I don't see any need or merit in a Share split unless its cracked $10.00. My $0.02
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I don't see any need or merit in a Share split unless its cracked $10.00. My $0.02
dear axe..."should" ...me thinks that would only occur if there is fundamental change of thought/expectation/valuation et al of all retirement entities...Logically with all 3 major players ...the on going "story" is perfect...but therein lies the problem...seldom does outcome of any story become "perfect"...just saying after 30 + years in the MKT.
I've never understood our Kiwi enthusiasm to see a share split for a successful company. Yes, I know the "more marketable" argument but a high SP hasn't hindered the likes of CBA, Blackmores, CSL, Macquarie Bank etc. Does being Aussie companies make a difference? Apple?
:cool:
777 Totally agree...weird behaviour indeed...its my experience that folk would rather buy a $1 share than a $5 share...because its more acceptable/affordable...and it sounds more impressive to say I have 5000 of something than 1000....come on guys you know this...it aint rocket science...this issue I believe has held back many investors from buying....
I agree too.. even though I think it's weird and shouldn't really happen in theory.
My experience is about a permanent 10% increase in Market Cap (equals a 10% increase in adjusted SP) following a 4:1 to 10:1 share split. Visa versa, a 10% drop (or even more) for a comparable share consolidation.
Is it correct to assume that given the value of shares traded today that the current SP of around $8...that the SP will not venture south again ?....
That's my point..given the amount of trades...have not more than a few displayed their 'positions"...cheers