Stock consolidation PEK, am I missing something?

[Bourseboy]

PEK (Peak Resources) did a consolidation (10 for 1). 2 Dec 21 close was 0.70 and next trading day (13 Dec) close was 0.82. Today trading at (0.855 highest price, as at 2pm). I would expect price to change by a factor of about X10, otherwise the consolidation reduces one's investment by about 90%. What am I missing? I don't own PEK, just want to understand the logic.

 

[divs4ever]

otherwise the consolidation reduces one's investment by about 90%. What am I missing?

and sadly in MANY cases that is precisely what happens ( BSL was a notable exception for me , but still a rarity )

BUT that downward trend can take time and may not happen in a steady fashion , it might swing around on good and bad news quite violently

also according to some charts i glanced at before the consolidation the share price was around the 7 to 8 cent range ( i did say SOME various sources do NOT display similar information )

cheers

 

[frugal.rock]

I would expect price to change by a factor of about X10,

Your expectation is "as a general rule", correct, however Mr Market will often exploit these situations, long and short.

So what you are possibly not realising is, that most charts get historically adjusted also by the consolidation figure x10 for the price, historical volume gets divided by 10.
So, like magic, you look at a chart and can't tell there's been a consolidation....

As @divs4ever stated, the share price was around $0.07 before the consolidation and name change. Ticker stays same, in this case.

The first day of consolidated trade has the market set the open price (forget the term used associated with this), hopefully things match up with consolidated values.

 

[divs4ever]

ah-ha , i missed the name change , that would explain a bit

thanks

( quite obviously i wasn't following this share )

cheers

 

[Bourseboy]

The more I look at this the more confusing it becomes.
2 Dec it was announced that ASIC had accepted the name change from Peak Resources LTD to Peak Rare Earths LTD.
ASX ticker code (PEK) did not change.

 

[Bourseboy]

ASX price data for the period early Dec is different from Tradingview.
However, both ASX and Tradingview show that holders are worse off. Why would shareholders vote in favour of every 10 converted into 1 share effective 30 Nov 21?
Say I held 10 shares X $0.66 (ASX closing price 29 Nov), which is worth $6.60
After the 10 shares are consolidated into 1, the holding is worth 1X $0.835 (today's close on ASX) = $0.835
I am $6.52 worse off.
BTW ASX shows 52 week range $0.54 to $1.550.

 

[divs4ever]

The more I look at this the more confusing it becomes.
2 Dec it was announced that ASIC had accepted the name change from Peak Resources LTD to Peak Rare Earths LTD.
ASX ticker code (PEK) did not change.

that is a fairly normal option denoting a change of business focus ( much like sticking .com on your name in the 1990's , in this case )

obviously more necessary if they changed the business model from mineral exploration to say agriculture or financial services

but hints a little of PR but not as big a red flag to me as the consolidation itself

for those attracted by the rare earths story , one should study LYC as an example of what can go wrong with a company trying to follow the rules in a land of shifting government policies ( yes this time it was Malaysia , but could have easily have been in parts of Australia or Africa )

but don't fret there is PLENTY to learn in the investing/share-market game whether a novice or well versed veteran

 

[divs4ever]

ASX price data for the period early Dec is different from Tradingview.
However, both ASX and Tradingview show that holders are worse off. Why would shareholders vote in favour of every 10 converted into 1 share effective 30 Nov 21?
Say I held 10 shares X $0.66 (ASX closing price 29 Nov), which is worth $6.60
After the 10 shares are consolidated into 1, the holding is worth 1X $0.835 (today's close on ASX) = $0.835
I am $6.52 worse off.
BTW ASX shows 52 week range $0.54 to $1.550.

that is the 'weird ' data i was talking about , although i was using other sources

i think you would find the 10 shares were worth closer to 7 cents each ( according to one chart in late November ) ( 70 cents in total and SO FAR the changes have had a positive effect , probably the 'Rare Earths ' tag )

this is one benefit of NOT relying on just one resource when researching it only takes some sloppy keyboard entries , or slow updates to have you in immediate loss ( and yes sometimes i get bitten also .. usually slow updates on outstanding debt )

