almost 50-50 , take those odds all day , throw in new tech and...

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bentas74

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15/01/19

20:06

Post #: 37124415
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Originally posted by Player1: ↑

https://cabotwealth.com/daily/how-to-invest/reverse-stock-splits-shareholders/

Many points in the article back my sentiment and what i have seen. But i will only post this, you can read the rest yourselves:
"Researchers at the Stern School of Business at NYU and Emory University looked at more than 40 years of data, from 1962 to 2001, and found that of the 1,600 reverse stock splits, shares underperformed their non-split peers by 15.6% in the first year following the split, 36% in the second year and 54% in the third year."

Since 2001, i bet my left nut the numbers are even worse.

But, to keep this argument balanced.

"Reverse Stock Splits Aren’t All Bad.
Sometimes companies decide to reverse split their shares just because they want to offer their shares at reasonable prices to attract new shareholders. There are examples of stocks that have prospered after doing so, including Citigroup (C). Citi probably had the most famous reverse split—a 1 for 10 reverse split in May 2011. Citi became a $40 stock and is now trading at $62. The split was billed as “returning value to the shareholders.” The company had already survived the financial meltdown, and had begun paying a dividend, so investors thought it probably couldn’t get any worse. And they were right!Other companies like AIG (AIG), E*Trade (ETFC), Motorola (MSI) and Priceline.com (PCLN), have endured—and prospered—after a reverse stock split.You can see that these firms that not only survived but prospered were fairly large and well-known businesses. And most studies have confirmed that firm size is very important in the determination of successful reverse stock splits, along with operating and price performance prior to the split, and, of course, market volatility."

Yeah. WBT never even built the clout.

This is going down. Down, to funky town.

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almost 50-50 , take those odds all day , throw in new tech and switched on management you could almost say 75-25 in wbt favour ,
nice post , great buying opportunity

WBT Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last $3.29		Change 0.200(6.47%)		Mkt cap ! $353.2M

Open	High	Low	Value	Volume
$3.20	$3.35	$3.11	$6.063M	1.870M

Buyers (Bids)

No.	Vol.	Price($)
2	11355	$3.26

Sellers (Offers)

Price($)	Vol.	No.
$3.29	12500	2

View Market Depth

No.	Vol.	Price($)
1	4676	1.920
2	7000	1.915
3	23879	1.910
3	4434	1.905
25	104490	1.900

Price($)	Vol.	No.
1.945	4000	1
1.950	2979	1
1.955	2979	1
1.960	2979	1
1.965	2979	1

Last trade - 16.10pm 14/11/2024 (20 minute delay)

WBT (ASX) Chart

almost 50-50 , take those odds all day , throw in new tech and...

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HotCopper reacts as Resolute Mining told to pay US$160M if it wants its CEO back

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