52-week low of selected stocks

Looks like ours is a bearish market seeking its bottom. Here is the 52-week low of selected stocks and current price as of Nov 11, 2016. Is the 52-week low the bottom? Will you bet on it? We will find out soon.

Philippine index: 6084.28 (6975.09)
ABS: 45.5 (46)
AC: 600 (750)
ALI: 27.20 (32.8)
BPI: 81 (96.1)
DNL: 6.74 (11)
EDC: 5.05 (5.3)
FGEN: 17.6 (22.9)
FLI: 1.31 (1.75)
FPH: 50.8 (66.9)
GMA7: 6.11 (6.19)
GTCAP: 1207.41 (1263)
ISM: 1.11 (1.34)
JFC: 191 (231)
JGS: 56.9 (69.3)
MEG: 3.0 (3.78)
MER: 273 (278.4)
MPI: 5 (6.83)
SMPH: 18.7 (26)
TEL: 1400 (1406)
URC: 168 (170)

VUL and FPH

VUL: Another failed attempt to stay above 1.4-1.5. That is the third failed attempt for the last 3 months. Sold some above 1.4. Plan to buy below 1.25. I predict it will consolidate again until before the ASM on October. I am hating this stock and it is really testing my patience. When will you be NBS?


FPH: Looking good. . Patiently waiting for another cash dividend on october/november. Hope to see the price go back to 100/sh. Anti-Jinx done

Pleasantly Surprised

PHILEX MINING CORPORATION

Property Dividend Declaration

Please be informed that on February 29, 2016, the Board of Directors of Philex Mining Corporation (PX) approved a property dividend consisting of shares of stock of Philex Petroleum Corporation (PXP) as of record date, March 15, 2016 with details as follows:

Property Dividend Features:

Nature of Property Dividend	Philex Petroleum Corporation (PXP)
Ratio	17 PXP shares for every 100 PX shares
Record Date	March 15, 2016
Entitled stockholders	All stockholders owning at least 100 shares as of record date

The above was the email I got from COL today. It was a pleasant surprise. I forgot that I bought PX early this year. I checked the record and yes I held it until few days after the ex-date; hence, I am eligible to be given with PXP share. I smell that the bears will reign on PXP this monday. The dividend is practically free money. Who doesn't want one? The question now is will I join the bandwagon on monday and sell my newly acquired PXP? My answer is No. I plan to hold on this for months or even years. It is  free stock market share after all. I doubt I'll receive another one in the next months. I want to cherish the moment. LOL

FPH's Buy Back Program

Link
The Board of Directors approved today the extension of First Philippine Holdings Corporation’s (“FPH”) common shares buy-back program from July 2016 to July 2018 for up to P6.0 Billion. The original program was approved by the Board on July 8, 2010 and has been extended twice previously, for two (2) years in July 2012 and for another two years in July 2014.

Why would company buyback its own shares? Investopedia has some answers.
http://www.investopedia.com/ask/answers/042015/why-would-company-buyback-its-own-shares.asp

 I say its good news. 

FLI, FPH, VUL

Congratulations to the holders of FLI. It looks like I exited that stock too early. I was able to buy in tranches at 1.5 and was able to sell them all at around 1.8. In my previous post, I said it could possible go down again to 1.5. I was so wrong. Lo and behold FLI now is at 2 (at least 30% gain in less 5 months). I am a little bit bitter about this since I could have earned more if not for the early exit. Still, profit is profit. I should be happy with it. I am just watching FLI now and I am sincerely happy for those who believe in FLI. Will it break resistance at 2.09-2.10? Will it hit 2 year high?

VUL. trying to hold support at around 1.25. No schedule yet for the postponed ASM. Please give your holders, which include me, GOOD NEWS. We badly need one

FPH. Just cheering for this. Wishing for it to hit at least 80/share before november and who knows probably back to 90-100 in december.

Things are looking good. Will Index hit 8000+ soon?

It seems most investors are positive with the incoming administration and things are shaping up well. Hopefully index will hit 8000 soon. Hope not to jinx this one. :)

MER: Breakdown?

Currently @ 301.8/sh from 30 day high of 347.20/sh

support #1: 250
suport #2: 210-220

JGS: short term support and resistance

Resistance: 85
Support #1: 80.7
Support #2: 76-77

Private placement: 142.5M Shares @ 82.10/sh

VUL

Support: 1.25
Next Support: 1.12-1.13
Resistance: 1.46-1.47

Interesting is that Vulcan postponed its ASM. Why is that? Are they going to announce something big? Or Im just hoping they will announce something big. Let's wait and see.

FPH: consistently giving cash dividend yearly

P1.00 per share (or 90 cents per share after taxes)
Ex-Date: May 13, 2016 
Payment Date: Jun 02, 2016 

FPH is giving cash dividend twice a year (May and November) for the past 5 years.  Thats a 2.5% income in a year if you buy at 70 pesos per share.

Here's a company where you can put your money and forget about it until you retire or if price hit 100 pesos per share and above. One of the best candidate also for EIP or averaging strategy.

FV of COL as of today is P138.20/share - almost double of its current price today P66-70/share.

Downside: Lopezes own this company. Our president elect Rodrigo Duterte is not a Cojuangco.

FLI

FLI managed to go to as high as 1.85 last week but is facing strong resistance at 1.85-1.9 area. It closed at 1.8 last Wednesday. Consolidation probably at 1.6-1.8. Remember my post about this stock last January? If you bought this @1.5, you should have at least made yourself 15% richer in just 2 months. For some its enough to cover their vacation expenses.

