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ENL is a broad-based conglomerate with interests in most sectors of the Mauritius economy listed on the Stock Exchange of Mauritius.It operates in Agro-industry, Real Estate, Hospitality, Logistics, Finance & technology, Commerce and Industry sectors with a diverse portfolio of more than 120 brands and employs over 7,000 people.
The free market dictates the price of every publicly traded company’s stock. All share prices exist at the intersection of what the seller is willing to accept and what the buyer is willing to pay.
Location of Mauritius. Mauritius is an island nation in the Indian Ocean about 2,000 kilometres (1,200 mi) off the southeast coast of the African continent. Since independence in 1968, Mauritius has developed from a low-income, agriculture-based economy to a middle-income diversified economy.
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
The stock is up 54% year to date in 2024 and up 1,580% over the past 10 years (as of this writing). This encouraged the company to declare a 10-for-1 stock split , which it completed in July.
Since its IPO in early 2006, the stock has returned 7,360%, leading to a massive 50-for-1 stock split earlier this year -- the first in the company's history.
A reverse stock split occurs on an exchange basis, such as 1-10. When a company announces a 1-10 reverse stock split, for example, it exchanges one share of stock for every 10 that a shareholder owns.
Founded in 1899, the Rogers Group is a Mauritius-based listed international services and investment company with expertise in five Segments: Finance & Technology, Hospitality & Travel, Logistics, Malls, and Reals Estate & Agribusiness.