or Connect
AppleInsider › Forums › Investors › AAPL Investors › Apple increases issued shares for 7-for-1 stock split in official SEC amendment
New Posts  All Forums:Forum Nav:

Apple increases issued shares for 7-for-1 stock split in official SEC amendment

post #1 of 88
Thread Starter 
In a brief filing with the U.S. Securities and Exchange Commission on Friday, Apple officially announced an amendment to its Articles of Incorporation to reflect a 7-for-1 stock split that brings total allowed issuance to 12.6 billion shares.


Source: U.S. SEC


Apple notes in the SEC filing that it increased the number of shares authorized for issuance from 1.8 billion to 12.6 billion to account for the split. Currently, Apple has 8.61 million shares outstanding, which will jump to over 6 billion on Monday.

As part of the split, which is intended to open AAPL up to a larger number of investors, shareholders of record as of June 2 will automatically see each owned share split into seven shares of common stock.

Apple first announced its intentions to split in April as part of the company's quarterly conference call for the second quarter of 2014. In addition to the split, Apple's board of directors authorized a $30 billion increase to its stock buyback plan bringing the total allowance to $90 billion.

"We are announcing a significant increase to our capital return program," Apple CEO Tim Cook said at the time. "We're confident in Apple's future and see tremendous value in Apple's stock, so we're continuing to allocate the majority of our program to share repurchases."

As noted by AppleInsider on Thursday, the split-adjusted pricing will begin when trading starts on Monday. Considering a price of $645.57 at the closing bell on Friday, post-split shares will be valued at around $92 each, the first time AAPL has been available below $100 in almost seven years.

post #2 of 88
Question is: buy or not to buy? Wait and see if it goes down more then buy or buy right away?
post #3 of 88
Are you seriously considering basing an investment decision on a stock split?

Yes. Buy. Buy right away.
A is A
Reply
A is A
Reply
post #4 of 88

Apple did the best it could but it was plain to see Apple's stock momentum ran out of gas.  Apparently, Amazon's 3D smartphone overshadowed Apple's split as the Amazon smartphone is being touted as another thorn in Apple's side.  All available money over the past couple of days has been poured into Amazon while Apple's stock was left to stagnate.  It seems there were a few talking heads who thought Apple might reach as high as $700 pre-split.  That was really too much to ask for.  Now the analysts are saying Apple is going to fall hard because it's at nosebleed levels and has risen too high too fast over the past couple of months.  I'm sure hoping they're wrong and the stock is taking a breather before the mom and pop retail investors jump in.

post #5 of 88
Quote:
Originally Posted by cashxx View Post

Question is: buy or not to buy? Wait and see if it goes down more then buy or buy right away?

Well, you could always go long, then sell short. That's hedging.

 

In any case, asking anonymous contributors (which includes both fanbois and haters) at an Apple rumors tech forum for AAPL investment advice is laughable at best.

 

Good luck.

post #6 of 88
Quote:
Originally Posted by mpantone View Post
 

Well, you could always go long, then sell short. That's hedging.

 

In any case, asking anonymous contributors (which includes both fanbois and haters) at an Apple rumors tech forum for AAPL investment advice is laughable at best.

 

Good luck.

 

Plus it's obvious that asking supposed investment analysts for advice is even more laughable.

 

So, I guess he's f*cked.

na na na na na...
Reply
na na na na na...
Reply
post #7 of 88

I know it's a meaningless increase, but most people are not emotionless logic-only investors. 

 

Even beyond the "it's cheaper, so I'll buy it" thing. Apple was stagnant for so long, people feel like they "know" what range it should be in. This shakes up everyones head a little. Now 700 doesn't feel like such a psychological barrier. Maybe we'll actually get a more fair valuation without that baggage. 

post #8 of 88
I look forward to whatever happens Monday! If it rises, I'll be quite happy and if it falls, I'll just buy more.

Proud AAPL stock owner.

 

GOA

Reply

Proud AAPL stock owner.

 

GOA

Reply
post #9 of 88
Originally Posted by MagMan1979 View Post
Tallest Skill will lock the door behind you!

 

I gave back my copy of the key. Gotta shimmy the door open with a credit card like everyone else.

