"The only time that shareprice is critical to a company is on listing with an IPO or if they need to carry out a capital raising at some stage."
Not quite true. It matters when it comes to setting executive options.
Allco execs who were sold out by their margin lenders ( allegedly ) at around $2 now have the gall to want to give themselves billions of cheap options to replace them. After losing 97% of the shareholders money.
These Allco executives currently have an INCENTIVE to push the price down to get the options cheaper.
Expect a LOT of cheap option gifts to big bank execs and directors this year.
"The only time that shareprice is critical to a company is on...
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Last
$139.51 |
Change
0.710(0.51%) |
Mkt cap ! $233.7B | |||
| Open | High | Low | Value | Volume |
| $139.45 | $139.88 | $139.00 | $154.9M | 1.132M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 449 | $139.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $139.51 | 42 | 4 |
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| Last trade - 14.22pm 30/08/2024 (20 minute delay) ? |
| CBA (ASX) Chart |