MEM 0.00% 0.9¢ memphasys limited.

Top 20 holders have added 48 million shares this last financial...

  1. 408 Posts.
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    Top 20 holders have added 48 million shares this last financial year. From 552,019,965 to 600,057,517 (48,037,552). This is out of 872,178,337 shares, 760,773,880 shares on issue in 2021. The top 20 now hold 68.8% of shares on issue down from 72.56%. 111,404,457 shares issued in the last financial year. 63,366,905 out of the 111,404,457 increase in shares on issue are held outside the top 20. I am not a mathematician and do not really know how significant the decrease in the percentage of shares held by the top twenty is to our market prospects. I think we would all like to see bigger institutional holdings but the down side this will start the share short game and accumulation tactics. I think we will see a rapid run up in price as the institutions gain a foothold into MEM followed by the share price manipulation as thy try to accumulate from retail holders. I see an interesting next couple years, especially when sales start to grow.
    Last edited by HCgreggy: 06/09/22
 
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