We agree on something BB! Share consolidations are generally bad news. They must be done under the right conditions or all you'll see is a gradual decline back to nothing.
It's all about market cap.
If it's done correctly, a share consol could work as there is the psycholgical effect of having fewer shares on issue and not appearing as a 'penny dreadful'.
announcement, page-13
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$2.84 |
Change
-0.010(0.35%) |
Mkt cap ! $198.4M | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.85 | $2.73 | $252.1K | 91.06K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 199 | $2.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 189 | 1 |
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