You do know that CSL has done 3 share splits already over the years and still trading over $200.
I view it as totally positive for MWR.
- It will increase the liquidity so that the stock will be trading in 0.5c increments so 40-40.5c instead of having to do it in 1 cent levels, often with 10c spread at times
- It will attract a whole host of new investors that typically only trade shares sub $1 in value (even though $1k of a stock is still $1k no matter the price)
- Most share splits have a tendency to grind up once the split is done.
- Most $50-$100m market cap companies trade in price sub $1 so will align with them.
10:1 Share Split proposal, page-2
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.891M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.1¢ | $1.768K | 84.17K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 148304 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 409999 | 3 |
View Market Depth
| Last trade - 15.36pm 03/05/2024 (20 minute delay) ? |
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Last
2.0¢ |
Change
0.000 ( 4.76 %) |
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| Open | High | Low | Volume | ||
| 2.0¢ | 2.0¢ | 2.0¢ | 100002 | ||
| Last updated 15.47pm 03/05/2024 ? | |||||
| SPA (ASX) Chart |