PhilWeb Corporation
#31
Philweb sets P1B for acquisitions

Published on Friday, 20 April 2012 03:00

Listed gaming firm PhilWeb Corp. yesterday said it has allocated P1 billion for the acquisition of small gaming firms, both here and abroad, to further accelerate the company’s growth.

PhilWeb chairman Roberto Ongpin told reporters the company is on the lookout for gaming companies in the region.

“We have cash today close to a billion… would like to use that money to buy profitable companies and therefore accelerate our growth even more,” Ongpin said.

“We only buy what makes sense for us to buy. There are many smaller gaming companies, there are also international (companies). I’m very keen, for example, on buying a small gaming company in the region,” Ongpin said but did not disclose details.

In the first quarter of the year, PhilWeb’s unaudited net income stood at P243 million, an increase of 40 percent from the same quarter in 2011.

Revenues hit P343 million, 25 percent more than the previous year.

For this year, Ongpin said PhilWeb is targeting a net income of P2 billion, which is more than double the P914 million net income last year.

“We believe Asia Pacific will be the engine of growth for PhilWeb in the medium term. (Year) 2012 has started auspiciously as we have just received a license and have started selling scratch cards in Cambodia, together with the mobile lottery license we received last year. We have made good inroads into Laos, Nepal, Sri Lanka and several other countries,” he said.

However, PhilWeb unit PhilWeb Asia Pacific’s (PWAP) main goal for 2012 is to contribute at least 20 percent of overall revenues and earnings to Philweb Corp. The company wants to maximize the financial results of operation from the scratch card business in Timor and Cambodia while maintaining its excellent corporate citizenship.

“We see an acceleration of our push to improve our business and hasten our launches in new countries. No doubt 2012 will be a year of continuous activity as we move forward with our aggressive growth plans in the Philippines and Asia-Pacific region,” Ongpin said.

This year, PWAP has set the launch of its scratch card business in Laos and Nepal; its gaming cages and slot clubs in Laos and Timor Leste and its mobile gaming in Timor Leste and Cambodia .

Dennis Valdes, president of PhilWeb, said that the company’s core business of providing services to the Philippine Amusement and Gaming Corp. in running the latter’s E-Games cafe network had turned in a particularly strong quarter.

Source:http://www.malaya.com.ph/~malayaco/index...quisitions
And a man, a man provides. And he does it even when he's not appreciated, or respected, or even loved. He simply bears up and he does it. Because he's a man.

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#32
(05-04-2012, 10:44 AM)RamblingMan Wrote: Philweb sets P1B for acquisitions

Published on Friday, 20 April 2012 03:00

Listed gaming firm PhilWeb Corp. yesterday said it has allocated P1 billion for the acquisition of small gaming firms, both here and abroad, to further accelerate the company’s growth.

PhilWeb chairman Roberto Ongpin told reporters the company is on the lookout for gaming companies in the region.

“We have cash today close to a billion… would like to use that money to buy profitable companies and therefore accelerate our growth even more,” Ongpin said.

“We only buy what makes sense for us to buy. There are many smaller gaming companies, there are also international (companies). I’m very keen, for example, on buying a small gaming company in the region,” Ongpin said but did not disclose details.

In the first quarter of the year, PhilWeb’s unaudited net income stood at P243 million, an increase of 40 percent from the same quarter in 2011.

Revenues hit P343 million, 25 percent more than the previous year.

For this year, Ongpin said PhilWeb is targeting a net income of P2 billion, which is more than double the P914 million net income last year.

“We believe Asia Pacific will be the engine of growth for PhilWeb in the medium term. (Year) 2012 has started auspiciously as we have just received a license and have started selling scratch cards in Cambodia, together with the mobile lottery license we received last year. We have made good inroads into Laos, Nepal, Sri Lanka and several other countries,” he said.

However, PhilWeb unit PhilWeb Asia Pacific’s (PWAP) main goal for 2012 is to contribute at least 20 percent of overall revenues and earnings to Philweb Corp. The company wants to maximize the financial results of operation from the scratch card business in Timor and Cambodia while maintaining its excellent corporate citizenship.

