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About the Philippine Stock Exchange Composite Index (PSEi)

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inan

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It was 510-512 yesterday. It was down to 250-252 today.

What is happening?

I understand today is the Ex-date of the 100% Stock Div. But isn't its price suppose to half on the day it will be given?

Does this mean, there is chance that it will still be halved on dividend date?


elcart

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nabigla din ako dito.. ano ba ang nangyari sa pse? halos klahati ang binaba....lugi naman....


rds

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syempre na split na yung share nyo...yung dating 100 shares naging 200 shares (x2), tama ba? kaya yung price naging 1/2 din ng last price before the split...

...tama ba sinasabi ko, di ko rin naranasan na ma split yung stock shares eh.


Dodong_Pobre

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syempre na split na yung share nyo...yung dating 100 shares naging 200 shares (x2), tama ba? kaya yung price naging 1/2 din ng last price before the split...

...tama ba sinasabi ko, di ko rin naranasan na ma split yung stock shares eh.

If it's a stock dividend (bonus share) then definitely the price will be adjusted... Ilang percent / ratio ba ang bonus share na in-announce? Kc kung ganyan kalaki ang adjustment ng price I assume na 100% or 10-is-to-10 ung binigay na bonus share... The same effect will happen if the company declared an increase in capital... lalaki ung number of shares  mo pero adjusted ung price as computed sa closing price against the total capital amount and outstanding shares ...
« Last Edit: May 25, 2011, 07:49 PM by Dodong_Pobre »


elcart

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tama ka sir kaya pala 100% ang bigay na Div. para maka bawi din sila... hirap ng bago talaga.. at least natutu ako dito...

Post Merge: May 25, 2011, 07:58 PM
ah ok ganito ba palagi ang nangyayari pag 100% ang binibigay na Dividend? o strategy lang talaga ng isang company...
« Last Edit: May 25, 2011, 07:58 PM by elcart »


Dodong_Pobre

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Ganyan ung effect in that case kasi hindi naman sila nag declare ng increase in capital .. The number of shares doubled but the total capital is still the same...

To give you one example ....

A. The same capital
IPO price is 100 pesos
Total Number of Shares is 1,000,000
So, TOTAL CAPITAL is 100 Million (from IPO)

After 1 year the value of share become 150.00 pesos... The company declares a stock dividend of 100 %
So, total number of shares will become 2,000,000 but the total capital is still the same which is 100Million and the current price is 150.00. The current market value of the stock is then 150 million.
150 million pesos divided by 2 million shares is 75.00.. The new share value will become 75.00 from 150.00

B. Increased Capital
IPO price is 100 pesos
Total Number of Shares is 1,000,000
So, TOTAL CAPITAL is 100 Million (from IPO)

After 1 year the value of share become 150.00 pesos... The company declares a stock dividend of 100% with 50% increase in capital.
So, total number of shares will become 2,000,000 but the total capital is increased by 50% so it will become 150 Million and the current price is 150.00. The current market value of the stock is then 150 million.

200 million pesos (150M/current market value + 50M/increase in capital) divided by 2 million shares is 100.00 .. the new share value will become 100 from 150.00
NEW CAPITAL is 150 million

I hope the above explains it...

« Last Edit: May 25, 2011, 08:42 PM by Dodong_Pobre »


elcart

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ooh...ic.. salamat po sir na enlighten na po ako.. meaning kung walang declaration of increase in capital, parang wala lang din palang effect yung stock divident...dapat pala nag sell na ako kanina para kumita talaga ako...


bauer

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sana nagbasa pa kayo ng mga threads dito, back read lang kayo at nakaiwas kayo na maisahan ng PSE market.

ganyan talaga, learning experience ng mga bago..... what you see does not mean it is real.


elcart

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sir bauer, salamat po next tym nalang ulet...galingan nalang namin....


inan

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thanks for the inputs, but going back to my main question:

Will there be another decrease on the price on the day the stocks dividend will be given?

i fully understand the dynamics behind the halving of the price since there's a 100% div, what i don't understand is the halving happening on the ex-date... :(


bauer

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yes since x-date is the cut off date when dividends are distributed


inan

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and by decrease, do you mean another halving of prices to adjust to the doubling of the number of stocks,

or

decrease, as in usual decrease of stock prices driven by stock holders selling their stocks


ervntps

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^^ there's no more halving of prices come date of payment (payable date), price adjustment of dividends happen on ex-div dates


lytman02

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A Look At The PSEi

It was a wild Friday for the Philippine Stock Exchange Composite Index (PCOMP) or the PSEi when market-on-close sell orders of heavyweights like PLDT (TEL) sent the index back in the red after trading in the positive zone for practically the entire session...

http://www.laidtrades.com/2011/06/20/a-look-at-the-psei/


lytman02

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Bearish Divergence Seen On PCOMP

For the week starting July 11, 2011, it seems that the Philippine Stock Exchange Composite Index (PCOMP) or the PSEi, could trade sideways with a little downside bias before it inches higher again.

http://www.laidtrades.com/2011/07/11/bearish-divergence-seen-on-pcomp/


 


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