Surely the market is more sophisticated than to rally purely on the basis of a stock split...
As for the research, it would makes sense that above average quality companies whose share prices increase materially over time would be more likely to split their shares and conversely poor quality companies that destroy shareholder value may consolidate shares from time to time.
Thus, on average, share splits may be indicative of above average businesses and share consolidations indicative of below average businesses. However, it's all a very academic view of the world.
Share prices rise and fall with business performance... increasing or decreasing the number of shares in circulation is merely a side show.
Surely the market is more sophisticated than to rally purely on...
-
- There are more pages in this discussion • 46 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add REH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$26.96 |
Change
0.040(0.15%) |
Mkt cap ! $17.41B | |||
| Open | High | Low | Value | Volume |
| $26.75 | $27.15 | $26.74 | $12.80M | 475.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 824 | $26.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.97 | 2775 | 2 |
View Market Depth
| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| REH (ASX) Chart |