@U92Bull, I appreciate your earlier post with a potted history of PEN over the past 10 years. However, you seem to think that with fewer shares a company is worth more. Surely the market cap. gives the value of a company (EV is a better measure but for PEN there is little difference since it has no debt). Market cap. is a product of the number of shares and the share price and so it does not really matter what either of them is. Fact is, PEN has lost a tremendous amount of capital over the past decade, as PDN has as well.
Can I ask when you first bought into PEN?
@U92Bull, I appreciate your earlier post with a potted history...
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $334.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $1.047M | 10.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 9842754 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 4002799 | 32 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |