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Hi folks,
Under what circumstances would the share price of a company be reduced to half in the space of one working day,and the yearly high and the yearly low also approximatley halved.I dont believe the bottom has fallen out of this company as there are no reports of same on any news bulletins.websites etc.Would this be known as share splitting and if so why is it done?what are the advantages?
Kind regards,
DPA
The reason this has happened is that this company's famously belligerent and confrontational chief executive believes investors avoid shares worth more than €10.
It is obiviously not illegal to do this share splitting thing..but do companies that do this have to give notice that they are doing it and why dont more companies do it if its going to encourage investment.A few companies on the ISE are trading at 30 euro plus at the moment
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