{"id":2406,"date":"2022-04-12T08:00:54","date_gmt":"2022-04-12T06:00:54","guid":{"rendered":"https:\/\/monocle2022.wearemanyfold.com\/?p=2406"},"modified":"2022-05-01T12:48:17","modified_gmt":"2022-05-01T10:48:17","slug":"le-split-%e2%9c%82%ef%b8%8f","status":"publish","type":"post","link":"https:\/\/monocle.lu\/en\/2022\/04\/12\/le-split-%e2%9c%82%ef%b8%8f\/","title":{"rendered":"The split \u2702\ufe0f"},"content":{"rendered":"

Normally a split is when the price of a share has risen a lot, the old share is redivided into X new shares, so that the price is affordable again for the small holders.<\/p>\n

Financially it doesn't change anything: I had a pizza with 4 slices, I divide the same pizza into 8 slices: each new slice is half the size of the previous one but the pizza has not changed in size. 2 times more slices 2 times smaller.<\/p>\n

Examples of splits: in 2020, after strong increases in their respective share prices, Apple and Tesla announce splits. Why not.<\/p>\n

Now, a month ago, we saw a more folkloric split: Amazon. Because Amazon announces this split while its price increase over the last months is nada, zero, nicht. In fact, for the last 18 months, the stock has been around $3000. The only reason for this split would seem to be to give the stock price some color. It worked well, but only for a few days: in fine, remember, the size of the pizza does not change. It took a few days for the market to integrate this notion, but it is now the case: Amazon is still worth nearly $3000 tonight.<\/p>\n

Today, here's the split that could only happen in a market as gamestopian as the current one: Shopify. Because what has Shopify's stock price done in the last 18 months? It's lost 66%. The stock has gone from $1,500 to $600. Splitting after a decline is new in 2022. It's a sign of the times. Kind of a desperate move, and it won't change the size of the pizza.<\/p>\n

Shopify releases in 15 days. If you're a shareholder, I remind you that Shopify is valued tonight at nearly $80 Billion. In the last quarter, it made an operating profit of $14 Million...<\/p>\n

Have a great week,<\/p>\n

Charles<\/p>","protected":false},"excerpt":{"rendered":"

Normalement un split, c’est quand le cours d’une action est beaucoup mont\u00e9, on redivise l’ancienne action en X nouvelles, pour que le prix soit \u00e0 nouveau abordable pour…<\/p>","protected":false},"author":8,"featured_media":2441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-le-billet-de-monocle"],"acf":[],"yoast_head":"\nMonocle - Le split \u2702\ufe0f<\/title>\n<meta name=\"description\" content=\"Un split, c'est quand le cours d'une action est beaucoup mont\u00e9, on redivise l'ancienne action en X nouvelles, pour que le prix soit \u00e0 nouveau abordable pour les petits porteurs.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monocle - 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