Thanks for your post James, I thought it was a reasonable discussion of the issues involved.
I know that mostly on HotCopper people get MC wrong, sometimes when they're out by a factor of 2 or more (as in this case) I'm tempted to point it out. This discussion could be repeated on a number of stocks tomorrow.
I understand people are getting these smaller MC numbers from their trading platforms, but I think it's clearly wrong to exclude issued but unquoted shares from a MC calculation.
I also think that excluding options that are deep in the money (regardless of time to expiry) is also wrong, but I know that plenty here think that way.
To put all this in another way and bring it back to CYS:
If I were to make a full cash takeover tomorrow for CYS at today's closing price of 44.5 cents a share, how much would it cost me?
The answer to this question is how much the market today values the entire company at, ie the market capitalisation.
The answer isn't $14 million, so what meaning or use can that figure have?
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Last
0.8¢ |
Change
0.001(7.14%) |
Mkt cap ! $15.91M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $3.504K | 467.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 5399878 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 1354125 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 5399878 | 0.007 |
22 | 9827495 | 0.006 |
12 | 11779822 | 0.005 |
9 | 11900000 | 0.004 |
5 | 9166670 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 1354125 | 5 |
0.009 | 4500715 | 8 |
0.010 | 8283205 | 13 |
0.011 | 4237519 | 9 |
0.012 | 8364662 | 10 |
Last trade - 13.10pm 05/09/2024 (20 minute delay) ? |
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