There is an incorrect perception out there that consolidation reduces value. It is the only reason I can think of why the SP has fallen rather than risen after this most promising announcement.
The research on consolidation suggests overall it is positive and I think many potential investors will have this confirmed by their brokers/ financial advisors.
I expect a share price rise in a couple of days after advisers have run the slide rule over the features of the announcement. As King Kev says, quite a lot to digest.
http://www.portfoliodirect.com.au/MiningJournal/MJ110915_consolidate.pdf
Consolidation
-
- There are more pages in this discussion • 10 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 SRL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
41.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.99M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.0¢ | 39.0¢ | $5.695K | 14.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6127 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 2909 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| SRL (ASX) Chart |