And you'd still have nearly twice the number of shares on issue at 1 for 10 as opposed to 1 for 17.
They made a concerted effort to reduce the number of shares on issue. That was one of their main objectives.
Apparently that doesn't make everyone happy.
There will be less shares to be traded. There are plenty of stocks on the ASX whose prices are clogged with millions of shares on either side of the current trading price because they have far too many shares on issue.
Let's not forget that people were complaining about the number of shares on issue some months back. Guess they will be delighted to see this sort of reduction.
Cheers,
T
vote no, page-26
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SRT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.19M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23000 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 100 | 1 |
View Market Depth
| Last trade - 10.08am 15/07/2024 (20 minute delay) ? |
| SRT (ASX) Chart |
Day chart unavailable