RE: More jan anyone?4 Jan 2023 23:59
I hope the share consolidation proposal gets voted down as it would be very bad news for small investors who are in negative territory at the moment as if it goes ahead it would mean future percentage growth would be badly stumped. It's is much easier to increase an sp 100% , 200% , 300% etc if the sp is relatively low to start with. For example if an sp is say £1.50 now and it goes to £6 ( which is quite feasible with Tui ) then you have quadrupled your stake. If you consolidate at 10:1 making the the sp £15 now , then to quadruple your stake the sp would have to go to £60. Those sort of levels just wouldn't happen , not £60 per share. Consolidation is only good news for penny shares when the effect would still leave the sp relatively low. Bad news if consolidation gets voted in by shareholders!