Vulcan Industrial & Mining Corp
...laglag Tongue

National Book Store drops backdoor bid to list shares

National Book Store of the Ramos Group has dropped plans to do a backdoor listing of its retail assets through listed Vulcan Industrial and Mining Corp.

Vulcan said in a disclosure to the stock exchange Wednesday it would still keep its investments and subscription to the shares of the company.

“The Board of Directors of the National Book Store group has informed the company that it will no longer pursue a back door listing of its retail assets,” Vulcan said.

“In light of this development, Vulcan will act accordingly and revisit its strategy and explore various ways to deliver value to our shareholders, While there is no other agreement planned at this time, the company assures the exchange that it will make timely and proper disclosures should one be had with NBS or any other party in the future,” it added.

Vulcan said NBS’ decision would not affect the composition of the board of directors and the public float. 
NBS, the country’s leading seller of books and school and office supplies, in 2013 announced plans to do backdoor listing via Vulcan, which is also controlled by the Ramos family.

NBS in 2014 subscribed to P3.4 billion worth of shares in Vulcan in preparation for the backdoor listing.

Vulcan earlier obtained shareholders’ approval to increase the company’s authorized capital stock to P4 billion from P600 million to accommodate NBS’ subscription, change its corporate name to National Book Store Retail Corp. and revise its primary purpose from mining to retail company.

Vulcan holds mineral exploration rights in several parts of the country and operates a rock aggregates project in Rizal province.

NBS started as a small shop in Escolta before the Japanese occupation, selling novels and textbooks. The company has over 200 branches nationwide today.


source: http://manilastandard.net/business/corpo...hares.html
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16.07% gain in today's trading! Does anyone have an idea why?
Caveat: Continuously learning.
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Bought back yesterday and buying again today.

Worth the drop.

#NoNewsButCheap
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Looks like an opportunity to buy even if there is no news since it went up with no news too.

[Image: 3480rbo.png]
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O diba?
Trading stocks is never a sure thing. Please do your own homework before pressing the button.

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....first PXP, now this naman Tongue galing bos gold
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...nice strong run up...with very big volume...ano balita? National Bookstore pa rin? mukhang hindi na ito eh
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...follow thru rise today nangyayari kasi matinde volume traded nito last Friday...hold lang sa mga nakakuha
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10-31

...suspended from Oct 31...lifted by Nov 05

Subject of the Disclosure
REQUEST FOR TRADING SUSPENSION

Background/Description of the Disclosure
Vulcan Industrial & Mining Corporation (Company) received certain communications after trading hours yesterday, for which the Board of Directors will hold a special meeting today, October 31, 2018, where proposals that may materially affect the future business direction of the Company are expected to be taken up.

Stock Symbol(s) of Affected Securities
VUL

Trading Suspension Details
Execution Date
Oct 31, 2018
Execution Time
9:00 AM
Lifting Date
Nov 5, 2018
Lifting Time
9:00 AM
Reason(s) for the request
The proposals that are expected to be taken up during the Board meeting may affect market activity with respect to listed VUL securities and lead to speculation prior to board action on the proposals. The trading suspension will enable the Company to provide its shareholders and the investing public with equal opportunity to (a) examine the details of the results of the Board meeting, and (b) fully appraise their investment position in VUL shares in light of such results.


source: http://edge.pse.com.ph/openDiscViewer.do...shjNn.dpbs


10-31

...earnings report

VUL’s net loss slightly up in first nine months

LISTED Vulcan Industrial and Mining Corp.’s (VUL) grew slightly to P1.57 million in January to September from P1.46 million in the same period last year.

In a disclosure on Tuesday, VUL said that despite this, it managed to trim losses in the third quarter by 5.49 percent to P394,570 from P417,491.

Its cash in the nine months reached P423,869, 46.6-percent higher than P289,109 a year ago.

Total current assets declined by 6.55 percent to P20.08 million from 2017’s P28.97 million on account of “payment of administrative expenses” for the three quarters.

Non-current assets were placed at P841.62 million, slightly down from P841.55 million last year.

Total liabilities rose by 1.22 percent to P20.52 million from P20.78 million.

Incorporated in 1953, VUL was originally into mining and oil exploration. It changed its primary purpose to retail trade in 2013 and relegated mining and oil exploration as secondary purposes.

The company operates sites, in various stages of exploration, in the provinces of Nueva Viscaya, Isabela, Negros Occidental, Southern Leyte, Davao Oriental, Zambales, Palawan and Nueva Ecija.
It has a rock aggregates project in Rizal province.


source: https://www.manilatimes.net/vuls-net-los...hs/459908/
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Magandang balita po ba ito for VUL?

https://business.inquirer.net/259842/uy-...-telco-bid
Newbie
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