Not manipulation - just a typical problem with any company whose shares are very thinly traded. The company has about 100M shares but nearly 90% of these are held by the top 4 shareholders. This leaves a mere 10M available for trade and a fair guess much of this is also held by longtermers (like myself) and again is not available. The net result is a very small daily turnover, generally less than 20000 shares and often zero.
With a very sparse buy/sell list large gaps between buy&sell are quite common.
My suggestion is to put them in the draw and wait for dividends to start flowing - hopefuly this will increase heaps over the next couple of years now the expansion program has almost finished.
Not manipulation - just a typical problem with any company whose...
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Last
$4.16 |
Change
0.010(0.24%) |
Mkt cap ! $408.4M | |||
| Open | High | Low | Value | Volume |
| $4.15 | $4.17 | $4.15 | $21.20K | 5.094K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1568 | $4.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.16 | 529 | 1 |
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| Last trade - 14.35pm 12/07/2024 (20 minute delay) ? |
| SRV (ASX) Chart |