As for talking about a share split why would you even contemplate that. The competitive advantage of wa1 is the low shares on issue. You don’t want to have more shares on offer so that the manipulators can get and then place on the sell side. If the news and momentum of the stock is always positive then the share price will also move higher with lower shares on issue when compared to a higher number on issue. This is just basic supply versus demand. The company also needs to raise money at some stage so you would want the highest price possible and having less shares on issue has the best chance of the share price moving to higher levels because of the less chance of institutional manipulation.
we could have a Poseidon type stock here and keeping the shares as low as possible gives us the best chance of that.
General discussion, page-6295
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Last
$14.60 |
Change
0.980(7.20%) |
Mkt cap ! $947.0M | |||
| Open | High | Low | Value | Volume |
| $13.55 | $14.65 | $13.51 | $4.806M | 339.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1102 | $14.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.60 | 599 | 1 |
View Market Depth
| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |