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 Video: What is a Stock Split?
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| SHFL Entertainment is a gaming supplier operating in gaming markets. As of Oct 31 2011, Co. provided its products in four segments: Utility products, which include automatic card shufflers and roulette chip sorters; Proprietary Table Games, which include live games, side bets and progressives as well as its i-Gaming, which features online versions of its table games, social gaming and mobile applications; Electronic Table Systems, which include various e-Table game platforms; and Electronic Gaming Machines, which include video slot machines. Each segment's activities include the design, development, manufacturing, marketing, distribution, installation and servicing of a product line. According to our SHFL split history records, SHFL has had 4 splits. | |
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SHFL (SHFL) has 4 splits in our SHFL split history database. The first split for SHFL took place on December 01, 2000. This was a 3 for 2 split, meaning for each 2 shares of SHFL owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. SHFL's second split took place on June 19, 2001. This was a 3 for 2 split, meaning for each 2 shares of SHFL owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. SHFL's third split took place on April 19, 2004. This was a 3 for 2 split, meaning for each 2 shares of SHFL owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. SHFL's 4th split took place on January 18, 2005. This was a 3 for 2 split, meaning for each 2 shares of SHFL owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split.
When a company such as SHFL 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.
Looking at the SHFL split history from start to finish, an original position size of 1000 shares would have turned into 5062.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SHFL shares, starting with a $10,000 purchase of SHFL, presented on a split-history-adjusted basis factoring in the complete SHFL split history.
SHFL -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 12/01/2000 | 3 for 2 | | 06/19/2001 | 3 for 2 | | 04/19/2004 | 3 for 2 | | 01/18/2005 | 3 for 2 |
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