I agree Milesy. The market misunderstood the meaning of...

First 8 Last

Share
Profile

Follow
jimk3758

23,989 Posts.

83

29/11/17

10:29

Post #: 29205683
Share

Originally posted by milesy ↑

This is one of the clearest announcements I have ever read.

I think it was written and marked price sensitive by the ASX out of pure surprise over the price and volume action yesterday.

Given the size of the consolidation, along with the amount of value that will be attributed to shareholders post consolidation, the pump yesterday was almost inconceivable and given the high number of retail investors, both the company and ASX must have beloved the announcement was misunderstood and needed clarification.

They even give an example

1 For example, a shareholder currently holding 100,000 shares would hold 1,000 shares after giving effect to the proposed share consolidation.

2 For example, the 13.7 million shares that traded on 28 November 2017 currently represent 3.9% of shares on issue. Assuming the recapitalisation and share consolidation resolutions are passed at the AGM, these shares will become ~137,000 shares and represent a ~0.2% interest in the post-recapitalisation Company.

In a nutshell, they are stunned that the share price is above 0.1c let alone rallying 30%+ to 5.2c.

As are most of the rest of us.

Milesy

Expand

I agree Milesy. The market misunderstood the meaning of yesterdays announcement (or else AC is acquiring). The company made today's ANN just to make the meaning crystal clear. Shareholders have been warned.

SGH Price at posting: 4.6¢ Sentiment: Sell Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

First 8 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $51.61		Change 1.520(3.03%)		Mkt cap ! $21.00B

Open	High	Low	Value	Volume
$50.59	$52.05	$50.35	$23.49M	454.7K

Buyers (Bids)

No.	Vol.	Price($)
2	3110	$51.53

Sellers (Offers)

Price($)	Vol.	No.
$51.92	294	1

View Market Depth

No.	Vol.	Price($)
1	96	51.060
1	100	50.850
1	130	50.750
1	50	50.040
3	1150	50.000

Price($)	Vol.	No.
52.030	700	1
52.040	985	1
52.200	100	1
52.500	617	3
52.640	96	1

Last trade - 16.10pm 18/07/2025 (20 minute delay)

SGH (ASX) Chart

I agree Milesy. The market misunderstood the meaning of...

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I agree Milesy. The market misunderstood the meaning of...

Top Stories

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News