I-Remit, Inc.
#31
Ang kuripot ni abacus mamili.

di na sinusingkit ung 3petot...
Tara, samahan mo ako. Biyahe tayo...
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#32
up ko lang latest disclosure...

http://www.pse.com.ph/resource/disclosur...7472_I.pdf
Tara, samahan mo ako. Biyahe tayo...
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#33
I - I-REMIT, INC.

LAST TRADE PRICE = PHP 2.8800
LAST TRADE DATE: 02/08/13


P/E RATIO TEST:

2009 Earnings-per-share = PHP 0.2200
2010 Earnings-per-share = PHP 0.1300
2011 Earnings-per-share = PHP 0.2300
2012 Interim Earnings-per-share (9 months ending September 2012) = PHP 0.1000

Average earnings-per-share (based on the past 3 years and 3 quarters) = PHP 0.1783
Average price earnings ratio (based on the past 3 years and 3 quarters) = 16.15

Result of Graham's price-earnings ratio test: FAILED
Benjamin Graham recommends current price no more than 15 times average earnings.
However, P/E <15 should be taken as an arbitrary value. Ratios do not tell us the whole story by itself. It is more useful to compare the ratios of one company to other companies in the same industry.


PRICE-TO-BOOK RATIO TEST:

Total Equity = PHP 1,268,339,565
Outstanding Shares = 595,549,800
Book-Value per Share = 2.13
Price-to-Book ratio (PB) = 1.35

Result of Graham's price-to-book ratio test: PASSED
Graham recommends that current price should not be more than 1.5 times the book value last reported.
However, P/B <1.5 should be taken as an arbitrary value. Ratios do not tell us the whole story by itself. It is more useful to compare the ratios of one company to other companies in the same industry.

Moreover, average earnings to book ratio (similar to return on equity) = 8.37%


NET-WORKING-CAPITAL OR "RARE BARGAIN" TEST:

Current Asset = PHP 2,096,016,715
Total Liabilities = PHP 1,005,337,467
Net Working Capital = PHP 1,090,679,248
Current Asset to Total Liabilities ratio = 2.08

* By "net-working-capital", Graham means current assets (such as cash, marketable securities, and inventories) minus total liabilities (including preferred stock and long-term debt).

Result of Graham's net-working-capital or "RARE BARGAIN" test: PASSED
Current asset is greater than total liabilities.
Graham recommends issues with positive net-working-capital.

Moreover, equity is greater than total liabilities.
Total liabilities to equity ratio = 0.79
This company is relatively low leveraged.


GRAHAM'S "BLENDED MULTIPLIER" TEST:

P/E = 16.15
P/B = 1.35
P/E*P/B = 21.84

Result of Graham's "blended multiplier" test: PASSED
Graham suggests that the product of P/E and P/B should not exceed 22.5.
However, P/E*P/B <22.5 should be taken as an arbitrary value. Ratios do not tell us the whole story by itself. It is more useful to compare the ratios of one company to other companies in the same industry.


LIMITATION OF ANALYSIS:

1. EPS calculation does not isolate "extra-ordinary income".
2. Analysis does not cover earnings stability, dividend records, earnings growth and futures earnings (or forward P/E ratio).
3. For future plans and prospects, read below reference.


REFERENCE:

http://www.pse.com.ph/resource/corpt/201...ep2012.pdf
http://www.pse.com.ph/resource/corpt/201...ec2011.pdf


DISCLAIMER:

The content of this material is for informational, educational and discussion purposes only.

The author/ writer is not a professional or registered investment adviser and as such nothing in this material should be considered as investment advice or a recommendation to buy, sell or hold an equity.

The opinions/ analysis expressed in this material are written in good faith, but absolutely no representation or warranty, expressed or implied, is made as to their accuracy or completeness.

This material may contain significant errors or significant omissions. The author's/ writer's investment thesis could be significantly flawed or his/ her assumptions could be significantly inaccurate or maybe disregarding certain significant risks.

The author/ writer hereby expressly disclaims any responsibility for error, omission or inaccuracy in the information, misinterpretation and any all loss, disappointment, negligence or damage caused by reliance on this information.

All information should be independently verified. Investors should always perform their own due diligence when investing. Readers are solely responsible for their own investment decisions.

The author/ writer shall not be responsible or liable for any trading or investment decisions made based on this information.
If You're So Smart, Why Aren't You Rich? - BATMAN The Animated Series: Season 1, Episode 41
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#34
up ko lang to.. tumaas na ung kakambal mong si T. Smile
If it doesn't feel right, don't do it!
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#35
...ayan na, in-up na ni AB heheh Smile


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#36
me nararamdaman kasi ako kanina bout this stock. Smile
If it doesn't feel right, don't do it!
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#37
(04-04-2013, 07:51 PM)abundance boy Wrote: me nararamdaman kasi ako kanina bout this stock. Smile

Anu po yun angkol? ninjaninjaninjaBig GrinBig GrinBig Grin
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#38
don't tell me na mag sali din ito sa mining sa PSE arena. no shovel and pick required. only tsismis will do the dirty works. ay ambot lang ... twisted Tongue twisted

http://img2.annthegran.com/StockDesign/X...LG1393.jpg
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#39
9-21

...walang kwent Tongue

I-Remit says remittance growth up 12%

I-REMIT, Inc. posted a 12% growth in personal remittances from overseas Filipino workers (OFW) as of July this year, outpacing the 3% recorded by the industry as reported by the Bangko Sentral ng Pilipinas.

The Filipino-owned remittance service provider said its growth was four times more than the industry, which the central bank placed at $18.5 billion, year to date.

“I-Remit attributes this to the significant increase in its remittance business turnover from Singapore, Hong Kong, Japan, Taiwan, Canada, United Kingdom, Saudi Arabia, Qatar, UAE, as well as its newest market, South Korea,” it said on Thursday.

The publicly listed company said given the rapid technological changes, it continues to invest in and upgrade its infrastructure to ease the payment processes, bring down costs for remitters and strengthen security of its systems ensuring timely delivery of its services to Filipinos overseas and their loved ones in the Philippines.

On Aug. 15, I-Remit forged ties with San Francisco-based Fintech, Ripple. I-Remit transactions will move on the rails of RippleNet, a fast expanding global payments network of banks and other financial institutions.

It said a partnership with Travelex was also officially launched on Aug. 26 initially in Bahrain. Filipino remitters in the gulf nation can now have the ease and convenience of sending and receiving money between Bahrain and the Philippines. Travelex is a foreign exchange specialist with presence in 70 countries.


source: https://www.bworldonline.com/i-remit-say...wth-up-12/


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