Thanks for your post James, I thought it was a reasonable discussion of the issues involved.
I know that mostly on HotCopper people get MC wrong, sometimes when they're out by a factor of 2 or more (as in this case) I'm tempted to point it out. This discussion could be repeated on a number of stocks tomorrow.
I understand people are getting these smaller MC numbers from their trading platforms, but I think it's clearly wrong to exclude issued but unquoted shares from a MC calculation.
I also think that excluding options that are deep in the money (regardless of time to expiry) is also wrong, but I know that plenty here think that way.
To put all this in another way and bring it back to CYS:
If I were to make a full cash takeover tomorrow for CYS at today's closing price of 44.5 cents a share, how much would it cost me?
The answer to this question is how much the market today values the entire company at, ie the market capitalisation.
The answer isn't $14 million, so what meaning or use can that figure have?
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.84M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $350 | 50.00K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 92957 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 4920500 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 92957 | 0.007 |
21 | 13176169 | 0.006 |
12 | 12106433 | 0.005 |
5 | 9750000 | 0.004 |
5 | 14166670 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 4920500 | 10 |
0.009 | 5692296 | 11 |
0.010 | 7451123 | 11 |
0.011 | 7420090 | 7 |
0.012 | 5418379 | 9 |
Last trade - 15.47pm 08/10/2024 (20 minute delay) ? |
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