@arsenic, what are your thoughts on the consolidation 4:1 done in Nov 2014? - now that over 2 years have gone by. The reason given at the time was simply so as to put it line with peers. There were 1.66b shares on issue pre-consol'n with the SP being about 18.5c = MC of $307m.
If the 414m new shares happened to be the number of shares on issue for MLX now (which is not the case as 609m on issue atm) then the MC = $368m, being 414m x 89c. A fair increase by itself, but we have to add WGX. On a 1 for 2 issue basis I therefore need to apply 212m and multiply by $2.44 = $517m and add that to the $307m = $885m.
$885m - $307m = $578m gain.
Of course, more shares have issued in MLX since the consolidation so that the number is now 609m. I have not included those shares in this exercise.
Did the consolidation aid much in the big MC increase? Just pre-demerger, the SP of MLX was $1.59 - multiply by 414m (say) = $658m. $658m - $307m = $351m gain over a 25-month period. Of course MLX was pregnant with WGX, so that WGX having been born, the MC for both then increased by quite a bit, albeit slowly at first.
It appears to me that both strategies - consolidation an demerger - contributed greatly to the increase in shareholder wealth.
Thoughts? arsenic and others
- Forums
- ASX - By Stock
- MLX
- the benefits of share consolidation and demerger
MLX
metals x limited
Add to My Watchlist
1.83%
!
53.5¢

the benefits of share consolidation and demerger
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
53.5¢ |
Change
-0.010(1.83%) |
Mkt cap ! $474.2M |
Open | High | Low | Value | Volume |
55.0¢ | 56.0¢ | 53.5¢ | $1.208M | 2.219M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 111209 | 53.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.5¢ | 93914 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 77209 | 0.535 |
13 | 148203 | 0.530 |
5 | 178723 | 0.525 |
17 | 218020 | 0.520 |
5 | 59499 | 0.515 |
Price($) | Vol. | No. |
---|---|---|
0.545 | 93914 | 2 |
0.550 | 25914 | 2 |
0.555 | 16837 | 3 |
0.560 | 183078 | 4 |
0.570 | 78598 | 3 |
Last trade - 16.10pm 01/07/2025 (20 minute delay) ? |
Featured News
MLX (ASX) Chart |
The Watchlist
RC1
REDCASTLE RESOURCES LIMITED
Ron Miller, Non-Executive Director
Ron Miller
Non-Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online