FML can't be 2c with $250m cash. With a current market cap of $280m, it would become about $200m, so way under cash backing.
The thing about a share consolidation with this one is that it wouldn't do much- half the shares will still not be traded, so it's a "moot" thing to do. However, one of the analyst reports says it is a possibility (30:1), so I guess they got that from the company.
sp price, page-39
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Last
14.0¢ |
Change
-0.015(9.68%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.0¢ | $4.409K | 30.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1700 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 6000 | 1 |
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| Last trade - 15.44pm 05/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |