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Video: What is a Stock Split?
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One Horizon Group is a provider of proprietary messaging software and engaged in the sale of licenses primarily into the gaming, security and educational markets. Co. owns Once In A Lifetime LLC, which is a subscription-based marketplace that focuses on providing users with opportunities to engage in personalized activity with some of the social media influencers including as well as celebrities, athletes, fashion designers, and artists while supporting a range of charities. Co. also owns C-Rod, Inc., including its record label, Velveteen Entertainment, and media division, Mues Media, which is a music production company. According to our OHGI split history records, OHGI has had 4 splits. | |
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OHGI (OHGI) has 4 splits in our OHGI split history database. The first split for OHGI took place on August 11, 2006. This was a 1 for 1500 reverse split, meaning for each 1500 shares of OHGI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 0.666666666666667 share position following the split. OHGI's second split took place on July 21, 2008. This was a 1 for 250 reverse split, meaning for each 250 shares of OHGI owned pre-split, the shareholder now owned 1 share. For example, a 0.666666666666667 share position pre-split, became a 0.00266666666666667 share position following the split. OHGI's third split took place on October 20, 2009. This was a 1 for 600 reverse split, meaning for each 600 shares of OHGI owned pre-split, the shareholder now owned 1 share. For example, a 0.00266666666666667 share position pre-split, became a 4.44444444444444e-06 share position following the split. OHGI's 4th split took place on February 08, 2010. This was a 3 for 1 split, meaning for each share of OHGI owned pre-split, the shareholder now owned 3 shares. For example, a 4.44444444444444e-06 share position pre-split, became a 1.33333333333333e-05 share position following the split.
When a company such as OHGI 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 OHGI 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 OHGI split history from start to finish, an original position size of 1000 shares would have turned into 1.33333333333333e-05 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into OHGI shares, starting with a $10,000 purchase of OHGI, presented on a split-history-adjusted basis factoring in the complete OHGI split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/21/2015 |
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End date: |
09/25/2019 |
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Start price/share: |
$1.96 |
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End price/share: |
$0.02 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.98% |
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Average Annual Total Return: |
-62.48% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$102.08 |
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Years: |
4.68 |
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Date |
Ratio |
08/11/2006 | 1 for 1500 | 07/21/2008 | 1 for 250 | 10/20/2009 | 1 for 600 | 02/08/2010 | 3 for 1 |
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