I guess that would be logical - seeing as that money has been returned?
But I don’t think an accountant would look at it that way Juke..
There are now “33,257,006… (~16.85707% of issued capital)” fewer shares in the company [ref]
so I guess if you took 16.86% off your average buy price previous to the consoludation it would give a more accurate psychological perspective
But would have thought my EZL holding value would have increased despite the $1.207 cash return (on ~17% of my shares?)
But it’s dropped by more than 20% despite me buying a small parcel last week to average down.
FWIW there was an article published by Simply Wall Street last week [see it here]
- And despite that I think that site is mostly AI written, it is sometimes useful, so may be worth a read?
cheers
EZL Price at posting:
$1.11 Sentiment: None Disclosure: Held
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