You may have misunderstood me Kiwi. Consolidation is not return of capital, it is reducing the number of shares on issue so they trade with a higher price. A ten for one consolidation would reduce the number of shares on issue to 110 million and logically, all other things remaining equal, cause the share price to increase to $2.60. The rogering algos in the closing auction will then find it more difficult to close the share price down by 5 cents with a smattering of a few shares.
sp could improve with a consolidation, page-16
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Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $289.3M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.5¢ | 24.3¢ | $578.8K | 2.342M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 512034 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 195506 | 4 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| GRR (ASX) Chart |