December 12, 2006
RFID Ltd Shares To Split
RFID must be doing well. RFID Ltd. that is, whose shares (NASDAQ: ) will undergo a six-for-one stock split on Monday, Dec 11, 2006 (payout date Fri Dec 15/06). There are currently just over 26 million shares outstanding, and after the split there would be nearly 130M. The last trading price for the share (as of Fri Dec 8/06) was US$2.10. It's a pretty low share price to be undergoing such a high-volume split, but I think this is good news as it suggest executive confidence in their own company. That in turn might spark investor confidence on speculation that the company expects good things coming their way - which has been happening anyway. It makes me wonder why another "pure play" company, Alien Technology, decided to postpone their IPO.
sources: Business Wire via .
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