That is an extremely foolish view. The company will ultimately revert to its true value and your share of that company will now be far less than it ought to be.
Having institutional investors on the register does nothing for shareholder value, while issuing millions of shares simply dilutes the holding of existing shareholders ensuring that future gains are eroded away.
Ann: Strong Shareholder Support for Share Purchase Plan, page-15
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Last
$1.32 |
Change
-0.080(5.73%) |
Mkt cap ! $1.146B | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.40 | $1.32 | $12.04M | 8.963M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 134196 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 40000 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| DRO (ASX) Chart |