Timing is everything. I believe that a consolidation right now would not damage the stock in any material way, it is already undervalued by the market. Typically people let go of their shares with a consolidation as they fear a new round of cap raising is on its way. BCN has now freed itself of debt and is making north of $40m per year, so those fears should be allayed. It is simply a matter of housekeeping which I think the market will accept with open arms.
Ann: Annual General Meeting Presentation, page-9
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Last
2.7¢ |
Change
0.001(3.85%) |
Mkt cap ! $101.4M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.7¢ | 2.6¢ | $21.74K | 824.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 153051 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 1039496 | 4 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| BCN (ASX) Chart |