magnus Posted July 31, 2006 Share Posted July 31, 2006 yup its true. though i don't know what stock split actually is. I have a question regarding the share price of Manulife. Several months ago when the market was on the upswing, shares were doing P3,500 per, up to a max of 4k. Suddenly, the price drastically fell to P1,700 (I even thought there was a typo error in the newspapers!). It's now P1,640, thereabouts. I inquired from Manulife H.O. in Makati and I was informed the company did a sort of "stock split" which was why share prices plummetted. How true is this? Was there any press release to this effect? I don't recall receiving any letters/announcements. Thanks! Quote Link to comment
walangiba Posted August 1, 2006 Share Posted August 1, 2006 (edited) yup its true. though i don't know what stock split actually is. Sir Magnus, thanks for your quick reply! My understanding is I am now holding double the number of shares I originally had, but with a corresponding reduction in the price per share (translating to a zero effect). San Miguel also did this many years ago, a strategy undertaken so the price does not get too high. If this is the case, then I definitely will not complain! I just hope this is official because I don't want to count my chickens before they hatch, so to speak. Thanks! Edited August 1, 2006 by liberty Quote Link to comment
magnus Posted August 1, 2006 Share Posted August 1, 2006 ah! ganon pala ang stock split. ok... hehehe short term trader kasi ako eh. i don't hold on to a stock too long and i don't care about the dividends. buy and sell lang. and you got MFC!!! mga stock ng mga mayayaman yun ah.... with SLF and TEL. almost 2K per share value nun tsk tsk tsk Sir Magnus, thanks for your quick reply! My understanding is I am now holding double the number of shares I originally had, but with a corresponding reduction in the price per share (translating to a zero effect). San Miguel also did this many years ago, a strategy undertaken so the price does not get too high. If this is the case, then I definitely will not complain! I just hope this is official because I don't want to count my chickens before they hatch, so to speak. Thanks! Quote Link to comment
walangiba Posted August 1, 2006 Share Posted August 1, 2006 ah! ganon pala ang stock split. ok... hehehe short term trader kasi ako eh. i don't hold on to a stock too long and i don't care about the dividends. buy and sell lang. and you got MFC!!! mga stock ng mga mayayaman yun ah.... with SLF and TEL. almost 2K per share value nun tsk tsk tsk Ay naku, manna from heaven lang yun! I have Manulife shares (and it's not even much) only because the company demutualized years ago. There was no actual cash out from me. Again, who am I to complain... Quote Link to comment
CodenameV Posted August 1, 2006 Share Posted August 1, 2006 Ay naku, manna from heaven lang yun! I have Manulife shares (and it's not even much) only because the company demutualized years ago. There was no actual cash out from me. Again, who am I to complain... Regarding stock splits, there is normally an set ratio for the number of new shares to be issued for each outstanding share. However, the drawback to stock splits is that the new shares take a long time to be issued. Quote Link to comment
turi_guilliano Posted August 1, 2006 Share Posted August 1, 2006 magnus, whats the site for monitoring prices in pse? and can u trade online w/o a broker? Quote Link to comment
magnus Posted August 1, 2006 Share Posted August 1, 2006 www.pse.org.ph or sa www.yehey.com in finance section ito lang alam ko as it is enough for me magnus, whats the site for monitoring prices in pse? yes. sa pse website listed din ang mga brokersand can u trade online w/o a broker? exceeded my expectations. went up as high as 8.4 now went down to 8.2tsk tsk tsk wait and try to buy it as close to 7.4 as you can, or even a little lower. it could go up to 8 or 8.1 Quote Link to comment
VentureMaker Posted August 1, 2006 Share Posted August 1, 2006 Investing in the philippine stock market is not for the faint hearted. Quote Link to comment
magnus Posted August 2, 2006 Share Posted August 2, 2006 i couldn't have said it any better Investing in the philippine stock market is not for the faint hearted. Quote Link to comment
benz666 Posted August 4, 2006 Share Posted August 4, 2006 Yes! I agree.. The PSE is still dominated by the old boys of yester years...Pero atleast we're making progress naman...We get foreigners (especially the all mighty hedge funds with exotic and mathematical strategies) to rape our market on a daily basis..atleast hindi mga insiders ang kadalasan nkaka dale sa mga retail investors. Quote Link to comment
roaddog z Posted August 16, 2006 Share Posted August 16, 2006 How about GEI? All the way to 1? Jerry doing his magic again. Quote Link to comment
gzorros Posted August 19, 2006 Share Posted August 19, 2006 Stock split generally better on the long-term.. Company would like to create liquidity on their stock. Quote Link to comment
gzorros Posted August 19, 2006 Share Posted August 19, 2006 GEI? ano balita from Angping? I would like to agree with the previous post, Philippine Stock Market is rumor driven but fundamentals would dictate the overall/long-term market trend..... Same can be observed in foreign stock markets Nyse, Nasdaq, TSE or even in forex, commodities, bond..etc.. but in a bigger scale (trade volume) compared to Philippine market. Quote Link to comment
gzorros Posted August 20, 2006 Share Posted August 20, 2006 IPO investment strategy is only effective in an uptrend or bullish market otherwise bilasa kaagad yung shares. It is also an indicative of a positive market sentiment. Historically, company would prefer to offer their share in public when they expect that their stock would appreciate and that can only happen when overall market sentiment is upbeat. Unless otherwise the company is a super performer it can somehow defy a negative market and watch its stock soar but that is very rare. Based on what I observed on local IPO, those who bought first (pre-selling) are the ones making a killing. Even before the actual trading day or (IPO) the stock price had appreciated way above its normal valuation. I would suspect that hyping is very much practiced way before the IPO date. Quote Link to comment
the messiah Posted August 21, 2006 Share Posted August 21, 2006 PAL gets backdoor listing Quote Link to comment
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