Towards the end of November this year GTL Resources shares fell to 2.5P and then fire again to € 1.90. Why??
Around in late November this year was watching the actions and resources GTL plummeted throughout 2.5P (see link in the table of stock prices and select period 3 months: http://uk.finance.yahoo.com/q/bc?s=GTL.L&t=3m.) I use a fancy tool Stock Trader and bought 3500 pounds worth of shares. I've done a "fantasy" profit of around £ 300k. I wanted to know why it happened this part plummet as there is no news related to this and Yahoo Finance has not even registered a fall in the range of 52 weeks of the population of GTL. Could someone explain? Somthing this dramatic should have some news related to it!? If your use of any help to bullbearings.co.uk commercial stocks of fantasy, etc. Some information would be greatly appreciated in this isn't first Once I've seen spikes like this in stock. Thank you!
Hello, on 1 December this year, GTL launched a 1:100 stock split, where, say, on November 30 was 2p per share, then on Dec. 1 became 200 pence per share. If there were, for example, ownership of 175,000 shares on November 30 at 2p each, worth £ 3,500. On December 1 would be 1.750 shares owned at 200 pence each, worth £ 3,500. As a shareholder, money makes no difference to you, except for the fact that the distribution of shares may generate more interest in a company for potential investors. When produces a split, make sure that the factors for historical information this because, as you've discovered, can give a false impression.
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