BDO [BDO 133.00 0.76%] [link] amended its stock dividend disclosure to say that the company’s outstanding shares and stock price will be automatically adjusted to accommodate the stock dividend. Just like a stock split, this happens when the new shares are actually listed, and it’s just a cold, unthinking calculation. The change will just represent that the same value is now split between a larger number of shares, but since everyone who owns shares (at the right time) will receive them, there’s no proportional loss or dilution.
Kepwealth [KPPI 3.45 1.15%] [link] is having a moment, being up 47% in a couple of days. But the value of the stock traded during that increase, a total of P62,490, tells me that the market for this stock is super-thin. It’s not like P62,490 in trades should represent a marketcap increase of P222 million, but... that’s what happened.
--