A share consolidation is action taken by a publicly traded company in which a company converts several “old” shares into one “new” share.Companies will do this in order to bring their share price back up to more respectable levels—or levels required by stock exchanges.
A share consolidation is also known as a reverse split. It’s what usually happens to penny mining companies that have spent all their money without finding any valuable mineral deposits. If the value of a stock collapses to pennies a share, investors may think it is headed for zero.
In most cases, after a stock consolidation, stock prices often fall back down again. Some investors sell because the stock seems more expensive than it was, even though a given holding represents the same percentage ownership of the company. Others sell because they fear the company will raise money by selling new shares, and this will drive down its stock price.
A company share consolidation is something all investors should know. If you’d like to increase your long term profits, we recommend our three-part Successful Investor strategy as the smartest approach for value investors:
Invest mainly in well-established companies;
Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; the Consumer sector; Finance; Utilities);
Downplay or avoid stocks in the broker/media limelight.
When a company splits its shares, it is simply cutting itself up into a different number of pieces, without changing its fundamental value. It simply wants its stock to trade in a price-per-share range that seems reasonable to investors.
CANALASKA URANIUM $1.16 (Toronto symbol CVV; SI Rating: Start-up) (1-800-667-1870; www.canalaska.com; Shares outstanding: 17.2 million; Market cap: $20.0 million; No dividends paid) has completed its 1-for-10 share consolidation. That lowered its shares outstanding from 171.9 million to 17.2 million.
Consolidations, or reverse stock splits, sometimes hurt… Read More
Uranium prices have jumped from around $40 U.S. a pound in March 2010 to a recent high of around $58.50. That’s still well below uranium’s peak of $140 a pound in 2007. But conditions look favourable for higher long-term uranium demand.
Every Wednesday, we publish our “Investor Toolkit” series on TSI Network. Whether you’re a new or experienced investor, these weekly updates are designed to give you fundamental stock market investing tips. Each Investor Toolkit update gives you a specific tip and shows you how you… Read More
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