Mate, most consolidations are done so that the company can raise cash and not embarrassed by the expanding number of shares in their registry.
Well managed company won't need consolidation. Look at the big banks they have billions of share in their registry and are doing fine.
Not many consolidations have been successful.
Ann: Proposed Consolidation of Share Capital, page-56
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Last
$9.42 |
Change
-0.370(3.78%) |
Mkt cap ! $2.847B | |||
| Open | High | Low | Value | Volume |
| $9.68 | $9.73 | $9.38 | $11.99M | 1.255M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1636 | $9.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.42 | 65 | 1 |
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| Last trade - 11.53am 13/09/2024 (20 minute delay) ? |
| PDN (ASX) Chart |