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PSE Stock: IP E-GAME VENTURES INC (EG)

bauer · 180 · 49527

bauer

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Para siyang na in love and everyday it just keeps on falling and falling :hihi:


hehehehe.  conviction buy kasi ako..... parang BPI Odyssey High Conviction fund kumbaga......


rds

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sell na ba...sell...sell!!!

i've seen this stock also everyday for 4 days na yata loosing at least 10%. but i never cut-loss. i don't know how and it's not on my vocabulary. that's life, you win some and you lose some for sometime. if this stock is a sure loser, i'll charge it to experience.


singkit_1588

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sell na ba...sell...sell!!!

i've seen this stock also everyday for 4 days na yata loosing at least 10%. but i never cut-loss. i don't know how and it's not on my vocabulary. that's life, you win some and you lose some for sometime. if this stock is a sure loser, i'll charge it to experience.
there's something why it keeps on losing?
caveat..


centrinooo

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Diablo III game will be released on May 15. IP E-Game ang may rights na mag distribute nito sa pinas so baka tumaas ang stock nila. Sikat ang game na to. anyway wag kayo makinig sakin isa lang akong estudyante na interesado stocks rofl


singkit_1588

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Diablo III game will be released on May 15. IP E-Game ang may rights na mag distribute nito sa pinas so baka tumaas ang stock nila. Sikat ang game na to. anyway wag kayo makinig sakin isa lang akong estudyante na interesado stocks rofl
may 15 is near..good news to db?
why this stock keeps on losing?
uhmmm??


finance123

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IP E-Game Ventures Inc (EG)

PE Ratio: 5.74
Market Cap: 1.09 Billion pesos
Price to Book Value: 3.45
DEBT To EQUITY = 0.53

--------------------------------------------------------------------------------------
94.% OF Its liability is current (within a year)
Trade payable accounts for 56% of its liabilities.

The company has negative operating margin. They need to control
their operating costs as they grow their business. (Simply, they're losing
money at the moment).

In 2011, it made a net income of Php45.80 million pesos
only because of a one-off gain amounting to 91.27 million.
(Earning must be derived from operations, as an investor
I avoid company with inconsistent earnings).

Php 172 million in cash and securities.
Php 61 million in Goodwill.

In 2011, it generates 39 million pesos cash from operations
but it needs more money for working capital. Operating activities are
net user of cash. (Operating activities are net users of cash. It is common
for growing companies as they invest money in current assets).

Php 172 million in cash and securities.
Php 61 million in Goodwill.

There is Php 196 million (2011) versus 40 million (2010) tagged
as Due from related parties (Under current assets).
------------------------------------------------------------------------------------

My opinion:

The company's growth is very good BUT they need to CONTROL the cost.

I find this as a speculative stock. As a value investor, paying 3.45x book
value is quite expensive even with its growth potential. There are stocks out there with better valuations.

After they raise money in 2011 via IPO, what's next??? how are they gonna
increase the value of the company?

Stay out of this company. Wait for the catalyst.



graphene

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^very nice. saan nyo po nakukuha infos? i would like to learn and try doing valuations like these. problem is i don't know where to get them.


bauer

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finance123,

thanks for your good inputs.

Your book value view is good but i consider this stock as totally distinct from others being an information technology firm.  Did you know that facebook's earnings to market value is an astonishing 99 times! it really boggles the mind, but you have to line up to get the stock. ganyan talaga sa info tech stocks even buffett finds it very hard to digest.

RDS,

like you, I will not sell in the near term just yet but i really need to see the 2011 audited FS asap!

Post Merge: 1336408632
centrinooo,

thanks for your inputs as well. nagpapalakas ka lalo ng loob. 


rds

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stay put...sit back...relax.

so many "investors" are crazy buying "basura" stocks and feeling good about it, shouldn't i feel a lot better knowing this stock is not one of the "basura", or maybe i'm just too dumb in interpreting financial report.


finance123

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I want to know more about the business model of this company before
adding this stock to my portfolio. At 1.09 billion market cap - it is not that much
and there is much room for upside potential but the I am not convinced how they
generate earnings.



Post Merge: 1336414484

1. Apple - diba ang apple muntik mag file nang bankruptcy before 2000?
Look at it now?
2. Nokia - used to be number 1. Ngayon hindi na.
3. Sony - used to be number 1. Ngayon hindi na.
4. AOL and Yahoo - Ano status nila ngayon??

IP E-game ventures diba operator din ng internet cafe??
Internet cafe has a low barrier of entry.
« Last Edit: May 08, 2012, 02:14 AM by finance123 »


bauer

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1. Apple - diba ang apple muntik mag file nang bankruptcy before 2000?
Look at it now?
  

Steve jobs was removed from apple.  After a series of snafu, apple requested jobs to return and lead them again to victory.  It's a shareholders issue.

Post Merge: 1336444740
2. Nokia - used to be number 1. Ngayon hindi na.

Nokia knows what people wanted - simplicity in high tech stuff & low cost but they fail to innovate.

Post Merge: 1336444920
3. Sony - used to be number 1. Ngayon hindi na.
 

Sony spread itself too thin.  they went into movies, music, gaming consoles & softwares, and hard techs like lcd, phones, ther appliances.  Globalization & focus products by competitors is the number one threat.  You cannot fight too many wars around the globe.

Post Merge: 1336445160
4. AOL and Yahoo - Ano status nila ngayon??

AOL started as an internet service provider (hot stuff during the early 90's) then they merge with Time Warner.  That's the start of the loss in their corporate identity that brought them great strides.
Yahoo is simply finding it difficult to fend off competitors like FB, google

Post Merge: 1336445520
IP E-game ventures diba operator din ng internet cafe??
Internet cafe has a low barrier of entry.

It is indeed a low barrier to entry if you only concentrate your business on internet cafe.  But remember EG started its business developing gaming softwares that are use in internet cafes around the country.  EG made a very good business strategy of expansion vertical wise.

Why do i say vertical?  EG offered good online gaming products then they own the largest network of internet cafes where their products is being use.  Aside from that, EG started to expand not only in gaming buy online gambling as well by taking up a partnership with a cagayan PEZA firm that operates a gambling business.

another big advantage is the cloud business of its associate that proves a back up data center into their operation.  

Post Merge: 1336445640
I believe in all businesses, big or small, fast innovation & fast adaptibility is the key to continuing success.
« Last Edit: May 08, 2012, 10:56 AM by bauer »


bauer

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mikoangelo

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bauer

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yes po. current position in 6 to 7 figures.

disclosure: i do not encourage anyone to dip their wallets.  It is a 'growth stock'.

I announced it as a matter of record to check the 'value' of my own analysis.
« Last Edit: May 14, 2012, 01:07 PM by bauer »


Zeicho

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Yan din ba ang E-Games behind the online games such as Ran, Cabal, Audition?


 


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