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
$1.30 |
Change
0.068(5.49%) |
Mkt cap ! $1.427B |
Open | High | Low | Value | Volume |
$1.22 | $1.31 | $1.21 | $6.320M | 4.988M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 12389 | $1.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.30 | 49935 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 28022 | 1.295 |
10 | 51107 | 1.290 |
10 | 41501 | 1.285 |
7 | 57682 | 1.280 |
7 | 80232 | 1.275 |
Price($) | Vol. | No. |
---|---|---|
1.300 | 39997 | 13 |
1.305 | 118247 | 9 |
1.310 | 33282 | 6 |
1.315 | 96021 | 6 |
1.320 | 41702 | 7 |
Last trade - 11.10am 24/07/2024 (20 minute delay) ? |
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