"People trade monetary values, not volumes of shares!!!"
I disagree vendor
Take TOX as an example ... Zillions of shares on issue! The moment they had a share consolidation the share trading dynamics began to change! Prior to that it was a day-traders toy-thing! Frustratingly for serious investors it just went nowhere. Post consolidation, the day-traders moved on to more liquid stocks & TOX hasn’t looked back. Serious investors began to buy a serious player in their sector with the shares trading at a serious price.
The same happened to CGF, insto's became more serious about buying in and away it went.
Will the same happen to DYL? Who knows, but with over a billion shares on offer, a 4:1 consolidation would make it more interesting to instos, and less attractive & vulnerable to traders & players. Certainly it would be taken more seriously by the Nth American market who rate anything under $2 as a penny spec
Cheers
"People trade monetary values, not volumes of shares!!!"I...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DYL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.54 |
Change
0.055(3.70%) |
Mkt cap ! $1.493B | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.56 | $1.50 | $8.102M | 5.283M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6005 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.54 | 3644 | 1 |
View Market Depth
| Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
| DYL (ASX) Chart |