Friday, August 16, 2013

Stock Divi MBT

This afternoon I learned about the release date of MBT's stock dividend, here: MBT 30% Stock Dividend Disclosure.

A few days ago, I received a similar dividend, from AC, but this one is different. It is a stock dividend. Since I am new to trading and first time to experience this, I looked for these terms in Investopedia, here: Dissecting Declarations, Ex-Dates and Record Dates

I am not satisfied with what I read. I want some opinion from experienced traders to determine what might be the dividends effect on MBT's price action for the following days/weeks. I went to Finance Manila and asked Mr. Banker.

Surfer's Bags and Mr. Banker's Notes is one of the two threads I am following on Finance Manila Forum. And as the title implies, you won't ask for someone else rather than Mr. Banker who is very knowledgeable of the banking sector and of course trading. I sent him a private message and wait for his response.

At the end of today's trading session, MBT had a slight gain of 0.09%. It was the #1 in volume traded and this might be due to traders who finally got a piece of MBT (+ the expected 30% stock divi).

What I think is before the ex-date of the dividend, price will soar (increase in demand) and I might be tempted to sell my share even before I get the dividend. Anyway, I'll wait for Mr. Banker who will enlighten me further.


You're in good hands. Believe.
photo courtesy of federalland.com.ph


Cheers!

Links:
Finance Manila (Surfer's Bags and Mr. Banker's Notes)
Investopedia

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