Hi
I would have to agree if a small retail investor like me wishes to invest in companies on the Australian stock market there are one set of rules.
ie. I can't sell or buy an unmarketable parcel - $500 worth of shares ( brokerage usually makes this uneconomic anyway )
and I can only trade in 1/2 cent increments over 10 cents per share .
Just these two glaring differences give me the impression that there is no level playing field, allowing unethical behaviour (rorts ).
It would seem to me that one with a large shareholding ( non retail ) has the ability and the wherewithal to cap a share price or even drive it down.
Now why would they do this?
Not an long term investor as they would want to see capital growth and a future dividend stream - like me.
Could it be that they wish to buy out a company for far less than it is worth? In the process robbing retail investors of a companies future promise?
Now as regards SPR I am long from GCY days and am pleased with the current team and their results.
I previously noted Euroz had a price target of $1.20 per share based on progress to that date.
So I too am dismayed when I see daily, a constant stream of trades of unmarketable parcels some of just 1 share and some just .2 of a cent per share below the last trade .
So SPR unfortunately if it is to succeed has to spend effort navigating the rough terrain of the Australian stockmarket as well as their expertise in exploration and mining .
I wish all my fellow long term investors and the SPR team a successful and prosperous future.
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Last
$1.33 |
Change
0.030(2.32%) |
Mkt cap ! $1.466B |
Open | High | Low | Value | Volume |
$1.30 | $1.33 | $1.30 | $5.495M | 4.179M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 28529 | $1.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.33 | 288685 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13681 | 1.315 |
4 | 27446 | 1.310 |
5 | 39484 | 1.300 |
3 | 11500 | 1.295 |
3 | 23711 | 1.290 |
Price($) | Vol. | No. |
---|---|---|
1.330 | 236685 | 7 |
1.335 | 105000 | 2 |
1.340 | 30800 | 4 |
1.345 | 62000 | 3 |
1.350 | 253617 | 13 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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SPR (ASX) Chart |