Trade History​

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Trade History table

SORTDATE INASCENDINGORDER	SORTOPEN $INASCENDINGORDER	SORTHIGH $INASCENDINGORDER	SORTLOW $INASCENDINGORDER	SORTCLOSE $INASCENDINGORDER	SORTCHANGE $INASCENDINGORDER	SORTCHANGE %INASCENDINGORDER	SORTVOLUMEINASCENDINGORDER
14/12/2021	0.790	0.860	0.790	0.855	0.035	4.27	515,546
13/12/2021	0.810	0.850	0.770	0.820	0.750	1,071.43	310,805
01/12/2021	0.070	0.071	0.069	0.070	0.000	0.00	2,785,310
30/11/2021	0.067	0.071	0.067	0.070	0.004	6.06	6,611,280
29/11/2021	0.062	0.066	0.061	0.066	0.000	0.00	6,345,044
26/11/2021	0.068	0.068	0.064	0.066	-0.002	-2.94	3,227,156
25/11/2021	0.067	0.070	0.066	0.068	0.001	1.49	4,436,794
24/11/2021	0.066	0.067	0.062	0.067	0.000	0.00	4,793,553
23/11/2021	0.069	0.069	0.065	0.067	-0.002	-2.90	9,168,597
22/11/2021	0.069	0.069	0.068	0.069	0.000	0.00	735,919
19/11/2021	0.068	0.070	0.068	0.069	0.002	2.99	6,561,641
18/11/2021	0.069	0.069	0.067	0.067	-0.001	-1.47	5,727,985
17/11/2021	0.070	0.070	0.068	0.068	-0.001	-1.45	4,266,968
16/11/2021	0.071	0.071	0.069	0.069	-0.002	-2.82	3,216,401
15/11/2021	0.070	0.073	0.070	0.071	0.001	1.43	12,276,824
12/11/2021	0.067	0.070	0.067	0.070	0.001	1.45	4,574,728
11/11/2021	0.069	0.069	0.067	0.069	0.001	1.47	5,332,569
10/11/2021	0.071	0.071	0.066	0.068	-0.002	-2.86	9,708,349
09/11/2021	0.070	0.072	0.070	0.070	0.000	0.00	24,503,060
08/11/2021	0.070	0.073	0.069	0.070	0.002	2.94	11,636,013
05/11/2021	0.070	0.070	0.068	0.068	0.000	0.00	2,120,190
04/11/2021	0.069	0.070	0.068	0.068	0.000	0.00	7,213,125
03/11/2021	0.069	0.069	0.067	0.068	0.000	0.00	4,436,567
02/11/2021	0.069	0.069	0.068	0.068	0.000	0.00	4,421,111
01/11/2021	0.071	0.072	0.067	0.068	-0.003	-4.23	3,618,681
29/10/2021	0.071	0.072	0.069	0.071	0.001	1.43	4,829,349
28/10/2021	0.078	0.078	0.065	0.070	-0.006	-7.89	18,833,685
27/10/2021	0.078	0.078	0.076	0.076	-0.003	-3.80	5,531,291
26/10/2021	0.080	0.082	0.077	0.079	-0.001	-1.25	5,316,972
25/10/2021	0.078	0.080	0.077	0.080	0.002	2.56	10,902,612
22/10/2021	0.078	0.078	0.077	0.078	0.001	1.30	2,775,887
21/10/2021	0.080	0.080	0.077	0.077	-0.002	-2.53	3,801,352
20/10/2021	0.079	0.080	0.078	0.079	-0.001	-1.25	4,309,614
19/10/2021	0.081	0.081	0.078	0.080	-0.001	-1.23	12,618,516
18/10/2021	0.081	0.083	0.080	0.081	0.000	0.00	7,320,458
15/10/2021	0.083	0.084	0.081	0.081	-0.002	-2.41	5,816,884
14/10/2021	0.080	0.083	0.079	0.083	0.003	3.75	4,181,392
13/10/2021	0.079	0.081	0.078	0.080	0.003	3.90	5,919,384
12/10/2021	0.080	0.080	0.075	0.077	-0.002	-2.53	10,486,398
11/10/2021	0.080	0.081	0.078	0.079	-0.001	-1.25	6,983,825
08/10/2021	0.081	0.082	0.080	0.080	-0.002	-2.44	8,786,930
07/10/2021	0.080	0.082	0.080	0.082	0.002	2.50	5,622,910
06/10/2021	0.083	0.083	0.080	0.080	-0.002	-2.44	7,459,863
05/10/2021	0.085	0.086	0.082	0.082	-0.003	-3.53	6,951,153
04/10/2021	0.090	0.090	0.085	0.085	-0.006	-6.59	10,517,007
