Yeah I’m with you on most of that Gajet.
NEU is a shining example of a Bio that took on a consolidation. Yes it took time to gain the benefit but when some nice fundamentals aligned, the entire market looked at it as a very tidy and viable opportunity.
When many serious investors / instos look at the IMU register they look at a dogs breakfast.
And this is what the anti consolidation folks are missing. Sure it doesn’t change the % of your holding but that’s not at all important. The most important outcome for a consolidation is how it changes the way the market views IMU and the market is the most important thing when wanting to be an investor. IMO.
Cheers.
IMUGENE CHART. TA only, page-33793
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Last
4.1¢ |
Change
-0.003(6.82%) |
Mkt cap ! $304.9M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.4¢ | 4.1¢ | $1.607M | 38.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 4542680 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 1675759 | 9 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| IMU (ASX) Chart |