tcf
A fourth reason for some companies to consolidate is to confuse memory about share price history ! IMO this is not one of HGO Board's reasons - though they may have some residual embarrassment about the initial failure to get Kanmantoo operating well with contract mining, and the run down from pre-consolidation SP of 50c at start of CY2010.
I think that the reason was principally your first one - psychological. Institutions don't like to invest in companies with SP around 10c, and need to see something closer to $1 to feel "investment institution comfort". I think that "investment institution comfort" needs a share price above about 80c and a dividend of 2+cps. And it is purely psychology - same company results (but with 8x number of shares) with SP of 10c and div of 0.25+cps doesn't feel like it makes the grade.
IMO of course (and good to be skeptical of motivation)
tcf A fourth reason for some companies to consolidate is to...
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Last
6.2¢ |
Change
-0.001(0.80%) |
Mkt cap ! $130.9M | |||
| Open | High | Low | Value | Volume |
| 6.2¢ | 6.2¢ | 6.1¢ | $21.30K | 346.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 6.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.2¢ | 244250 | 1 |
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| Last trade - 10.12am 12/11/2024 (20 minute delay) ? |
| HGO (ASX) Chart |