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ChinaNet Online Holdings (CNET) has 3 splits in our CNET split history database. The first split for CNET took place on March 09, 1999. This was a 2 for 1 split, meaning for each share of CNET owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. CNET's second split took place on June 01, 1999. This was a 2 for 1 split, meaning for each share of CNET owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. CNET's third split took place on August 19, 2016. This was a 4 for 10 reverse split, meaning for each 10 shares of CNET owned pre-split, the shareholder now owned 4 shares. For example, a 4000 share position pre-split, became a 1600 share position following the split.
When a company such as ChinaNet Online Holdings 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 ChinaNet Online Holdings 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 CNET split history from start to finish, an original position size of 1000 shares would have turned into 1600 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ChinaNet Online Holdings shares, starting with a $10,000 purchase of CNET, presented on a split-history-adjusted basis factoring in the complete CNET split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-18.74%|
|About ChinaNet Online Holdings|
|ChinaNet Online Holdings is a holding company. Through its subsidiaries and operating entities, Co. operates a one-stop services for its clients on its Omni-channel advertising, marketing and data analysis management system. Co. provides various advertising channels and marketing services through this system, which include distribution of the right to use search engine marketing services it purchased from key search engines, provision of online advertising placements on its web portals, sales of lead information as well as sell provision of TV advertising service. Co.'s 28.com and liansuo.com are two of the Internet portals for information relating to small business opportunities in China. According to our CNET split history records, ChinaNet Online Holdings has had 3 splits.|
|CNET Split History Table|
|03/09/1999||2 for 1|
|06/01/1999||2 for 1|
|08/19/2016||4 for 10|
|Services Stock Splits|
|CNET 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: CNET shares outstanding history