RE: Consolidation13 Nov 2015 23:09
Why should you be disappointed RichGas !
By the company transferring 10 shares into one share, then each share will then be worth 10 times as much, so you will NOT be affected money wise.
The purpose of the consolidation is of no real benefit to us the shareholders as I see it, but it's just to cut down the amount of shares in circulation by the company.
Also you should not be disappointed with the company returning 90p per share, had they returned say 50p then each share would be worth 40p more, so you have lost nothing.
You will see a lot of people on this site suggesting to do this or that, or what they think will happen, but the fact is, none of us know what's going to happen other than the directors of this company, and they will tell us all in good time.
It's always best to just go on what you do know that WILL happen, and that is, we will get 90p per share later in December this year, and by then we should all know possibly what the balance of this company is worth, and if there is any benefits in putting some of the returned money back into the new company again, and also any further returns in 2016.
What I am not sure is, if a shareholder is entitled to the 90p per share now, and then was to sell their shares prior to the further 10p in 2016 if they would still be entitled to that or not, but my thinking being, possibly not !
With myself it always been, buy when a share drops and sell on it's rise, which overall has seemed to have worked for me, and ALWAYS have a cut price of as when to sell a share on a drop, or else you will be forever chasing your tail !
For the present I am holding all my Quindell shares, as I can still see a profit to be made here, but that's my opinion, and should not be given as advice as what any other shareholder should do.