Forum Archive Index - August 2001

["Ben Dutton" <bendutton@sharechat.co.nz>]

Hi John,

"3 for 1" is slang for a share consolidation (for every three shares you own
you receive one share after the consolidation).

"1 for 3" is slang for a share split (for every one share you own, you
receive three shares after the split).

I think i_claudius may have made a typo and meant 1 for 3.

Great comments all round on SKC.  I'd have to agree with Snoopy too - SKC is
definitely one of NZ's best (if not the best) listed companies.

Best Regards

Ben Dutton
(Disc. do not hold SKC).




----- Original Message -----
From: "John H T Wilkinson" <jhtw@clear.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, August 21, 2001 10:50 PM
Subject: Re: [sharechat] SKC- Another good result!


> i_claudius  wrote: 3 for 1
>
> John wrote:  1 for 3
>
> My maths tells me:
>
>     3 for 1 = (3 + 1)/1 =   4 times as many!
>
>     1 for 3 = (1 + 3)/3 =  1.33 times as many!
>
>         when compared with the number pre issue.
>
> How say you guys?
>
>
> ----- Original Message -----
> From: "Chris Castle" <c.castle@paradise.net.nz>
> To: <sharechat@sharechat.co.nz>
> Sent: Wednesday, 22 August 2001 12:15 a.m.
> Subject: Re: [sharechat] SKC- Another good result!
>
>
> > Three times as many shares on issue and a lower price - both factors
> assist
> > liquidity
> > ----- Original Message -----
> > From: "John & Robyn Armstrong" <jofra@es.co.nz>
> > To: <sharechat@sharechat.co.nz>
> > Sent: Tuesday, August 21, 2001 9:16 PM
> > Subject: Re: [sharechat] SKC- Another good result!
> >
> >
> > >
> > > How would a 1 for 3 share split improve liquidity?
> > >
> > > John
> > >
> > > ----- Original Message -----
> > > From: i_claudius <i_claudius@xtra.co.nz>
> > > To: <sharechat@sharechat.co.nz>
> > > Sent: Tuesday, August 21, 2001 5:57 PM
> > > Subject: Re: [sharechat] SKC- Another good result!
> > >
> > >
> > > snip
> > >
> > > > The other coldspot for me was no mention of the rumoured 3 for 1
share
> > > > split.I think SKC would benefit hugely from the increased liquidity.
> > >
> > > snip
> > >
> > >
> > >
> >
>
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