Nothing has changed in the business so why would the company be worth anymore (it should be worth slightly less given the costs involved in splitting). It doesn't matter if the minimum lot is $150, people buy shares by total value not by lot cost, if people can't work that out then they shouldn't be buying shares.
incitec seeks approval for share split, page-10
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$2.87 |
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| Open | High | Low | Value | Volume |
| $2.89 | $2.91 | $2.87 | $16.14M | 5.598M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 120998 | $2.87 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 12746 | 4 |
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