01/10/2021	0.091	0.092	0.090	0.091	0.000	0.00	3,956,867
30/09/2021	0.090	0.091	0.089	0.091	0.000	0.00	2,376,250
29/09/2021	0.090	0.091	0.087	0.091	0.001	1.11	9,013,688
28/09/2021	0.095	0.095	0.090	0.090	-0.002	-2.17	4,771,515
27/09/2021	0.086	0.092	0.086	0.092	0.006	6.98	5,762,123
24/09/2021	0.086	0.088	0.085	0.086	0.001	1.18	3,706,328
23/09/2021	0.084	0.085	0.083	0.085	0.000	0.00	888,751
22/09/2021	0.081	0.085	0.081	0.085	0.004	4.94	3,307,085
21/09/2021	0.079	0.084	0.078	0.081	0.001	1.25	7,254,119
20/09/2021	0.083	0.084	0.079	0.080	-0.004	-4.76	12,972,118
17/09/2021	0.086	0.086	0.082	0.084	-0.002	-2.33	9,940,426
16/09/2021	0.085	0.089	0.085	0.086	0.001	1.18	4,967,916
15/09/2021	0.085	0.088	0.084	0.085	0.000	0.00	9,411,792
14/09/2021	0.087	0.087	0.084	0.085	-0.002	-2.30	8,288,961
13/09/2021	0.084	0.089	0.084	0.087	0.003	3.57	5,517,064
10/09/2021	0.085	0.087	0.082	0.084	0.001	1.20	9,810,889
09/09/2021	0.088	0.088	0.083	0.083	-0.005	-5.68	11,976,286
08/09/2021	0.089	0.090	0.088	0.088	-0.001	-1.12	5,869,051
07/09/2021	0.090	0.091	0.089	0.089	0.000	0.00	3,681,219
06/09/2021	0.093	0.093	0.089	0.089	-0.003	-3.26	7,264,161
03/09/2021	0.090	0.096	0.090	0.092	0.002	2.22	10,806,033
02/09/2021	0.092	0.093	0.089	0.090	0.000	0.00	4,998,591
01/09/2021	0.086	0.091	0.086	0.090	0.004	4.65	6,996,283
31/08/2021	0.086	0.087	0.084	0.086	0.000	0.00	1,854,179
30/08/2021	0.087	0.087	0.084	0.086	0.000	0.00	3,056,320
27/08/2021	0.086	0.087	0.085	0.086	-0.001	-1.15	1,747,923
26/08/2021	0.085	0.087	0.085	0.087	0.001	1.16	6,720,463
25/08/2021	0.087	0.087	0.084	0.086	0.001	1.18	7,711,817
24/08/2021	0.087	0.087	0.084	0.085	-0.001	-1.16	6,509,336
23/08/2021	0.085	0.086	0.082	0.086	0.004	4.88	7,477,945
20/08/2021	0.088	0.088	0.082	0.082	-0.005	-5.75	12,771,545
19/08/2021	0.088	0.089	0.086	0.087	0.000	0.00	6,834,123
18/08/2021	0.089	0.089	0.087	0.087	-0.002	-2.25	9,788,966
17/08/2021	0.092	0.092	0.089	0.089	-0.002	-2.20	12,433,068
16/08/2021	0.094	0.095	0.091	0.091	-0.003	-3.19	13,837,449
13/08/2021	0.092	0.095	0.092	0.094	0.002	2.17	15,965,448
12/08/2021	0.092	0.093	0.092	0.092	-0.001	-1.08	15,607,020
11/08/2021	0.094	0.095	0.092	0.093	0.000	0.00	9,736,186
10/08/2021	0.093	0.098	0.093	0.093	0.000	0.00	8,888,315
09/08/2021	0.093	0.095	0.091	0.093	0.001	1.09	8,978,164
06/08/2021	0.096	0.100	0.090	0.092	-0.018	-16.36	41,824,067
03/08/2021	0.110	0.115	0.110	0.110	0.000	0.00	2,451,767
02/08/2021	0.110	0.120	0.110	0.110	-0.005	-4.35	2,774,509
30/07/2021	0.120	0.120	0.110	0.115	0.005	4.55	4,257,880
29/07/2021	0.115	0.125	0.110	0.110	-0.005	-4.35	15,664,238
28/07/2021	0.120	0.125	0.115	0.115	-0.010	-8.00	8,460,855
27/07/2021	0.135	0.140	0.120	0.125	-0.010	-7.41	14,607,593
26/07/2021	0.145	0.155	0.130	0.135	-0.005	-3.57	32,646,503
23/07/2021	0.130	0.145	0.120	0.140	0.010	7.69	32,383,134
