BPT 1.92% $2.55 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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$2.55
Change
-0.050(1.92%)
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$2.62 $2.64 $2.53 $25.20M 9.770M

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2 19680 $2.54
 

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$2.56 51630 3
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Last trade - 16.10pm 29/01/2020 (20 minute delay) ?
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Last
$2.53
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