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Puregold (PGOLD) might not be literally gold, but like gold is a safe haven

Probably when Lucio Co started business he wanted his business to have the attributes of gold, always valuable all the time.  Thus to him there could be no other befitting name to that business but Puregold.

PGOLD is debt-free, fortress balance sheet

As of the end of the first half of 2020 (1H20), Puregold Price Club, Inc. has zero borrowings/debt in its balance sheet.  It is debt-free…

A backstory to the CHP loan-covenant accommodation by BDO, seen from Cemex amassing more CHP shares and Henry “Big Boy” Sy Jr. liquidating a few SM shares

In the month of September 2020 Cemex Asian South East Corporation (Cemex) continued to accumulate Cemex Holdings Philippines, Inc. (CHP) shares from the public through open market purchases in the Philippine Stock Exchange.  Cemex was very disciplined in its purchases, making sure that it doesn’t buy CHP shares higher than the SRO priceof 1.54.  CHP shares were bought by Cemex at a price…

Consunji cash cow Semirara Mining and Power Corporation (SCC) rose 4.47% in a single day

Semirara Mining and Power Corporation (SCC), the coal mining and coal power plant operator, has been Consunji’s primary cash cow.  SCC has been the primary cash flow generator of the Consunji group.  It is a 56.63% subsidiary of DM Consunji Holdings, Inc., the Consunji’s publicly listed holding company. A Consunji private holding company, DACON CORPORATION, also owns a significant interest of…

DM Consunji Holdings (DMC) rose 3.6% in a single day, DFC Holdings continuously buys DMC

Consunji private holding firm, DFC Holdings, Inc.  continuously buy DM Consunji Holdings, Inc. (DMC) shares as DMC shares continue to dwell in the cellar.  The Consunji have been taking advantage of the weakness in the share price of DMC by accumulating the shares.

For the month of September 2020 DFC Holdings, Inc. bought 6,627,000 DMC shares for a total of 26.4 Million Pesos.  All…

Chelsea Logistics (C) 25% owner of 3rd telco also faces current debt funding problems

Chelsea Logistics and Infrastructure Holdings Corp. (C) as with other conglomerates is also facing current debt funding problems.

Chelsea (C) is a 70% owned subsidiary of Udenna Corporation.  It is primarily engaged in shipping.  It owns several well-known customer facing subsidiaries such as Trans-Asia Shipping, Starlite Ferries, Chelsea Shipping, and the Supercat Fast Ferry Corporation.…

Someone just drop 15 Million SM shares valued at 12.9 Billion, it could be Big Boy again

On October 8, 2020 trading, 15 Million SM Investments (SM) shares were crossed through BDO Securities at the stock exchange at 860.5 valuing the transaction at 12.9 Billion Pesos.  The transaction saw SM swinging from a low of 850 to a high of 888 on that trading day.

The transaction could be attributed to Henry “Big Boy” Sy. Jr. It can be recalled that on September 18, 2020, Big Boy…

Significant holders of COL Financial (COL) begins to unload as COL trades at all time high levels

In September 28, 2020, COL Financial (COL) hit an all-time high of 27 a share.  COL has been soaring since it hit a low of 14.90 a share at the height of the COVID-19 pandemic lockdowns.

At the height of the lockdowns, Bloomberg made a report that there has been a surge in retail brokerage account activation in the country and  COL Financial has been one of the beneficiaries of that surge.

Chelsea Logistics (C) emits a warning sign to TEL & GLO holders, offers a glimpse of 3rd-telco’s rapid expansion

Chelsea Logistics and Infrastructure Holdings Corp. (C) claims Dito Telecommunity Corporation (Dito), the third-telco, as an associate with a 25% ownership share. Chelsea Logistics is 70% owned by Udenna Corporation.

On May 10, 2019, the Company subscribed to 40,833,333 common shares and 22,916,666 preferred voting shares or equivalent to 25% interest of Dito’s authorized capital stock for…

DITO a shell company holding receivables from Udenna Corp., no reason to be more valuable than the face value of its receivables from Udenna

Prior to the entry of Dennison Holdings Corporation in August 2018, DITO CME HOLDINGS CORP. (DITO) was a shell company holding cash of around 1.1 Billion Pesos and some available-for-sale securities/financial assets valued at around 360 Million Pesos.