22/07/2021	0.120	0.140	0.110	0.130	0.039	42.86	83,796,696
20/07/2021	0.093	0.093	0.089	0.091	-0.002	-2.15	4,971,017
19/07/2021	0.095	0.095	0.092	0.093	-0.004	-4.12	4,845,045
16/07/2021	0.093	0.097	0.092	0.097	0.004	4.30	4,070,935
15/07/2021	0.097	0.097	0.093	0.093	-0.002	-2.11	782,620
14/07/2021	0.095	0.095	0.092	0.095	-0.001	-1.04	4,014,437
13/07/2021	0.099	0.099	0.096	0.096	-0.003	-3.03	1,776,430
12/07/2021	0.095	0.099	0.095	0.099	0.004	4.21	1,441,090
09/07/2021	0.097	0.099	0.093	0.095	-0.003	-3.06	3,106,935
08/07/2021	0.100	0.100	0.097	0.098	-0.001	-1.01	2,099,993
07/07/2021	0.102	0.103	0.098	0.099	-0.001	-1.00	5,666,156
06/07/2021	0.105	0.105	0.099	0.100	-0.010	-9.09	4,190,696
05/07/2021	0.110	0.110	0.100	0.110	0.000	0.00	1,165,623
02/07/2021	0.105	0.110	0.102	0.110	0.005	4.76	2,499,688
01/07/2021	0.100	0.105	0.100	0.105	0.005	5.00	2,813,246
30/06/2021	0.100	0.105	0.100	0.100	0.000	0.00	256,214
29/06/2021	0.097	0.105	0.096	0.100	0.001	1.01	3,094,572
28/06/2021	0.105	0.105	0.097	0.099	-0.006	-5.71	5,541,961
25/06/2021	0.105	0.105	0.100	0.105	0.003	2.94	2,403,036
24/06/2021	0.100	0.105	0.100	0.102	0.003	3.03	1,453,217
23/06/2021	0.110	0.110	0.095	0.099	-0.011	-10.00	13,483,856
22/06/2021	0.115	0.115	0.110	0.110	0.005	4.76	2,642,614
21/06/2021	0.115	0.115	0.105	0.105	-0.005	-4.55	3,436,156
18/06/2021	0.115	0.115	0.110	0.110	-0.005	-4.35	2,144,258
17/06/2021	0.115	0.115	0.110	0.115	-0.005	-4.17	1,223,325
16/06/2021	0.120	0.130	0.115	0.120	0.000	0.00	1,480,185
15/06/2021	0.130	0.130	0.120	0.120	-0.010	-7.69	1,607,375
11/06/2021	0.130	0.130	0.120	0.130	0.000	0.00	2,530,875
10/06/2021	0.125	0.130	0.120	0.130	0.005	4.00	1,529,666
09/06/2021	0.115	0.125	0.115	0.125	0.010	8.70	4,772,127
08/06/2021	0.120	0.120	0.115	0.115	0.000	0.00	3,717,550
07/06/2021	0.125	0.125	0.115	0.115	-0.015	-11.54	2,300,967
04/06/2021	0.130	0.130	0.120	0.130	0.000	0.00	4,510,708
03/06/2021	0.115	0.135	0.115	0.130	0.020	18.18	13,847,301
02/06/2021	0.110	0.115	0.110	0.110	-0.005	-4.35	586,495
01/06/2021	0.115	0.120	0.105	0.115	0.000	0.00	3,644,830
31/05/2021	0.110	0.115	0.105	0.115	0.010	9.52	4,190,271
28/05/2021	0.120	0.120	0.105	0.105	-0.010	-8.70	5,432,821
27/05/2021	0.105	0.115	0.100	0.115	0.015	15.00	6,778,841
26/05/2021	0.096	0.105	0.095	0.100	0.003	3.09	4,121,118
25/05/2021	0.095	0.099	0.094	0.097	0.002	2.11	3,732,395
24/05/2021	0.092	0.105	0.092	0.095	0.003	3.26	8,051,407
21/05/2021	0.094	0.094	0.092	0.092	-0.002	-2.13	1,106,058
20/05/2021	0.092	0.094	0.090	0.094	0.003	3.30	2,059,814
19/05/2021	0.095	0.096	0.091	0.091	-0.004	-4.21	2,350,476
18/05/2021	0.093	0.096	0.090	0.095	0.004	4.40	4,779,689
17/05/2021	0.098	0.098	0.091	0.091	-0.006	-6.19	2,596,654
14/05/2021	0.099	0.099	0.091	0.097	0.003	3.19	7,542,641
13/05/2021	0.100	0.105	0.092	0.094	0.009	10.59	30,940,470
12/05/2021	0.087	0.090	0.084	0.085	-0.002	-2.30	2,118,294
11/05/2021	0.088	0.091	0.087	0.087	-0.002	-2.25	1,376,357
