I’m ready to start trading stocks, what do I do?
You sure you’re all set? Have you reviewed our stock trading tutorial about the types of stocks and other securities being traded, how profits are made, how much you need to trade stocks, and what types of orders you can make?
If you did and are really ready to go, then read on.
Shares of the beer unit of food and beverage conglomerate San Miguel Corporation will be listed on the Philippine Stock Exchange starting May 12.
Investors, however, can subscribe to the initial public offering (IPO) of San Miguel Brewery Inc. (SMB) from April 28.
More than 1.8 billion common shares will be sold to the public. Of this, 77 million to 154.8 million will be new shares, while 693.4 million to 1.4 billion will be shares currently owned by San Miguel Corp.
The offer price range is set at Php 8.00 - 15.40 per share. The offer price will be finalized on April 25.
At its lowest, the company expects to raise P7.1 billion from the IPO, proceeds of which will be used by the parent company to venture into new capital-intensive businesses such as energy and mining.
Discuss the SMB IPO and other IPO updates in the IPO Discussion, News and Updates thread in the PMT Forum.
Our “Investment Management” class in UP Diliman went to the Tektite Tower last week just before the Holy Week holiday to have a tour of the Philippine Stock Exchange (PSE).
It surely was exciting to actually visit one of the country’s stock trading floors but, at the same time, disappointing because we did not see a lot of “action.”
Remember pictures or movie scenes of stock traders where they shout and haggle their orders passionately on the floor? Well, there was nothing like that during our tour. In fact, at one point, we saw a few people taking a nap on their desks and also a group of traders chit-chatting — all during trading hours!
Early this morning, I panicked after logging in to my BPITrade online trading account because one of my holdings, Philex Mining Corporation (Stock Code: PX) was trading at P7.50 per share.
You can’t blame me. Only yesterday, the stock was trading at P9.40 and a P7.50 market price means a steep one-day decline of 20% (read: f*ck! I’m losing a lot of money in just one day!). At P7.50, I stand to lose money because I originally bought PX shares at P8.80.
I scoured local news websites for any update on what caused Philex’s price to drop. I found nothing. Is this the end of my trading account? Should I just accept the fact that I lost a lot of money in this stock?
If you placed money in the Philippine stock market from the beginning of January this year, you would have already lost 9% by now. That translates to a million pesos worth only P910,000 as of January 31.
That is based on the performance of the Philippine Stock Exchange index (PSEi), a basket of 30 listed common stocks representing the overall movement of market prices and the general state of the Philippine economy.
On January 31, the PSEi closed at 3,294.08, down 9.04% compared to its original level at the start of the year. Badly hit were the Mining and Oil sector which lost 15.12% and the Holding Firms sector which declined in value by 14.74%.
What are the different types of stock trading orders?
There are several types of trades that meet one’s stock trading requirements and objectives — market order, limit order, all-or-none order, day order, amd good till canceled order.
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Today, December 28, is the last trading day of the Philippine Stock Exchange (PSE). On Monday and Tuesday next week, the markets are closed for New Year celebrations, and the first trading day in 2008 is on Wednesday, January 2.
Is the market set to close higher today because portfolio managers and traders might try to “window dress” their portfolios in time for year-end 2007?
A bit likely. In a previous article, we explained that Window Dressing is a strategy employed by fund managers wherein they try to make their portfolio look as attractive as possible before presenting it to clients or stockholders.
In the days leading up to the end of the quarter or the year, fund managers would purchase recent winners while selling old holdings at a loss, in an attempt to show that they own the best-performing stocks of the period.
Abacus Consolidated Resources Holdings, Inc. (Stock Code: ABA) is offering additional shares through a 1:4 Stock Rights Offering to all stockholders as of ex-date of December 18, 2007.
Holders of ABA shares before the ex-date are entitled to the offering. Offer price is Php 0.01 per share.
Proceeds from the rights offering will be used to assist its operating partner in progressing the company’s mining interests.
More about stock rights after the jump.
Pepsi-Cola Products Philippines Inc. (PCPPI), local bottler for global softdrinks giant Pepsi-Cola, will offer up to 1.31 billion shares in an initial public offering (IPO) set in January next year.
More than 70% of the total shares will be made available to foreign investors. Proceeds from the IPO will be used to finance expansion in the country.
The shares currently have an indicative price of P6.04. The final offer price will be determined through an international book-building process and will be known by January 19.
The international book-building exercise will run from January 8 to 18, and the domestic offer period will be from January 21 to 28.
The stock will be listed on the Philippine Stock Exchange (PSE) and will start secondary trading from February 1.
Metro Pacific Corporation (Stock Code: MPI) announced that its stock warrants acquired through tender offer or purchased in the open market can now be exercised and converted to MPI common shares.
The stock warrants, issued on October 23, 2006, can be converted to MPI common stock at a price of P1.00 per share until December 14.
With MPI’s stock closing at P4.35 on December 12, if you converted those warrants, you are are technically earning P3.35 per share or 335% from the conversion price. That, however, is still gross of associated fees, taxes, and the warrant acquisition cost.
