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QKLS (QKLS) has 2 splits in our QKLS split history database. The first split for QKLS took place on June 12, 2012. This was a 1 for 3 reverse split, meaning for each 3 shares of QKLS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split. QKLS's second split took place on February 05, 2013. This was a 1 for 8 reverse split, meaning for each 8 shares of QKLS owned pre-split, the shareholder now owned 1 share. For example, a 333.333333333333 share position pre-split, became a 41.6666666666667 share position following the split.
When a company such as QKLS 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 QKLS split history from start to finish, an original position size of 1000 shares would have turned into 41.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into QKLS shares, starting with a $10,000 purchase of QKLS, presented on a split-history-adjusted basis factoring in the complete QKLS split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-46.66%|
|QKL Stores is a regional supermarket chain that operates supermarkets, hypermarkets and department stores in northeastern China and Inner Mongolia. Co.'s supermarkets carry merchandise divided into three key categories: grocery, fresh food, and non-food items. Grocery items include prepared or packaged foods; bulk (unpackaged) grains; bottled water and beverages; and cigarettes. Fresh-food items include raw meat; cooked meats; seafood; bakery items; and noodles and pastas, among others. Non-food items include clothing and shoes; books and stationery; and bedding and home furnishings, among others. As of Dec 31 2014, Co. operated 26 supermarkets, 18 hypermarkets and four department stores. According to our QKLS split history records, QKLS has had 2 splits.|
|QKLS Split History Table|
|06/12/2012||1 for 3|
|02/05/2013||1 for 8|
|Services Stock Splits|
|QKLS is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:|