Haha, maybe. I guess when I'm purchasing stocks, I'm looking to spend X amount of dollars, or I want it to make up X% of my portfolio. The X number of shares doesn't concern me in the slightest, but maybe I'm a bit simple :)
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Different strokes for different blokes mate. Maybe I'm the simple one. I prefer larger qty with lower $$. I guess i needed to articulate my idea better, I'm not advocating a big drop in prices, I was thinking a 2 for 1 split so down to $3.20ish with the hope that the price could then head up to say $4-5 which would then be more in line with retail PE rates.
Jim ...much revered company director Rob Turner essentially sayings have a greater responsibility than just ‘maximising shareholder value’
https://www.stuff.co.nz/business/123...e-ceo-salaries
No doubt some on ST will say Rob’s lost the plot - or ascRob himself says ''my views maybe a bit idealistic to some''.
Good on you Rob
"2 for 1 split "
would be a good move prehaps increasing vol.
others would say that other platform where you dont own the shares does the job for stock splits.
On the stock split thing, I don't have a firm opinion on it at this stage one way or the other. I wouldn't be averse to such a move but I think its a more pertinent question for the boards of the likes of Mainfreight and Fisher and Paykel Healthcare. Once we crack $10 its something I'd be happy to advocate for.
Lets just get some more runs on the board and get up to that $35-40m earnings zone and then see what happens to the share price :t_up:
We're all being paid so well with a projected 11.5% gross yield I think we can all afford to be patient :)