China Life to Conduct 2:1 Split
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According to Briefing.com, China Life Insurance (LFC) will conduct a 2:1 stock split when the trading begins on December 29th. There have been some rumors on Yahoo! Finance discussion board lately about the split, but this is the first official announcement. Closed near $140 yesterday, the price after the split will be much more affordable. Two days ago, Motley Fool had this to say about LFC
Since Google (Nasdaq: GOOG) came public, it’s had a monstrous run-up by any measure. Google’s total returns since that August 2004 IPO trail only China Life Insurance (NYSE: LFC) and Apple (Nasdaq: AAPL) among large-cap companies.
It will be interesting to see how LFC will trade after the split.
*The actual ratio is 2.66 to 1. LFC closed at $139.15 yesterday and was priced at $52.31 at today’s open. So the ratio is 139.15/52.31 = 2.66 instead of 2:1 reported by Briefing.com. My Scottrade still shows the number of shares I own at 500.
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Your opinion matters. Please use the form below to share your thoughts on China Life to Conduct 2:1 Split with us.Recent Entries
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Hey Sun,
Do you follow FXI? Since you are Chinese, what is your opinion? Do you think it will split soon?
Thanks, and I read your site several times per day. I appreciate sharing your knowledge.
Mark
I check my scottrade and only show to 2:1 split instead of the 2.66:1 split. Anyone knows if the 0.66x share if it will appear on the account later?
I think China Life will do just fine, once Warren Buffet stock Berkshire had a spilt it did fine even better. China Life will have a very good future.
@perkinsm : FXI is a very good investment. I have shares in FXI. Sun publish a blog on this fund. Please check his archives.
perkinsm: Regarding FXI, it probably is the best ETF on China. However, since FXI is much more like a mutual fund instead of a stock (though it’s traded and priced like a stock), I don’t think it’s very likely that there will be a split. Personally, I didn’t see any mutual fund does the split.
gert: I won’t worry too much about the number of shares after the split. It may take a little time for Scottrade to update the number.