Originally Posted by helia

I can break your arm if I apply enough force, but in normal handshaking this won't happen ever.
Reply

Originally Posted by helia

I can break your arm if I apply enough force, but in normal handshaking this won't happen ever.
Reply
post #10 of 88
Quote:
Originally Posted by Constable Odo View Post

Apple did the best it could but it was plain to see Apple's stock momentum ran out of gas.  Apparently, Amazon's 3D smartphone overshadowed Apple's split as the Amazon smartphone is being touted as another thorn in Apple's side.  All available money over the past couple of days has been poured into Amazon while Apple's stock was left to stagnate.  It seems there were a few talking heads who thought Apple might reach as high as $700 pre-split.  That was really too much to ask for.  Now the analysts are saying Apple is going to fall hard because it's at nosebleed levels and has risen too high too fast over the past couple of months.  I'm sure hoping they're wrong and the stock is taking a breather before the mom and pop retail investors jump in.

I'm not sure you have good grasp of how the stock market works. It's a secondary market meaning when you buy a share of stock, you are buying it from someone else, not Apple or Amazon. So Apple or Amazon don't see a dime of your investment money. The share price of a stock should be reflective of the ability of that company to increase owners equity, not what other people are buying and selling. You should be basing this value on Apple Inc. actual value from their balance sheet and what you think their discounted future increases (or decrease) of owners equity.

I would tend to trust a consensus of financial analysts who have actually done some research over blind hope that the stock price will go up when "mom and pop retail investors jump in" (whatever you mean by that). Financial analysts will be wrong 100% of the time, because we do not have perfect information. But I'd rather base my investment decisions on reasonable thought rather than blindly playing stock market roulette.

-PopinFRESH
post #11 of 88
Quote:
Originally Posted by Constable Odo View Post
 

Apple did the best it could but it was plain to see Apple's stock momentum ran out of gas.  Apparently, Amazon's 3D smartphone overshadowed Apple's split as the Amazon smartphone is being touted as another thorn in Apple's side.  All available money over the past couple of days has been poured into Amazon while Apple's stock was left to stagnate.  It seems there were a few talking heads who thought Apple might reach as high as $700 pre-split.  That was really too much to ask for.  Now the analysts are saying Apple is going to fall hard because it's at nosebleed levels and has risen too high too fast over the past couple of months.  I'm sure hoping they're wrong and the stock is taking a breather before the mom and pop retail investors jump in.

 

Amazon's 3D phone? Really? Please just shut the **** up. I'm in awe that there's an actual human being behind that keyboard spewing those rants over and over again in every fucking thread. Do you expect Apple stock to rise in value linearly, infinitely? How the **** is it stagnating, because we've had ONE DAY where it didn't rise? Are you insane? Do you know how stock prices work? Sell every share you have and spare us your never-ending drivel.  

post #12 of 88

You know, on those days when I really fall into despair–which is every day–it’s always a little uplifting to read Slurpy’s comments to the fools of AI and know that at least I don’t post on websites about things that I hate.

Originally Posted by helia

I can break your arm if I apply enough force, but in normal handshaking this won't happen ever.
Reply

Originally Posted by helia

I can break your arm if I apply enough force, but in normal handshaking this won't happen ever.
Reply
post #13 of 88
Quote:
Originally Posted by AppleInsider View Post

In a brief filing with the U.S. Securities and Exchange Commission on Friday, Apple officially announced an amendment to its Articles of Incorporation to reflect a 7-for-1 stock split that brings total issuance to 12.6 billion shares.

Apple notes in the SEC filing that it increased the number of shares of common stock from 1.8 billion to 12.6 billion to account for the split.

As noted by AppleInsider on Thursday, the split-adjusted pricing will begin when trading starts on Monday. Considering a price of $645.57 at the closing bell on Friday, post-split shares will be valued at around $92 each, the first time AAPL has been available below $100 in almost seven years.

How is no one pointing out the multiple glaring factual errors in this article that's been up for nearly 5 hours?

Yesterday before the closing bell there were only 861.38 million shares outstanding. Post split there are now 6.029 billion shares outstanding. The SEC filing clearly states that Apple has a right to issue up to 12.6 billion shares, up from 1.8 billion, not that there are this many shares issued that this time.

If there were 12.6 billion shares today (or 1.8 billion yesterday) Apple's market capitalization would be 1.162 trillion dollars. Unfortunately we're still quite a ways off from that.

Additionally AAPL was daily trading below $100 per share for every day for several months before crossing the barrier permanently on March 18th, 2009. In what world is 5 years and 2 months equal to "almost 7 years."

AI isn't the only one making huge errors though. My Sharebuilder account has increased my shares x7 but hasn't reduced the stock price, so I look like a pretty rich dude at the moment.
post #14 of 88
Why is June 2 relevant? I bought more on June 4 and they all got the x7 split.
post #15 of 88
Quote:
Originally Posted by GregInPrague View Post

How is no one pointing out the multiple glaring factual errors in this article that's been up for nearly 5 hours?

