BPT 3.80% $1.64 beach energy limited

BPT Share Consolidation

  1. 553 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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