Share Price
Since May 2007 where commanders share price was sitting at $2.45 on the ASX, its share price had fallen to 8.2c at the time it went into administration. On 1 October 2007 the company was put into suspension from official quotation by the ASX due to Commanders failure to lodge reports to the ASX by the deadline. This effectively froze the value at 53c per share. On 18 October 2007 the company reinstated official quotation, within hours the share price halved.
On 30 January 2008 commander made 600 staff redundant. This increased its share price by 10%. However this share price was short lived, with the price back down to 19c within hours.
The share price did not recover and at time the company went into administration the share price was sitting at 8.2c
Read more about this topic: Commander Australia
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