10/05/2021	0.092	0.092	0.087	0.089	-0.003	-3.26	2,302,435
07/05/2021	0.083	0.092	0.083	0.092	0.009	10.84	3,951,282
06/05/2021	0.082	0.084	0.076	0.083	0.003	3.75	5,165,264
05/05/2021	0.085	0.085	0.079	0.080	-0.005	-5.88	5,299,067
04/05/2021	0.089	0.089	0.085	0.085	-0.002	-2.30	1,389,828
03/05/2021	0.090	0.091	0.087	0.087	-0.003	-3.33	1,837,416
30/04/2021	0.092	0.093	0.089	0.090	-0.003	-3.23	2,287,587
29/04/2021	0.090	0.093	0.089	0.093	0.004	4.49	61,057,927
28/04/2021	0.088	0.092	0.088	0.089	0.001	1.14	2,187,148
27/04/2021	0.089	0.090	0.088	0.088	-0.001	-1.12	1,876,640
26/04/2021	0.091	0.092	0.089	0.089	-0.002	-2.20	1,551,466
23/04/2021	0.093	0.093	0.091	0.091	0.000	0.00	1,760,132
22/04/2021	0.094	0.094	0.091	0.091	-0.001	-1.09	1,718,538
21/04/2021	0.093	0.093	0.091	0.092	-0.001	-1.08	2,684,762
20/04/2021	0.097	0.099	0.093	0.093	-0.004	-4.12	2,353,623
19/04/2021	0.099	0.105	0.097	0.097	-0.001	-1.02	5,618,886
16/04/2021	0.105	0.105	0.098	0.098	-0.002	-2.00	8,082,872
15/04/2021	0.100	0.105	0.099	0.100	-0.005	-4.76	4,757,224
14/04/2021	0.100	0.110	0.097	0.105	0.005	5.00	9,103,902
13/04/2021	0.105	0.105	0.098	0.100	-0.005	-4.76	5,573,724
12/04/2021	0.105	0.110	0.099	0.105	0.005	5.00	8,984,880
09/04/2021	0.100	0.105	0.099	0.100	0.002	2.04	5,451,479
08/04/2021	0.091	0.100	0.091	0.098	0.008	8.89	9,424,618
07/04/2021	0.090	0.091	0.089	0.090	0.000	0.00	702,313
06/04/2021	0.093	0.093	0.089	0.090	0.000	0.00	2,328,831
01/04/2021	0.087	0.092	0.086	0.090	0.003	3.45	3,109,827
31/03/2021	0.087	0.089	0.085	0.087	0.000	0.00	3,159,899
30/03/2021	0.092	0.092	0.087	0.087	-0.003	-3.33	2,927,243
29/03/2021	0.091	0.092	0.090	0.090	0.000	0.00	604,640
26/03/2021	0.089	0.092	0.089	0.090	0.001	1.12	1,697,209
25/03/2021	0.093	0.093	0.089	0.089	-0.003	-3.26	1,639,084
24/03/2021	0.085	0.094	0.085	0.092	0.008	9.52	3,362,627
23/03/2021	0.091	0.091	0.083	0.084	-0.007	-7.69	10,165,858
22/03/2021	0.100	0.100	0.090	0.091	-0.005	-5.21	6,566,259
19/03/2021	0.100	0.102	0.096	0.096	-0.002	-2.04	5,643,309
18/03/2021	0.092	0.105	0.092	0.098	0.007	7.69	11,916,222
17/03/2021	0.095	0.095	0.091	0.091	-0.002	-2.15	2,704,723
16/03/2021	0.097	0.098	0.091	0.093	-0.002	-2.11	8,828,632
15/03/2021	0.105	0.105	0.091	0.095	-0.005	-5.00	7,272,905
12/03/2021	0.099	0.105	0.099	0.100	0.000	0.00	1,563,674
11/03/2021	0.105	0.105	0.098	0.100	-0.005	-4.76	5,438,807
10/03/2021	0.110	0.110	0.100	0.105	0.000	0.00	1,947,334
09/03/2021	0.105	0.110	0.100	0.105	0.000	0.00	1,258,769
08/03/2021	0.110	0.110	0.100	0.105	0.000	0.00	4,110,873
05/03/2021	0.096	0.105	0.088	0.105	0.006	6.06	10,203,639
04/03/2021	0.100	0.105	0.096	0.099	-0.006	-5.71	3,453,299
03/03/2021	0.098	0.105	0.096	0.105	0.009	9.38	4,957,128
02/03/2021	0.105	0.105	0.096	0.096	-0.009	-8.57	13,621,959
01/03/2021	0.110	0.120	0.105	0.105	-0.005	-4.55	2,912,480
