no to consolidation, page-2

I have been one of the biggest whingers about how many shares bly have on issue, so think this will be good.

Ken, you will get your wish to sell at 3.50, just cross your eyes when you look at how many shares you sell, it works.

Otherwise, the exercise is simply one of psychology. I have pointed out before that bly is the second cheapest share in the ASX100. Only six under $1. It is simply a cultural thing that Australian blue chip shares trade in the roughly $1-$30 range. Americans like their shares to be $50, $100 or that sort of range (always bigger than anybody else). Don't minimise the importance of this.

As mentioned the eps looks better, and the traders will be fighting over 5cents instead of half a cent, so it will be easier to fine tune your trade.

Better boarts do this now in a rising market, but agree there could be a short term movement down.