SBR 14.3% 1.6¢ sabre resources limited

Ann: Consolidation of Capital, page-2

  1. 7,556 Posts.
    lightbulb Created with Sketch. 704
    OMG this says it all:

    The Consolidation is anticipated to provide a more effective capital structure of the Company and amore appropriate share price for a wider range of investors.

    yes more effective capital structure - rinse repeat, as for more approriate SP thats got me beat as overall value of holdings should (if one believes that SP will increase in proprtion to consolidation) be the same. SP may be better but overall no impact on SH wealth if the status quo remains.

    anyhow time will tell - lets wait for the next CR which IMO will be fairly quickly.
 
watchlist Created with Sketch. Add SBR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.