You may have misunderstood me Kiwi. Consolidation is not return of capital, it is reducing the number of shares on issue so they trade with a higher price. A ten for one consolidation would reduce the number of shares on issue to 110 million and logically, all other things remaining equal, cause the share price to increase to $2.60. The rogering algos in the closing auction will then find it more difficult to close the share price down by 5 cents with a smattering of a few shares.
sp could improve with a consolidation, page-16
Add GRR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $428.2M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 36.5¢ | $369.8K | 1.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 332835 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 56896 | 2 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |