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
$1.48 |
Change
-0.030(1.99%) |
Mkt cap ! $3.364B | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.50 | $1.46 | $12.93M | 8.783M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 289169 | $1.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.48 | 468179 | 14 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| BPT (ASX) Chart |