split

just a quick reminder that our company in focus, Cia Hering (HGTX3 BZ) just had a 3:1 split on the 1/Nov/2010...this brings the price from the R$ 80s to mid R$ 20s range...making it more affordable to buy a standard* 100-share lot.

*in Brazil shares trade in standard lots - usually 100 shares - or in a parallel market called "fracionario" where it is possible to buy as little as 1 single share. Prices tend to be pretty much the same in very liquid stocks like Petrobras, Vale, etc...but if you are looking at not so liquid stocks there could even be some small arbitrage opportunities.

My personal view is that with the development of the Brazilian market and a global stock exchange integration, we should see the end of the "fracionario" market.

Another development would be having all shares in common form (usually designated by the number "3" after stock ticker - ie. PETR3, VALE3, HGTX3) instead of both common and preferred shares (preferred shares are usually designated by the number "4" following the ticket - ie. GGBR4, AMBV4, ITUB4, etc).

Some other designations are PNA (designated by the number "5" after the ticker), PNB ("6"), PNC ("7"), ... units - common AND preferred shares bundle ("11"), subscription rights will carry number "2". I am sure that are some other suffixes but these are the most common ones.

ON - Ordinaria
PN - Preferencial
PNA - Preferencial Classe A
PNB - Preferencial Classe B
and so on...