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19.5¢ agrimin limited

Ann: Oversubscribed SPP Raises $5M, page-6

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dwb15

173 Posts.

17

23/02/22

22:40

Post #: 59774337
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Originally posted by Ricmond88: ↑

It works effectively like a share split, so yes, all shares are worth slightly less but there are more of them. From reading the justification, it seems the BOD think this will increase liquidity.

I don't see the point, however I have heard people talk as if SP rather than MC is what determines value. For example "this share is only 30c so it is easier for it to double than that one which is $1.". So maybe "cheaper" shares will react more to good news... Although, would not have thought a 6:5 share split would do much. a 10:1 split to 3.6c might bring in the DT crowd but that isn't my cup and of tea. I would rather they just save themselves the time and effort and keep the SOI as is (after CR).

Point to note is that value may also he created if investors miss the record date, i.e. the expectation is the share price will drop 18% after the record date passes to reflect the extra shares, if this doesn't happen due to wider investor confusion then that would provide value to shareholders.

Happy for someone to correct me, however that seems to me how it will work.

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Anyone who buys shares purely due to the price should have to hand in their Commsec account.

AMN Price at posting: 36.0¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 19.5¢		Change -0.010(4.88%)		Mkt cap ! $65.76M

Open	High	Low	Value	Volume
20.0¢	20.0¢	19.5¢	$21K	105.5K

Buyers (Bids)

No.	Vol.	Price($)
3	180541	19.5¢

Sellers (Offers)

Price($)	Vol.	No.
21.5¢	2363	1

View Market Depth

No.	Vol.	Price($)
3	180541	0.195
3	71500	0.190
2	40000	0.185
6	64332	0.180
1	34285	0.175

Price($)	Vol.	No.
0.215	2363	1
0.220	29930	1
0.230	25000	1
0.240	21007	2
0.255	18888	1

Last trade - 11.32am 29/07/2024 (20 minute delay)

AMN (ASX) Chart