Very thin volume on the bid side as well, just needs one half-decent ask to drop into the bid to wipe the line to $1.00
Don't like these very low liquidity, big spread and tiny recent trade stocks. Too hard to make a buck.
Agree...TA is also unreliable..So I assume programmed traders would tend to avoid these stocks as well.
VGL has 233M shares on issue so it's lack of trading liquidity is rather surprising until you look at the top20 holding most (79%) of the shares..Mostly managed fund managers /Custodians/Nominee companies. The holdings seem complex but the Annual report does indicate the voting rights figures and the top 3 fund mangers control 40% of the voting rights.. Fisher Funds being one has about 15% control. Also mentioned is ACC which has recently become a substantial shareholder (5%)...Annual Report page 53 / 85.
its not about the quality of some movies and un doubtably some do very very well its the quantity of good movies. movie theatre's need quality volume to keep the punters going every week. sadly the volume of quality is thin thats why it will be a struggle for theatre's on going.
even the straight release to streaming is not helping
The volume of sales (US$) are tending upwards each year since the 2020 covid crash...Looking at the bar chart there seems to be good upward momentum trending now at about 60% of pre covid..The Vista forecast is back to pre covid levels by 2025..but I personally don't bet all my money on forecasts especially 3 or more years in the future Annual Report page 10 / 85
Reply With Quote
Originally Posted by Baa_Baa
Bookmarks