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PMT Forum's MOST POPULAR Discussion Boards => Stocks and Stock Trading => Topic started by: vanillaicecream88 on Jun 17, 2014, 08:11 PM

Title: Preferred Stocks?
Post by: vanillaicecream88 on Jun 17, 2014, 08:11 PM
Hello. San ba makikita sa website ng PSE ang mga available na preferred stocks? http://www.pse.com.ph/stockMarket/marketInfo-marketActivity.html?tab=1

And ano bang advantages and disadvantages ng pagbili ng preferred stocks? Thanks.
Title: Re: Preferred Stocks?
Post by: FutureGizmo on Jun 17, 2014, 10:37 PM
Hi vanillaicecream88, we previously discussed Preferred Stocks, their pros and cons, and a listing of preferred stocks traded in the PSE in this blog post: Investing in Preferred Stocks in the Philippines (http://www.pinoymoneytalk.com/philippine-stock-exchange-preferred-shares/)

Hope this helps!
Title: Re: Preferred Stocks?
Post by: miakim287 on Jun 23, 2014, 04:56 PM
anu po ba ung preffered stocks? bkt tinawag na preffered stocks?  :thankyou:
Title: Re: Preferred Stocks?
Post by: neo on Jun 23, 2014, 08:04 PM
^Basically po, kaya tinawag na "preferred" ay dahil sila ang uunahin na bayaran kaysa sa "common" stocks pagdating sa dividends at liquidation ng company. Pag nabayaran na po yung preferred, paghahati-hatian na po ng mga common shareholders yung matitira.
Title: Re: Preferred Stocks?
Post by: miakim287 on Jun 23, 2014, 10:36 PM
eh bkt sila naman po ung unang uunahin at  sino po ung mga common shareholder?
Title: Re: Preferred Stocks?
Post by: neo on Jun 24, 2014, 02:27 AM
Bakit sila ang una? Dahil yun ang feature ng preferred stock. Kadalasan mas mataas ang par/stated value (presyo) ng preferred stock at wala silang voting power.

Ang common stockholders naman po ay yung "true owners" ng company. May voting power po sila.
Title: Re: Preferred Stocks?
Post by: bauer on Jun 24, 2014, 09:50 AM
Bakit sila ang una? Dahil yun ang feature ng preferred stock. Kadalasan mas mataas ang par/stated value (presyo) ng preferred stock at wala silang voting power.

Ang common stockholders naman po ay yung "true owners" ng company. May voting power po sila.

I think anyone who bought a share in a company, preferred or common, is one of the "true owner".  The main difference between the two (common and preferred) is that the latter has superior claims in the company's finances.
Title: Re: Preferred Stocks?
Post by: neo on Jun 24, 2014, 12:16 PM
I think anyone who bought a share in a company, preferred or common, is one of the "true owner".

Hindi po sir. Kaya po hindi kino-consider na "true owner" ang preferred stocksholders ay dahil wala po silang capacity to vote. Kasi po di ba, ang true owner po dapat may "say" sa mga decision during the stockholders' meetings.
Title: Re: Preferred Stocks?
Post by: Dutch_Boy on Jun 24, 2014, 06:02 PM
not necessarily.

http://business.inquirer.net/171998/security-bank-gets-bsp-nod-to-issue-shares (http://business.inquirer.net/171998/security-bank-gets-bsp-nod-to-issue-shares)

please refer to the features of the voting preferred shares of Security Bank.
Title: Re: Preferred Stocks?
Post by: neo on Jun 24, 2014, 08:05 PM
I stand corrected po.  :-[

Ang term nga po palang ginamit ng law ay "may be restricted".

Pero ganun pa man po, ganun din po ang sum total nun, kasi po di ba kung real owner ka, kailangan pa po bang sabihin or ibigay sayo yung privilege na bumoto? Compare sa common stockholders po, provided na po ng law na may voting power po talaga sila.
Title: Re: Preferred Stocks?
Post by: bauer on Jun 24, 2014, 10:34 PM
@neo,

In a publicly listed company, if you are a minority shareholder, being able to vote is the least of your concerns.  If it is too important for you so you can feel real ownership, I advise you not to invest in stocks for you will just be disappointed in the long run.
Title: Re: Preferred Stocks?
Post by: yllor on Jun 25, 2014, 12:32 AM
Hi vanillaicecream88, we previously discussed Preferred Stocks, their pros and cons, and a listing of preferred stocks traded in the PSE in this blog post: Investing in Preferred Stocks in the Philippines (http://www.pinoymoneytalk.com/philippine-stock-exchange-preferred-shares/)

Hope this helps!

seems the table of preferred shares stock code (ticker) in the link have error, i.e. SMC2 series. SMCP1 was already redeemed by SMC.

hope the table will be updated to include other preferred shares recently issued, traded or not traded in PSE.
Title: Re: Preferred Stocks?
Post by: Wills on Jun 25, 2014, 01:35 AM
Preferred stock holders are not part of the company's growth.

But they are the first priority when the company goes bankrupt.

So yes common stock holders are "true owners" and preferred stock holders are company's partner in financing. <----- tama ba? Parang mali.... Pakicorrect na laang!
Title: Re: Preferred Stocks?
Post by: oca1101uk on Jun 25, 2014, 04:23 AM
Mga Ka PMTers...Please share the website of all indexes that showed trading 52 weeks highs and lows. Thank you mga Ka PMTers...
Title: Re: Preferred Stocks?
Post by: bauer on Jun 25, 2014, 10:54 AM

So yes common stock holders are "true owners" and preferred stock holders are company's partner in financing. <----- tama ba? Parang mali.... Pakicorrect na laang!

Partially true, but preferred shares can also be use by the majority shareholder to gain "MORE MONEY" than the common shareholders.  Preferred shares can also be use by the majority owner as an effective control on management EVEN if the original owners does not have majority numbers of common shares.

Preferred shares are sometimes design for PROTECTION and PROFIT distribution advantage at the instance of original owners.
Title: Re: Preferred Stocks?
Post by: vanillaicecream88 on Jun 25, 2014, 11:47 AM
Hi vanillaicecream88, we previously discussed Preferred Stocks, their pros and cons, and a listing of preferred stocks traded in the PSE in this blog post: Investing in Preferred Stocks in the Philippines (http://www.pinoymoneytalk.com/philippine-stock-exchange-preferred-shares/)

Hope this helps!

Thanks @FutureGizmo

Always ba updated ung list? :)
Title: Re: Preferred Stocks?
Post by: wilch23 on Jun 25, 2014, 02:20 PM
I believe that, in general, preferred shares are kind of a hybrid loan type of liability, as far as the issuing corp is concerned. This is to differentiate from a common share being an equity type of liability.

A preferred share usually has a date for the corp to redeem the preferred shares, wherein the option can reside with the issuer or the holder of shares. The corp is then obligated to return the original investment of the holder.

And yes, there are voting preferred shares as well as non-voting common shares. These shares all depend on the approval of SEC.

Title: Re: Preferred Stocks?
Post by: Wills on Jun 26, 2014, 11:52 AM
Partially true, but preferred shares can also be use by the majority shareholder to gain "MORE MONEY" than the common shareholders.  Preferred shares can also be use by the majority owner as an effective control on management EVEN if the original owners does not have majority numbers of common shares.

Preferred shares are sometimes design for PROTECTION and PROFIT distribution advantage at the instance of original owners.

Ahh ok thanks Bauer :cool2:
Title: Re: Preferred Stocks?
Post by: Rothschild on Jun 29, 2014, 04:08 PM
read a company's prospectus first before buying para alam mo yung terms