I have only seen smaller fund managers take positions in small cap stocks. The ones I have seen were doing investments from 2c to 7c with similar market caps as ECS. The funds were generally exclusive to small caps though, and they were likely sub $50m total value.
For a larger fund to take a position it would not be material for them to do so, without artificially increasing the stock price, let alone trying to accumulate enough shares to have a material impact on their overall Funds Under Administration, and drive any sort of returns.
Most (pretty much all) share consolidations in small cap space I have seen have been failures. The usual playbook is, share price is low, company looks no good. Sophisticated investors start to buy in -> company releases 'pump' announcement -> share consolidation & proceeding CR -> then over the course of the next few months the Sophs sell out as the share prices slowly dwindles down.
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Last
1.6¢ |
Change
0.001(3.23%) |
Mkt cap ! $20.61M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.6¢ | $2.602K | 162.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 2869103 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 224120 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 2869103 | 0.015 |
9 | 2067071 | 0.014 |
9 | 2389442 | 0.013 |
2 | 1050000 | 0.012 |
2 | 1225000 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 224120 | 3 |
0.017 | 380558 | 4 |
0.018 | 745278 | 5 |
0.019 | 817874 | 4 |
0.020 | 954251 | 8 |
Last trade - 13.57pm 09/09/2024 (20 minute delay) ? |
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