Listed Companies

BRIAN GAYNOR: Timing's right for a Mainfreight share split?

Brian Gaynor
Tue, 04 Aug 2020

Brian Gaynor
Tue, 04 Aug 2020
There used to be a strongly held view that NZX-listed company share prices shouldn’t go above $10. This was based on the theory that New Zealand investors believed double digit share prices were too expensive and lower prices offered better opportunities.This perceived problem was solved by share splits or bonus issues whereby the number of shares on issue increased, share prices declined and, in theory, the market value of companies remained unchanged.Directors believed lower share prices encouraged investors to look at their compan...

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