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Central European Media Enterprises (CETV) has 3 splits in our CETV split history database. The first split for CETV took place on December 15, 1999. This was a 1 for 8 reverse split, meaning for each 8 shares of CETV owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split. CETV's second split took place on January 10, 2003. This was a 2 for 1 split, meaning for each share of CETV owned pre-split, the shareholder now owned 2 shares. For example, a 125 share position pre-split, became a 250 share position following the split. CETV's third split took place on November 05, 2003. This was a 2 for 1 split, meaning for each share of CETV owned pre-split, the shareholder now owned 2 shares. For example, a 250 share position pre-split, became a 500 share position following the split.
When a company such as Central European Media Enterprises splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as Central European Media Enterprises conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the CETV split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Central European Media Enterprises shares, starting with a $10,000 purchase of CETV, presented on a split-history-adjusted basis factoring in the complete CETV split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-15.73%|
|About Central European Media Enterprises|
|Central European Media Enterprises is a media and entertainment company operating in Central and Eastern Europe. Co. has five segments; Bulgaria, which operates one general entertainment channel, BTV, and five other channels; Czech Republic, which operates one general entertainment channel, TV NOVA, and seven other channels; Romania, which operates one general entertainment channel, PRO TV, and six other channels; the Slovak Republic, which operates one general entertainment channel, TV MARKIZA, and three other channels, DOMA, DAJTO and MARKIZA INTERNATIONAL; and Slovenia, which operates two general entertainment channels, POP TV and KANAL A, and three other channels, KINO, BRIO and OTO. According to our CETV split history records, Central European Media Enterprises has had 3 splits.|
|CETV Split History Table|
|12/15/1999||1 for 8|
|01/10/2003||2 for 1|
|11/05/2003||2 for 1|
|Services Stock Splits|
|CETV is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: CETV shares outstanding history