Ubisoft is planning on putting a two-for-one stock split to a vote at its September 22 annual meeting, Reuters reports. The French publisher's shares closed at €66.64 last Friday.
We checked with analyst extraordinaire Michael Pachter to find out what this stock split means. Poking his head up from charts and graphs – flicking his abacus a few times just for show – he simply said, "It's not really a big deal." Pachter explains that commissions are higher if an investor buys fewer than 100 shares so: 100 shares at €65 requires €6500 in funds, or around $10,000. Since individual investors don't like investing that much in a single stock, by splitting the stock, the cost of 100 shares is cut to around $5000.
That explained, Pachter turned his attention with giddy anticipation to the crystal ball he just received from Mystics 'R' Us in Eastern Europe and concluded, "It's really that simple."
Reader Comments (16)
Posted: Aug 18th 2008 3:19PM F1 Basu Gasu Bakuhatsu said
Posted: Aug 18th 2008 3:22PM (Unverified) said
1.Axe Raving Rabbids
2.Develop a REAL Rayman Sequel.
3.Make Millions.
How do you like my plan Ubisoft?
Reply
2.Develop a REAL Rayman Sequel.
3.Make Millions.
How do you like my plan Ubisoft?
Posted: Aug 18th 2008 4:20PM (Unverified) said
BEG...now I really need to play this game, even though I took Psychonauts as a target first.I'm on the Milkman Level now and it's fucking crazy.
Also, in my defence I've always looked for BEG at shops & second-hand but they never had it anywhere.But as soon as I'm done with Psch I'll either Steam or Ebay it with torrents being my last resort.
PS: Also Michel Ancel wasn't making Rayman 3 and it was still a great game.Ubi could revive the franchise but I guess that wouldn't be as profitable as Rabbids. Still hooray for BGE2!
Reply
Also, in my defence I've always looked for BEG at shops & second-hand but they never had it anywhere.But as soon as I'm done with Psch I'll either Steam or Ebay it with torrents being my last resort.
PS: Also Michel Ancel wasn't making Rayman 3 and it was still a great game.Ubi could revive the franchise but I guess that wouldn't be as profitable as Rabbids. Still hooray for BGE2!
Posted: Aug 18th 2008 3:40PM (Unverified) said
Or HOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!spital in the WAAAAAAAAAAAAAAAAAAAAAAAGH!!!mbulance if they decide to announce a new Rabbids game!
Reply
Posted: Aug 18th 2008 5:28PM (Unverified) said
Wait they develop Tonic trouble,I liked that game back in the day.
Second that.
Reply
Second that.
Posted: Aug 18th 2008 5:47PM Bouillestfu said
Hey Ubi! Prince of Persia WITH rewind time feature plox?
Reply
Posted: Aug 18th 2008 4:23PM (Unverified) said
pachter is right, there was a time, due to brokerage fees, that stock splitting mattered. This is no longer the case with online brokerages offering $5 trades- or free trade even. To the small investor, stock splitting still does matter- Berkshire shares are inaccessible to most people because the stock did not split.
But 10 shares at $60 or 20 shares at $30 is the same money.
Reply
But 10 shares at $60 or 20 shares at $30 is the same money.
Posted: Aug 18th 2008 5:31PM (Unverified) said
The rabbids are awesome but Ubi ports are abusing of them, so one call PETA FGS (I know they aren't real).
I want a new and properly done Prince of Persia, Tonic Trouble and a Rayman platformer with the rabbids. I know ubi isn’t there to make my dreams come true but never forget that Ubi likes my money.
Reply
I want a new and properly done Prince of Persia, Tonic Trouble and a Rayman platformer with the rabbids. I know ubi isn’t there to make my dreams come true but never forget that Ubi likes my money.
Posted: Aug 19th 2008 11:23AM (Unverified) said
"Since individual investors don't like investing that much in a single stock, by splitting the stock, the cost of 100 shares is cut to around $5000."
Or, they can just buy 50 shares, and still spend $5000.
Reply
Or, they can just buy 50 shares, and still spend $5000.
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