The issue with the share price disconnect is harder to solve;
- About 90% (maybe more) is with large long-term holders, including 70%+ with just the top 2 holders.
- Of the remaining, a lot of it is held in funds that have shrunk over time, so are sellers over time. Almost every Aussie Institutional fund manager has been shrinking (maybe 1 or 2 exceptions), so they'll take whatever liquidity is available as they need to reduce holdings.
- It's not in any Indexes of note, so there's no ETF flow
- Liquidity is terrible, so no new large holders even bother taking a look
Thus - be prepared for not much to change with this stock. And then one day... everything will change overnight.
AAC still 50% below 2007 levels?, page-8
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Last
$1.40 |
Change
0.010(0.72%) |
Mkt cap ! $843.8M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.40 | $218.4K | 155.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1902 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| AAC (ASX) Chart |