BPT 3.11% $1.87 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
$1.87
Change
-0.060(3.11%)
Mkt cap ! $4.266B
Open High Low Value Volume
$1.91 $1.92 $1.87 $10.86M 5.773M

Buyers (Bids)

No. Vol. Price($)
10 142235 $1.87
 

Sellers (Offers)

Price($) Vol. No.
$1.88 94211 3
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Last trade - 16.10pm 22/01/2021 (20 minute delay) ?
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Last
$1.88
  Change
-0.060 ( 2.24 %)
Open High Low Volume
$1.91 $1.91 $1.87 1320778
Last updated 15.59pm 22/01/2021 (live) ?
BPT (ASX) Chart
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