Guardian Holdings open to stock split
GUARDIAN Holdings Limited, which recently cross-listed on the Jamaica Stock Exchange (JSE), could execute a stock split sometime in the future. Speaking on Taking Stock with Kalilah Reynolds, CEO of Guardian Holdings Ravi Tewari said a stock split was discussed prior to relisting. He added that it remains on the cards. "Business is quite fluid so we will make the appropriate decision at the appropriate time. What we do can change from time to time [but] with some of the changes to the rules in terms of the number of shares that can be owned and traded, we don''t see it [the stock split] as a particular issue at the moment," said Tewari. "It is always something on the table," he added, when pressed. A stock split increases the number of shares in a company without changing the company''s overall value. Shareholders can be offered two, three, four or any number of shares for each of their existing shares, but the overall value of their shareholding remains the same. For example, if a person owns 100 shares in a company at $50 each, the total value of all their shares is $5,000.
Guardian Holdings open to stock split
GUARDIAN Holdings Limited, which recently cross-listed on the Jamaica Stock Exchange (JSE), could execute a stock split sometime in the future. Speaking on Taking Stock with Kalilah Reynolds, CEO of Guardian Holdings Ravi Tewari said a stock split was discussed prior to relisting. He added that it remains on the cards. "Business is quite fluid so we will make the appropriate decision at the appropriate time. What we do can change from time to time [but] with some of the changes to the rules in terms of the number of shares that can be owned and traded, we don''t see it [the stock split] as a particular issue at the moment," said Tewari. "It is always something on the table," he added, when pressed. A stock split increases the number of shares in a company without changing the company''s overall value. Shareholders can be offered two, three, four or any number of shares for each of their existing shares, but the overall value of their shareholding remains the same. For example, if a person owns 100 shares in a company at $50 each, the total value of all their shares is $5,000.