Yep, all the brokers I read suggest being removed from the index is a done deal, we will find out first week of June for sure , implementation a week later. Vanguard alone has 20 million shares to sell indexed to the 300. That will complete SYRs fall from grace, it will then officially be a penny dreadful in the hands of retail investors, and we just don't have the wallet that instos have.
I found the chairman's address totally soul destroying, totally detached from reality. Rewarding management for airy fairy KPIs based on factors that only a serious company would use. The fall from $2 to 20 cents this years seems to have been totally missed by management. !!!CEO Shaun Verner only owns 260,701 ordinary shares MASSIVE RED FLAG!!!
Anyway, still like the dream that we can flip to cash flow positive quickly, but not sure management will care with zero skin in the game
ASX300, page-2
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Last
22.5¢ |
Change
-0.020(8.16%) |
Mkt cap ! $232.8M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 22.5¢ | $2.259M | 9.657M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 240034 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 212500 | 3 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| SYR (ASX) Chart |