It happens every now and again, I think the primary reason is to make the shares more accessible to the average investor. The best example I know is AAPL, they used to to trade at about $700 a share (USD) and not many people can afford to buy into it at that price so a few years ago they did a 1 for 7 split and you got 7 shares now priced at $100 each. This now allows more “average” investors to buy in.
I don’t think there are any other ramifications ie it doesn’t change the value of the overall company etc.
Could this happen with PAR, page-10
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Last
26.0¢ |
Change
0.020(8.33%) |
Mkt cap ! $90.94M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 26.0¢ | 24.5¢ | $195.9K | 781.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38000 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 102892 | 9 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| PAR (ASX) Chart |