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EGT (EGT) has 2 splits in our EGT split history database. The first split for EGT took place on June 12, 2012. This was a 1 for 4 reverse split, meaning for each 4 shares of EGT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split. EGT's second split took place on February 26, 2015. This was a 1 for 4 reverse split, meaning for each 4 shares of EGT owned pre-split, the shareholder now owned 1 share. For example, a 250 share position pre-split, became a 62.5 share position following the split.
When a company such as EGT 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 EGT split history from start to finish, an original position size of 1000 shares would have turned into 62.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into EGT shares, starting with a $10,000 purchase of EGT, presented on a split-history-adjusted basis factoring in the complete EGT split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-12.38%|
|Entertainment Gaming Asia is a gaming company. Co.'s business activities entail: the owning and leasing of electronic gaming machines (EGMs) placed in resorts, hotels and other venues in Cambodia and the Philippines; the design, manufacture and distribution of gaming chips and plaques under its Dolphin brand and distribution of third-party gaming products to main casinos in Southeast Asia and Australia; and the early-stage development of a social casino gaming platform designed for the Pan-Asian market. Co. has two segments: gaming operations, which includes leasing of its owned EGMs; and gaming products, which includes the design, manufacture and distribution of gaming chips and plaques. According to our EGT split history records, EGT has had 2 splits.|
|EGT Split History Table|
|06/12/2012||1 for 4|
|02/26/2015||1 for 4|
|Services Stock Splits|
|EGT is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:|