BLY 0.00% $2.91 boart longyear group ltd

All stocks I have held that have recently done the 10 for 1...

  1. 688 Posts.
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    All stocks I have held that have recently done the 10 for 1 share consolidation have gone down (URL & RCP etc).

    I can understand the technical reasons why they would want to do it but IMHO it hurts the share value and a sell off is almost inevitable.

    From a long term perspective I like the BLY fundamentals and think it will grind up over the coming years as the resources recovery continues.

    I will be voting against the share consolidation but I guess I will be a lone voice in the wilds on this...

    :-)
 
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