Won't this be diworsification though? Acquisitions are riskier than organic growth.
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Keen to hear people's views on what we can expect post shares split next week?
I'm trying to decide on an entry point i.e. before or after the split.
Post-split, people sometimes (incorrectly?) assume that there's value because of the lower price (especially those that don't understand how share splits work - thinking of mom and pop Sharesies investors).
Thoughts?
What effect if any will this have on the share price? .... https://www.nzx.com/announcements/363572
Does a sp of $8 become $2 afterwards? But I have 4x as many shares?
You will have 4x as many shares, this is correct. The price of these new shares will be decided by the market (as usual), but as a starting point your assumption might be correct.
I guess the board hopes for the market to see the new PPH shares as "cheap" and to drive the price back towards the "old" share price. Sometimes this strategy works after a share split and sometimes it does not.
I dont get the point of a share split. Do they really believe they are out of reach of most investors at $7-$10 per share? surely not. And exactly to your point, it gets back to $7-$10 some point in the future, then what, another share split?
That shouldn't matter much though as they can buy fractions too...
Does anyone know how the new price will be calculated for Wed? Will it be the closing price Tues 4pm ÷ 4 or some sort of rolling average price ÷ 4?
why are they holding trade this morning ?
When it goes back up to $8, the market cap will only be about $8 billion. Cheap as chips :)
(I still hold some but sold most when the insiders started selling; think it's probably overvalued at current prices, but am holding some just in case in keeps growing!)
Up about 10% since the split. It works!
Great to see this stock moving up! Getting close to my break even point....