xmagx,
greetings.yes it's really only Market Cap BUT there is Perception that is improved by a Company being taken out of the Penny Class Swamp.
This HMC has too huge a Shares on Issue.When it runs at 20 cents>,it CAN be come highly attractive to Arbitrage.A single .05 tick or a one cent rise can activate Selling by THEY[d'dreaded Day Boys]picking up their Grand a Day.Such Activity increases the Sell in Suppy and Demand ergo Kills It!
I feel this makes a share UnAttractive to "Proper Type" investors and while the same thing can happen to a S1 share,there seems to be a perception that a Buck$ share,especially that pays any dividend,is a "Better" More Worthwhile speculation in the "Emerging Industry" class than a penny punt.
ie The punter/pilgrim holding a $1 ish HMC gets more cred at BarBques!!
cheers.
ps-tell me more about any Family Holdings,Substantial Holders etc.
put it on your watch list, page-5
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Last
$7.02 |
Change
-0.190(2.64%) |
Mkt cap ! $2.618B | |||
| Open | High | Low | Value | Volume |
| $7.21 | $7.24 | $6.96 | $5.434M | 770.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5907 | $7.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.03 | 5268 | 3 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| HMC (ASX) Chart |