GMA Network (and not our former president) is for sale for…wait for it…P100 billion pesos!!!
Even the supposed $10 million dollars of the Chief Justice cannot buy GMA.
MVP may just buy the Sacramento Kings who might be a cheaper investment!
Pesos and Sense Seminar Series. Make your Money Grow! Learn which investments are right for you.
Seminar Date: Saturday, May 26, 2012, 2-5pm
Seminar Venue: 2403B, East Tower (Tektite), Philippine Stock Exchange, Exchange Road, Ortigas, Pasig City
Seminar Cost: [...]
I have shares in CEB (Cebu Pacific) and now I am thinking whether to SELL my shares or just HOLD.
Reason for Selling:
1. With SMC buying PAL/Airphil Express, in a few years Airphil may overtake Cebu Pacific specially now that Iñigo Zobel has been elected president of Airphil Express. Read If you have the money, would you buy PAL?
2. Although Cebu Pacific is still a solid company, there are many stories about bad customer service, delayed/cancelled flights and negative experiences that cannot be ignored, most specially what happened to the case of Raymart Santiago/Claudine Barretto (unrelated to the airport brawl with Mon Tulfo) where the passengers where not informed before leaving that their luggage was shipped to another flight, for me it was non-acceptable, if they have informed the passengers before the flight, they might have understood then. [...]
Nice article here about SMC acquiring PAL, Read it here SMC chief details plan to revive PAL fortunes.
Here you can see how tycoons like Ramon Ang can see big potential in companies that has so many problems and also you can see in his statements his confidence in turning around PAL. Ang had a vision about PAL and I have no doubt that he can make this vision come true. I was really inspired when I read this article, I really do not know which part but I want to be like Ramon Ang, a visionary and innovative thinker.
This is great news for San Miguel Corporation (SMC) and Philippine Air Lines (PAL)/Airphil Express (Airphil), with Ramon Ang at the helm I am sure that he can make PAL soar again.
If you have the money, would you buy PAL?
There will be No Stock Market Trading in the Philippines on Tuesday, May 1, 2012 in observance of Labor Day. (Proclamation No. 295)
I have not tried buying IPO stocks, it is very risky even if the company is very good. Recently GT Capital Holdings Corp or GTCAP went public and IPO price was set at P455 per share. But as of today April 25, 12nn, current price of GTCAP is P510 per share. Earnings of P55 per share is a lot in just a few days of trading. Read more about GT Capital and East West Bank IPO
Sample Earnings
If you bought 1000 shares of GTCAP on April 20 at P455/share = P455,000
And sold today, April 25 at P510 per share, you earned P55000 (minus commission and taxes) in just a few days.
Jaime Augusto Zobel de Ayala (Ayala Corp) and Manuel V. Pangilinan (Metro Pacific Investments Corp) announced their partnership to pursue PPP Projects. Read our post about PPP: 4 Stocks that will gain from PPP Projects
I think this is a win-win-win situation for Ayala Corp, MPI and the Government and of course, the main beneficiary the Filipino people. I believe that the Target Price for these 2 companies will be a little bit higher because of this partnership.
Stock Code: AC
Target Price: P452
Current Price: P427
Stock Code: MPI
Target Price: P4.67
Current Price: P4.51
Congratulations to AC and MPI Stockholders!
Note: Target Price and Current Price (As of 4/25-12nn) from CitisecOnline
I have been recommending citiseconline.com since I started using it as my online stockbroker more than a year ago but today citiseconline.com is down, when you try to login it will say your “Account is suspended”. They launched their new site colfinancial.com which is still in beta but the site also has many problems.
A few minutes of downtime is acceptable but a couple of hours of not being able to trade in the Philippine Stock Market because the site is down is unacceptable. I hope Citiseconline Inc or now COL Financial Group will fix this problem asap. There are thousands of big and small time investors who rely on their service and not being able to buy or sell stocks means loss of opportunity.
On April 20, 2012, two companies are going public: East West Banking Corp. and GT Capital Holdings, Inc.. GT Capital IPO will be at P455 per share and East West Bank IPO will be at P18.50 per share around P23.50 per share (Pricing will be finalized by April 18). One of the first things I look at a company is the history of their owners/founders.
About GT Capital Holdings
Owner: George S.K. Ty
Investments:
-Metropolitan Bank & Trust Co
-Federal Land
-Global Business Power
-Toyota Motor Philippine
-Phil AXA Life Insurance Corp.
Read more about George Ty at http://www.people.nfo.ph/business/businessman/george-ty/
About East West Banking Corp
Parent Company: Filinvest Development Corp
Chairman: Andrew Gotianun Sr.
Read more about Andrew Gotianun Sr. at http://www.eastwestbanker.com/info/ew_chairman.asp
Are you going to invest in these IPOs?
Definition: IPO or Initial Public Offering [...]
There will be No Stock Market Trading in the Philippines on Thursday April 5 (Holy Wednesday), Friday April 6 (Good Friday) and Monday April 9, 2012 (Araw ng Kagitingan).
Have a blessed Holy Week!