceived worth of the company. I understand that.
BUT, baby arcam is also governed by basic supply and demand within the USA market. So even if the currency falls, IF the American buyers decide to buy while European buyers are not, would not baby arcam go up regardless of what the currency does. In other words, while currency is a factor in the pps, are not the market demands within the USA also a factor and might not those trump currency on any given day I defer to your perceived expertise in the matter but unless fundamentals are explained away I must conclude that USA buyer demand and fundamentals might trump currency factors on any given day. I have seen papa and baby arcam diverge on some days and have greater movements than the other both up and down on other days.
But since the brexit has not even begun, and finalization might take 2 years, I do not understand these strong market moves. I also don't understand, even if tariffs are placed on arcam machines not at all guaranteed, why the price has fallen this far, this fast unless it is just overaction by panicked traders.
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