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 Video: What is a Stock Split?
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| Globus Maritime is an integrated dry bulk shipping company, providing marine transportation services on a worldwide basis. Co. owns, operates and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. Co.'s operations are managed by Co.'s subsidiary, Globus Shipmanagement Corp., which provides in-house commercial and technical management for Co.'s vessels and provides consulting services for an affiliated ship-management company. Co. conducts its operations through its vessel owning subsidiaries. According to our GLBS split history records, Globus Maritime has had 4 splits. | |
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Globus Maritime (GLBS) has 4 splits in our GLBS split history database. The first split for GLBS took place on July 29, 2010. This was a 1 for 4 reverse split, meaning for each 4 shares of GLBS 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. GLBS's second split took place on October 20, 2016. This was a 1 for 4 reverse split, meaning for each 4 shares of GLBS 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. GLBS's third split took place on October 15, 2018. This was a 1 for 10 reverse split, meaning for each 10 shares of GLBS owned pre-split, the shareholder now owned 1 share. For example, a 62.5 share position pre-split, became a 6.25 share position following the split. GLBS's 4th split took place on October 21, 2020. This was a 1 for 100 reverse split, meaning for each 100 shares of GLBS owned pre-split, the shareholder now owned 1 share. For example, a 6.25 share position pre-split, became a 0.0625 share position following the split.
When a company such as Globus Maritime 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 GLBS split history from start to finish, an original position size of 1000 shares would have turned into 0.0625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Globus Maritime shares, starting with a $10,000 purchase of GLBS, presented on a split-history-adjusted basis factoring in the complete GLBS split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
08/04/2011 |
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| End date: |
08/03/2021 |
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| Start price/share: |
$25,400.00 |
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| End price/share: |
$2.83 |
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| Starting shares: |
0.39 |
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| Ending shares: |
0.43 |
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| Dividends reinvested/share: |
$1,620.00 |
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| Total return: |
-99.99% |
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| Average Annual Total Return: |
-59.39% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$1.21 |
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| Years: |
10.01 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
08/04/2011 |
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| End date: |
08/03/2021 |
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| Start price/share: |
$25,400.00 |
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| End price/share: |
$2.83 |
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| Dividends collected/share: |
$1,620.00 |
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| Total return: |
-93.61% |
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| Average Annual Total Return: |
-24.04% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$638.55 |
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| Years: |
10.01 |
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| Date |
Ratio |
| 07/29/2010 | 1 for 4 | | 10/20/2016 | 1 for 4 | | 10/15/2018 | 1 for 10 | | 10/21/2020 | 1 for 100 |
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