MTB HAS 118 000 000 SHARES IN ISSUE, OF WHICH
32 800 000 ARE HELD BY DIRECTORS, ASSOCIATES, MYSELF AND A COUPLE OF MY COLLEGUES, NONE OF WHICH I WOULD ASSUME ARE FOR SALE.
THIS LEAVES 85 200 000 POTENTIALLY ACTIVE SHARES.
MY VIEW IS THAT A SIZABLE PORTION OF THESE SHARES ARE HELD BY THE LIKES OF WH IRELAND AND OTHERS WHO I WOULD ASSUME ARE TAKING A LONG TERM VIEW ON THE SHARES WITH A TARGET IN DOLLARS, NOT CENTS. LETS ASSUME (FOR THE SAKE OF BEING CONSERVATIVE) 50%.
THIS LEAVES 42 600 000 (AUD 4.6M OR £ 1.8M CAPITALISATION AT TODAYS PRICE) POTENTIALLY ACTIVE SHARES. THIS IS A VERY SMALL CAPITALISATION.
WE HAVE SEEN ABOUT 10 000 000 SHARES TRADED/IN THE SYSTEM THIS MONTH (SO FAR), THATS 23% OF THE POTENTIALLY ACTIVE SHARES.
LAST MONTH ONLY ABOUT 900 000 SHARES TRADED OR 2% OF THE POTENTIALLY ACTIVE SHARES.
....WHERE AM I GOING ON THIS?
THERE IS A LIMITED AMOUNT OF STOCK IN CIRCULATION, A SIZABLE PORTION OF THIS STOCK HAS BEEN BOUGHT UP THIS MONTH (WE ASSUME BY OVERSEAS INVESTORS), THIS HAS TO PUT PRESSURE ON THE SUPPLY/DEMAND RELATIONSHIP AND SHOULD HAVE A PRICE EFFECT.
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Mkt cap ! $1.298M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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35 | 55829115 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.2¢ | 20087803 | 11 |
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No. | Vol. | Price($) |
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35 | 55829115 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.002 | 20087803 | 11 |
0.003 | 9169034 | 11 |
0.004 | 7597931 | 13 |
0.005 | 7235581 | 6 |
0.006 | 2750000 | 6 |
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