Key facts
- Trent shares fell nearly 34% after turning ex-bonus.
- The decline was a price adjustment for a 1:2 bonus issue.
- On an adjusted basis, the stock was down about 2%.
Trent shares, the parent company of Zudio and Westside, experienced a significant apparent drop of nearly 34% after turning ex-bonus for its maiden 1:2 bonus issue. This sharp decline was a mechanical price adjustment to account for the increased number of shares and did not represent a loss in shareholder value. On an adjusted basis, the stock was actually down only about 2% in early trade.