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JJ, bloody predictive text!...I'll aim to correct it next time!
I think this will drift down with no news (potentially) before the annual meeting at the end of the month, so can see it drifting lower, with thin volume. It's tested lows before, but how low will it go this time is the real question.
1:100 had anyone looked in to tax loses, I know it's been getting discussed on other forums. Tax loses are beneficial but only if you pay tax of course, on your earnings. All food for thought.
Nothing yet Loadsa. I'm not chasing it as he will contact us when he's ready.
Buys
Well I just can't get my head around the last 8 bits being less than 50 quid a pop.....what is that all about???
Fin8108 - ADVFN.
"Other possible concern of mine. 100 to 1 consol goes through, LO deal falls through, debt still outstanding, huge dilution of new consolidation price to help restructure a further debt repayment extension"
"""Reverse Split good for the Company, bad for the shareholder. Doji Wan Kenobi"""
Good 'ol Range. Never fails to disappoint!
Lolol.
posted on ADVFN -
1:100....There is always a loss for investors in a Reverse Split. One always hears that the stock value will be the same despite whatever ratio. However, what you DO NOT hear is about the initial investment. The market fluctuates daily, so it can be unpredictable sometimes. When the market is down, unless you sell, there is no loss. Basically, you ride the wave, waiting for it to return to or above initial investment. Now, if the Reverse Split takes place BELOW your initial investment, you will receive the number of shares based on the current market value, NOT your initial investment. Since you did NOT sell, you can’t report the loss for taxes. Now, you will NEVER be able to RECOVER your losses with less shares, especially if the Reverse Split was 1:100, and if you sell now, your current shares/value does not equate to the initial investments. Now you have capital loss without you selling. Basically, it like you gave free money to the company or they robbed shareholders. Reverse Split good for the Company, bad for the shareholder. Doji Wan Kenobi
Although a reverse stock split can improve share price over the short term, it is important to remember that the market capitalization of the company has not changed. With that in mind, some experts consider a reverse stock split nothing more than a distraction to assuage investors during times of corporate uncertainty.
..Reverse stock splits boost a company's share price. A higher share price is usually good, but the increase that comes from a reverse split is mostly an accounting trick. The company isn't any more valuable than it was before the reverse split. Whatever value it has is just distributed over fewer shares of stock, thus increasing the price. A reverse split can sometimes save a stock sinking in value from a delisting.
Do RRL actually have a choice in the matter...?
It is usually a very negative sign when a company reverse splits their stocks. But how the market reacts often depends on what else the company is doing to reverse its fortunes.
If it simply declares the reverse split and goes on with business as usual, investors may see the split as nothing more than a smoke screen, and the price may go right back to falling as they sell their shares. But if the split is accompanied by serious changes in management, structure or strategy, investors may give the company more time to right the ship