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PSE Stock: PLDT - PHIL LONG DISTANCE TEL CO (TEL)

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mikoangelo

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bajoyjoy

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haha, kaya nga sana bumaba pa below 10 before magkasundo sa buy-out..

naglinis na po ng inbox.. :)


wiggy

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Question is will pldt shoot up in after acquiring GMA7? -- ala Digitel acquisition ba?

Will GMA7 stocks shoot up after being acquired by PLDT? -- this i doubt pa so far...


bajoyjoy

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here's another article on the rumored buyout:

http://business.inquirer.net/70370/biz-buzz-airplane-shopping-spree

Smelling the deal

GMA Network chair Felipe Gozon was quick to deny that no deal has been signed for the sale of GMA 7 to the group of businessman Manuel V. Pangilinan. But who reported that such an agreement had been signed in the first place? Definitely not us, as we only reported that the parties were “moving closer” to a deal at an indicative price tag of P52.5 billion for the whole of GMA 7—a number drawn not from thin air but from reliable sources familiar with the impending transaction. A deal is indeed shaping up toward this level but actual deal signing can take more time.

Also, note that MVP has started preparing the funds to close this acquisition, which will be funded by a mix of debt and equity. We gathered that two of the country’s biggest local banks have been brought on board to provide financial muscle to the prospective buyout. “Kaunti na lang” (Just a bit more), is how one source close to MVP describes the state of affairs.

The enterprise value of around P52.5 billion refers to the whole of GMA 7, out of which MVP will get a controlling block. What is still fluid is the exact percentage of sellers joining the block, particularly among the individual members among the three families controlling the network. But what’s clear is that MVP is gunning for close to 80 percent (before the mandatory tender offer) control. Based on equity value estimated from this assumed pricing level, it seems that such a forthcoming deal is already reflected in current market prices. GMA 7 stock prices have risen 53 percent since the start of the year, thanks to the excitement over MVP’s prospective buyout, but prices have firmed up of late below the 52-week high of P11. Needless to say, the market must have smelled the price tag early on.—Doris C. Dumlao

Raising cash

Anyone doubting how serious businessman Manny Pangilinan is in acquiring GMA Network Inc. should set those doubts aside.

The chair of the PLDT group on Tuesday had his ePLDT unit divest one of its most prized liquid assets—its shares in technology firm Philweb—in order to raise cash for his GMA 7 bid. The transaction, worth P4.3 billion, is seen by market watchers as a good move for both parties as ePLDT made about six times its initial investment in the listed firm controlled by former Marcos trade minister Bobby Ongpin. Remember, ePLDT came into Philweb some years ago at P2 a share and then sold at P10.70 apiece.

The Philweb shares were bought back by the cash-rich Ongpin group for a series of payments (the first of which will be settled later this week), and will likely be resold to other business partners who have been clamoring for a piece of the Philweb action for some time now.

For PLDT, they’re now a few billion pesos closer to meeting the P52-billion cash demand of GMA 7’s owners.—Daxim L. Lucas


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reasonable price na kaya yung proposed P52.5B for GMA7? what u think, mga VI masters/sir bauer?






bauer

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Question is will pldt shoot up in after acquiring GMA7? -- ala Digitel acquisition ba?

Will GMA7 stocks shoot up after being acquired by PLDT? -- this i doubt pa so far...

i dont think TEL will shoot up in case GMA7 is acquired. nag shoot up ba sila ng more than 20% after acquiring DGTL?

GMA7 stocks HAD already shoot up. anyone buying now have miss the boat.


wiggy

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i dont think TEL will shoot up in case GMA7 is acquired. nag shoot up ba sila ng more than 20% after acquiring DGTL?

GMA7 stocks HAD already shoot up. anyone buying now have miss the boat.

Mas panalo PLDT sa deal with Digitel kahit sa stocks. While DGTL stocks, parang walang nangyari.

Yup GMA7, had shoot up na. Speculations palang yan of the deal. I'm wondering paano kung matuloy yung deal?

Di ko talaga gets bakit nagka-interest sila sa GMA7. Balak ba ni MVP: SMART-Sun-PLDT-Digitel and ABC5-QTV-GMA7?

Can't blame him if he wants to concentrate his forces.


bauer

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reasonable price na kaya yung proposed P52.5B for GMA7? what u think, mga VI masters/sir bauer?

Our local banks said it all..... TOO EXPENSIVE! they cannot support the deal.

My assessment, MVP should not have buy it in the first place unless the price is below 25B.  Recovery of invested capital is already more than 5 years based on my rough estimate. Remember, we would soon shift to digital broadcasting and it will bring another round of gargantuan competition from other networks.

kaya nga gusto mag delay ng GMA7 sa digital eh they are wary about new competition.  Hala GMA7 sell na.


wiggy

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PLDT can provide the base network for GMA7 for digital broadcasting. Pakipot lang GMA7.

Future PLDT bundle: Landline, wifi, broadband connection plus digital tv subscription.


vgal0579

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PLDT withdraws claim over CURE frequency

PHILIPPINE LONG Distance Telephone Co. (PLDT) has asked regulators to formally void its claim over a frequency, as the telco prepares to turn over some of its airwaves as a consequence of acquiring Digital Telecommunications Philippines, Inc (Digitel).

The company, through its legal counsel, asked regulators to withdraw its application for a “certificate of public conveyance and necessity” (CPCN) to operate, maintain, and charge rates for the services of its unit Connectivity Unlimited Resources Enterprise, Inc. (CURE), a filing with the National Telecommunications Commission (NTC), showed.

The move comes as the company will be divesting the CURE frequency this month, PLDT President Napoleon L. Nazareno said.

“If we are going to turn over the frequency, there is no more use of the CPCN,” Mr. Nazareno told BusinessWorld.

PLDT said in its filing that the company is taking its cue from an NTC condition for allowing the merger of PLDT and Digitel.

“In a decision dated Oct. 26, 2011, issued by this honorable commission in NTC Case No. 2011-072, the PLDT was directed to divest itself of CURE in accordance with the divestment plan,” the filing read.

Under the plan, PLDT was given nine months to divest CURE’s 10 megahertz of 3G frequencies.

“As the necessary consequence, therefore, CURE is no longer in a position to pursue the present application as it cannot in the meantime establish or maintain a new service, including, the present service subject of present application…” the company said.

“In view thereof, it is constrained to move for the withdrawal of the present application,” it added.

PLDT is now migrating CURE’s subscribers under the Red Mobile brand to Smart Communications, Inc.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary Mediaquest Holdings, Inc., has a minority stake in BusinessWorld. -- Cliff Harvey C. Venzon


Ping

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Symmetrical triangle on TEL?

Potential upside is 200php, based on the width of the mouth of the triangle.



bajoyjoy

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^It seems your "prediction" is on track... TEL posted a new high last friday @ P2914... kainggit!



vicces

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Priced in na ba ito sa TEL o baba pa?


PLDT loses foreign ownership case in SC


Quote
MANILA, Philippines - The country's biggest telecommunications firm, Philippine Long Distance Telephone Co. (PLDT), lost in its appeal at the Supreme Court regarding a breach of the 40% foreign ownership limit.

Court insiders said the Court, voting 10-3 with one abstention, stood by its June 2011 ruling defining "capital" as shares of stocks with voting powers -- a decision expected to have an impact on several foreign investors already doing business or planning to invest in the Philippines.

PLDT has yet to comment on the decision, which is scheduled to be released Friday, October 12.

read more




Ping

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