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What do you mean by "floats of shares"?
What broker are you with?
What broker are you with?
Value Collector
Have courage, and be kind.
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that’s called market depth, not float.
a “float” is a new issue of shares, eg when a company first lists it shares, is also called and IPO(initial public offering)
see the link
https://www.thestreet.com/topic/46442/float.html
this is what I mean by float
a “float” is a new issue of shares, eg when a company first lists it shares, is also called and IPO(initial public offering)[/QUOTE]
https://www.thestreet.com/topic/46442/float.html
this is what I mean by float
a “float” is a new issue of shares, eg when a company first lists it shares, is also called and IPO(initial public offering)[/QUOTE]
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Ok, so what I do is go to the company announcements for a year on my broker's site or asx.com.au and scan down till I come to an announcement termed Appendix 3B. This is where they tell the market about new share or option issuance and then state the new total amount of shares trading plus other equity info..
If you can't find such an announcement by searching through a year it means they've issued no new equity and you can find the current amount of shares tradeable under 'research' or something -> financials. I'm not with Westpac so can't be more precise
Or you can keep looking through another year till you come to an Appendix 3B announcement
'Float' to me means the amount they initially list with, but might be wrong.
If you can't find such an announcement by searching through a year it means they've issued no new equity and you can find the current amount of shares tradeable under 'research' or something -> financials. I'm not with Westpac so can't be more precise
Or you can keep looking through another year till you come to an Appendix 3B announcement
'Float' to me means the amount they initially list with, but might be wrong.
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Well Matt from your post, on the meaning of 'the float'.
The float is the number of shares actually available for trading. Float is calculated by subtracting closely held shares -- owned by insiders, employees, the company's Employee Stock Ownership Plan or other major long-term shareholders -- from the total shares outstanding. At the right price, of course, the closely held shares may start to float. Funny how that works.
It would be difficult to find a website that would track that information, as can be seen by the points I have highlighted, those holders can sell their holdings at any time. There is no obligation for them to hold them.
So if they can sell them at any time WTF would anyone want to track it.
The float is the number of shares actually available for trading. Float is calculated by subtracting closely held shares -- owned by insiders, employees, the company's Employee Stock Ownership Plan or other major long-term shareholders -- from the total shares outstanding. At the right price, of course, the closely held shares may start to float. Funny how that works.
It would be difficult to find a website that would track that information, as can be seen by the points I have highlighted, those holders can sell their holdings at any time. There is no obligation for them to hold them.
So if they can sell them at any time WTF would anyone want to track it.
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Hi Matt …… Probably the only way to calculate what you are looking for (and it will always be subject to variation depending on the intentions of major shareholders/long term investors etc)
Total Shares on issue for a Co can be found in Annual reports/Presentations.
Theoretically, Major Shareholders/LT Investors are not generally Selling short term. The amount of Shares they hold can also be found in A/Reports/Preso etc.
So if a Co has 100 million shares on issue and the MSH's etc are holding say 50%, then you have a Float of 50 million shares that might be available for trading. I assume that is the kind of info you are looking for??
In reality, these numbers are just numbers. The majority of Stocks have (and need) plenty of liquidity to trade effectively, but the available "float" is probably never evident on the market depth screen.
If you are looking for an edge in trading low "float' Stocks, it can be a double edged sword as the lack of liquidity deters the majority of punters … you therefore may buy the stock of the century only to see it go nowhere for years.
In saying that, I agree, if you get in early on a Stock with future potential, the price movement can be exponential if punters get involved
Hope that helps a bit.
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Excellent! Post up a screenshot or link to show where you found the info if you could. Always good to have a reference for anyone looking for the same information. Cheers.
galumay
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I think the term you are looking for is "free float" as its sometimes called. Its the theoretical number of shares available to retail investors. You have to be careful what you extrapolate from it, the free float is only theoretical, none of those retail holders may be sellers, or the institutional holders and others holding the non-free float (basically the top 20 shareholders), may put part or all of their holdings on the market at any time.
All it does really is give you a loosely comparative metric that approximates how many shares are held by smaller retail investors in a given business.
All it does really is give you a loosely comparative metric that approximates how many shares are held by smaller retail investors in a given business.
Knobby22
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Yes, as galumay said.
For an example look at Virgin Australia which has only as small free float as foreign airlines own most of the shares.
For an example look at Virgin Australia which has only as small free float as foreign airlines own most of the shares.
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