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.
You fail to understand that some insto's(mainly US based) can...
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Last
31.5¢ |
Change
-0.015(4.55%) |
Mkt cap ! $257.7M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 30.8¢ | $6.836M | 21.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 759455 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 333627 | 11 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |