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Globe spends money more for capex than it can generate from operations

In the first quarter of the 2021 Globe Telecom (GLO) spent 19.1 billion Pesos for capital projects. The amount spent for capital projects was more than the cash it generated from operating activities during that period. GLO generated cash from operating activities of only 16.7 billion Pesos in the first quarter of 2021. Of thatContinue reading “Globe spends money more for capex than it can generate from operations”

Chelsea Logistics (C) emits a warning sign to TEL & GLO holders, offers a glimpse of 3rd-telco’s rapid expansion

Chelsea Logistics and Infrastructure Holdings Corp. (C) claims Dito Telecommunity Corporation (Dito), the third-telco, as an associate with a 25% ownership share. Chelsea Logistics is 70% owned by Udenna Corporation. On May 10, 2019, the Company subscribed to 40,833,333 common shares and 22,916,666 preferred voting shares or equivalent to 25% interest of Dito’s authorized capitalContinue reading “Chelsea Logistics (C) emits a warning sign to TEL & GLO holders, offers a glimpse of 3rd-telco’s rapid expansion”

$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”