@slick
I had a stock a few years ago that did a 20/1 consolidation with a similar quantity of SOI like IMU. It was quite funny. There was a lag time between announcement and implementation as they held a meeting over it before hand. During that time there was a massive frenzy buy up as the shares had dropped in price substantially before the announcement.
I guess many panicked, having the belief that after the consolidation their share count would look measly in the grand scheme of things. I agree that cages will be rattled, in many ways. Unfortunately for that stock I mentioned the share price did not improve. That was simply because it was a crappy company with very poor management and there isn’t much that can fix that. IMU is very different. I would prefer it to happen after some good news, then I’m all for it.
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@slickI had a stock a few years ago that did a 20/1...
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Last
5.2¢ |
Change
-0.001(1.89%) |
Mkt cap ! $382.1M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.1¢ | $674.9K | 12.90M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 45087 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 519803 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 45087 | 0.052 |
11 | 671034 | 0.051 |
81 | 7658639 | 0.050 |
23 | 3483045 | 0.049 |
19 | 831259 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 384611 | 4 |
0.054 | 2188679 | 7 |
0.055 | 670630 | 7 |
0.056 | 1929043 | 11 |
0.057 | 1626859 | 12 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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IMU (ASX) Chart |