RE: Our new chairman & his RBS consolidation whilst at UKFI30 Nov 2020 12:49
cookoo..“ive said it before if 10 for 1 get out and get out fast and run , 36pto 18p no chance, 360p to 180p very easy look at rbs and ctea”
You forget that the SP had gone from +£5 at the time it fell to 16pennies only to briefly get back over £ back 09 and this had been the same year Lloy actioned an RI & POO.
As for Reverse Split @ 1/10 how many shares are in Issue at present? I suspect it would be a lot higher than 1/10….
PI’s are correct RBS was a basket case; however, It would be foolish to make the assumption that these decisions for actioning a Reverse Split are the same as a case such as RBS. One thing is clear Reverse Splits are never welcomed by PI’s….
DYOR