Trade Notes

What happened today?

• PSEi closed at 6,461.38 pts (-16.56; -0.26%, 6.2B) 
• AC - 
• BDO - 
• PX - 
• LCB - bought some more

• Gold $1,318.88
• B2 Gold @ 2.60
• Observations: 
• MG is top gainer and MVC is top loser 
• Notes: 
• 
  
• Watchlist:
• BDO and PNB (info provided by COLFinancial)
• Im looking on buying LTG tomorrow
• News: 
• IMF says brisk Philippines economic growth to continue
• US stocks sink despite Apple’s jump on iPhone sales
• Vitarich selling non-core assets to settle debt
• Manila Water files dispute with MWSS before int'l body
• COOL AND HIP NO MORE | BlackBerry failed to keep pace with rivals (goodbye BB...)
• Apple sells 9 million new iPhones in three days
• BPI, Metrobank, PSBank to raise ATM fees by as much as 50-pct (ouch!)
• Others: 
• Boracay among Top 20 destinations for Chinese tourists
  
  

Today, I asked Mr. Banker on his thoughts on the upcoming Philex SRO.

Excerpts:

"*As the summary of findings is just too long to reproduce again, one can read my posts on it starting on page 45 of the BDO thread. But very briefly, the common occurrence noted on the MBT/BDO SRO are as follows:
Phase 1: Announcement of SRO: Prices dropped significantly over a number of days. This is because of the usual discount that is announced. This has already happened in the case of PX.
Phase 2: Intervening Period : Price recovers from the initial big drop over some time. Let us see if PX follows this phase too. 
Phase 3:Period of Price Decline. This is when the price starts to adjust to the SRO price
Phase 4:Price at ex-date. One can make a good estimate based on fundamentals of the stock." 
-Mr. Banker of Surfer's Bags and Mr. Banker's Notes @ FinanceManila

You may find his complete reply here and additional SRO info (w/ regards to BDO) here.

My friend and I were supposed to attend PSE's ETF talk this afternoon, however due to the strict dress code we retreated, haha, I'll just wait if ever COLFin will have their own sort of seminar.


Lessons Learned:

1. Stock Options, Restricted Stock, Phantom Stock, Stock Appreciation Rights (SARs), and Employee Stock Purchase Plans (ESPPs) (in relation to B2 Gold Stock Options)

Cheers!

Links:
Inquirer Business 
Business Mirror
Interaksyon
GMA News Online
ABS-CBN News Online