Australian (ASX) Stock Market Forum

Why have they reduced my shares?

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I have brought AIS shares at 0.17 cents and now I saw they are at 0.47 cents, but my shares have been reduced? Why is this because I don’t know what has happened.
 
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they are completing a share consolidation , seven old shares into one new share

and yes , the market didn't seem to like that so far

cheers
 
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I have brought AIS shares at 0.17 cents and now I saw they are at 0.47 cents, but my shares have been reduced? Why is this because I don’t know what has happened.

With respect, did you receive the relevant documentation about this? With corporate actions of this nature, the company is obliged to inform its shareholders and does so through the relevant share registry. If you haven't registered with that share registry and provided your contact details, you may have missed out on being notified.
 
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