Did you know that in 2017, the San Miguel Corp. (SMC) stock paid total dividends of PHP 1.40 per share? This translates to a Dividend Yield of 1.25% … Read More
Is this another case of “What Manny Pangilinan wants, Ramon Ang will also try to get”?
This question emerges as reports regarding purported interest by Ramon Ang, president of conglomerate San Miguel Corporation (SMC), to acquire a 30% equity stake in GMA Network Inc. (GMA7) surfaced last week.
The tragic collapse of Top Frontier Investment Holdings Inc. (TFHI) during its initial listing last week highlighted one important stock trading lesson that most investors are still not aware of. That is, a stock’s Initial Public Offering (IPO) or introductory listing does not automatically translate to instant gains.
Most newbie stock investors have this notion that IPOs — or in the case of TFHI, initial listing on the Philippine Stock Exchange (PSE) by way of introduction — always result to profits.
With TFHI’s stock price dropping 44% on its first trading day and 58% total drop in just week — we now see that IPOs and initial listings may not necessarily be good investments.
Top Frontier Investment Holdings Inc. (TFHI), the single largest shareholder of conglomerate San Miguel Corporation (SMC) has secured approval from the Philippine Stock Exchange (PSE) to list its shares on the PSE next year.
Top Frontier Investment Holdings owns a major stake in SMC but, interestingly, the conglomerate SMC is also the biggest shareholder of Top Frontier.
At least twenty-seven (27) publicly-listed firms, including San Miguel Brewery (SMB), Eton Properties Inc. (Eton), and First Metro Investment Corporation (FMIC), are facing possible trading suspension by next year, if they are unable to comply with the minimum public ownership requirement set by the Philippine Stock Exchange (PSE).
A few days ago, I drove by a Petron outlet to gas up and noticed a poster advertising San Miguel Corporation (SMC)‘s public offering of its “Series 2” Preferred Shares. There’s nothing illegal about the advertisement. SMC is a primary stockholder of Petron Corp. and they can advertise anything in any of their Petron branches.
Did the Roman Catholic Archbishop of Manila unload more than 1 million shares of Philex Mining Corporation (PX) in April and May 2011 and sold them directly to Chairman and CEO Manny V. Pangilinan (MVP)?
Documents from the Philippine Stock Exchange (PSE) seem to show that they did. A cursory look at the latest list of the Top 100 stockholders of Philex confirms that the Catholic Archbishop of Manila is not anymore a major stockholder of the company and that MVP has replaced the Church’s spot as the top 15th shareholder.
Eduardo “Danding” Cojuangco is the rightful owner of the contested 20% shares of San Miguel Corporation (SMC), the Philippine Supreme Court ruled with finality today.
The Supreme Court (SC) struck down the appeal of the government, represented by the Philippine Commission on Good Governance (PCGG), saying the petitioner failed to substantiate its claim that the SMC shares were part of Cojuangco’s ill-gotten wealth allegedly acquired during the reign of ex-President Ferdinand Marcos.
