Found this on the web
So, why do companies do share consolidations? Generally, there is greater interest in a company’s shares post-consolidation. This may be partly psychological; a company may feel more solid if it has a share price say above $10 (which is crazy really). And some institutional investors may even have a mandate to invest only in shares above a particular price point.
Heedlesspage mention in a earlier post that it gives the possibility of doing Cochlear type numbers if things go right.
COH closed on $236 with a MC of 13.71 Bn and share issue of 57.83m.
We will need a MC of 1.3Bn to match COH's $236 as we have one tenth (post consolidation) of the number of shares.
Trying to keep positive!
Proposal to be considered at EGM, page-62
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Last
$9.80 |
Change
0.020(0.20%) |
Mkt cap ! $207.1M | |||
| Open | High | Low | Value | Volume |
| $9.85 | $10.78 | $9.60 | $572.9K | 57.96K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5627 | $9.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.00 | 931 | 1 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| AVR (ASX) Chart |