Value of my investment17 May 2023 17:54
I am only a simple retired Engineer, so my calculations may not make too much sense to everyone. Not long ago (January 2023) I owned 500 shares in this company and they were valued at £2.50 per share (£1250.00). The Company had been fighting for years (and trading successfully) to retrieve a £1 billion tax payment from the Indian Government. This was retrieved and a dividend announced, which I think amounts to £1.16 per share. Thus my dividend payment will come to about £580.00. At the same time, the shares have been consolidated and I now own 235 shares, valued at £1.9785 each (£464.97). My simple maths says that my net worth is now £580.00 + £464.97 or £1144.97. So my investment is down, even after the dividend. Where has the £1 billion gone? I accept that the share price could go up, but it would have to reach £5.32 just for my share value to return to the "heights" of January 2023. Am I wrong?