A consolidation will DECREASE liquidity, yes the minimum spread is potentially tighter but there are less shares to go around. Companies do this when they have a shitload of shares on issue to allow the price to move a bit more freely. NDO has over 1bil shares on issue, so a definite candidate. FMG did the opposite a while back..ie. 10 for 1 split.. .this is to increase liquidity as stock was getting a bit scarce around the $70 mark.
Cheers
share consolidation, page-25
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Last
85.3¢ |
Change
-0.028(3.13%) |
Mkt cap ! $194.4M | |||
| Open | High | Low | Value | Volume |
| 86.0¢ | 86.8¢ | 85.0¢ | $68.72K | 80.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 2424 | 1 |
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| Last trade - 15.46pm 11/10/2024 (20 minute delay) ? |
| NDO (ASX) Chart |