Less than two months before the deadline set by the Philippine Stock Exchange (PSE) for publicly traded companies to comply with the minimum public ownership rule, several firms are opting for a delisting instead and are currently in the process of making a tender offer.
A Tender Offer is an invitation to the public, specifically minority shareholders, to surrender or tender their shares to the acquiring entity at a specific price during a specified time.
Investors of financial holdings firm Vantage Equities (PSE stock code: V) who received shares of Yehey! Corporation as property dividends in 2007 have a genuine reason to rejoice, now that shares of Yehey! Corp. are being traded on the Philippine Stock Exchange.
Yesterday, October 18, digital marketing company YEHEY debuted on the PSE and its stock price registered a 170% increase from its initial listing price of P1.00 to close at P2.70.
How much did you earn from Alcorn Gold Resources (APM)?
In the past two weeks, this has been the common conversation topic among jockeys, tsupiteros, and speculative stock traders. True enough, if you were able to join the speculation bandwagon, your APM stock would have already given you huge profits.
During last Friday’s trading, APM closed at P0.075 — a 317% price increase in the past two weeks alone.
The Philippine Business Bank, a savings bank under the conglomerate of the Zest-O group, is planning to issue shares in an initial public offering (IPO) by the end of 2012 or by the first quarter of 2013.
Last week, the bank filed its application with the Securities and Exchange Commission in a bid to become one of the major players in the local banking industry.
If you own stocks of Alaska Milk Corporation (AMC), make sure you sell your shares to the company’s majority shareholders during the Tender Offer period, unless you want to hold on to those shares even if the stock will cease trading on the Philippine Stock Exchange (PSE) by November.
Coal Asia Holdings, Inc., parent company of the firm with the country’s second-largest coal reserves, is planning to raise up to P800 million through an initial public offering (IPO) before the end of the year.
The company will sell 800 million common shares — representing 20% of its total issued and outstanding stock — at an offer price of P1.00, also the share’s par value.
When issuing stock recommendations, brokers and analysts may use the same terminologies but may differ in the meaning of the recommendations.
For example, a “Buy” rating — as opposed to “Strong Buy” — may mean that the stock is “projected to increase in value in a longer-term duration”, while “Strong Buy” may mean that the stock will “appreciate in value in the next 12 months”.
At least twenty-seven (27) publicly-listed firms, including San Miguel Brewery (SMB), Eton Properties Inc. (Eton), and First Metro Investment Corporation (FMIC), are facing possible trading suspension by next year, if they are unable to comply with the minimum public ownership requirement set by the Philippine Stock Exchange (PSE).
