share consolidation can work if the company has reached maturity . There is a business that operates profitably and there is a business case for doing so. For instance , if BHP did a consolidation it would make no difference to sp as price is driven primarily by mineral outlook , and divvies .
Otherwise , it does seem to create more height for the share price to drop ( manipulate )
Investor Call 9 August 2024, page-109
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Last
3.8¢ |
Change
0.002(5.56%) |
Mkt cap ! $183.3M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.9¢ | 3.7¢ | $199.7K | 5.255M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1127847 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 2062886 | 7 |
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| Last trade - 15.36pm 18/11/2024 (20 minute delay) ? |
| FBR (ASX) Chart |