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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Splitted shares

Splitted shares

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1Splitted shares Empty Splitted shares Mon May 27, 2013 4:48 am

slrkman


Equity Analytic
Equity Analytic
Today is the day we are looking for...

masters,

what do you reccomend to buy for day treading...

I just went through cse.lk and found this...

SPEN
Prev Close (Rs.) 138.80
Closing Price (Rs.) 138.10
All Time High (Rs.) 3,500.00
All Time Low (Rs.) 8.50
Day`s Price Range (Rs.) 135.00 - 138.80

When SPEN went to 3500?
Is that the same share that's been fallen to 138 or the share is split?

If the share is split, isn't this information misleading?

2Splitted shares Empty Re: Splitted shares Mon May 27, 2013 7:46 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
SPEN had 15 to 1 split. It is not misleading as all companies can do that and if you check under announcement it is mentioned .

3Splitted shares Empty Re: Splitted shares Mon May 27, 2013 7:57 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Why u didnt go a little bit ahead and read the announcements?

SPEN was subjected to a 15:1 share split in 2010;
http://www.cse.lk/cmt/uploadAnnounceFiles/7811281936420_501.pdf

So all time high was still valid, nothing wrong about it.

It has fallen off its grounds after the split.

4Splitted shares Empty Re: Splitted shares Mon May 27, 2013 7:14 pm

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
minor things cse should handle

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