RE: Share consolidation28 Apr 2022 10:27
IMHO share consolidation does not change the fundamentals, it does, however, change the perception of value and hence sentiment.
I would suggest that people have a perception that higher the cost the better the quality and it’s worth having. This would lean to the notion that more LTH will enter pushing out speculative punters. There would, therefore, be a great portion of the company in sticky hands. This together with increased sentiment will drive the share price up to meet the fundamentals.
Also the BOD would not be doing it if it wasn’t going to have a positive impact on the market cap.