|
Video: What is a Stock Split?
|
|
Midatech Pharma is a holding company. Through its subsidiaries, Co. is focused on the research and development of medicines using its drug delivery technologies. These technologies include Q-Sphera platform, a disruptive polymer microsphere microtechnology used for sustained delivery to prolong and control the release of therapeutics over an extended period of time; MidaSolve platform, an oligosaccharide nanotechnology to solubilize drugs so that they can be administered in liquid form directly and locally into tumors; and MidaCore platform, a gold nanoparticle nanotechnology used for targeting sites of disease by using either chemotherapeutic agents or immunotherapeutic agents. According to our MTP split history records, MLP and Strategic Equity Fund has had 5 splits. | |
|
MLP and Strategic Equity Fund (MTP) has 5 splits in our MTP split history database. The first split for MTP took place on February 01, 1990. This was a 2 for 1
split, meaning for each share of MTP owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. MTP's second split took place on August 09, 1999. This was a 2 for 1
split, meaning for each share of MTP owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. MTP's third split took place on April 08, 2019. This was a 1 for 10 reverse split, meaning for each 10 shares of MTP owned pre-split, the shareholder now owned 1 share. For example, a 4000 share position pre-split, became a 400 share position following the split. MTP's 4th split took place on March 03, 2020. This was a 1 for 5 reverse split, meaning for each 5 shares of MTP owned pre-split, the shareholder now owned 1 share. For example, a 400 share position pre-split, became a 80 share position following the split. MTP's 5th split took place on September 26, 2022. This was a 1 for 5 reverse split, meaning for each 5 shares of MTP owned pre-split, the shareholder now owned 1 share. For example, a 80 share position pre-split, became a 16 share position following the split.
When a company such as MLP and Strategic Equity Fund splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as MLP and Strategic Equity Fund 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 MTP split history from start to finish, an original position size of 1000 shares would have turned into 16 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MLP and Strategic Equity Fund shares, starting with a $10,000 purchase of MTP, presented on a split-history-adjusted basis factoring in the complete MTP split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
12/08/2015 |
|
End date: |
03/24/2023 |
|
Start price/share: |
$1,570.00 |
|
End price/share: |
$0.28 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-99.98% |
|
Average Annual Total Return: |
-69.31% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$1.81 |
|
Years: |
7.29 |
|
|
|
Date |
Ratio |
02/01/1990 | 2 for 1
| 08/09/1999 | 2 for 1
| 04/08/2019 | 1 for 10 | 03/03/2020 | 1 for 5 | 09/26/2022 | 1 for 5 |
|
|