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Video: What is a Stock Split?
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BIMI International Medical is a holding company. Through its subsidiaries, Co. is engaged in health care industry. Co. operates in four reportable segments: wholesale medical devices, which distributes medical devices, including medical consumables; wholesale pharmaceuticals, which includes supplying prescription and over-the-counter (OTC) medicines, traditional Chinese medicines (TCM), healthcare supplies and sundry items; medical services, which includes the hospitals acquired; and retail pharmacies, which sells prescription and OTC medicines, TCM, healthcare supplies, and sundry items to retail customers through its directly-owned pharmacies and authorized retail stores. According to our BIMI split history records, BIMI International Medical has had 2 splits. | |
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BIMI International Medical (BIMI) has 2 splits in our BIMI split history database. The first split for BIMI took place on February 03, 2022. This was a 1 for 5 reverse split, meaning for each 5 shares of BIMI 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. BIMI's second split took place on December 12, 2022. This was a 1 for 10 reverse split, meaning for each 10 shares of BIMI owned pre-split, the shareholder now owned 1 share. For example, a 200 share position pre-split, became a 20 share position following the split.
When a company such as BIMI International Medical 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 BIMI split history from start to finish, an original position size of 1000 shares would have turned into 20 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BIMI International Medical shares, starting with a $10,000 purchase of BIMI, presented on a split-history-adjusted basis factoring in the complete BIMI split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/24/2014 |
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End date: |
04/22/2024 |
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Start price/share: |
$62.00 |
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End price/share: |
$1.12 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.19% |
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Average Annual Total Return: |
-33.05% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$180.73 |
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Years: |
10.00 |
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Date |
Ratio |
02/03/2022 | 1 for 5 | 12/12/2022 | 1 for 10 |
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