That's concise, can you advise how you found that 65% shares on...

First 184 Last

Share
Profile

Follow
fumoyoda

2,795 Posts.

144

14/10/20

13:11

Post #: 48085460
Share

Originally posted by Mcintyb: ↑

The majority of SOI still exist on the ASX (approx. 65%), but obviously the clear majority of these are tied up in long term holdings. This adds a great deal to the volatility of ASX trading, plus my assumption is our market just does not have a clear understanding of what PM8 is so the potential is completely wasted here in Oz. That lack of mainstream understanding leads to those who do see the entire picture to simply load up and claim a greater stake in the company leaving less and less liquidity and no doubt flaming greater volatility for the volume remaining on offer. It's difficult to find many listings with a couple hundred million MC which increased in value 750% since Jan 1 and over 1400% since the lows in March, yet PM8 does not get a mention in mainstream rags and stock push websites. Compare that to APT, the service that provides no productivity value...

LSE market I'm assuming is similar in terms of liquidity based on the comments i read on their side. I'm assuming a vast majority of the largest holders including SWF and company directors have their holdings on LSE, which raises the question of eligibility to ASX200 and FTSE150 if liquidity remains a problem in years to come. That will probably sort itself out once the company is appropriately priced.

I sometimes feel the LSE is the parent dragging the ASX child in one of those embarrassing child harnesses because we cannot be trusted to follow direction. Today seems to be a perfect example where the LSE has let the tension go in the chain! For as long as I've been involved LSE has generally controlled the pattern and ASX has almost begrudgingly followed.

Personally l like to watch both markets and pay closer attention to LSE given IMO a greater maturity with the company, product and industry. Sorry a bit long winded and more of a bitch and moan than anything else! Will be an interesting night tonight.

Expand

That's concise, can you advise how you found that 65% shares on ASX ?

PM8 Price at posting: $1.42 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Failure to report prompts ASX to impose multiple company suspensions

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

IRE

Iress runs 'hot' for Wealth Within's stock tips

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger