I was just looking at this,
i think BCN needs to consolidate if it wants leverage and a better market position.
Take VOR for example thats recently done a 20:1 consolidation. before it struggled to even move out of 1c now its at the equivalent of 1.7c
BCN has good figures coming in and that alone should do the talking but with the amount of shares running wild it caps it very hard.
It just makes sense as companies can leverage shares for acquisitions and the like without hurting the bank. if they were to do that now its just adding more weight to the heavy capped SP.
my two nuts thoughts
Regards
I was just looking at this, i think BCN needs to consolidate if...
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Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $86.40M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.3¢ | $28.26K | 1.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1826847 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 295141 | 3 |
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| Last trade - 15.34pm 09/08/2024 (20 minute delay) ? |
| BCN (ASX) Chart |