26/02/2021	0.120	0.120	0.110	0.110	-0.015	-12.00	6,150,611
25/02/2021	0.120	0.125	0.115	0.125	0.010	8.70	5,666,059
24/02/2021	0.120	0.120	0.115	0.115	0.000	0.00	2,657,244
23/02/2021	0.115	0.120	0.110	0.115	-0.005	-4.17	6,628,726
22/02/2021	0.125	0.125	0.110	0.120	0.000	0.00	9,728,338
19/02/2021	0.130	0.132	0.120	0.120	-0.010	-7.69	5,022,522
18/02/2021	0.135	0.135	0.125	0.130	-0.005	-3.70	7,088,676
17/02/2021	0.115	0.135	0.110	0.135	0.025	22.73	10,639,489
16/02/2021	0.115	0.115	0.110	0.110	0.000	0.00	3,739,912
15/02/2021	0.110	0.120	0.105	0.110	0.000	0.00	7,687,853
12/02/2021	0.110	0.115	0.110	0.110	0.000	0.00	2,011,093
11/02/2021	0.120	0.120	0.110	0.110	-0.010	-8.33	3,054,436
10/02/2021	0.115	0.120	0.110	0.120	0.005	4.35	3,842,517
09/02/2021	0.100	0.115	0.100	0.115	0.005	4.55	12,440,940
08/02/2021	0.115	0.115	0.105	0.110	0.000	0.00	2,842,323
05/02/2021	0.115	0.115	0.100	0.110	0.000	0.00	5,797,013
04/02/2021	0.120	0.125	0.110	0.110	-0.015	-12.00	5,032,001
03/02/2021	0.115	0.140	0.115	0.125	0.005	4.17	18,526,732
02/02/2021	0.120	0.125	0.115	0.120	0.005	4.35	3,163,327
01/02/2021	0.097	0.115	0.093	0.115	0.015	15.00	9,648,942
29/01/2021	0.105	0.115	0.098	0.100	0.000	0.00	10,219,616
28/01/2021	0.110	0.110	0.099	0.100	-0.010	-9.09	9,179,118
27/01/2021	0.125	0.130	0.110	0.110	-0.015	-12.00	12,894,272
25/01/2021	0.110	0.130	0.105	0.125	0.025	25.00	16,748,482
22/01/2021	0.098	0.115	0.098	0.100	0.005	5.26	21,758,031
21/01/2021	0.088	0.098	0.088	0.095	0.007	7.95	11,355,006
20/01/2021	0.081	0.088	0.079	0.088	0.005	6.02	4,003,407
19/01/2021	0.082	0.083	0.080	0.083	0.004	5.06	2,884,161
18/01/2021	0.082	0.085	0.079	0.079	-0.002	-2.47	4,010,892
15/01/2021	0.080	0.081	0.077	0.081	0.004	5.19	2,552,110
14/01/2021	0.077	0.078	0.076	0.077	0.000	0.00	3,315,535

source Commsec ( and i assume Morning Star )

 

[peter2]

@Bourseboy A shareholder is better off after this consolidation not worse off.

If the prices in @divs4ever csv are correct (as they seem to be).

On the close of 1/12/2021, a PEK shareholder with 10 shares had a market value of 0.070 x 10 = 0.70

On the open of 13/12/2021 the PEK shareholder had their holding divided by 10 and were worth 0.81 (x1). This is an increase not a decrease.



Why the increase? During the gap between the dates PEK probably traded under a temporary code (PEKxx or something like that) while the consolidation was sorted. Over the course of these 12 days, investors must have liked the company's name change and renewed focus in the hot "rare earth" sector and bid the price higher. When trading resumed under the normal PEK code (13/12) the price had risen.

 

[divs4ever]

yes worth watching to see if this is the rare consolidation that keeps moving higher , although i suspect at sub $1 there will still be plenty of trading action on this stock ( given it was fairly volatile leading up to the consolidation )