Definitely agree with some of above, but IMO the consolidation was the right thing to do, although should have been paired with a small holding buy-back. Aim to reduce small holders and the admin costs associated.
Maybe this hurt share price initially; almost always does; but by now the fundamentals are driving the action. I.e. we would have corrected if we had a reason to.
Also - I didn't agree with DIV and Cap Return (later cancelled), but for long-term holders and tax effect; the company should have done the Cap Return not DIV. Some of the core business was sold.
This would have given max benefit to long-term holders with higher buying as reduces their purchase price. Given the current $cash position, we have a couple months till 1/2 year report and that will show us if the cash burn has stopped. If it has, the $ returned to investors was probably the correct decision.
just my 2c
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Last
$4.70 |
Change
-0.120(2.49%) |
Mkt cap ! $399.8M |
Open | High | Low | Value | Volume |
$4.71 | $4.80 | $4.65 | $775.9K | 164.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 85 | $4.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.72 | 1079 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 85 | 4.690 |
3 | 2488 | 4.680 |
2 | 688 | 4.670 |
2 | 688 | 4.660 |
4 | 6688 | 4.650 |
Price($) | Vol. | No. |
---|---|---|
4.720 | 1079 | 1 |
4.740 | 874 | 2 |
4.750 | 874 | 2 |
4.760 | 745 | 1 |
4.780 | 129 | 1 |
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