Yesterday before the closing bell there were only 861.38 million shares outstanding. Post split there are now 6.029 billion shares outstanding. The SEC filing clearly states that Apple has a right to issue up to 12.6 billion shares, up from 1.8 billion, not that there are this many shares issued that this time.

If there were 12.6 billion shares today (or 1.8 billion yesterday) Apple's market capitalization would be 1.162 trillion dollars. Unfortunately we're still quite a ways off from that.

Additionally AAPL was daily trading below $100 per share for every day for several months before crossing the barrier permanently on March 18th, 2009. In what world is 5 years and 2 months equal to "almost 7 years."

AI isn't the only one making huge errors though. My Sharebuilder account has increased my shares x7 but hasn't reduced the stock price, so I look like a pretty rich dude at the moment.

I am wondering this too. Where is that 1.8 billions shares coming from....
post #16 of 88
Quote:
Originally Posted by jasonfj View Post

Why is June 2 relevant? I bought more on June 4 and they all got the x7 split.
Only the shares you owned on June 2 should be eligible for the split. At least that's what I understand
post #17 of 88
That doesn't make any sense.

I checked my trading account today and all my shares have split.
post #18 of 88
Quote:
Originally Posted by lannoc View Post

Only the shares you owned on June 2 should be eligible for the split. At least that's what I understand

Quote:
Originally Posted by jasonfj View Post

That doesn't make any sense.

I checked my trading account today and all my shares have split.
Interesting. So maybe because you were an existing shareholder on June 2? From the Apple website
"The Record Date – June 2, 2014 - determines which shareholders are entitled to receive additional shares due to the split."
post #19 of 88
Quote:
Originally Posted by herbapou View Post

I am wondering this too. Where is that 1.8 billions shares coming from....

It comes from a misunderstanding of the SEC filing. The filing says that prior to Friday Apple could have potentially issued up to 1.8 billion shares and that now they could issue up to 12.6 billion. It has nothing to do with actual shares outstanding. So if Apple really wanted I guess they could grant another 6 billion stock options to their employees, but that's pretty unlikely. If current investors had their value cut in half by that much dilution there would be an uproar of epic proportions.
post #20 of 88
Checked my account and it already reflects the split shares also...

Proud AAPL stock owner.

 

GOA

Reply

Proud AAPL stock owner.

 

GOA

Reply
post #21 of 88
Quote:
Originally Posted by Slurpy View Post

Amazon's 3D phone? Really? Please just shut the **** up. I'm in awe that there's an actual human being behind that keyboard spewing those rants over and over again in every fucking thread. Do you expect Apple stock to rise in value linearly, infinitely? How the **** is it stagnating, because we've had ONE DAY where it didn't rise? Are you insane? Do you know how stock prices work? What an obsessive little child you are. Seek help. Better yet, sell every share you have and spare us your never-ending drivel.  
Well to be fair, Wall Street did seem to go apeshit over this 3D phone announcement. Amazon stock is up almost 6% this week whereas the Nasdaq was up less than 2%. It's amazing how obsessed Wall Street is with gadgets. They shit their pants because Amazon is releasing a phone, not once asking if makes sense for Amazon to jump in the phone business. Then when Apple drops one bomb after another at WWDC these clowns call it underwhelming because no shiny new gadget was announced. Yukari Kane claimed the response to WWDC was the most tepid she's seen in 6 years (not sure what WWDC she was watching). Guest after guest on CNBC called it boring because no new hardware was announced. This is what we're dealing with - people who have no clue about Apple. They think of Apple as just a gadget maker and anytime someone else announces a new gadget it spells doom for Apple.
post #22 of 88
Quote:
Originally Posted by SpamSandwich View Post

Checked my account and it already reflects the split shares also...
Man I pulled up my account and just about fell over as it was about $100K higher than the last time I checked. Then I see AAPL listed as "pending today's transactions" and I came back down to earth.
post #23 of 88
Quote:
Originally Posted by Rogifan View Post


Man I pulled up my account and just about fell over as it was about $100K higher than the last time I checked. Then I see AAPL listed as "pending today's transactions" and I came back down to earth.

My wife nearly fell over when I (knowing it wasn't real) showed her our account this morning which is up nearly 500k over yesterday morning.  It's nice to dream though...

post #24 of 88
Quote:
Originally Posted by PopinFRESH View Post

I'm not sure you have good grasp of how the stock market works. It's a secondary market meaning when you buy a share of stock, you are buying it from someone else, not Apple or Amazon. So Apple or Amazon don't see a dime of your investment money. The share price of a stock should be reflective of the ability of that company to increase owners equity, not what other people are buying and selling. You should be basing this value on Apple Inc. actual value from their balance sheet and what you think their discounted future increases (or decrease) of owners equity.

