Yes however the difference is that at $7 the share price would be lucky to double at best with a market cap of 9 billion IMO.
There will then be far too many shares on offer and you won't see the type of price increases from IPL that you have witnessed over the last 2 years again, well not with this company anyway.
To double your money is a good thing but I'm after much greater returns than that.
IPL has had it's run but unfortunately I don't think that the price is going to go very far from now on until the share split occurs.
After that I can see it going to 14 or so dollars over the next couple of years and that would give IPL a wopping 18 Billion dollar market cap!
Champ
Yes however the difference is that at $7 the share price would...
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Last
$2.90 |
Change
0.020(0.69%) |
Mkt cap ! $5.632B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.92 | $2.88 | $5.539M | 1.910M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 87153 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 51988 | 3 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| IPL (ASX) Chart |