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2061-2080 of 2242
there is no such every time right. this BB got many ways
Tob231 ( Date: 26-Feb-2024 10:40) Posted:
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sembcorp ind trading at 5.16 ... any upside
never ... where got insider trading ... happened to getting it right nia
dontbetray ( Date: 26-Feb-2024 10:30) Posted:
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thanks for the reminder ... less than 20 shares based on 0.09 is $1.8 🤔 in the first place why buy 🤨
remember to purchase more shares
remember to purchase more shares
dontbetray ( Date: 26-Feb-2024 10:28) Posted:
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salute BBs of getting it right? what come to your mind? could it be someone inside know what wrong and share with BBs? its about time to investigate any inside trading ?
ahbui8 ( Date: 26-Feb-2024 10:13) Posted:
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yes will be gone. since they already announced.
treetops ( Date: 26-Feb-2024 10:23) Posted:
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What happen to those holding less than 20 shares or odd number? Will be gone for good? First time see this statement.
2.4 Shareholders who hold less than twenty (20) Existing Shares as at the Record Date will not be entitled to any Consolidated Shares and will no longer be Shareholders upon completion of the Proposed Share Consolidation (the & ldquo Affected Shareholders& rdquo ). Affected Shareholders who wish to remain as Shareholders upon completion of the Proposed Share Consolidation may wish to consider purchasing additional Shares so as to increase the number of Existing Shares held to a multiple of twenty (20) Shares as at the Record Date.
https://links.sgx.com/FileOpen/Share%20Consolidation.ashx?App=Announcement& FileID=789637
2.4 Shareholders who hold less than twenty (20) Existing Shares as at the Record Date will not be entitled to any Consolidated Shares and will no longer be Shareholders upon completion of the Proposed Share Consolidation (the & ldquo Affected Shareholders& rdquo ). Affected Shareholders who wish to remain as Shareholders upon completion of the Proposed Share Consolidation may wish to consider purchasing additional Shares so as to increase the number of Existing Shares held to a multiple of twenty (20) Shares as at the Record Date.
https://links.sgx.com/FileOpen/Share%20Consolidation.ashx?App=Announcement& FileID=789637
The answer why BBs can short so heavily everyday is out today! I salute the shortist BBs of getting it right. From now on, is a new chapter.
Why would a company consolidate shares?
So, what is the point of doing all of this if nothing actually changes? There are several reasons why some companies choose to consolidate shares, the most common of which are:
1. Simplification
For many companies, a consolidation enables them to simplify their share capital or shareholder-related administration in a way that is more beneficial to the business.
Perhaps the company has an unusual quantity of issued shares and wishes to round this down to a number that is more appropriate and easily divisible, thus simplifying each member&rsquo s entitlement.
This can make it easier for directors when issuing dividends, transferring shares, and managing the company&rsquo s register of members.
2. Listing on the stock exchange
Many stock exchanges impose a minimum share price requirement for listing, so public limited companies (PLCs) sometimes consolidate shares to increase their share prices.
Depending on the situation, this enables them to satisfy the requirement for listing, or avoid being involuntarily delisted if their share price falls below the threshold.
Share consolidation is a common strategy where a company is at risk of bankruptcy, with the aim being to make the business appear more valuable to investors. Therefore, whilst not always the case, consolidation can sometimes be a warning sign that a business is in trouble.
3. Improving credibility
Some companies choose to consolidate shares to improve their credibility and boost investor confidence, if their share price it too low or has fallen by a considerable amount.
In these situations, a share consolidation is an effective way to temporarily mask or overcome these types of issues. While this strategy has no bearing on the company&rsquo s value, it can change investor perception.
However, if a fall in share price is due to underperformance or a brand image issue, consolidating shares will not fix the root cause of the problem in the long term.
4. Marketability
The decision to consolidate shares is often driven by market considerations. By reducing the number of issued shares, an increase in per-share value can create greater market certainty during times of trading volatility.
It can also improve liquidity and make shares more marketable and appealing to new investors. This can have a positive impact on the company&rsquo s financial performance, and it may be especially beneficial where members with smaller shareholdings are struggling to sell their shares.