I would tend to trust a consensus of financial analysts who have actually done some research over blind hope that the stock price will go up when "mom and pop retail investors jump in" (whatever you mean by that). Financial analysts will be wrong 100% of the time, because we do not have perfect information. But I'd rather base my investment decisions on reasonable thought rather than blindly playing stock market roulette.

-PopinFRESH
I don't think it's a question of whether he has a grasp of the market or not - it's obvious, when you look at his posts, he's one of the people on the payroll to knock Apple. Just more negative propaganda being spewed.
post #25 of 88
Quote:
Originally Posted by Constable Odo View Post

Apple did the best it could but it was plain to see Apple's stock momentum ran out of gas.  Apparently, Amazon's 3D smartphone overshadowed Apple's split as the Amazon smartphone is being touted as another thorn in Apple's side.  All available money over the past couple of days has been poured into Amazon while Apple's stock was left to stagnate.  It seems there were a few talking heads who thought Apple might reach as high as $700 pre-split.  That was really too much to ask for.  Now the analysts are saying Apple is going to fall hard because it's at nosebleed levels and has risen too high too fast over the past couple of months.  I'm sure hoping they're wrong and the stock is taking a breather before the mom and pop retail investors jump in.

The split hasn't occurred yet so how could it be overshadowed by anything? Try your story again Monday. Maybe you'll get some hits and a job offer as a financial analyst.
post #26 of 88
Why would anyone have bought AAPL after June 2 if they were not entitled to the split and end up with 1/7th the value of their investment? Still not making sense.
post #27 of 88
Quote:
Originally Posted by jasonfj View Post

Why would anyone have bought AAPL after June 2 if they were not entitled to the split and end up with 1/7th the value of their investment? Still not making sense.

They are entitled and will get the split.

They will simply have to wait longer before they get the additional shares while the record of the purchase catches up, usually about a week later.

post #28 of 88
Quote:
Originally Posted by Slurpy View Post
 

 

Amazon's 3D phone? Really? Please just shut the **** up. I'm in awe that there's an actual human being behind that keyboard spewing those rants over and over again in every fucking thread. Do you expect Apple stock to rise in value linearly, infinitely? How the **** is it stagnating, because we've had ONE DAY where it didn't rise? Are you insane? Do you know how stock prices work? Sell every share you have and spare us your never-ending drivel.  

 

Oh, he won't (as I'm sure you know).  He's been going on and on about how "APPLE IS DOOMED!" because of this idiotic 3D phone for weeks, now?

 

It won't ever stop.

post #29 of 88
Quote:
Originally Posted by GregInPrague View Post
 

My wife nearly fell over when I (knowing it wasn't real) showed her our account this morning which is up nearly 500k over yesterday morning.  It's nice to dream though...

 

That was mean! :)

post #30 of 88

Actually, his post is a pretty accurate assessment of what has happened. 

post #31 of 88
Quote:
Originally Posted by Jack Baker View Post
 

Actually, his post is a pretty accurate assessment of what has happened. 

 

Whose is?!

post #32 of 88

What? No mention about the minimum shares one can buy.


Edited by VisualZone - 6/7/14 at 12:46pm
If you want to call me names, tell me to shut up and f off...you will be ignored. I WILL NOT BE BULLIED!!
Reply
If you want to call me names, tell me to shut up and f off...you will be ignored. I WILL NOT BE BULLIED!!
Reply
post #33 of 88
Quote:
Originally Posted by Slurpy View Post
 

 

Amazon's 3D phone? Really? Please just shut the **** up. I'm in awe that there's an actual human being behind that keyboard spewing those rants over and over again in every fucking thread. Do you expect Apple stock to rise in value linearly, infinitely? How the **** is it stagnating, because we've had ONE DAY where it didn't rise? Are you insane? Do you know how stock prices work? Sell every share you have and spare us your never-ending drivel.  

Ever thought about anger management courses?

If you want to call me names, tell me to shut up and f off...you will be ignored. I WILL NOT BE BULLIED!!
Reply
If you want to call me names, tell me to shut up and f off...you will be ignored. I WILL NOT BE BULLIED!!
Reply
post #34 of 88
Quote:
Originally Posted by VisualZone View Post

No mention about the minimum shares one can buy.

