RE: Someone explain how the consolidation work2 Nov 2023 10:54
Thanks for that Dunne
At any time market cap = price per share x number of shares in issue
What a consolidation does is increase the price per share when it gets too low. You cannot change the market cap so if price per share increases then number of shares in issue has to reduce by a corresponding amount to keep market cap the same. That is what a consolidation is.
I know what happened to the share but I’m not sure when they can or can not consolidate , that’s what I want you to know