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Resolution shares

melbury
melbury Posts: 13,251 Forumite
Part of the Furniture 10,000 Posts Name Dropper I've been Money Tipped!
in Savings & investments
Saw this tipped as a good dividend share, but on looking at historic charts the share price seemed to tumble in 2010 from over £25 per share to just over £2. I have been Googling but can 't find out why:mad:

Does anyone have these shares or know what happened to cause such a drop?

I am still thinking about Vodafone, but wondering just how low they will go....
Stopped smoking 27/12/2007, but could start again at any time :eek:

Comments

  • Ifts
    Ifts Posts: 1,960 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    edited 20 December 2012 at 9:39PM
    melbury wrote: »
    the share price seemed to tumble in 2010 from over £25 per share to just over £2.

    Unless we are talking about a different share, I cant see a drop from £25 to just over £2 in 2010?

    Sorry if Ive got the wrong share but I looked at -

    chart_image?finance_chart=1&&action=charts&average%5Fflag=M&chart%5Faction=chart%5Fdraw&chart%5Fannotations=none&chart%5Fmoving%5Faverage%5F1%5Ftype=none&chart%5Fmoving%5Faverage%5F2%5Ftype=none&chart%5Fmoving%5Faverage%5F3%5Ftype=none&chart%5Fprimary%5Fticker=LSE%3ARSL&chart%5Ftime%5Fperiod=5%5Fyear&co%5Fdimension%5Eheight=360&co%5Fdimension%5Ewidth=540&csi=1901686&finance%5Fchart=1&fixed%5Fticker=1&intraday%5Fprices=1&intraday%5Ftrades=1&pass=1&primary%5Fchart%5Ftype=stack%5Fline&show%5Fmin%5Fmax%5Fpoints=1&stock%5Fexchange%5Fid=1&co_dimension^width=540&hide_volume=&plot_colour=&canvas_colour=&&co_dimension^height=360&transparent_canvas=&use_transparency=&show_intraday_volumes=


    Resolution Ltd. (RSL) Chart: https://www.share.com/cgi-bin/oicgi.exe/inet_raccount?function=dl2&epic=RSL&csi=1901686&action=charts
    Never let the perfume of the premium overpower the odour of the risk
  • melbury
    melbury Posts: 13,251 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've been Money Tipped!
    This is where I saw it, you have to click the 3 year option on the charts.

    http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary-chart.html?fourWayKey=GG00B62W2327JEGBXSET1
    Stopped smoking 27/12/2007, but could start again at any time :eek:

  • Linton
    Linton Posts: 18,280 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    I dont know where you got your data from. See here for the charts from the Resolution website - no sign of a massive drop at any time. The company is being built up by takeovers, the majority of these didnt happen til 2010/2011 and it seems that the share trading volume has only been large since Aug 2010 which is about when it entered the FTSE100.
  • Linton
    Linton Posts: 18,280 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    Found it - there was a large rights issue (company issues new shares to attract new investment) and share consolidation (company swaps existing shares for more at a proprortionally smaller value each to make trading easier) which brought in a lot more capital and greatly increased the size of the company which is why it entered the FTSE100 at that time. Basically the shares prior to July/August 2010 are for what was effectively a different company to that after Aug 2010.
  • melbury
    melbury Posts: 13,251 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've been Money Tipped!
    Linton wrote: »
    Found it - there was a large rights issue (company issues new shares to attract new investment) and share consolidation (company swaps existing shares for more at a proprortionally smaller value each to make trading easier) which brought in a lot more capital and greatly increased the size of the company which is why it entered the FTSE100 at that time. Basically the shares prior to July/August 2010 are for what was effectively a different company to that after Aug 2010.

    Oh thanks for that, thought I was going nuts:T

    So the 3 year chart on the London Stock Exchange site does show £25+ per share then pre-July 2010? I just couldn't find an explanation anywhere.
    Stopped smoking 27/12/2007, but could start again at any time :eek:

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