Imagine you are finalizing your valuation model for a mid-cap manufacturing firm when the board announces a corporate action. You must immediately decide whether to adjust your EPS projections for a bonus issue or a...
Imagine you are drafting a buy-side report for a mid-cap manufacturing firm that has recently outperformed its peers. You notice a headline announcing a generous bonus issue, which the retail market views as a bullish...
During a routine quarterly review, I once sat with an institutional client who was confused by a company’s decision to issue a 1:1 bonus share instead of increasing its cash dividend. The client viewed the bonus as a...