(23-02-2016, 06:01 PM)Caelitus Wrote: [ -> ] (23-02-2016, 12:56 PM)money Wrote: [ -> ] (22-02-2016, 05:51 PM)brattzz Wrote: [ -> ]clever move, stock split - 3 to 1, increase share based 3x! 
Net profits didn't show increase so must make it up with a stock split to please shareholders. But at the very least, management bother to please shareholders, kudos to them. For a p/e of 30, any slow down in growth of revenue or profits can be disastrous
I wonder why RMG wants to split the stock. Market capitalisation remains the same. Other than shareholders who will have more shares to trade, I do not see how it will please shareholders? Making it more liquid by dividing share price by 3?
The purpose of stock split, is to increase liquidity. I don't think there are other reason(s).
(not vested)
(23-02-2016, 06:16 PM)CityFarmer Wrote: [ -> ] (23-02-2016, 06:01 PM)Caelitus Wrote: [ -> ] (23-02-2016, 12:56 PM)money Wrote: [ -> ] (22-02-2016, 05:51 PM)brattzz Wrote: [ -> ]clever move, stock split - 3 to 1, increase share based 3x!
Net profits didn't show increase so must make it up with a stock split to please shareholders. But at the very least, management bother to please shareholders, kudos to them. For a p/e of 30, any slow down in growth of revenue or profits can be disastrous
I wonder why RMG wants to split the stock. Market capitalisation remains the same. Other than shareholders who will have more shares to trade, I do not see how it will please shareholders? Making it more liquid by dividing share price by 3?
The purpose of stock split, is to increase liquidity. I don't think there are other reason(s).
(not vested)
Management did point out their rationale for doing so,
To increase liquidity and to make share more affordable and accessible to present/potential investor.
before split, 4.5cts dividend, script offered @ $1.44, TAKE IT!
Buy-Buy-Buy!
CEO Dr Loo brought 83K shares at $4.76, ($395K) - 3rd May - Pre-split.
After split price = $1.586 / share
Why does Raffles Medical drop a lot today? Any reason behind?
5.6milo shares traded, script price is $1.44, taking profit before brexit...
(17-06-2016, 04:31 PM)Lbetter Wrote: [ -> ]Why does Raffles Medical drop a lot today? Any reason behind?
17th June is quadruple witching day. Institutions selling in force.
another 3.6milo shares traded today.. $1.5+, more funds selling for warchest for brexit bargains!
"Raffles Medical Group Plans to Invest SGD 1 Billion in its Expansion Within Asia
Source: Other
Type: Business Expansions
From: 20/Jul/2016
Raffles Medical Group plans to invest SGD 1 billion in its expansion within Asia over the next three years. The company plans to spend approximately SGD 600 million in establishing clinics and hospitals outside Singapore, and plans to set up new hospitals in Beijing and Shenzhen to tap rising demand for healthcare as the population ages rapidly."
1b fire-power coming!