I would recommend everyone who is rushing through the exit doors to go to the BSL (Bluescope Steel) thread and go through the posts from 2012 when they did a 6-1 consolidation to reduce their 3.35B shares.
It was all doom and gloom painted by various posters back then stating how the management sucked, shareholders were treated as cash cows, BSL had no future etc etc...
Well we all can see what BSL's SP is now ($2.85 post consolidation in 2012 to $8 now). I am not saying DEG will be a guaranteed success story like BSL but instead of jumping of the ship now I would rather give the management a chance to turn the company around.
They have proved to have good resources, and hopefully with this consolidation the SP will be moving in the right direction to give the company the credit it deserves.
For all those who have no idea on how a consolidation works or are not willing to take the risk, please exit now..good for you, good for us.
I would recommend everyone who is rushing through the exit doors...
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Last
$1.14 |
Change
0.050(4.59%) |
Mkt cap ! $2.732B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.15 | $1.10 | $13.39M | 11.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 380096 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 204419 | 5 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DEG (ASX) Chart |