For those who got out, you may want to buy back again at 1.7 to 1.5/share -that is, if my prediction that FLI is forming a cup and handle pattern is right.

FPH: Facing major resistance

Remember my post last January about FPH hitting 52 week low at 49-51? It has so far risen since then to almost 25%. As of this writing, price is 64.3 pesos per share. For those who got it at 51 pesos per share, 25% profit in just 2 months isnt really bad.

At this level FPH is facing strong resistance: around 64.5 both from 130 day SMA and 23.6% fibo. If FPH breaks this resistance, 73-74/share is the next major resistance.

TEL: worst case scenario 1500 pesos per share?

Fibonacci retracement for 10 years

50%: around 1850
61.8%: around 1500

PX

The Pennant The pennant forms what looks like a symmetrical triangle, where the support and resistance trendlines converge towards each other. The pennant pattern does not need to follow the same rules found in triangles, where they should test each support or resistance line several times. Also, the direction of the pennant is not as important as it is in the flag; however, the pennant is generally flat.

Read more: Analyzing Chart Patterns: Flags And Pennants | Investopedia http://www.investopedia.com/university/charts/charts6.asp#ixzz41dZlAM80
Follow us: Investopedia on Facebook

 

PX today

 

NEWS on PX

Security Name	Philex Mining Corporation
Date	03/01/2016
Headline	C01009: Philex Mining declaration of property dividends
Source
Content
Ex-Date: Mar 10, 2016 Type of Securities: Common Property Dividend: Date of Approval by Board of Directors: Feb 29, 2016 Date of Approval by Stockholders: N/A Date of Approval by Securities and Exchange Commission, if applicable: TBA Other Relevant Regulatory Agency, if applicable: N/A Date of Approval by Relevant Regulatory Agency, if applicable: N/A Property to be Distributed: Philex Petroleum Corporation (PXP) Shares Entitlement Ratio: 17 PXP Shares for every 100 PX shares Record Date (to be determined after necessary approvals): Mar 15, 2016 Payment Date (to be determined after necessary approvals): TBA

VUL

if you regularly visit this blog, youll notice that I have been covering Vulcan since last year. Reason: I have Vulcan shares and I have been patiently waiting for National Bookstore backdoor play.

Vulcan Feb 24, 2016 disclosure:
National Book Store, Inc. (NBS) has fully paid 363,944,388 shares of stock of its total subscription to the increase in capital stock of the Corporation, and for which all appropriate taxes have been paid. Hence, the said number of shares have been issued to NBS.

The last time NBS did this was 2014.

Will it breach 2/share?

Will the NBS backdoor finally push through.

Will our patience come to fruition?

ISM

bought at 1.13 few days ago and bought again today at 1.21 hope it reaches 2 at least but I wont complain if it become 4. telstra?????? as of now, it is still what we call kwentong barbero.

FGEN

support: 17.6
resistance: 19.38

VUL: good news and bad news

Good news:

• closed above 5 day EMA and 20 day SMA.

• RSI and STS going up

Bad news

• no volume

• backdoor listing still uncertain

PCOMP worst case scenario: Head & Shoulders

PSEi	6,642.45
-0.88%	-58.91

 

Fig 1. Worst case scenario for PSEi

 

Fig 2. H&S pattern (from investopedia.com) 

Hope this doesnt happen.

FLI

FLI is trying to break its 1.5-1.51 resistance
if it does, I expect it to consolidate around 1.65-1.85
and if things go right it will probably go 2 and above.
Of course if it fails to break 1.5-1.51 resistance I expect this to go below 1.3

Did they bounce?

Reviewing my last 2 post before this one
s
ALI went as high as 29 then closed at 28.6, a 5.15% increase

FPH closed 3.05% higher than yesterday

AGI also increased by almost 4%

Well it seems everyone bounced as predicted, almost...

FLI with bullish hammer was sort of a failure, but I'll wait for price action next week before we say its a false bullish hammer.

FLI: BREAKING DOWN 'Hammer'

BREAKING DOWN 'Hammer'

A hammer occurs after a security has been declining, possibly suggesting the market is attempting to determine a bottom. The signal does not mean bullish investors have taken full control of a security, it simply indicates that the bulls are strengthening.

Source: investopedia

Will they bounce tomorrow?

I have written FIBOs/GAPs of ALI, FPH and AGI in my previous posts. Incidentally today, they closed within those figures.

ALI's

• Day Range 27.20 - 28.65 
• Gap closed (see previous post )

FPH

• closes at 50.8 within Fibo (61.8%): 49-51
• RSI 14!

AGI

• closes at 12.7 (Fibo 61.8%)
• RSI 19

ALI

gap 27.2-27.8

FGEN

FGEN closes at 18.5 below the 50% FIBO

FIBO of some stocks from low in 2009-2010

38. 2%
Index:            5700
ALI:               27.5
MEG:             3.25
SMPH:           16
BDO:              86.75
GTCAP:          1226 (since 2014)

FGEN:            19.26 (50%), 16.3 (61.8%)
TEL(2003):    1860(50%), 1465(61.8%)
DNL:              6.88(50%), 5.75 (61.8%)
AGI:               12.7 (61.8%)

VUL is back to One Pesos

As predicted here before, VUL is back at one. It even dipped to 0.99/share yesterday. NBS backdoor is still uncertain as per businessworld report last december 29, 2015.

Howerever remember that in August 2014, National Book Store subscribed to 850 million Vulcan shares at P1 apiece. So if the holders are "lugi," the Ramos family is more "lugi." I guess that's hope for the holders?

FPH

5 year low at 49.05 (12/12/2013)

Fibo (61.8%): 49-51