Finance Articles
Rockwell land IPO at 1.46 per share, IPO you can’t get
Listing date: May 11 Number of shares: 6.23 billion common shares valued at P9 billion Price: P1.46 per share. This represents 100% of its issued and outstanding common shares, the document showed. Listing shares by way of introduction in the bourse allows companies to have its shares traded without having to undergo an initial public offering immediately. The document also … [Read More...]
Is Calata IPO a good buy with a price of 7.50 per share?
Calata Corp Nature of Business: Agri Price: 7.50 Offer Period: May 10 to 16 Listing Date: May 23 The Bulacan-based firm will be listing 36.012 million common shares on the PSE’s second board which represents a 20% stake in the firm. Unicapital, Inc. will act as underwriter for the IPO, while Sy-led BDO Unibank, Inc. Trust and Investment Group will serve as stock transfer … [Read More...]
Exportbank closure: Depositor’s info on claiming PDIC
Yesterday, I attended the PDIC sponsored forum regarding procedures on how to claim Export bank deposits. Salient points discussed include: For deposits less than P10,000, PDIC will mail the check to the depositor already Release of insurance covered deposits (meaning up to the p500,000 limit) will start end of June Documents to be submitted include the claim form (one for each … [Read More...]
Forbes’ 15 richest fictional cartoon/movie characters
Forbes has come up with a new listing. This annual listing of fiction’s richest, rank the fictional characters from movies cartoons or books. They boast an aggregate net worth of $209.5 billion. five other members of last year’s list dropped off the rankings in 2012, including legendary corporate raider Gordon Gekko, who is awaiting trial regarding his role in the Galleon Group insider … [Read More...]
Exportbank ordered closed by BSP
As of 9am this morning, the main office and branches of Exportbank has remained closed. According to a news item by GMA news, BSP has ordered its closure due to the commercial bank's inability to meet its obligations as they become due, insufficient realizable assets to meet its liabilities and its inability to continue business without involving probable losses to its depositors or … [Read More...]
Sell In May And Walk Away : how true is this?
CNN states that it turns out that over the past 50 years, from the end of October to the end of May the S&P 500 index has gained a cumulative 2,806 percent. That's not as huge a number as it may seem at first glance -- on a per year basis it comes to 7 percent. But for a little more than a half year's work for each year, it's better than a sharp stick in the eye. Now, what would happen if … [Read More...]
East West Bank IPO price at 18.50
Price: 18.50 pesos Listing date: May 7 J.P. Morgan and Deutsche Bank acted as joint global coordinators and joint bookrunners, while Unicapital served as the domestic lead underwriter. Offer period: April 20-26. Total Trading Participant (brokerage) Allocation 49,063,300 Offer Shares Allocation per TP (based on 133 active TPs as of March 31, 2012) : 368,800 Offer Shares Previously … [Read More...]
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