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IFON (IFON) has 3 splits in our IFON split history database. The first split for IFON took place on March 21, 2011. This was a 10 for 24 reverse split, meaning for each 24 shares of IFON owned pre-split, the shareholder now owned 10 shares. For example, a 1000 share position pre-split, became a 416.666666666667 share position following the split. IFON's second split took place on October 11, 2017. This was a 1 for 5 reverse split, meaning for each 5 shares of IFON owned pre-split, the shareholder now owned 1 share. For example, a 416.666666666667 share position pre-split, became a 83.3333333333333 share position following the split. IFON's third split took place on March 09, 2018. This was a 1 for 5 reverse split, meaning for each 5 shares of IFON owned pre-split, the shareholder now owned 1 share. For example, a 83.3333333333333 share position pre-split, became a 16.6666666666667 share position following the split.
When a company such as IFON 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 IFON split history from start to finish, an original position size of 1000 shares would have turned into 16.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into IFON shares, starting with a $10,000 purchase of IFON, presented on a split-history-adjusted basis factoring in the complete IFON split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-24.94%|
|Cool Holdings is a provider of wireless handsets (phones, cell phones, mobile phones, feature phones and smartphones), tablets and accessories to carriers, distributors and retailers in Latin America. Co. defines, sources and sells its proprietary line of products under the verykool® brand. Co.'s verykool® products include a range of Global System for Mobile communications feature phones and Android-based smartphones. Co.'s subsidiaries conduct some of its business activities in their respective regions as well as sources its verykool® products, oversees production at manufacturers, conducts quality control and monitors third party logistics and warehousing for shipment to its customers. According to our IFON split history records, IFON has had 3 splits.|
|IFON Split History Table|
|03/21/2011||10 for 24|
|10/11/2017||1 for 5|
|03/09/2018||1 for 5|
|Technology Stock Splits|
|IFON is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: IFON shares outstanding history