3 multi bagger stocks to trade ex-bonus next week. Do you own any?
Jonjua Overseas, Advance Lifestyles and RMC Switchgear — will trade ex-bonus next week. These three stocks have delivered multibagger returns to investors so far this year.
Jonjua Overseas had earlier announced a bonus issue in the proportion of 9:50, which means for every 50 shares investors hold, they will be credited 9 additional shares.
The Board of the company has fixed October 10 as the record date for the proposed bonus issue and the stock will go ex-bonus on the same date.
A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors.
Bonus shares are fully paid additional shares issued by a company to its existing shareholders.
When a firm issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold.
The bonus shares once allotted will rank pari‐passu in all respects and carry the same rights as the existing equity shares and will be entitled to participate in full in any dividend and other corporate actions recommended.
Jonjua Overseas operates as an IT-enabled and certified service provider.
The company offers IT solutions and business services. Its shares have more than doubled investors in the last six months, rising 105%.
Meanwhile, RMC Switchgear has announced a bonus issue to investors in the proportion of 1:2.
