Hi Search,
Thanks for your reply. I have only had personal experience with one company that has taken this tack and appreciate your perspective greatly. My extremely limited experience with this approach was successful, but I certainly take your point about current market conditions.
The company that I held from IPO was MRU ( I don't think that this will be considered cross promotion as the company is no longer listed, and I feel that naming it will give others the opportunity to research an example of a share split further if they wish)and, similar to MHM, a large percentage of the number of shares was held by management and and other top 20 holders. The share split did not seem to have a dilutionary effect - yes the share price dropped (initially), but the value of my holding did not as this was compensated for by the increase in the number of shares that I held.
I also agree with your point about purchasers wanting to gain a stake of MHM having to pay up for the opportunity. On dull (or depressing!) market days, I take solace in looking at how far I would push up the sp if I were to purchase the holding I now have, which I have been accumulating since Feb 2011, in today's market place. It is certainly not going to take a lot of buying action to see a rapid increase in sp.
Cheers,
hippies
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Last
37.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $156.9M |
Open | High | Low | Value | Volume |
38.0¢ | 39.5¢ | 37.5¢ | $105.9K | 276.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40842 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 11787 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40842 | 0.375 |
3 | 43900 | 0.370 |
1 | 100000 | 0.365 |
3 | 42888 | 0.360 |
3 | 26500 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 11787 | 1 |
0.400 | 23000 | 2 |
0.410 | 287552 | 1 |
0.420 | 178147 | 4 |
0.425 | 424858 | 4 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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