That's not how this is working at all.
The company is not buying back and disolving these small parcels. They're simply facilitating the sale of them by putting them directly on the market in a larger bundle. It means the current small parcel holders get a little bit of cash back instead of wasting the value on brokerage.
What it does do is take some holders off the register and reduce the admin costs associated with that and any of the paper notices/forms that might get sent out.
Also, given the company has been made investments into expansion, why would you be thinking anything about a dividend being distributed this year? Very optimistic!
- Forums
- ASX - By Stock
- RFT
- Ann: Less than Marketable Parcel Sale Facility
Ann: Less than Marketable Parcel Sale Facility, page-4
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RFT (ASX) to my watchlist
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.05M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 414338 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 361231 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 153000 | 0.008 |
5 | 1586000 | 0.007 |
14 | 2345159 | 0.006 |
9 | 2400010 | 0.005 |
3 | 1800000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 361231 | 2 |
0.010 | 1432493 | 6 |
0.011 | 692914 | 1 |
0.012 | 1565355 | 7 |
0.013 | 475500 | 3 |
Last trade - 16.12pm 06/09/2024 (20 minute delay) ? |
Featured News
RFT (ASX) Chart |
Day chart unavailable