footynbeersYour points all sound valid of course. But do not actually justify the action - in my opinion.
Like I said, at a forward PE of say 30, this stock does not have any valuation problems that need addressing by improving liquidity.
Share registry costs go up for the number of shareholders in the company, so this change does not come without expense.
I would have preferred that management spent their time and the company's money on legal and admin costs focusing on better things.
I cannot say any more than I have already.
I would be happy to buy 1 share in Berkshire Hathaway for US$300,000 and would not feel any better off to own a 100 shares with the same total value.
Gosouth
footynbeersYour points all sound valid of course. But do not...
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Last
$4.92 |
Change
-0.180(3.53%) |
Mkt cap ! $483.8M | |||
| Open | High | Low | Value | Volume |
| $5.02 | $5.10 | $4.83 | $680.9K | 138.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 363 | $4.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.92 | 523 | 1 |
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| Last trade - 16.10pm 21/11/2024 (20 minute delay) ? |
| AEF (ASX) Chart |
