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Well you know what to do after consolidation then.. Short the L out of it.
Let us know how you get on..
Yes your value will be the same but I have never known a stock go up after consolidation within a few months
The sp will go down over time
I used to have trillions of these beauties which wouldn't fit in my bottom draw till they consolidated and now just left with a few.
You know why... Because they are issuing 840 million new ones on same day. So there will still be a billion shares in issue.
probably not too much action til they either start drilling or they have another deal lined up..
Got ya.
Thanks.
If the market cap increases will it be a bit more traded? Hardly any activity at min.
EXAMPLE..
For me i paid £20,000 for my 10 milion shares but after consolidation i will then have 1 million shares but still worth £20,000..
Ok mate basically as it stands you buy 1 share today @ 0.28p on 19th April 2021 you will need to pay 2.80p for that one share.
Its basically reducing the number of shares in cirulation. It has no negative impact on your end.
Share consolidation reduces ALL the shares held by the shareholders and when every shareholders get affected no one loses out.
The number of your shares is less but the percentage ownership and value of your investment remain the same.
i dont pal. I can't fathom what's happening with this share depsite owning it !!
amin... sorry mate do you understand how consolidation works.. ??
hi jezza
look at your post, 8th para down , final sentence
What do you mean "everything is going to go up significantly"
I have no idea what is going on here? if everything is going to go up significantly , why is the sp dordling at 0.28p?
can anybody explain?
ADVANCE ENERGY PLC - Important Information
Proposed Consolidation.
1 New Advance Energy Plc (Advance) share for every 10 Existing shares held.
Important Information & Other Key Dates:
On 31st March 2021, Advance announced that it intended to implement a Consolidation of the Company's shares.
The Consolidation is subject to shareholder approval at the Extraordinary General Meeting to be held on 16th April 2021.
Subject to receiving such approval, the Consolidation is expected to become effective on 19th April 2021 and the New shares are expected to be credited on the same date.
Unless you hold your shares in a ShareBuilder account, no fractions of shares will be issued. Any resulting cash entitlements will be dealt with in accordance with our Terms & Conditions.
When a company consolidates its share capital the number of shares in the Company reduces. This will impact the share price as the total value of shares will remain the same but there are fewer shares in circulation, so the price can increase significantly.
If your Existing Advance shares form part of a TradePlan, please note the TradePlan will be deleted and any charges refunded. You will need to login online or call us to set up a new TradePlan in the New Advance shares.
If you have a regular investment in place on your Advance shares, please note that this Investment Plan will be automatically updated to the new stock line. The investment amount, frequency and investment dates will not change.
Should you retain your holding of Advance shares we will update your account accordingly once the new shares have been credited.
Should you wish to find more information about the Consolidation, please visit the Advance website, www.advanceplc.com