You fail to understand that some insto's(mainly US based) can not buy shares under a certain value. Of course it does nothing to change the value of the company, that is obvious.
Having a smaller number of shares on issue is a distinct benefit though.
Ann: Proposal for Share Consolidation , page-8
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Last
35.5¢ |
Change
0.020(5.97%) |
Mkt cap ! $274.1M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 35.5¢ | 33.0¢ | $1.329M | 3.829M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 288497 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 93491 | 4 |
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| Last trade - 12.20pm 10/10/2024 (20 minute delay) ? |
| SBM (ASX) Chart |