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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Mkt cap ! $93.91M |
Open | High | Low | Value | Volume |
2.6¢ | 2.6¢ | 2.5¢ | $7.606K | 299.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1681120 | 2.5¢ |
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Price($) | Vol. | No. |
---|---|---|
2.6¢ | 569064 | 3 |
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No. | Vol. | Price($) |
---|---|---|
7 | 1681120 | 0.025 |
6 | 1910118 | 0.024 |
8 | 910969 | 0.023 |
7 | 1248854 | 0.022 |
3 | 120095 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 569064 | 3 |
0.027 | 339206 | 2 |
0.028 | 8311170 | 5 |
0.029 | 5893660 | 14 |
0.030 | 4693827 | 12 |
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