SBM 2.46% 31.3¢ st barbara limited

Ann: Proposal for Share Consolidation , page-12

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  1. 12,191 Posts.
    lightbulb Created with Sketch. 1304
    whatever happened to the arguments that the Market Cap is more important than the sp?

    I was of the impression that small traders look at the sp but instos are more concerned about the MCap....

    I have no issues with the company trying to restructure their business....everything is welcome if it is in the right direction....but giving us the feed that US instos will only buy if it is above a dollar is just humbug IMO....

    A smaller number of shares is more susceptible to large movements and the only positive I can make out of it is the company could have something up its sleeve and with the consolidation, they expect that when their "news" is out, this will move 6 times faster than now....so that could be the only thing they are consolidating.....

    If some massive (this is a relative term) upswing post November happens, then we know why the shares were consolidated in September (now)...
 
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Last
31.3¢
Change
0.008(2.46%)
Mkt cap ! $283.0M
Open High Low Value Volume
30.0¢ 31.5¢ 29.8¢ $2.620M 8.598M

Buyers (Bids)

No. Vol. Price($)
46 1021247 31.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.5¢ 933523 34
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Last trade - 14.42pm 13/11/2024 (20 minute delay) ?
SBM (ASX) Chart
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