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
Sabado, Hulyo 16, 2016
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
Huwebes, Hulyo 7, 2016
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.
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.
Mag-subscribe sa:
Mga Post (Atom)