This is the 1st time that I have been involved in a share "consolidation", so like some others I am a bit confused. My original (volume) of BOE shares @.26c have now been divided by 8 and are now BOEDA @ $ 2.35 ish. If this is correct, why would investors feel that paying $2.35 per share is good value when they were paying .30c per share pre consolidation. The value of the company/project has not increased 8 fold has it. As a newby, it just seems to me that the benefit of investing in a company at a low share price of (.26c) with the potential for exponential share price increase, has been removed. Was hoping for a Disallowed, this would surely be unlikely now. From reading all of the posts, I feel that I must be missing something. would appreciate some clarity.
Ann: Update - Consolidation/Split - BOE, page-57
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Last
$2.96 |
Change
0.010(0.34%) |
Mkt cap ! $1.229B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $3.00 | $2.93 | $3.690M | 1.241M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 71209 | $2.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.96 | 13645 | 18 |
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| Last trade - 12.43pm 22/08/2024 (20 minute delay) ? |
| BOE (ASX) Chart |