What does it mean when a stock splits?

[fatal.lordes]

Hi

I'm very new to all this and I've a share purchase (OMH) that has announced that it's split. I'm not sure what this means, if it's good or bad, or what exactly is going on. Can anyone shed some light for me?

Thanks.

 

[fatal.lordes]

Found a good blurb about it here, so I thought I would share it with others incase you're wondering too.

 

[Mike Trader]

Found a good blurb about it here, so I thought I would share it with others incase you're wondering too.

FYI Omh is OMHA from today until June 16 when it will revert to OMH.The other reason it is sometimes done is that the new split stock will increase in price above its split price ,beause its price is more acessible to more buyers.Cheers Mike

 

[nomore4s]

FYI Omh is OMHA from today until June 16 when it will revert to OMH.The other reason it is sometimes done is that the new split stock will increase in price above its split price ,beause its price is more acessible to more buyers.Cheers Mike

Which is why OMH have done it apparently.

Appears to have worked though, price is currently at $2.49 which is equivalent to $4.98 before the split. I think it closed at $4.70 yesterday, so nice rise.

I hold.