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
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $182.7M |
Open | High | Low | Value | Volume |
16.5¢ | 16.5¢ | 16.0¢ | $203.5K | 1.234M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 184305 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 39662 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 184305 | 0.160 |
2 | 175000 | 0.155 |
3 | 192301 | 0.150 |
1 | 100000 | 0.145 |
1 | 121200 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 39662 | 1 |
0.170 | 175000 | 3 |
0.175 | 220610 | 5 |
0.180 | 634447 | 4 |
0.185 | 400025 | 6 |
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