Hi ARMCH,
Correct. However the ASX is like a bloodhound at the end of a Financial Year (say around 30-6- each year.) 30th June yearly is a an important date for Coy values.........
Why you may ask...........:-
Just imagine a Company XYZ share price.... is $1.00 and market cap say $15,000,000 (15,000,000 shares at $1.00) Its not a liquid stock, doesn't trade regularly.
ASX Market currently is 'last sale $1.00 and the -Bid (buy) Ask (sell) spread is:-
Quant. Bid Ask Quant. Last Sale Quant.
10,000 $0.85 $1.01 15,000 $1.00 15,000
Along comes Joe Blow want to sell 250 at $0.85 --- just to drop the Market Cap to $12,500.000 as He/she/another Coy (competitor)
wants to make a mark on the XYZ Coy .. The XYZ Coy has been Market Cap devalued by appx 17% by a trade of 250 shares.. If he/she/Coy holds 250 or more they can trade .. However the Broker must investigate WHY/WHAT REASON for a sale .
Interesting isn't it... some times the ASX may investigate strange trades during the year.
But trades like at the close down $0.005 1 share 197 - 237 etc etc and others ..............................seems no go !!!!
To ascertain the change in Market Cap value of $0.005 at one share multiply the No shares on issue by the $0.005 so AJX appx 288,900,000 x$0.005 = $1,450,000 appx . 1 share at $0.005 could devalue the Coy by $1,450,000 (appx) And of course vice virca
Note all appx for this exercise. How do you reckon the Directors feel when they see this ... and yet have little control over it????
That's the market .... Think its FAIR ??????????????
I remember a past Prime Minister saying ... 'That life is not fair'
How do you consider ' FAIR'--- your choice ! !!!!
All IMHO. DYPR
Keep safe AJX'ers
The Phantom
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.46M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 42000 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 11400 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 42000 | 0.012 |
2 | 3999999 | 0.010 |
5 | 2072715 | 0.009 |
3 | 1186222 | 0.008 |
2 | 240000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 11400 | 1 |
0.015 | 801200 | 3 |
0.016 | 429958 | 1 |
0.017 | 321118 | 2 |
0.018 | 115942 | 2 |
Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
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