This may help! Info from a UK site https://wiki.timetotrade.eu/Share_Splits_&_Consolidations
but the same for the ASX.
Alternatively a share consolidation or reverse share split can be used to increase the value of the share. Share consolidations are used as a means of making a share more attractive to institutional investors who consider penny shares too volatile.
and;
- There would be no financial impact on the company, other than administration fees, because there are no cash flow changes involved in executing a share split.
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Mkt cap ! $44.81M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 31741 | 48.5¢ |
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Price($) | Vol. | No. |
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49.0¢ | 200000 | 1 |
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---|---|---|
1 | 31741 | 0.485 |
2 | 14999 | 0.480 |
1 | 10000 | 0.475 |
3 | 107553 | 0.470 |
1 | 50000 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 1786 | 1 |
0.500 | 15000 | 1 |
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