Couldn't agree more @MetalBee. What value is there when:
- Someone purchasing this @ 0.033 a month ago at 1millition shares = $33,000 + fees
- Dividend is announced and the price increases to say 0.036
- The person's share value is now sitting at $36,000.
- if they wait out the dividend payment = $1,250.
- however, if they sell before ex-div (last Friday), they would be better off $3,000 and miss out on the dividend.
So based on above scenario, wonder why we are back to 0.033. The long term holder suffers with these pip traders that come and go and the share price for the past two years is around 0.031 - 0.037.
To stop these shenanigans, BCN must look into consolidation.
Consolidation needed, page-5
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Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $86.40M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.3¢ | $30.49K | 1.325M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1942584 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 3496666 | 5 |
View Market Depth
| Last trade - 14.08pm 05/11/2024 (20 minute delay) ? |
| BCN (ASX) Chart |