HMC 1.47% $12.45 hmc capital limited

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  1. 7,432 Posts.
    xmagx,
    greetings.yes it's really only Market Cap BUT there is Perception that is improved by a Company being taken out of the Penny Class Swamp.
    This HMC has too huge a Shares on Issue.When it runs at 20 cents>,it CAN be come highly attractive to Arbitrage.A single .05 tick or a one cent rise can activate Selling by THEY[d'dreaded Day Boys]picking up their Grand a Day.Such Activity increases the Sell in Suppy and Demand ergo Kills It!

    I feel this makes a share UnAttractive to "Proper Type" investors and while the same thing can happen to a S1 share,there seems to be a perception that a Buck$ share,especially that pays any dividend,is a "Better" More Worthwhile speculation in the "Emerging Industry" class than a penny punt.
    ie The punter/pilgrim holding a $1 ish HMC gets more cred at BarBques!!
    cheers.
    ps-tell me more about any Family Holdings,Substantial Holders etc.
 
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Last
$12.45
Change
0.180(1.47%)
Mkt cap ! $2.909B
Open High Low Value Volume
$12.51 $13.16 $12.31 $26.56M 2.104M

Buyers (Bids)

No. Vol. Price($)
5 36812 $12.45
 

Sellers (Offers)

Price($) Vol. No.
$12.47 6772 1
Last trade - 16.10pm 27/11/2024 (20 minute delay) ?
HMC (ASX) Chart
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