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Last trade a buy 1.412p buy, 67 million traded today - a great day considering no RNS.
ASX needs 13.5% rise to keep up with AIM.
Over to you Aussies.
Time for a late one methinks shaa!
ASX target SP 2.7-2.8c
13% rise.... so that's at least 0.2 as each one is about 5% but does it go 0.3
Prices on ASX can only go up or down about 5%...... it effects the UK gains and losses....
"Prices on ASX can only go up or down about 5%...... it effects the UK gains and losses...." ??
Can you explain that statement, I have seen ASX go up & down much more than that on quite a few occasions, bit like saying AIM is limited to +- 5% because it would affect ASX/Chi-X.
"Prices on ASX can only go up or down about 5%...... it effects the UK gains and losses...."
That is biggest piece of diarrhoea i have read on this BB in quite some time, obvious where you got your monicker (brownliquid indeed).
"hat is biggest piece of diarrhoea i have read on this BB in quite some time, obvious where you got your monicker (brownliquid indeed)."
so look at this:
https://www.google.co.uk/search?tbm=fin&q=ASX:+88E&stick=H4sIAAAAAAAAAONgecRowS3w8sc9YSn9SWtOXmPU5OIKzsgvd80rySypFJLmYoOyBKX4uXj10_UNDZMqU4ySLE3MeBaxcjgGR1gpWFi4AgDTldhSSAAAAA&sa=X&ved=2ahUKEwiKu5OQ0tvnAhVzsHEKHcXkAdwQlq4CMAB6BAgBEAI&biw=1815&bih=1021&dpr=0.8#scso=_-SBMXrDRPLCn1fAPmpW-6AU1:0
Chartmanreborn
why do we only ever get prices that move in 0.1 chunks.
This equates to ~4%/5% depending on current price exactly....
BroomBarb.... I mean in .1 price steps so if the price is 2.0 this is about 5%. if it was at 20 it would be 0.5%.
ASX can have a SP of 2.15 only 2.1.
At least that what it looks like to me.
okay so they should read 0.021 and 0.001 steps.
Shares listed on the ASX are quoted up to 3 decimal points as there are stocks that are priced below 1c. The lowestpriced security on the ASX is 0.1c or $0.001. The price of these stocks move in 0.1c or $0.001 increments all the way up to 10c. Thereafter the priceincrements are in 0.5c movements up to $2.00.
okay so do you see my point now..... ASX can only move up and down at the current price 0.02 roughly 4%/5% chunks.
So this perverts the UK/ASX price parity cause if there is a small change in the UK it may not translate to any change in the ASX market.
I know the gap between your ears is full of diarrhoea which must make it hard but do you get my point now? :-)
Perhaps you should consider how you phrase your points to prevent any misunderstandings of your intended meaning.
ASX / AIM price parity does not exist anyway IMO, i am sure all LTHers can remember many times where the 2 markets appear to be running out of kilter, normally expect something more like a leap frog effect.
well I don't write my points for stttttuuuuupppppppiddddd people..... who swear at people when they don't understand something.
Oh so you agree, and maybe now you now why.... small market changes can't map from one market to another.
So they can get lost from day to day.
From your initial post I thought that you were talking about ASX being limited to trading within 5% of AIM close,
I think that ASX actually trades to at least three decimal (AU$) and if I look at the HC intraday chart I can see trades at eg 2.35c but only reports to two places, but how it ultimately affects I do not know or indeed worry to much about as it is what it is, just like the weather in Alaska. :-)
9. Incorrect trading increments on ASX data
"Particularly an issue with free data, is that they round to two decimal places. Any security traded on the ASX that is under $2.00 trades to three decimal places (either 0.005, 0.001 ticks according to its price). If data is only quoted to two decimal places the data can be dozens of percent inaccurate."
https://www.aussiestockforums.com/threads/best-data-for-me.18057/
Brownliquid - from your post history saw this comment from you.
"They should do as reverse split in the ASX market (1 for 10) .....
Or have the SP go up ten fold. :-)".
Please elaborate on this comment, maybe stating how many shares they should do this action on.
chartman I thought that there is a method of arbitration if the share price in AIM falls well out of kilter with AIM, but I am sure there are so many prerequisites that if we got into that situation the company would probably request a trading halt in ASX.
What I've been saying previously is that the shares are trading at near to the limits of the system. It cant really resolve small movements. One way to solve this is to do a reverse split of shares so for every 10 shares you own you are given 1 new share at 10 times the price. Then the share price can be moved at 10 times smaller chunks. So the parity between markets would largely be resolved.
ultimately this hopefully will be resolved by the share price going up 10 times.... or more!
I think we have suffered from small changes in the UK being lost overnight because they are not large enough to move the ASX market by the chunk size.
...so the next day the UK trader comes in and looks what happened overnight and it looks like it has gone down overnight.
The uk opening price gets set accordingly..... down a bit.... and the previous days gain has gone away.
Anyway, thanks Chartmanreborn and Brombarb for at least trying to understand what I'm trying to say !
I and lets no have any more talk of Chris Rea's brother Dai it's the road to hell !
Condescending or what?
errrrh......?? What! If anything I was condescending myself..... I could of maybe explained better... calm down feller. :-)
"Thanks for trying to understand", assure you we both understood exactly what you meant despite you referring to at least one of us as stupid.
Brownstuff, consolidation and reverse split are the same thing. Both have been ruled out for 88e, the topic is dead.
LeMajor
Okay I’m aware of both terms, I’ve only been around 88e a few months and missed anyone talking about it.... at risk of going on I I’ll shut Up :-)
ChasssttomanReeeeeeeeeborn you can’t have it both ways.... I do think this outburst was a little strange?
To quote “
That is biggest piece of diarrhoea i have read on this BB in quite some time, obvious where you got your monicker (brownliquid indeed).”
I’m not sure you did understand did you?
Anyway like others before I’m filtering you out....