Average investors typically depend on their own hunches and gut feel, making trades based on what they heard from the grapevine or what they read in Facebook stock investing groups.
In contrast, smart investors read and update themselves by relying on credible sources, conduct their own evaluation of market events and their impact on companies, and ultimately make stock trades based on informed decisions.
Is Double Dragon Properties (DD) the new darling of Philippine stock market investors?
This seems to be the case as the stock celebrated its first month of trading with an unprecedented bullish run.
The stock of the company behind Century Tuna, Swift and Argentina Corned Beef debuted strongly in the Philippine Stock Exchange (PSE), closing at P15.20, an increase of 10.6% from its initial offer price.
Century Pacific Food Inc. (CNPF) opened at P15.50 and reached a high of P16.04 during its first trading day earlier today, with more than 61 million shares traded. It reached a low of P15.00 during today’s trading.
Low-cost mass housing developer 8990 Holdings Inc. (PSE stock code: HOUSE) will raise as much as P9 billion by conducting a follow-on share offering this May 2014, with each share priced at P6.50 apiece.
HOUSE, the developer of “DECA Homes” and “Urban DECA Homes” projects will issue 1.245 billion shares, of which 862.19 million are new common shares to be issued and offered by the company while 382.36 million shares are existing shares of selling shareholders. There is an over-allotment option up to 134.95 million shares.
The retail offering will run from May 2 until May 8. New shares will be listed and will start trading in the PSE on May 14.
Should you take part in the initial public offering (IPO) of Century Pacific Food Inc. (CNPF)?
The second IPO of the year (after Double Dragon Properties IPO) is that of CNPF, the company behind popular canned meat brands such as Century Tuna, Argentina Corned Beef, 555 sardines, and Swift, among others, plus other consumer brands such as Birch Tree milk, Angel condensada, and Kaffe de Oro.
We have highlighted several times before the value of Dividends, which are distribution of income by the company to its shareholders. Dividends may be in the form of stocks or cold, hard cash, but regardless of the method, dividend payments are always good news to investors who receive these instant and outright profits.
The company making popular canned meat brands Century Tuna and Argentina Corned Beef is scheduled to be the second company this year to conduct an Initial Public Offering.
Century Pacific Food Inc. (CNPF) is offering up to 229.65 million shares to the public, priced at no more than P14.50 (final price will be announced later today). At this offer price, the company is expected to raise around P3.3 billion.
Century Pacific Food Inc., manufacturer of branded canned tuna Century Tuna, could be the next Initial Public Offering (IPO) of the year after it recently got approval from the Securities and Exchange Commission to issue shares to the public.
Century Pacific plans to raise as much as P3.33 billion from the said offering by selling up to 229.65 million shares.
