Hi
I would have to agree if a small retail investor like me wishes to invest in companies on the Australian stock market there are one set of rules.
ie. I can't sell or buy an unmarketable parcel - $500 worth of shares ( brokerage usually makes this uneconomic anyway )
and I can only trade in 1/2 cent increments over 10 cents per share .
Just these two glaring differences give me the impression that there is no level playing field, allowing unethical behaviour (rorts ).
It would seem to me that one with a large shareholding ( non retail ) has the ability and the wherewithal to cap a share price or even drive it down.
Now why would they do this?
Not an long term investor as they would want to see capital growth and a future dividend stream - like me.
Could it be that they wish to buy out a company for far less than it is worth? In the process robbing retail investors of a companies future promise?
Now as regards SPR I am long from GCY days and am pleased with the current team and their results.
I previously noted Euroz had a price target of $1.20 per share based on progress to that date.
So I too am dismayed when I see daily, a constant stream of trades of unmarketable parcels some of just 1 share and some just .2 of a cent per share below the last trade .
So SPR unfortunately if it is to succeed has to spend effort navigating the rough terrain of the Australian stockmarket as well as their expertise in exploration and mining .
I wish all my fellow long term investors and the SPR team a successful and prosperous future.
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Last
$1.38 |
Change
-0.040(2.83%) |
Mkt cap ! $1.521B |
Open | High | Low | Value | Volume |
$1.42 | $1.42 | $1.33 | $11.47M | 8.356M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $1.37 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.38 | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 1.370 |
1 | 25000 | 1.350 |
3 | 56245 | 1.345 |
4 | 76780 | 1.340 |
3 | 44637 | 1.335 |
Price($) | Vol. | No. |
---|---|---|
1.375 | 100000 | 1 |
1.380 | 41780 | 1 |
1.385 | 41780 | 1 |
1.390 | 68959 | 3 |
1.395 | 116780 | 2 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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