Why do they do this ? The letter from directors says they think it will 'allow for better capital management' ? From my experience whenever companies to this, the resulting value of my holding goes down after the consolidation. Perhaps others have a different viewpoint ? I think the directors should offer more info than 'allow for better capital management'.
(for those who haven't heard, they are proposing a 1 for 7 consolidation)
I hold BPT, the price of which is already dropping.
Why do they do this ? The letter from directors says they think...
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Last
$1.14 |
Change
0.005(0.44%) |
Mkt cap ! $2.600B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.16 | $1.13 | $8.810M | 7.727M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 46969 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 82338 | 3 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| BPT (ASX) Chart |