First Gen Corporation
#1
BUSINESS PROFILE

Incorporated on December 22, 1998, First Gen Corporation (FGEN) and its subsidiaries are involved in the power business. FGEN is a Filipino-owned and controlled independent power producer (IPP) in the Philippines. All of the Company's power generation plants are operational, except for the Bauang plant, and are majority-owned and controlled by FGEN through its subsidiaries.

The different companies under FGEN consist of First Gas Holdings Corporation, Unified Holdings Corporation, First Gen Renewables, Inc., Prime Terracota Holdings Corporation, Red Vulcan Holdings Corporation, First Gen Hydro Power Corporation and First Private Power Corporation. Among the power plants operated by the Company include the 1,000-megawatt (MW) Santa Rita power plant, the 500-MW San Lorenzo power plant, and the 112-MW Pantabangan-Masiway hydroelectric plant. Energy Development Corporation, one of FGEN's subsidiaries, is the Philippines' largest producer of geothermal energy.

Source: SEC Form 17-A (2009)


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Pls don't follow me....I'm lost too! hehe
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#2
First Gen denies barring asset sale to KEPCO

LOPEZ-LED First Gen Corp. denied on Friday reports that it had blocked plans of partner BG Energy Holdings to sell its stake in the company’s assets to Korea Electric Power Co. (KEPCO).
"BG Holdings’ proposed sale to KEPCO is not in accordance with the requirements of the joint venture agreements," First Gen said in a disclosure.

"For this reason, First Gen’s right of first refusal has not been triggered by the transaction. We thus deny that First Gen has exercised its right of first refusal," the company said.

BG Holdings controls 40% in First Gas Holdings Corp. which in turn operates the 1,000-megawatt Sta. Rita and 500-megawatt San Lorenzo gas-fired power plants in Batangas City.

http://www.bworld.com.ph/content.php?sec...O&id=32920
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#3
[Image: fgen-7-8-11.jpg]
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#4
sir, ano pong target price nito?..
~In all your ways, acknowledge God.

Initializing Bazura Mode...
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#5
Lets aim for the recent high muna @ 15.36. Long-term outlook ko nito is around P19 - 20 petot. Catalyst I am waiting for is the feed-in-tariff for renewable energy
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#6
sold some at 15.12 the other other day profit is profit hehe Big Grin
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#7
Bossings paconfirm na man. Cup and handle breakout ba? Confused
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#8
First Gen posts $13-M net loss for H1

First Gen Corp. posted on Monday a $13.3-million net loss for the first half of the year, citing the impairment of its Northern Negros geothermal power plant.
The performance is a reversal of the $50-million profit the Lopez-led firm reported in the first semester of 2010.

First Gen pointed to the lower contribution of subsidiary Energy Development Corp. (EDC), the Negros plant operator, for the period at just $25.6 million compared to $36.5 million in the year previous.

The power plant was recently decommissioned resulting in a non-cash loss.


Source: bworldonline.com

http://www.bworldonline.com/content.php?...1&id=36524

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#9
First Gen hikes profits


PROFITS OF First Gen Corp. rose by 27.5% in the third quarter on the back of higher electricity production from its its gas-powered plants, the company disclosed to the bourse yesterday. First Gen said it saw its net income increase to $39.3 million for July to September from $30.8 million in the same period last year. Its attributable net income to the parent rose by 50.3% to $24.8 million from yearago levels of $16.5 million. Revenues of the firm grew 22% in three month period to $397.4 million from $325.4 million last year. Despite the strong performance of the third quarter, First Gen’s nine month net income fell by 51.9% to $50.4 million from $104.9 million. Its attributable net income to parent declined 82.6% to $11.5 million from $66.5 million in the same period last year. “The decline is mostly attributable to an impairment charge of P5 billion by its affiliate Energy Development Corp. for its 49-megawatt (MW) Northern Negros geothermal power plant...reported in June this year,” the company said in its disclosure.

http://www.bworldonline.com/content.php?...s&id=41678
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#10
First Gen boosting capital
By: Amy R. Remo
Philippine Daily Inquirer
1:21 am | Wednesday, November 23rd, 2011

http://business.inquirer.net/31691/first...ng-capital
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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