Are you losing money during this economic downturn?
July 1, 2008
Gas prices are up, commodity prices are up, and stock markets are down. Millions of people around the world are losing money because of the global economic downturn. Are you one of them?
Stocks Basics 5: How do I start trading stocks?
April 15, 2008
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.
On the last trading day of the year, will the PSE be up or down?
December 28, 2007
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.
ABA offers stock rights to shareholders
December 20, 2007
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.
Exercise your Metro Pacific warrants and earn 335%
December 12, 2007
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.
