Hi cmon “The FX is mute point. As an investor if I want to make...

Hi cmon

“The FX is mute point. As an investor if I want to make money off of depreciating AUD there are easier ways. You wouldn't buy stock in a company planning to shift its listing exchange to another country. Also if I were an investor wanting to own US Corp stocks I can simply go ahead and do that directly.”
I think you may have misinterpreted me – I see the US listing being advantageous in terms of forex as you get a continuous re-price of the forex. Any investor in SEA is exposed to the forex movements, but I don’t think the listing on the ASX captures this on a daily basis (it comes down to whether you believe in the EMH, right – but assuming that you don’t, since we believe there is upside to the share price beyond what is currently priced). So my belief, is whilst listed on the ASX, the price of SEA does not fully capture the forex price as market participants here are not adjusting their position on the basis of movements in the USD/AUD.
Now compare exactly the same exposure to SEA on the NYSE – because the price is denominated in USD, upon exit and conversion to AUD you receive the daily spot exchange rate (which I think you miss out on in the ASX to the extent that the forex is not priced in). This is my belief anyway, and given I am expecting a depreciating AUD, then at the time of selling SEA, a listing on the NYSE ensures that I am guaranteed to receive the prevailing spot rate on the day.
Could be wishful thinking, but I’ll take any positive right now!

“For me it works out as net negative (and I think for most individuals and funds). Lonestar was the biggest holding for me that delisted and when onto US exchange.”
What negatives do you see?
I am not exposed via a SMSF. I was thinking I just need to setup an international trading account, and when my holdings are transferred, I just use this account to sell, with the only negative being the higher brokerage costs?