Consolidation is not my favorite way to appreciate a Companies SP. Its a lot easier to grow a SP from 50 cents to one dollar, than it is from say $5.00 dollars to $10.00 dollars.My experience with consolidations is that it always ends worse off for share holders.
Seems like all smoke and mirrors to me. After a short time everyone forgets how the undiluted share was performing as the metrics are all different. Why not just accept the 6 or 7 Billion shares on issue? Its just a number. It was ok to create a zillion shares to raise capital from the gullible, now management are embarrassed about what they have created. Truely bizzare. Smacks of being dodgy and crooked as it comes to me.
Consolidation is not my favorite way to appreciate a Companies...
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Last
35.8¢ |
Change
-0.013(3.38%) |
Mkt cap ! $2.414B | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.0¢ | 35.5¢ | $3.943M | 10.93M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 1703056 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 1722065 | 65 |
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| Last trade - 11.20am 27/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |