G?day again chick.
No worries.
It?s an ignorant person that can?t admit when they are wrong (like that ignorant kid AKB over on AFR board) & I do get them wrong sometimes. Although I don?t think so on this one.
SBM was a 1:6
http://www.stbarbara.com.au/uploads/tx_rlsortthis/100907_ASX_Share_Consolidation_Proposal.pdf
Day before they closed 0.445 & next open was 2.70, almost spot on that 1:6, as is normal. Peaked a few cents higher at 2.79 that week, but been going down ever since. Now -33%. But to be fair we need to get the XGD difference from that consolidation date 7,853.5 & now 7331, down 6.7%. So I think we can see that SBM?s consolidation did not work. Haven?t got time to do TAM; maybe later.
So I still say that consolidations rarely work. If FML just concentrate on the business, our Mkt cap/SP will rise nicely. OXR had billions of shares & was played with by the traders for a long time. I started at 7c & it topped over $4.
If you're in for the medium/long term, as I am, what happens to the SP along the way is irrelevant (other than for nice buying opportunities).
So number of shares, really not an issue imho.
Cheers,
ned
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.98M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3884 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 144463 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3884 | 0.140 |
1 | 34309 | 0.135 |
6 | 63039 | 0.130 |
1 | 3963 | 0.125 |
3 | 12662 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 144463 | 7 |
0.155 | 18648 | 2 |
0.160 | 52359 | 4 |
0.165 | 36616 | 2 |
0.175 | 16889 | 3 |
Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
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