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PSE Stock: SEMIRARA MINING CORP. (SCC)

bauer · 71 · 30706

bauer

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on: Jan 19, 2010, 01:26 PM
recently the board of SCC announce a stock rights offer of 3:1 common stocks.  Is this a good buy?
« Last Edit: Aug 03, 2010, 10:35 AM by FutureGizmo »


verumuno

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Reply #1 on: Feb 25, 2010, 02:26 PM
i dont know, but i have an scc stocks, i think i should buy the rights since the stock might drop in price, i wonder how could i avail it.


bauer

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Reply #2 on: Feb 25, 2010, 08:25 PM
i bought SCC and i am waiting for the final disclosure regarding stock rights 3:1 ratio


master

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Reply #3 on: Feb 26, 2010, 10:49 AM

i dont know, but i have an scc stocks, i think i should buy the rights since the stock might drop in price, i wonder how could i avail it.


Its up to you if you want to buy or not, the price might drop but it will return to normal level after a while, the only thing that will shrink if you dont buy is the %percentage you own from the company, the reason for this is because semirara will expand to not just mining but also a power producer after they bought the calaca power plant, thus a possibility of increasing the value of stocks you own aside from the power shortage we are having. And remember that during semirara's peak, majority of its market is the calaca i think 90% while 10%export, but now calaca is getting their coal in other sources, semirara's market weakens and was forced to export more, so if they now own calaca, semirara will increase in income similar to its peak during last 4 years ago aside from that income from the power produced will add in value.

mostly price will go down in price if the stock rights offered is to pay debts instead to expand. just make sure that the offered discounted price of the stock right offering is cheaper from the price you bought the common stocks.


bauer

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Reply #4 on: Feb 26, 2010, 01:19 PM
master,

your views are the same as my gut feel about this stock.  my only concern is the consunjis, sometimes their management style fails


master

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Reply #5 on: Feb 28, 2010, 04:22 PM
i am not worried since they are not going into something they are not familiar with, semirara's  market is calaca power ever since and im quite satisfied they handled the export market. Their subsidiary corp (dmci power corp) already has experience with coal power plant in panay.


bauer

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Reply #6 on: Mar 01, 2010, 05:13 PM
medyo may good news, the newly commissioned power plant in the visayas will buy 50% of coal needs from semirara.  additional market for them


bettingstation

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Reply #7 on: Mar 03, 2010, 01:31 AM
wow... nice info...



bauer

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Reply #8 on: Mar 03, 2010, 04:35 PM
bakit kaya wala pa sa disclosure ng PSE yung board announcement re stock rights?  better pa ba newspaper kesa sa regulator?

transparency in investor relations is really lacking in this country no wonder our stock market is miniscule.


bauer

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Reply #9 on: Mar 13, 2010, 05:27 PM
sold scc at 60 after i learned a consunji sold at 57


verumuno

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Reply #10 on: Apr 05, 2010, 07:20 PM
scc profits went up, its in the newspaper, now its being sold in 65.
i guess i wont buy the stock rights since it will be expensive.


bauer

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Reply #11 on: Apr 06, 2010, 12:31 PM
siguro kaya tumataas dahil sa stock rights?  i think it works both ways.  bottomline = goal is bigger returns for shareholders (paper returns or actual returns)


brownie

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Reply #12 on: Apr 07, 2010, 07:44 AM
Man this stock is really zooming up there, 12.5M net foreign buying as of yesterday. Both foreign buying  and selling at P67.


bauer

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Reply #13 on: Apr 08, 2010, 05:57 PM
sayang nga eh, nag all out na ko sa 60.  anyway, good return na at 15% in 3 months


brownie

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Reply #14 on: Apr 09, 2010, 08:44 AM
Ayos  :cool2:


 


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