The glass half empty view is that investors are seeing the universe of options shrink. The alternative view is that shrinkage could help to keep the never-ending bull market running a bit longer, writes James Thomson.
In the coming months, the value of companies that have disappeared from the ASX this year after being taken private could quietly slip past $16 billion.
Very little new equity has been created on the ASX in the past 15 months. David Rowe
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
