HTA 0.00% 2.7¢ hutchison telecommunications (australia) limited

strange company... capital structure ?

  1. 7,495 Posts.
    lightbulb Created with Sketch. 74
    This is a large company by revenue and market cap.

    Trading at loss, mostly by assets write down and depreciation. They hold very little cash $19 mil on a $2.1 billion annual revenue.

    However, the huge number of penny shares at the moment is strange to me.

    13.573 billion shares x 4.4c = $600mil market capital with low liquidity trading is very strange.

    0.1c movement = $14mil market cap movement..

    Do you guys think shares consolidation is on the agenda ?

 
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Last trade - 16.12pm 22/11/2024 (20 minute delay) ?
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