I have not seen one consolidation that has benefited existing shareholders.
I’m guessing management want to complete a significant capital raising and a pre-condition was that they first consolidate the existing shares on issue. If I’m right existing shareholders are about to be decimated, I don’t like it one bit.
Can someone show me one consolidation that has ended up benefiting existing shareholders?
Ann: Proposed Consolidation of Share Capital, page-72
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$9.72 |
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Mkt cap ! $2.907B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 3453 | $9.72 |
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| Price($) | Vol. | No. |
|---|---|---|
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| PDN (ASX) Chart |