That being said, there is no guarantee that a share consolidation will have the desired effect. There are many factors at play, so it may not improve the company&rsquo s performance, market value, or viability in the long run.
Dealing with fractional entitlements
Depending on the number of existing shares and the consolidation ratio applied, some members&rsquo shareholdings may not be roundly divisible, resulting in fractional entitlements. For example, if a shareholder has 13 shares and the consolidation ratio is 10:1, their entitlement would be 1.3 new shares.
In such instances, the members&rsquo new shareholdings would normally be rounded down to the nearest whole number of new shares. In the above example, it would be rounded down to 1 new share.
Companies will typically repurchase any fractional entitlements from shareholders using the share buyback procedure. They can then either cancel the fraction or, if there are multiple shareholders in this situation, aggregate the fractional entitlements to sell, distributing the proceeds to affected members on a pro-rata basis.
How to carry out a share consolidation
Depending on how many shareholders there are, consolidating shares in a limited company may be straightforward, or complex and time-consuming. Either way, the key steps are as follows:
Step 1 &ndash Check the articles and shareholders&rsquo agreement
The Companies Act 2006 (section 618) prescribes that a limited by shares company may &ldquo consolidate and divide all or any of its share capital into shares of a larger nominal amount than its existing shares.&rdquo
However, you must refer to the company&rsquo s articles of association, as well as the shareholders&rsquo agreement (if applicable), to ensure there are no exclusions, restrictions, or special conditions related to share consolidations.
Step 2 &ndash Obtain approval from members
To authorise a consolidation of shares, the members of the company will need to pass an ordinary resolution. This means that a simple majority (over 50%) of shareholders must formally agree to it.
See also: Company meetings and resolutions &ndash explained
Some companies may stipulate in their articles or shareholders&rsquo agreement that a special resolution or higher majority is required, so you will need to confirm this before proposing the resolution.
Step 3 &ndash Notify Companies House
After a share consolidation, you must send a notification to Companies House on form SH02. The following information is required:
- Company registration number
- Registered company name
- Date of the resolution
- Previous and new share structure &ndash i.e. the number and nominal value of shares before and after consolidation
- The company&rsquo s issued share capital following the changes made on the form &ndash currency, class, number, aggregate nominal value, and total aggregate amount unpaid (if any)
- Prescribed particulars of rights attached to shares
- Signature of company director
You can send the completed form by post, or you upload the document to Companies House online.
Step 4 &ndash Issue new share certificates
When the share consolidation has been finalised, you should inform all of the members, cancel the existing shares certificates of affected members, and issue new ones with their updated share information. The company should also retain copies for its records.
Step 5 &ndash Update the company&rsquo s statutory register of members
You should update the company&rsquo s register of members as soon as possible, to reflect the new quantity and higher nominal value of each member&rsquo s shareholdings following the consolidation.
Wrapping up
Share consolidation offers companies a practical solution to a number of issues. The steps required are quite simple, but it can be tricky when dealing with multiple shareholders or fractional entitlements.
If you are considering a consolidation of shares, it may be worthwhile speaking to an accountant or a corporate financial advisor to ensure that you make the right decision.
Chansenghoe1971 ( Date: 26-Feb-2024 06:38) Posted:
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Thanks for the recommendation bro! I also shorted DM for fun at 305 what do you think of DM?
Chansenghoe1971 ( Date: 26-Feb-2024 09:06) Posted:
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Base on today price of $0.092 . 20 to become 1. price will be $1.84.
wehuattogether88 ( Date: 26-Feb-2024 09:18) Posted:
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Short on the first day of consolidation
wehuattogether88 ( Date: 26-Feb-2024 09:18) Posted:
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News of Seatrium share consolidation of 20 share into 1 share.
Queue to short at 93 for fun
BB like to surprise retail...
Shorted 91 for fun
See how.
See how.
gone case liao
this one the business model one is more orderbook more loss.
Today will be worst
use the same amount to buy mermaid instead.. great earning potentials ahead..