Citibank Stock Split ?

With rising costs and increased learning needs, financing our children's education is no longer a simple walk in the park. Discuss with other parents about how they are managing their finances to cope with their expenses.

Citibank Stock Split ?

Postby micollh » Tue May 10, 2011 9:41 am

what does that mean? i have only 1 lot for this stock.. and now the price from USD$4 plus to $44 plus? is that mean if i sell now, i will get $44k ???

micollh
KiasuGrandMaster
KiasuGrandMaster
 
Posts: 3320
Joined: Tue Feb 15, 2011 3:28 pm
Total Likes: 0


Re: Citibank Stock Split ?

Postby 30plus » Tue May 10, 2011 12:38 pm

Obviously not.

If you have 1,000 shares before reverse split, you will have 100 shares by now. So, the value is still more or less the same.

30plus
GreenBelt
GreenBelt
 
Posts: 114
Joined: Thu Oct 21, 2010 12:13 am
Total Likes: 0


Re: Citibank Stock Split ?

Postby micollh » Tue May 10, 2011 12:39 pm

30plus wrote:Obviously not.

If you have 1,000 shares before reverse split, you will have 100 shares by now. So, the value is still more or less the same.


Thanks. seem like the share value is being diluted. i got a shock when i saw that this morning. muahah.. tot i become rich overnight.

micollh
KiasuGrandMaster
KiasuGrandMaster
 
Posts: 3320
Joined: Tue Feb 15, 2011 3:28 pm
Total Likes: 0



Return to Money Matters