Found this on the web
So, why do companies do share consolidations? Generally, there is greater interest in a company’s shares post-consolidation. This may be partly psychological; a company may feel more solid if it has a share price say above $10 (which is crazy really). And some institutional investors may even have a mandate to invest only in shares above a particular price point.
Heedlesspage mention in a earlier post that it gives the possibility of doing Cochlear type numbers if things go right.
COH closed on $236 with a MC of 13.71 Bn and share issue of 57.83m.
We will need a MC of 1.3Bn to match COH's $236 as we have one tenth (post consolidation) of the number of shares.
Trying to keep positive!
Proposal to be considered at EGM, page-62
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