A consolidation means punters like me have to be wary, lest they try to sell what they don't own!
The company has raised abt 6m and consolidated its shares making them about* 1 at market pricing prior to this.....(-that's 1 share for every 30 held ))
...the huge % rise is nothing more than poor software being incapable of flagging-up a change in share density, with the Mkt Cap being adjusted for the new shares at the new price...etc...

*a couple of days ago they were (mid=3.25pence), therefore a straight-line 30x would make this = 97.0 pence

whats the point here? I have L2 @ 95.00 - 97.00, which translates to what you just mentioned above. (or am I missing something?)

Sorry Sned missed yr posting. The post was to remind existing shareholders their old certificates are being replaced - this has now happened. However, many small-caps don't do this and your old certificates may show 1000 shares, say when they are really only 33, with the remainder benefiting the company. The software here only show the numerical change in sp, not the fact they are denser, so it looks as though the Market has reacted!
One of the reason CEN suggested (for the consolidation) was to reduce the many small holders, totaling 5000 then. But it seems to me that a consolidation of 30 will not achieve anything.
Let's say you had bought, like me, 1200 shares in May 2001 ( 37pence, six and a half years ago). These would cost with charges etc 500. Even with no further purchases, consolidating would produce 40 new shares . . . does this reduce the number of shareholders? . . . . I think not.

I note that the sp today has slipped from the 97p mid Aug07, to 79 p today.
That equates to a pre-consolidation level of 2.6 pence, lower than before and this ignores the cash raised (without shareholder participation!).
Does the Market think this business is unlikley to come good for some time. . . . . . + what's L2 looking like?
Crystal Balls needed, I think.

Consolidation narrows the % spread, a huge advantage when buying in the market, and makes the share attractive to buyers.

Also, when over 1, it becomes attractive to institutions that won't deal in 'penny stocks'

If current trends continue it'll be a penny stock again by December.

50p now ( early Dec07)...
...but that's what CONsolidation does - it makes Companies "think" they've hit the BIG time, when all they've done is repainted the name......

Most companies consolidate too soon ( their Broker makes some money, I guess), for it needs to be done at a time when the stock is in demand - so each day the sp is even greater....that way the big jump looks like really good news.

If done when the stock is under pressure, the increase allows more folk to "get out" thinking this is the last refuge of scoundrels ( can I say that?)...
which is is!
CONsolidation is nothing other than a CON- since it adds nothing to the value of the business and take Exec time ( and "our" money ), to perpetuate a worthless shuffle. The notion that Institutions sudenly get interested is not worthy of consideration - they know a stinker when they see it...and I'm looking at one right now!

I'm saying this [CEN]Consolidation was badly times ( most are!), for it won't be 2007 that sees any excitement.....indeed, I wonder if there. . . . .

Yeap, looks like this bird is going down.