Chelsea Logistics Holdings Corp.
#11
...may binili na naman si Dennis Uy

Dennis Uy-led Chelsea buys local logistics firm

Newly-listed Chelsea Logistics Holdings Corp. (CLC) has acquired 100 percent of local logistics firm Worklink Services Inc. (WSI), boosting its end-to-end transport services.

“WSI will augment our logistics and manpower businesses as well as create additional synergy within the group,” CLC president and chief executive officer Chryss Alfonsus Damuy said in a disclosure to the Philippine Stock Exchange on Thursday.

“The acquisition will prove even more valuable in steering CLC to greater heights by bringing in an experienced and competent management and staff, who have been in the logistics business for more than 20 years.”

Established in 1994, WSI provides courier, forwarding, trucking and logistics services, covering a wide range of merchandise goods such as documents, food, garments and industrial equipment.

The acquisition is seen in line with ongoing efforts to expand CLC’s operations and subsequently create more value for customers, investors, partner-communities and other stakeholders.

Of the fresh capital raised from its initial public offering, CLC has earmarked P1.78 billion for fleet expansion; P245 million for purchase and/or upgrade of ports, port facilities, containers, machineries and equipment; P3.2 billion for acquisition of other shipping and logistics firms; and P278 million for general corporate purposes.

“In every investment put into expanding our operations, we strive to ultimately provide better shipping and logistics services to Filipino businesses and consumers as well as create more jobs and support the economy’s growth,” Damuy said.


source: http://business.inquirer.net/240355/denn...stics-firm
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#12
Chelsea Logistics' profit quadrupled to P405.7 million

CHELSEA Logistics Holdings Corp. (CLC) pushed its earnings four times higher by the end of the third quarter, as its strategic investments continue to deliver while its operations expand further.

In a statement, CLC said it booked a net income of P405.7 million for the nine months ended September 30. “The amount settled 298 percent above the P102-million pro-forma combined earnings of subsidiaries in the same period of 2016,” it said.

“Our investments into better shipping and logistics continued to yield results and create more value for our investors, business partners and other stakeholders,” CLC President and CEO Chryss Alfonsus V. Damuy was quoted in the statement as saying.

The increase in the company’s net income reflects the P168.1 million recognized by the company as equity shares in the net income of Negros Navigation Co. Inc. and 2GO Group Inc., through its investments in Udenna Investments BV, according to CLC.

CLC generated total revenues of about P2.3 billion, which is 9 percent higher from the P2.11-billion combined revenues of its subsidiaries a year earlier.

Freight revenues amounted to P646.4 million, a 43-percent year-on-year increase largely from the commercial operations of MV Trans-Asia 12. The vessel only started plying the Manila-Cebu route in August last year.
Passage revenues also increased by 10 percent to P339.5 million, following an increase in the number of passengers.

Tugboats fees, meanwhile, rose by 15 percent to P192.7 million on the back of a 51-percent increase in port calls at Calaca Seaport (formerly Phoenix Petroterminals & Industrial Park), as well as the operations of Fortis Tugs Corp. in Keppel Batangas in the entire period.

Higher revenues from the company’s freight, passage and tugboat operations offset the 4-percent decline in charter fees to about P1.09 billion.

The decrease in charter fees primarily resulted from the change in the nature of agreements governing the chartering of M/T Great Diamond (formerly Chelsea Thelma) and M/T Great Princess(formerly Chelsea Donatela).
CLC entered into a bareboat charter with a Vietnam-based firm for M/T Great Diamond and M/T Great Princess effective November 2016 and March 2017. Both were previously under voyage charter, which requires the company to shoulder all costs but provide for higher revenues.

Bareboat charter yields lower revenues for ship owners because charterers shoulder all costs related to the operation of the vessels on a cost-plus basis. Such an arrangement, however, gives ship owners better and more stable gross margins.

Accordingly, the company trimmed its costs of sales and services by 5 percent to P1.48 billion, from P1.55 billion, following the commissioning of M/T Great Diamond and M/T Great Princess on a bareboat charter.

“As we continue to expand and improve our operations, we hope to sail further in providing better shipping and logistics services to customers, deliver more value to investors and business partners and contribute bigger to our growing economy,” Damuy said.

The shipping and logistics business of the Udenna Group started in 2006, with the acquisition of a tanker in support of the operations of the country’s leading independent and fastest-growing oil company, Phoenix Petroleum Philippines Inc.

Udenna has since grown its footprint in the shipping and logistics industry, owning the country’s largest tanker fleet in terms of capacity.

In March CLC acquired a 28.15-percent indirect economic interest in 2GO Group and subsequently took over its management.

It acquired two more companies—Starlite Ferries Inc. and Worklink Services Inc.—in November to reinforce its end-to-end shipping and logistics services.


source: https://businessmirror.com.ph/chelsea-lo...7-million/
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#13
...yung company nag-aaccumulate ng companies, dapat tayo din nag-aaccumulate ng shares nito Smile

Since start of buying spree, Chelsea Logistics fleet hits 5

CHELSEA Logistics Holdings Corp., a firm led by Davao businessman Dennis Uy, said it acquired a total of five vessels since July this year as part of its expansion plans after its initial public offering.

