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After AREIT deal release, ALI trades 2.47 times 65 Day Average Volume

ALI traded at 2.47 times 65-day average trading volume, a day after AREIT made a press release that it is boosting dividends and eyeing a 15 Billion Peso property for share swap with ALI. The elevated trading volume could be attributed to investors positioning for an eventual rebound in ALI taking advantage of the weakenedContinue reading “After AREIT deal release, ALI trades 2.47 times 65 Day Average Volume”

ALI liquifying real assets through AREIT, pioneering move to strengthen ALI

ALI is a highly leverage real estate company. As of 30 September 2021, total liabilities are 1.8 times total equity. With the pandemic slowing down real estate sales and rental revenues, leverage real estate developers like ALI must be creative in raising the necessary funds to pay off debts and fund developments. Investment properties ofContinue reading “ALI liquifying real assets through AREIT, pioneering move to strengthen ALI”

ALI to survive pandemic through financing activities

ALI burned cash of 12.5 Billion Pesos on operating activities throughout 2020. The cash burned on operations was offset by the proceeds from the AREIT IPO sponsorship. The IPO of AREIT was timely, giving ALI the necessary cash during the year. It looks like that in 2021, ALI may yet again rely on financing activities.Continue reading “ALI to survive pandemic through financing activities”

ACEN a full display of the Ayala’s value crystallization process

On 04 February 2021, AC Energy Corporation (ACEN) disclosed that the Company’s Executive Committee approved a follow-on offering (“FOO”) at a price range of P6.00-P8.20 a share. The FOO will consist of primary share issuance of up to two billion ACEN shares and secondary shares the size to be determined at a later date. OfContinue reading “ACEN a full display of the Ayala’s value crystallization process”

Ayala’s (AC) investment in Myanmar in peril as political turmoil develops; AC borrowed money for the Myanmar investments

Ayala Corp. invested US$108.6 Million in Yoma Strategic Holdings Ltd. (YSH) and US$82.5 Million in First Myanmar Investment Public Co. (FMI).  Those investments are part of the agreed US$237.5 Million investment into the Yoma Group by Ayala Corp. Yoma Strategic Holding Ltd. is a Singapore listed conglomerate but gets all of its revenue from MyanmarContinue reading “Ayala’s (AC) investment in Myanmar in peril as political turmoil develops; AC borrowed money for the Myanmar investments”

Ayala’s to get around 9 Billion Pesos for a portion of its ACEN shares in a deal with GIC, SRO for public holders and GIC investments to fund growth of Ayala controlled ACEN

Employment of the smartest and brightest executives pays.  Executives at Ayala Corp. are on the move to recoup its money invested in energy while retaining controlling interest worth several times its original capital investment. ACEN today announced the potential investment of an affiliate of GIC Private Limited (“GIC”), Arran Investment Pte Ltd, in ACEN, inContinue reading “Ayala’s to get around 9 Billion Pesos for a portion of its ACEN shares in a deal with GIC, SRO for public holders and GIC investments to fund growth of Ayala controlled ACEN”

Insider selling, ACEN subsidiary Bulacan Power selling 3,500,000 ACEN shares

Bulacan Power Generation Corporation is a wholly owned subsidiary of AC Energy Philippines, Inc. (ACEN). Bulacan Power Generation Corporation has been owning shares of ACEN. On October 28, 2020 (disclosed October 29) Bulacan Power Generation Corporation dumped into the market 3,500,000 shares at a range of 3.82 to 3.87. When most companies are buying backContinue reading “Insider selling, ACEN subsidiary Bulacan Power selling 3,500,000 ACEN shares”

BPI 9M20 net income of 17.2 Billion, a 22.1% drop from last year’s 22.03 Billion, anticipates increase in Non-Performing Loans

BPI PRESS RELEASE: BPI raises 9M 2020 provisions to 21.1 billion MAKATI CITY, Philippines — Bank of the Philippine Islands booked P21.06 billion in provisions for loan losses in the first nine months of 2020 in anticipation of an increase in NPL levels in light of the continued weakness in the economic landscape. This provisionContinue reading “BPI 9M20 net income of 17.2 Billion, a 22.1% drop from last year’s 22.03 Billion, anticipates increase in Non-Performing Loans”

Market paying more for ACEN than the Ayalas

AC Energy Philippines, Inc. (ACEN) is the publicly listed power generation unit of Ayala Corp.  ACEN was formerly the PHINMA Energy Corporation prior to its acquisition by the Ayala group from the PHINMA group. The Ayala group just recently changed the company’s name from AC Energy Philippines, Inc. to AC Energy Corporation and consequently changedContinue reading “Market paying more for ACEN than the Ayalas”

Ayala Corp. (AC) sells Infigen Energy makes a quick profit of around 1 Billion Pesos, avoids raising more debts

In a press release dated September 9, 2020, Ayala Corporation ($AC) announced the sale of its 20% holdings in Infigen Energy to Spain’s Iberdrola Group at 0.92 AUD a share. AC accumulated its holdings in Infigen Energy in July at an average cost of 0.794 AUD. In just a period of around two months, ACContinue reading “Ayala Corp. (AC) sells Infigen Energy makes a quick profit of around 1 Billion Pesos, avoids raising more debts”

$GLO could skyrocket if it scraps dividend to heed DU30 calls for network investments

The 1H 2020 results of Globe Telecom (GLO) showed a slowdown in the net cash flows from operating activities by -31% to 24.3 Billion Pesos. The result marked the effect of the COVID-19 pandemic on the telecommunications industry in the Philippines. The slowdown in the operating cash flows indicates that it has to conserve cash.Continue reading “$GLO could skyrocket if it scraps dividend to heed DU30 calls for network investments”