|Free Dividend Report|
|Stock Splits Calendar|
|GLG Stock Split History|
|Preferred Stock Newsletter|
|Top Option Ideas|
|Stock Message Boards|
Bat Group (GLG) has 1 split in our GLG split history database. The split for GLG took place on January 17, 2019. This was a 1 for 5 reverse split, meaning for each 5 shares of GLG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as Bat Group 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 GLG split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Bat Group shares, starting with a $10,000 purchase of GLG, presented on a split-history-adjusted basis factoring in the complete GLG split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-36.99%|
|About Bat Group|
|Bat Group, through its subsidiaries, is engaged in a luxurious car leasing business operating in China. Co.'s operations consist of renting out its luxurious pre-owned automobiles from its stores in Beijing and Tianjin, as well as in the Hebei province. Co. operates a luxurious car business that is conducted under the brand name Batcar through its variable interest entities entity, Beijing Tianxing Kunlun Technology Co. Ltd. Co. also conducts credit checks against customers who place orders. In addition, Co. conducts damage and theft risks by installing GPS trackers on each of its vehicles to track the location of the vehicle, and the locations of the vehicles are monitored every hour. According to our GLG split history records, Bat Group has had 1 split.|
|GLG Split History Table|
|01/17/2019||1 for 5|
|Consumer Stock Splits|
|GLG is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:|