It happens every now and again, I think the primary reason is to make the shares more accessible to the average investor. The best example I know is AAPL, they used to to trade at about $700 a share (USD) and not many people can afford to buy into it at that price so a few years ago they did a 1 for 7 split and you got 7 shares now priced at $100 each. This now allows more “average” investors to buy in.
I don’t think there are any other ramifications ie it doesn’t change the value of the overall company etc.
Could this happen with PAR, page-10
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Last
29.0¢ |
Change
-0.005(1.69%) |
Mkt cap ! $101.4M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.3¢ | 28.0¢ | $57.32K | 198.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12454 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 4443 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PAR (ASX) Chart |