Yes however the difference is that at $7 the share price would be lucky to double at best with a market cap of 9 billion IMO.
There will then be far too many shares on offer and you won't see the type of price increases from IPL that you have witnessed over the last 2 years again, well not with this company anyway.
To double your money is a good thing but I'm after much greater returns than that.
IPL has had it's run but unfortunately I don't think that the price is going to go very far from now on until the share split occurs.
After that I can see it going to 14 or so dollars over the next couple of years and that would give IPL a wopping 18 Billion dollar market cap!
Champ
incitec seeks approval for share split, page-15
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Last
$3.07 |
Change
0.100(3.37%) |
Mkt cap ! $5.619B | |||
| Open | High | Low | Value | Volume |
| $3.05 | $3.08 | $3.02 | $4.810M | 1.575M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 59366 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.07 | 28492 | 11 |
View Market Depth
| Last trade - 10.36am 17/10/2024 (20 minute delay) ? |
| IPL (ASX) Chart |