My take on the situation last year Bob, is that the American investors (Drake) were trying to get a big parcel of the company for nothing and the price action around that time was all a power struggle between a few of the bigger groups that resulted in the directors getting a shake up.
The volume behind price action on this stock is so small that I don't really believe you can use it for any kind of analysis (fundamental or otherwise) because even on a very conservative P/E we should be HEAPS higher on the subsidiary company earnings alone.
Honestly, I think this is one of the most manipulated shares that I hold.
Ann: Capital Raising, page-142
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Last
54.5¢ |
Change
-0.005(0.91%) |
Mkt cap ! $74.86M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 57.0¢ | 53.5¢ | $19.79K | 35.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45555 | 54.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.5¢ | 10540 | 2 |
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| Last trade - 15.56pm 17/07/2024 (20 minute delay) ? |
| SMN (ASX) Chart |