P.S. The reason the total $ value of your holding in theory should be unchanged, is that you will own the same overall fraction of the Wesfarmers company (because there will be less shares on issue).
"The combination of a return of capital and share consolidation enables Wesfarmers to provide an earnings per share (EPS) outcome similar to that which would result from a share buy-back, whilst also ensuring that all eligible shareholders receive an equal cash distribution per share."
Sounds pretty neat
P.S. The reason the total $ value of your holding in theory...
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Last
$69.15 |
Change
0.170(0.25%) |
Mkt cap ! $78.17B | |||
| Open | High | Low | Value | Volume |
| $69.00 | $69.32 | $68.71 | $18.83M | 272.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 41 | $69.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $69.16 | 270 | 14 |
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| Last trade - 13.00pm 03/10/2024 (20 minute delay) ? |
| WES (ASX) Chart |