NDO
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0.00% 88.5¢ nido education limited

Camma,It will reduce the spread - when the shares are trading...

  1. p1000
    1,012 Posts.
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    08/04/09
    17:10
    Post #: 4996700
    Camma,

    It will reduce the spread - when the shares are trading around the 10-15c range the increment for bids is .5c - that is 5%.

    Post consolidation the increment will be 1c and the shareprice around $1 - which is a minimum spread of 1%.

    The result should be more liquidity in the shares.

    It is also probably a bit of "brand positioning" to distinguish NDO from junior juniors.

    p1000
    NDO Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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