If I may, a very simple example:
Two cashboxes list on the stock exchange.
Company A raises $100 million, issues 100 million shares and lists on the stock exchange.
Company B raises $100 million, issues 100 million shares and lists on the stock exchange.
Both shares trade at $1.
Company A quotes 100 million shares, Company B quotes 20 million shares and escrows the remaining 80 million shares for a year.
Is it seriously being argued that Company B's market capitalisation is $20 million?
For what use can this figure be a worthwhile valuation for future earnings or for a comparison to other companies?
Is it seriously being argued that Company B should trade at $5 so the two companies have comparable valuations?
Is it opposite day today on HotCopper?
If I may, a very simple example:Two cashboxes list on the stock...
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $27.57M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $108.5K | 8.458M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 13577678 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 416666 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PIL (ASX) Chart |