Under $55k of share traded has wiped off 6% or $10million from our market cap as I type.
I may have posted this before some time back - if so I apologise if I am repeating myself:
20 people own a house which the estate agents have valued realistically at $1 million.
Each of the 20 owners holds a 5% equal share of the house.
19 owners sit tight quite happy to let their 5% shares go up in value as the market strengthens.
1 owner is strapped for cash and manages to find someone to buy him out for $20k quickly as he needs the money.
The market does no more than look at the last sale/purchase transaction and concludes that if 5% is worth $20k - the house therefore is worth 20 x $20k = 400k.
Yet the houses on either side and in the next block are still valued at $1 million and a few which have been tarted up for sale are getting interest at $1.5 million.
Never a better example of the madness of market valuations.
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Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $210.4M |
Open | High | Low | Value | Volume |
18.8¢ | 19.0¢ | 18.3¢ | $210.7K | 1.119M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9142 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 142409 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9142 | 0.185 |
6 | 552861 | 0.180 |
2 | 252858 | 0.175 |
5 | 280382 | 0.170 |
4 | 332000 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 142409 | 1 |
0.195 | 318849 | 5 |
0.200 | 566871 | 9 |
0.205 | 360991 | 6 |
0.210 | 5200 | 1 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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