In 2010 Aboitiz Equity Ventures (AEV) sold Aboitiz Transport System operating under the 2GO brand to Negros Navigation Co. (NENACO) for 3.5 Billion Pesos. AEV incurred a loss of 74.6 Million Pesos on the sale of 2GO. The loss may have been small, but AEV made an impairment charge before that of 2.1 Billion Pesos.Continue reading “AEV learns from Transport/2GO experience, cashes out portion of Power while value is still high”
Tag Archives: Aboitiz Power
AP should learn from GMA7 that the proof of the pudding is in the eating
AP should learn from GMA Network (GMA7) that the proof of the pudding is in the eating. GMA7 a traditional-free-to-air broadcasting company saw a significant rise in share price when it declared 1.35 cash dividend. At the time of the dividend declaration GMA7 was just trading at a day high of 7.49 a share. TheContinue reading “AP should learn from GMA7 that the proof of the pudding is in the eating”
Coal eroding further investors’ appetite for Aboitiz Power
Aboitiz Power (AP) controls a coal-fired generating capacity of around 2,745.27 MW. As previously reported by Bloomberg, coal prices have been surging lately because of pent-up demand globally. The increasing coal prices may increase the fuel cost of the huge coal-fired generating capacity of AP. Increased cost could-affect is bottom-line. The ability to pass-on theContinue reading “Coal eroding further investors’ appetite for Aboitiz Power”