A certain theory goes that the less number of shares on issue the better because when something good happens there are less shares available to purchase so the demand will out way the supply by a long way and thus push the share price higher than if there was 900,000,000 shares for example. But the secret is to get into your position before news comes out. I'm not saying there is any news coming out, I've sold out of these, just thought I'd add something to the discussion.
logic behind the 1:10 consolidation, page-14
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Last
61.0¢ |
Change
0.020(3.39%) |
Mkt cap ! $115.7M | |||
| Open | High | Low | Value | Volume |
| 59.5¢ | 61.0¢ | 59.0¢ | $23.29K | 39.11K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2523 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 5000 | 1 |
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| Last trade - 15.27pm 04/10/2024 (20 minute delay) ? |
| SDV (ASX) Chart |