Inkcazo ye-Reverse Stock Split kunye Neyiphi i-Reverse Stock Splits Eyasetyenziswayo
- Iyiphi isahluko esahlukileyo esahlukileyo?
- Kutheni inkampani inokukhetha ukuba iphinde ihlukane ngokuhlukana kwempahla?
- Ngaba kukho nayiphi na inzuzo okanye iingxaki kule ntshukumo?
Ukukunceda ukuqonda ukuhlukana kwezinto ezifunekayo kufuneka uqale uqonde izinto ezisiseko; i-justification, mechanics, kunye neenzuzo ezinokwenzeka zenkampani ngokuhlengahlengisa isisitye sayo esifanayo ngokushukunyiswa okwenzekayo kuphela kubonakala ukuba kuphawulwe xa izulu zezoqoqosho zisesimnyama kunye nemibono ebusayo.
Ukuqonda i-Reverse Stock Splits
Iinkampani ezininzi zizama ukuluhlu lwesitokhwe sabo esifanayo kunye nesitokhethi esikhethwayo kwenye yezona zinto zintengiso ezinkulu , ezifana ne-NYSE, ngoko banokunikela ngokukhululeka kwamashishini . Ukuze ufumane kwaye ulondoloze uluhlu lwezentengiselwano, iqumrhu kufuneka lidibanise imigaqo-nkqubo eninzi, kubandakanywa nenani elincinci labanikazi bamashishini ajikelezileyo (abanini-mali abanamasheya angaphezu kwe-100), inani elipheleleyo labanikazi bamashishini, umyinge othile wenzuzo yemali , inani elithile labantu izabelo ezibalaseleyo, kunye nexabiso elincinci lentengo. Ezi mfuno zenzelwe ukuqinisekisa ukuba izitokhwe eziqhelekileyo ezibekwa njengeziqinisekiso zokuthengiselana zenziwa ngamashishini ahloniphekileyo, ahlonitshweyo, asebenzayo ngokwezimali amela injini enkulu yokuveliswa kwezoqoqosho eMelika. Oko akuthethi ukuba baya kuba nokutyalomali kakuhle-ngokudlulileyo, abanye baye bachithwa, bebashiya abatyali-mali babo ngeentlungu ezibuhlungu - kuphela ukuba ishishini likhulu ngokwaneleyo ukuhlangabezana nomgangatho weshintsho.
Ngexesha leemarike okanye uxinzelelo lwezoqoqosho, kubandakanywa ngexesha lokunciphisa ihlabathi , amashishini ngamnye okanye amacandelo onke angahlaselwa yintlupheko yehleko kwixabiso lentengo yesabelo. Njengoko kukhankanywe ngaphambili, umphumela webhola ye-intanethi ngumzekelo ogqityiweyo kuba izitokisi ezininzi zawela ngamaphesenti angama-90 okanye ngaphezulu.
Ngoku kutshanje, ukuwa kwe-2009 kwambona ezinye iifemu ezithandwa ngaphambili zangena ekungcoleni ngokupheleleyo, intengo yesithamo njengengxenyana nje yento yangaphambili. Ukuba intengo yemarike iwa ngokukhawuleza, inkampani ibeka ingozi ekutshintshisweni ; ubunzima obunzima kubabenzi bezinto ezikhoyo. Kwi-New York Stock Exchange, oku kubangelwa emva kwezabelo zenkampani zorhwebo ngaphantsi kwe-$ 1 ngesabelo ngeentsuku ezingama-30 ezilandelelanayo.
Ukuchithwa kweSitokisi zeSitokthi kunokunceda abaTyalo-mali bagcine ubuGcisa kunye neNkampani ukuPhepha ukuNgcibilikiswa koKuhlaselwa
Ukuze uphephe ukuhlazeka kunye nokungahambi kakuhle kokungcoliswa, iBhodi yabaLawuli benkampani inokuthi ivakalise ukuhlukana kwezinto ezinqamlekileyo ngenjongo yodwa yokwandisa ixabiso lentengo yexabiso lemali yezabelo zayo. Ukunyuka akukho miphumo yezoqoqosho ngokwenene kwaye, kwinqaba, ayilunganga okanye ayibi kubaphathi bempahla.
Nasi umzekeliso ukubonisa ingcamango. Cinga ukuba unamalungu angamawaka a-1000 ye-Bubble Gum Industries, Inc., ukuthengisa nganye kwi-15 yesabelo ngasinye. Ibhitshi ixabisa isiqhelo esingenakwenzeka ngaphambili. Iqumrhu lilahlekelwa ngabathengi abakhulu , lijongene nempikiswano yomsebenzi kunye nabasebenzi, kunye namava okwenyuka kweendleko zexabiso eliyimveliso, ukuphazamisa inzuzo.
Isiphumo sibonakaliswa ngokuphawulekayo kwintengo yesitoko, ewela njengetshe yonke indlela ukuya kwi $ 0.80 ngesabelo ngasinye. Oku kubi. Kwixesha elide, ukholelwa ukuba ishishini liya kuhlala lilungile kodwa kunzima ukuhlala nethemba, ngakumbi xa izabelo zakho zicatshulwa ngokutshintshwa kwipokethi.
Amathemba ambalwa-futshane awajonga kakuhle. Ulawulo uyazi ukuba kufuneka senze into ethile ukuze ugweme ukungcola, ngoko kubuza abalawuli abakhankanywe ngasentla ukuba bavakalise ukuhlukana kwe-stock-10. IBhodi iyavuma kwaye inani elipheleleyo lezabelo ezisezantsi liyancitshiswa ngama-90 ekhulwini. Uvuka ngelinye ilanga, ungene kwi- akhawunti yakho ye- brokerage , kwaye ngoku ufumanisa ukuba esikhundleni sokuba neengxenye ezi-1,000 kwi $ 0.80 nganye, unayo izabelo eziyi-100 kwi $ 8.00 nganye. Ezoqoqosho, wena usemgangathweni ofanayo njengoko wawukho ngaphambi kokuhlulwa kwempahla, kodwa inkampani sele ithengile ixesha.
Enye yemifanekiso edumileyo kwi-stock split kwiminyaka yamuva ngu-AIG, owayengumngxubevange womshuwalense we-blue-chip owawungenakuphathwa kakubi, wonakalisa ubutyebi babanini-mali. NgoSeptemba ka-2007, isitokhwe sasithengisa kwi-67.65 ngemali nganye. Ukususela ngo-Agasti 2016, isitotyi sivaliwe kwi-58.94 yehora nganye ngesabelo. La manani amabini ayalivali kude, ngaba? Eyona nto iyingozi kakhulu. Ngomhla ka-Julayi ka-2009, izabelo ze-AIG zine-20-for-1 inverse stock division. Ukulungiswa kweso sigaba sokuhlulwa, isitokethi sama-67.65 esithengiweyo ngoSeptemba ka-2007 ngoku ixabise i-$ 2.95 isabelo ngasinye. Ngaphambi kokuhlawulela, ulahlekelwe ngaphezu kwama-95.6% otyalo-mali emva kweminyaka engama-9 ngokulandela ngesineke isicwangciso sokuthenga nokubamba .