Here are the upcoming stock splits for the week of February 10 to February 14 in the Australian market. For additional details on stock splits in the UK and US markets, visit TipRanks’ Stock Splits Calendar.
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A stock split is a financial move when a company issues more shares to its existing shareholders while reducing the price per share. Consequently, the total value of the investment remains the same for a shareholder. Similarly, the overall market capitalization of the company remains the same both before and after the split.
The primary purpose of a stock split is to enhance liquidity and make the stock more affordable for investors.
On the other hand, in a reverse stock split, a company reduces the total number of outstanding shares by consolidating them. Despite this reduction, the company’s market capitalization remains unchanged because the share price increases proportionally to balance the consolidation. It is also known as stock consolidation and is often used to boost the stock price, which can help meet listing requirements or improve the stock’s perception in the market.
Let’s take a quick look at the upcoming stock splits in Australia for this week.
Avira Resources Limited (AU:AVW) – Avira Resources (formerly Avira Energy) is a mineral exploration company focused on exploring tin, gold, copper, and other base and precious metals. On January 10, the company announced a one-for-20 reverse stock split of its ordinary shares. AVX shares are expected to start trading on a split-adjusted basis on February 14.
K-Tig Limited (AU:KTG) – K-Tig is the developer and manufacturer of Keyhole TIG, a patented welding technology known for its high quality, productivity, and repeatability. In January, the company announced a one-for-13 reverse stock split of its securities, including ordinary fully paid shares and various performance rights. KTG shares are expected to start trading on a split-adjusted basis from February 14. This decision is part of K-TIG’s strategy to simplify its securities and possibly improve its market position.
To learn more about historical and upcoming stock splits in different markets, visit the TipRanks Stock Splits Calendar.
