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2023 - the year for ICG, page-66

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tinstuff11

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19/01/23

11:58

Post #: 65771118
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Originally posted by tinstuff11: ↑

I recall many years ago that a CEO told me if I want to see the sp higher than best to remove all the shares I had for sale, rational being it creates a much higher sell side that distorts the market. [I do not have any for sale]

ICG have 5,974,067 for sale on the ASX, over 46 trades:
under 4c 1,104,802 over 8 trades
4 - 4.9c 429,200 over 4 trades
5 - 5.9c 758,627 over 4 trades
6.1 - 6.5c 546,524 over 4 trades
9c 68,965 for 1 trade
total under 10c is 2,908,118 over 21 trades

10c+ is 3,065,949 over 25 trades

and the sell side from Dec 22 low of 2.1c is
2,066.253 over 14 trades

remove the extremes and there are
buy 2,066,253 over 14 trades 2.1c and higher
sell 2,908,118 over 21 trades under 10c [out of total 483m issued] [0.59%]

To me this is a much better representation of the market and shows that ICG is a tightly held stock, with lack of volume being the driver of a soft sp. Over 98.5% of the shares are not for sale atm.
Daresay some news flow from ICG would see an increase in volume.

The lack of shares for sale from 6.5c to 10c is rather telling IMO

I am using 10c as the sell measure because I think it is unrealistic to hope sp will be higher until at least after April quarterly.
[yes it would be great if sp breaches 10c by then]

ICG are poised to track a lot higher on back of good news.

8 more trading days before the quarterly has to be issued, thus buying ops for these low prices are diminishing

Expand

well that was like waving a red flag in front of a bull - some more sellers now @ 2.6 and 2.7 one wonders if will be game enough to leave the sells there @ COB

ICG Price at posting: 2.5¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 0.6¢		Change 0.000(0.00%)		Mkt cap ! $4.828M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	352365	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	2316209	3

View Market Depth

No.	Vol.	Price($)
1	352365	0.006
11	4221110	0.005
8	2487620	0.004
4	2766780	0.003
1	700000	0.002

Price($)	Vol.	No.
0.007	2316209	3
0.008	1135160	4
0.009	1180105	4
0.010	301378	2
0.011	350000	1

Last trade - 16.12pm 05/07/2024 (20 minute delay)

ICG (ASX) Chart

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2023 - the year for ICG, page-66

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2023 - the year for ICG, page-66

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