BPT 2.72% $1.70 beach energy limited

BPT Share Consolidation

  1. 552 Posts.
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    Why do they do this ? The letter from directors says they think it will 'allow for better capital management' ? From my experience whenever companies to this, the resulting value of my holding goes down after the consolidation. Perhaps others have a different viewpoint ? I think the directors should offer more info than 'allow for better capital management'.
    (for those who haven't heard, they are proposing a 1 for 7 consolidation)

    I hold BPT, the price of which is already dropping.
 
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Last
$1.70
Change
0.045(2.72%)
Mkt cap ! $3.878B
Open High Low Value Volume
$1.69 $1.70 $1.65 $21.05M 12.52M

Buyers (Bids)

No. Vol. Price($)
1 17770 $1.70
 

Sellers (Offers)

Price($) Vol. No.
$1.70 1019869 36
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Last trade - 16.10pm 05/03/2021 (20 minute delay) ?
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Last
$1.69
  Change
0.045 ( 2.64 %)
Open High Low Volume
$1.70 $1.70 $1.65 2322896
Last updated 15.59pm 05/03/2021 (live) ?
BPT (ASX) Chart
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