Negativity about ABU around the consolidation period was subject to much abuse by some members I have the posts to varify it lol!
Lets do a quick recap the SP at present and some 31/2 years after consolidation is down around 60% compared to the consolidated price.
It is down from a pre consolidation SP of 17.5c in July 2007 which = a massive $2.62 after consolidation.
The Majority of LTH will have bought in at between 4c and 7c which means they need a price of 60c to $1+ just to break even (thats not taking into consideration many years of inflation and interest losses)
The early investors after consolidation are looking in the region of 22 - 40c just to break even.
More recent investors most likely bought in at the single digit prices and are likely to stay bouyant or profit in the longer term, or not.
I think a likely scenario is that eventually ABM will be taken over and the price paid wil not be beneficial to shareholders and the longer they have been in the more they will lose.
Of Course this is only MY2C and idealy I would like to see the small holders make a sxxx load of cash, so good luck to all.
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