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DMC principal stockholder hiked holdings in the company

One of the principal stockholders of DMC Holdings (DMC) is DFC Holdings. DFC Holdings is one of the two Consunji holding firms owning the controlling shares of DMC. As of 26 May 2020, DFC holdings controls 2,382,067,010 shares of DMC or about 17.94% of DMC. But as of 26 July 2021, those holdings have increasedContinue reading “DMC principal stockholder hiked holdings in the company”

SCC (Semirara Mining & Power Corporation) 9M20 results a preview of the new normal

Semirara Mining & Power Corporation nine months of 2020 results showed a significant decline in coal sales. For 9M20 it reported revenue from coal of 11 Billion Pesos.  It is a decline of 53% from last year’s 23.3 Billion Pesos. Semirara Mining and Power Corporation (SCC) is the largest coal miner in the Philippines. ItContinue reading “SCC (Semirara Mining & Power Corporation) 9M20 results a preview of the new normal”

Coal miner SCC watches China bans Australian coal, affirms tie with the Philippines

Semirara Mining and Power Corporation (SCC) is the largest coal miner in the Philippines. It is controlled by the Consunji family through its publicly listed holding company DM Consunji Holdings, Inc. (DMC) which owns 56.63% of the coal miner.  Its operation has been severely affected by the pandemic induced shutdowns of day to day activities. Continue reading “Coal miner SCC watches China bans Australian coal, affirms tie with the Philippines”

Consunji cash cow Semirara Mining and Power Corporation (SCC) rose 4.47% in a single day

Semirara Mining and Power Corporation (SCC), the coal mining and coal power plant operator, has been Consunji’s primary cash cow.  SCC has been the primary cash flow generator of the Consunji group.  It is a 56.63% subsidiary of DM Consunji Holdings, Inc., the Consunji’s publicly listed holding company. A Consunji private holding company, DACON CORPORATION,Continue reading “Consunji cash cow Semirara Mining and Power Corporation (SCC) rose 4.47% in a single day”

COVID-19 weakened DMCI Holdings, Inc. (DMC)

DMCI Holdings, Inc. and subsidiaries (DMC) reported a consolidated net income of 3.1 Billion Pesos for the first half of 2020 (1H 2020). Although it reported a net income of 3.1 Billion Pesos it did not generate cash from operations. Worse is that its capital expenditures for the period required 3.2 Billion Pesos. The cashContinue reading “COVID-19 weakened DMCI Holdings, Inc. (DMC)”