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Metro Pacific Investments Corp. (MPI): Dividend Yield and Dividends Paid by the Stock

Are you an investor of Metro Pacific Investments Corporation (MPI)? You might be interested to find out below how much Dividends they have paid in … Read More

25 PSE firms still below minimum public ownership level

With just three weeks remaining until the deadline set by the Philippine Stock Exchange, twenty-five (25) publicly-listed firms remain in danger of being delisted from the local bourse for failing to meet the rule on minimum public ownership.

Back in June 2012, at least 27 companies have been reported to have not met the 10% public float requirement and were given until December 31, 2012 to comply. (See: PSE to delist 27 firms if 10% Public Float rule not met)

Manny Pangilinan to buy Philippine Airlines (PAL)?

Manny V. Pangilinan (MVP) is on a buying spree.
Through his holding firm Metro Pacific Investments Corp. (MPI), MVP acquired the following:

telecommunication company PLDT in 1988;
water concessionaire Maynilad in 2006;
the Manila North Tollways in 2008;
the Philippines’ largest mining company Philex in 2009
power distribution company Meralco in 2009;
hospital Makati Medical Center in 2009;
broadcast network ABC5 (now TV5) also in 2009

Now it appears that MVP wants to add in this portfolio another company that is significant to most Filipinos. Rumor has it that he is already in talks to buy the country’s flag carrier, Philippine Airlines or PAL.

Catholic Church sold Philex shares to Manny Pangilinan?

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.