Vicom share split: No consensus on impact to volume and price

Singapore

VICOM'S proposal to split each of its ordinary shares into four could breathe new life into a relatively illiquid stock known for dishing out steady dividends.

Vicom's theoretical post-split share price of S$1.953, calculated based on the volume weighted average price of S$7.813 per share for trades done on Feb 12, would make the stock much more affordable for investors. Since the announcement of the proposed split on Feb 12, shares in the vehicle inspection outfit have been on a tear, gaining 8.7 per cent.