While I am not in favour of a consolidation (and love the idea of a buy-back), the reason a consolidation MAY work is that a lot of investment houses have rules for buying stocks with low SP and from what I can see, Graham wants to place the company as a dividend-paying, suitable-for-retirement-portfolios, supporting-Aussies type of an entity. With a higher SP, perhaps it will come to the attention of a few more investors, more adventurous ETFs, but as I said, I am not in favour of a potential further drive down. A buy-back on the other hand, will increase the volumes (especially on those lull days where ntohing happens to the SP), which I feel will drive a bit mroe activity and get the word out about the company.
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Last
2.3¢ |
Change
-0.001(4.17%) |
Mkt cap ! $86.40M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.3¢ | $755 | 32.66K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 987881 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 1075783 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 987881 | 0.023 |
9 | 1526013 | 0.022 |
7 | 812647 | 0.021 |
5 | 5001841 | 0.020 |
1 | 30000 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 1075783 | 9 |
0.025 | 1942419 | 4 |
0.026 | 2336521 | 4 |
0.027 | 125000 | 1 |
0.028 | 3113333 | 3 |
Last trade - 14.39pm 03/09/2024 (20 minute delay) ? |
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