Aspermont shares consolidate, Unmade Index continues shocking run
Aspermont shares jumped 24,900% today and left the mining tech and information company exactly where it started, after a 250-for-1 stock consolidation.
The reduction from billions of shares to millions was a matter of financial hygiene. We are promised less volatilty in future.
ARN, which has seen its market cap drop $10m in a month, was the first among the real risers, up 3.03%.
We await the news of Kyle Sandilands’ serious misconduct breach with bated breath. Will ARN find he has remedied the breach within its 14-day deadline, or will they terminate his $100m, 10-year contract? We are told the deadline expires at midnight.
Pureprofile was up 2.56%, News Corp up 2.24%, Enero up 2.13% and Southern Cross up 1.72%. That’s a lot of positivity for an Index that somehow managed to still be in the red (down to 350.2, -0.07%).
Losers were led by Motio, down 12.24%, well clear of the rest. SEG fell 2.04%, Ive was down 1.54% and Ooh Media fell 0.55%. Nine, Vinyl, GTN and Gumtree were flat.
