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)
Sabado, Nobyembre 12, 2016
Sabado, Hulyo 16, 2016
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
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
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.
Martes, Hunyo 7, 2016
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.
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. :)
Sabado, Mayo 28, 2016
MER: Breakdown?
support #1: 250
suport #2: 210-220
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