This article describes a few examples of positive outcomes in share consolidation. Ultimately the outcome is dependent on motive, as BCN clearly has nothing to hide, a consolidation would be to ward off negative activity and attract new buying, both retail and institutional.
IMO we are unlikely to see share price growth until management declare their renewed desire for it, which if they are serious about it should be declared by first cleaning up the registry along with a statement intent and a clear path for growth with a 5 year plan. Until further notice we are a dividend paying stock, which means those who are inclined to invest here are happy to see share price errosion to soak up cheaper shares yielding greater dividend returns. The more shares that can be acquired whilst pushing down the price the better in their eyes. Whilst retail investors sit around hoping for a reversal, and others abandon hope into the very hands they were waiting to "save them". Investing is a rough game.
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