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Robinson Retail’s balance sheet provides capacity to hunt for opportunities

Robinson Retail Holdings (RRHI) ended the year with a fortress balance sheet. RRHI was able to further fortify its balance sheet despite the pandemic. RRHI holds a cash balance of 21.3 Billion Pesos at the end of the year, an increase of 1 Billion. That is after it acquired Rose Pharmacy for 4 Billion Pesos.Continue reading “Robinson Retail’s balance sheet provides capacity to hunt for opportunities”

JGS group invests elsewhere, signals refusal to throw all money into the pit called CEB

JG Summit Holdings (JGS) announced that it has taken part in the US$100 Million investment in Tyme. Tyme is considered as one of the leading digital banking networks for emerging markets. The capital raised by Tyme will be deployed to grow TymeBank in South Africa. JGS Summit is looking to bring Tyme’s digital experience andContinue reading “JGS group invests elsewhere, signals refusal to throw all money into the pit called CEB”

Robinsons Retail Holdings (RRHI) 3Q20 revenue and net income dip but balance sheet remains fortified

Robinsons Retail Holdings (RRHI) generated lesser revenue in 3Q20 as compared to the same period last year. Revenue for RRHI in 3Q20 was at 34.6 Billion Pesos.  That is 4.3 Billion Pesos lower than last year.  That effect of the pandemic to RRHI is just a scratch. The lower revenue caused RRHI to burn cashContinue reading “Robinsons Retail Holdings (RRHI) 3Q20 revenue and net income dip but balance sheet remains fortified”

Falling behind MerryMart in P/BV ratio, Robinsons Retail buys 300-store Rose Pharmacy to solidify further its cash making capabilities

Falling behind MerryMart in P/BV ratio in a wide margin, Robinsons Retail buys 300-store Rose Pharmacy to solidify further its cash making capabilities RRHI a cash machine Robinson Retail Holdings, Inc. (RRHI) has been pandemic resilient.  RRHI proved to be a cash machine amidst the pandemic.  In the first half of 2020 (1H20) when theContinue reading “Falling behind MerryMart in P/BV ratio, Robinsons Retail buys 300-store Rose Pharmacy to solidify further its cash making capabilities”

MM has priced in the promise of a future, how long can the market hold on to that promise?

MM is now trading at 3 times its IPO price of 1.00 a share. It is just two months since the IPO but its shares is already 3 times the IPO price and this is despite the fact that the IPO proceeds has not yet been fully used. Clearly the market has priced in theContinue reading “MM has priced in the promise of a future, how long can the market hold on to that promise?”