Consolidations always leave a nasty after-taste. There is only ever one reason why a company consolidates shares: it needs to raise capital and can't do it at their current share price. So not only does the consolidation signify imminent dilution, it creates more space for the price to drop.
Consolidations always leave a nasty after-taste. There is only...
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $30.39M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $19.26K | 169.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16292 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 68449 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RFX (ASX) Chart |