RE: Thoughts after sitting today...23 Nov 2024 10:11
Asked Co pilot AI to do my sums
I have 60000 I shares in Haemogenyx and it has announced a share consolidation of 1 share for 400 the current SP is 1.28 pence what will be the likely share price after consolidation and the value of my shares?
Let's break this down:
1. Share Consolidation: Haemogenyx is consolidating its shares at a ratio of 1 new share for every 400 existing shares.
2. Current Share Price: The current share price is 1.28 pence.
To find the new share price after consolidation, you multiply the current share price by the consolidation ratio:
New Share Price=Current Share Price×Consolidation Ratio\{New Share Price} = \text{Current Share Price} \times \text{Consolidation Ratio}
New Share Price=1.28 pence×400=512 pence\text{New Share Price} = 1.28 \text{ pence} \times 400 = 512 \text{ pence}
So, the new share price will be 512 pence (or £5.12).
Next, let's determine the new number of shares you will hold:
New Number of Shares=Current Number of SharesConsolidation Ratio\text{New Number of Shares} = \frac{\text{Current Number of Shares}}{\text{Consolidation Ratio}}
New Number of Shares=60,000400=150\text{New Number of Shares} = \frac{60,000}{400} = 150
You will have 150 shares after the consolidation.
Finally, let's calculate the total value of your shares after consolidation:
Total Value=New Number of Shares×New Share Price\text{Total Value} = \text{New Number of Shares} \times \text{New Share Price}
Total Value=150×512 pence=76,800 pence\text{Total Value} = 150 \times 512 \text{ pence} = 76,800 \text{ pence}
Converting pence to pounds:
Total Value=76,800 pence100=£768\text{Total Value} = \frac{76,800 \text{ pence}}{100} = £768
So, the total value of your shares after consolidation will be £768.
Message Copilot