You bring up several points which are worthy of follow up....
Yes..NMI does have a larger no. of shares on issue ..but consider this..
Take out Top 20 in both stocks and you have roughly around same
no. of stocks in balance..say 100mill. .Thus the number of shares on
issue becomes secondary in this instance. So if both stocks had similar
quality announcements ...then sp impact..assuming a sellers strike in
Top 20..could be roughly the same...
Hence my glee with buy..in for NAE early this year at around 0.005c..when
NMI over same period has not fallen below around 0.015c in comparison
Hence my conclusion that NAE sp is now starting to reflect true value
after being, in my opinion way over sold in comparison to NMI
Cheers
Ann: Quarterly Activities and Cashflow Report-NAE.AX, page-18
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.175M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $6.18K | 1.536M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1207245 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 25327472 | 24 |
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| Last trade - 14.53pm 12/07/2024 (20 minute delay) ? |
| NAE (ASX) Chart |