In August 2018, Dennison Holdings Corporation infused capital to DITO in the amount of 1.3 Billion Pesos by subscribing to newly issued…

First Philippine Holdings (FPH) may increase cash dividend to spruce up value to fend off a potentially hostile SSS holding a 5.48% stake

First Philippine Holdings Corporation (FPH) is the holding company controlling First Gen Corporation  (FGEN).  FPH controls 67.74% of FGEN.  FGEN is one of the Philippines’ largest power generation companies.  It owns a portfolio of solar, wind, hydro, geothermal and natural gas power generation assets.

Aside from its controlling stake in FGEN, FPH also controls Rockwell Land Corporation…

Federico “Piki” Lopez takes control of the diminished Lopez Group, what now?

The resignation of Eugenio Lopez III (EL3) from the Lopez Holdings Corporation (LPZ), the Lopezes flagship company,  allowed the younger Lopezes to take the helm of the much diminished Lopez Group.

The Lopezes were once a force to reckon with in Philippine business but a series of missteps have slowly shrank the group to irrelevance.  Presently, LPZ has a market capitalization of only 10.3…

SM Prime Holdings should present fund raising initiatives as it faces 43.8 Billion current debts

SM Prime Holdings, Inc. (SMPH) generates cash from operations of 9.4 Billion Pesos during the first half of 2020 down 67% compared to the cash flow generated from operations of the same period a year ago.  In the first half of 2019 it generated cash from operations of 28.8 Billion Pesos.

Despite the slowdown in the cash flows from operations, SMPH spent 24.3 Billion Pesos for property…

Retail, domestic funds, and foreign investors grab Metro Pacific Investment (MPI) shares after 5 Billion-Peso share buy-back announcement

Fresh with cash from its shareholdings sell-down in Metro Pacific Hospital Holdings, Inc. to KKR and GIC, Metro Pacific Investments Corporation (MPI) announced on October 1, 2020 a 5 Billion-Peso share buyback program.  It seems that for now MPI can’t find an attractive target other than its own shares.

Just last December 2019, MPI completed the deal with KKR and GIC(one of the sovereign…

Retail, domestic funds, and foreign investors grab Metro Pacific Investment (MPI) shares after 5 Billion-Peso share buy-back announcement

Fresh with cash from its shareholdings sell-down in Metro Pacific Hospital Holdings, Inc. to KKR and GIC, Metro Pacific Investments Corporation (MPI) announced on October 1, 2020 a 5 Billion-Peso share buyback program.  It seems that for now MPI can’t find an attractive target other than its own shares.

Just last December 2019, MPI completed the deal with KKR and GIC(one of the sovereign…

First Pacific successfully redeemed US$251.9 Million bonds secured by a 12% interest in PLDT (TEL)

First Pacific Company Ltd. of Hong Kong owns 25.6% of PLDT (TEL) which in turn owns 100% of Smart Communications, Inc. First Pacific Company Ltd. has the famous Filipino executive, Manuel V. Pangilinan (MVP), as Managing Director and Chief Executive Officer.

In September 2010, FPT Finance Limited issued a US$400,000,000 6.375% bonds due 2020 irrevocably and unconditionally guaranteed by…

Then again, Big Boy transferred another 25,342,447 SM shares valued at around 22.3 Billion to his brokerage account

On September 18, 2020, Henry “Big Boy” Sy Jr. transferred another 25,342,447 SM Investments Corporation (SM) shares from direct holdings to his brokerage account.  That block of shares will be valued at around 22.3 Billion Pesos.

Previously, he transferred a block of 35,367,989 SM shares from direct holdings to his brokerage account. Of that block, 30,000,000 SM shares were sold or…

Cebu Pacific (CEB) incurred 7.7 Billion operating expenses in a quarter where it did nothing much else, severe losses may continue

The second quarter of 2020 (2Q20) saw the country stand still.  As the government imposed the severest of the measures  to contain the COVID-19 Pandemic, the country’s economic activity almost ground to a halt.  In that quarter, Cebu Pacific (CEB) virtually stopped its flight operations.

Despite the fact that CEB stopped its operations, operating expenses still piled up.  In the 2Q20 where…