“We see an acceleration of our push to improve our business and hasten our launches in new countries. No doubt 2012 will be a year of continuous activity as we move forward with our aggressive growth plans in the Philippines and Asia-Pacific region,” Ongpin said.

This year, PWAP has set the launch of its scratch card business in Laos and Nepal; its gaming cages and slot clubs in Laos and Timor Leste and its mobile gaming in Timor Leste and Cambodia .

Dennis Valdes, president of PhilWeb, said that the company’s core business of providing services to the Philippine Amusement and Gaming Corp. in running the latter’s E-Games cafe network had turned in a particularly strong quarter.

Source:http://www.malaya.com.ph/~malayaco/index...quisitions

So this was the good news.. in fact, on a technical note, WEB's slowly approaching the resistance at 18 with good volume and momentum.. it is inevitable to expect a breakout soon once this resistance is broken.. Am I right Sir RM? Ongpin is definitely moving Smile
Magellan

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#33
Nothing is etched in stone, but for now, the odds of that happening are in our favor conquistador Magellan. Wink
And a man, a man provides. And he does it even when he's not appreciated, or respected, or even loved. He simply bears up and he does it. Because he's a man.

- Gus Fring
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#34
(05-04-2012, 01:42 PM)RamblingMan Wrote: Nothing is etched in stone, but for now, the odds of that happening are in our favor conquistador Magellan. Wink

Hahaha.. me encanta! thanks Master RM Smile keep rambling!
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#35
Sir RM, nawawalan tayo ng volume ah.. seems like market's no longer interested.. nalipasan na ba tayo ni Web? is this caused by the Bearish world market? or is it just waiting for another praise release?
Magellan

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#36
Nakikisabay sila sa market. WEB needs to correct a bit considering it regained its pre ex-date price. For those who bought for the dividends like myself, that's almost a net gain of 10-15% without doing anything.
And a man, a man provides. And he does it even when he's not appreciated, or respected, or even loved. He simply bears up and he does it. Because he's a man.

- Gus Fring
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#37
(05-08-2012, 11:37 AM)RamblingMan Wrote: Nakikisabay sila sa market. WEB needs to correct a bit considering it regained its pre ex-date price. For those who bought for the dividends like myself, that's almost net gain of 10-15% without doing anything.

Regarding the dividends, this is applicable for all stockholders up to May 4 right Sir RM? I bought it before the date din kasi. hehe
Magellan

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#38
(05-08-2012, 11:40 AM)Magellan Fetalino Wrote:
(05-08-2012, 11:37 AM)RamblingMan Wrote: Nakikisabay sila sa market. WEB needs to correct a bit considering it regained its pre ex-date price. For those who bought for the dividends like myself, that's almost net gain of 10-15% without doing anything.

Regarding the dividends, this is applicable for all stockholders up to May 4 right Sir RM? I bought it before the date din kasi. hehe

If you held a stock leading up to the ex-date, you can sell on the day of the ex-date itself and you would still be entitled to the dividend/s.
And a man, a man provides. And he does it even when he's not appreciated, or respected, or even loved. He simply bears up and he does it. Because he's a man.

- Gus Fring
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#39
(05-08-2012, 11:42 AM)RamblingMan Wrote:
(05-08-2012, 11:40 AM)Magellan Fetalino Wrote:
(05-08-2012, 11:37 AM)RamblingMan Wrote: Nakikisabay sila sa market. WEB needs to correct a bit considering it regained its pre ex-date price. For those who bought for the dividends like myself, that's almost net gain of 10-15% without doing anything.

Regarding the dividends, this is applicable for all stockholders up to May 4 right Sir RM? I bought it before the date din kasi. hehe

If you held a stock leading up to the ex-date, you can sell on the day of the ex-date itself and you would still be entitled to the dividend/s.

Yes. correct correct.. i have no experience regarding dividend plays whatsoever. anyway thanks Sir RM. You're helpful as always (+1 to rep!)
Magellan

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#40
Teka, naghawak ka ba ng WEB before April 30? Yun kasi yung ex-date. May 4 record date na, hindi na valid yun if you bought during or after April 30.
And a man, a man provides. And he does it even when he's not appreciated, or respected, or even loved. He simply bears up and he does it. Because he's a man.

- Gus Fring
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