At this stage this is trival, IMO.
As you will be aware, SMA has secured $4.5 million funding from private investors to scale up its e-commerce market place in China and market SmartPay in Australia. What matters is the qrtl statements from SMA and how well they execute their business strategies - 2017/18 will be of interest.
With regards to S&P Dow Jones (ASX) Indices - inclusion of the company in (ASX) Indices will enable large investment groups and fund managers to buy in..... Some have restrictions forbidding them to invest in companies outside of these indexes, others use these indices to find bargains. E.g., I am currently looking at ASX:CCL (juest removed) with the view to invest in the company...
So as you can see these Indices can be used for many things - S&P Dow Jones (ASX) Indices fluctuates (changes) all the time.... Get use to it.
DYOR.
Ann: S&P DJ Indices Announces March Quarterly Rebalance, page-3
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Last
16.0¢ |
Change
-0.020(11.1%) |
Mkt cap ! $27.06M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 16.0¢ | $2.178K | 12.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 70929 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 2330 | 1 |
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| Last trade - 10.09am 09/10/2024 (20 minute delay) ? |
| ODA (ASX) Chart |