The New Ireland Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is long-term capital appreciation through investment primarily in equity securities of Irish companies. Under normal circumstances, the Fund invests at least 80% of its total assets in Irish equity and fixed income securities. At least 65% of the Fund's total assets will be invested in equity securities of issuers organized under the laws of Ireland (Irish Companies). Accordingly, the Fund's assets invested in equity securities of Irish Companies may include investments in companies that are organized in Ireland, but have limited business activities in Ireland. We show 1 historical shares outstanding datapoints in our IRL shares outstanding history coverage, used to compute IRL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing IRL market cap history over the course of time is important for investors
interested in comparing IRL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of IRL versus a peer is one thing; comparing
IRL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like IRL can fluctuate over the course of history.
With this page we aim to empower investors researching IRL by allowing them to research the IRL market cap history. |
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Video: The Importance of Market Cap
