Q: When will institutional investors be more able to buy Topicus and Lumine? If the companies decide to list on the TSX ? Thx
5i Research Answer:
Some institutions will not buy Venture Exchange companies so a new listing would help (not really expected, though). Some do not like the small size of the float, considering CSU's large ownership of both. But the lack of institutional support really hasn't hurt performance, with both at all-time highs. As long as shares continue to perform, we doubt the companies will make any changes.