You could place an order for one share at the market price if you want, but why? Why not make it worth your while? You could always put an order in for as little as a couple hundred dollars and keep building the account monthly, or whenever money is available. This would be a "dollar cost averaging" strategy. Just put the same amount every month into purchases.

The first order of business is getting an account with a broker and not going crazy or 'betting the house'.

Proud AAPL stock owner.

 

GOA

Reply

Proud AAPL stock owner.

 

GOA

Reply
post #35 of 88
Quote:
Originally Posted by SpamSandwich View Post


You could place an order for one share at the market price if you want, but why? Why not make it worth your while? You could always put an order in for as little as a couple hundred dollars and keep building the account monthly, or whenever money is available. This would be a "dollar cost averaging" strategy. Just put the same amount every month into purchases.

The first order of business is getting an account with a broker and not going crazy or 'betting the house'.

Quote from Apple:

 

Apple indicated that it elected to do a 7-1 split because, as the company noted, "we want Apple stock to be more accessible to a larger number of investors."

 

I had heard the minimum amount one can purchase is ten shares. Fact or fiction?

If you want to call me names, tell me to shut up and f off...you will be ignored. I WILL NOT BE BULLIED!!
Reply
If you want to call me names, tell me to shut up and f off...you will be ignored. I WILL NOT BE BULLIED!!
Reply
post #36 of 88
Quote:
Originally Posted by VisualZone View Post

Quote from Apple:

Apple indicated that it elected to do a 7-1 split because, as the company noted, "we want Apple stock to be more accessible to a larger number of investors."

I had heard the minimum amount one can purchase is ten shares. Fact or fiction?

Fiction. You buy stock from a broker, not directly from Apple (of course, there are exceptions, but I doubt you are an executive at Apple).

Proud AAPL stock owner.

 

GOA

Reply

Proud AAPL stock owner.

 

GOA

Reply
post #37 of 88
Quote:
Originally Posted by SpamSandwich View Post


Fiction. You buy stock from a broker, not directly from Apple (of course, there are exceptions, but I doubt you are an executive at Apple).

Thanks!! I have a financial adviser that helps me with my investments. He does the work and I give him the money. :lol: And yes I do keep an eye on things. I've done online banking, buying, shopping, etc. for years. And no, I'm far away from being an Apple executive.


Edited by VisualZone - 6/7/14 at 1:15pm
If you want to call me names, tell me to shut up and f off...you will be ignored. I WILL NOT BE BULLIED!!
Reply
If you want to call me names, tell me to shut up and f off...you will be ignored. I WILL NOT BE BULLIED!!
Reply
post #38 of 88
Quote:
Originally Posted by PopinFRESH View Post

I'm not sure you have good grasp of how the stock market works. It's a secondary market meaning when you buy a share of stock, you are buying it from someone else, not Apple or Amazon. So Apple or Amazon don't see a dime of your investment money. The share price of a stock should be reflective of the ability of that company to increase owners equity, not what other people are buying and selling. You should be basing this value on Apple Inc. actual value from their balance sheet and what you think their discounted future increases (or decrease) of owners equity.

I would tend to trust a consensus of financial analysts who have actually done some research over blind hope that the stock price will go up when "mom and pop retail investors jump in" (whatever you mean by that). Financial analysts will be wrong 100% of the time, because we do not have perfect information. But I'd rather base my investment decisions on reasonable thought rather than blindly playing stock market roulette.

-PopinFRESH


Well, the company can always issue more stock to employees or companies they acquire in lieu of cash, so high share prices save them tons of cash.
post #39 of 88
Quote:
Originally Posted by GregInPrague View Post

My wife nearly fell over when I (knowing it wasn't real) showed her our account this morning which is up nearly 500k over yesterday morning.  It's nice to dream though...

Hahaha, wow. I just took a screenshot of my cruelly inaccurate account balance. It's going to be a long time before I legitimately see 7 figures in there for real.
post #40 of 88
Quote:
Originally Posted by VisualZone View Post

Thanks!! I have a financial adviser that helps me with my investments. He does the work and I give him the money. lol.gif  And yes I do keep an eye on things. I've done online banking, buying, shopping, etc. for years. And no, I'm far away from being an Apple executive.

I used to use a person for a few things here and there, but I learned quickly that it made a lot more sense for me to understand and control every aspect of my money instead of handing every vital function off to someone else. Remember, if someone manages to lose all your money, you might get mad at them but you'll still be broke.

Proud AAPL stock owner.

 

GOA

Reply

Proud AAPL stock owner.

 

GOA

Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: AAPL Investors
AppleInsider › Forums › Investors › AAPL Investors › Apple increases issued shares for 7-for-1 stock split in official SEC amendment