The company said the vessel acquisitions will increase capacity by 10 percent and should start to contribute to earnings as early as the last quarter of 2017. “The newly acquired vessels will bring us another step closer to fulfilling our commitment to growth in order to realize more value for our stakeholders, from the investors to the consumers,” Uy said in a statement.

In July its unit Trans-Asia Shipping Lines Inc., a cargo passenger company that plies between Cebu-Cagayan and Cebu-Butuan, acquired a 6,348  gross-registered-tons (GRT) cargo vessel named MV Orient Spirit.

The vessel, which has a capacity of 400 TEUs (twenty-foot equivalent units), will be in operation by the first quarter of 2018 and will ply the Manila-Cebu-Manila route. Last month, PNX-Chelsea Shipping Corp., a subsidiary of Chelsea Shipping Corp., acquired three vessels with a combined GRT of 15,811 that will serve the cargo-transport requirements of the 2GO Group. These vessels are now in commercial operations.

On the other hand, Fortis Tugs Corp., also a subsidiary of Chelsea Shipping, recently acquired a 125-GRT Japanese-built tugboat, MT Fortis VI, which will bolster its tugboat fleet used to maneuver tankers and other larger vessels. This tugboat will be operational by December and will bring the total tugboat fleet to nine.

The company recently acquired Starlite Ferries Inc., a roll-on, roll-off and passenger-ship operator in Batangas and other routes, to strengthen its position in Southern Luzon (Batangas) to northern Visayas (Calapan, Odiogan, Roxas) route.

Starlite owns and operates 14 vessels of various sizes, five of which were acquired from Japan and are brand new. Combined with 2GO’s 30-percent market share, the purchase expands Chelsea’s market share to 36 percent as of third quarter 2017.

“Shipping is a high-margin, high-return, capital-intensive business. What we are doing now is laying the foundation for a sustainable, cash-generative business by making these critical shipping investments in form of acquisitions of vessels and/or companies. This is complemented by the logistics business, which we expect to have the biggest growth potential,” company CEO Chryss Alfonsus V. Damuy said.

The Udenna Group of Uy ventured into shipping in 2006 through Chelsea Shipping Corp. to support the operations of Phoenix Petroleum Philippines Inc. It has since grown the business into the country’s biggest logistics group with the largest tanker fleet in terms of capacity.


source: https://businessmirror.com.ph/since-star...et-hits-5/
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#14
...ayos Tongue

Chelsea boosting 2GO stake to 40%

Chelsea Logistics Holdings Corp. (CLC) is set to increase its ownership in logistics giant 2GO Group Inc. to 40 percent.

CLC president and chief executive officer Chryss Damuy told reporters the firm is currently working on a tender offer to increase its stake in 2GO.

“We are looking to close it to 40 percent,” he said.

CLC, the shipping and logistics business of businessman Dennis Uy, has a 28.15 percent economic interest in 2GO following the acquisition made in March last year.

Damuy said increasing CLC’s ownership to 40 percent would make it the biggest shareholder in 2GO.

He said CLC is waiting for the Philippine Competition Commission’s  approval for the tender offer.

“Once we get their (PCC) nod, we will proceed with the tender offer,” he said.

Under the Securities Regulation Code, a tender offer is required when a person or group intends to acquire 35 percent of the outstanding voting shares or such outstanding voting shares are sufficient to gain control of the board in a public company in one or more transactions within a period of 12 months.

Apart from CLC, SM Investments Corp. also acquired a stake in 2GO last year after buying a 34.5 percent stake in 2GO’s parent firm Negros Navigation Co. Inc.

2GO is an integrated transport solutions provider, with three core business units.

In particular, the company is engaged in commercial and shipping needs through 2GO Freight, passenger ships through 2GO Travel; and logistics, distribution, warehousing, and inventory management through 2GO supply chain.

CLC, meanwhile, is engaged in the transport of passengers, cargo, petroleum, oil, chemicals and other bulk products.


source: http://www.philstar.com/business/2018/01...o-stake-40
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#15
(01-04-2018, 09:24 AM)Ollie Wrote: ...ayos Tongue

Chelsea boosting 2GO stake to 40%

Chelsea Logistics Holdings Corp. (CLC) is set to increase its ownership in logistics giant 2GO Group Inc. to 40 percent.

CLC president and chief executive officer Chryss Damuy told reporters the firm is currently working on a tender offer to increase its stake in 2GO.

“We are looking to close it to 40 percent,” he said.

CLC, the shipping and logistics business of businessman Dennis Uy, has a 28.15 percent economic interest in 2GO following the acquisition made in March last year.

Damuy said increasing CLC’s ownership to 40 percent would make it the biggest shareholder in 2GO.

He said CLC is waiting for the Philippine Competition Commission’s  approval for the tender offer.

“Once we get their (PCC) nod, we will proceed with the tender offer,” he said.

Under the Securities Regulation Code, a tender offer is required when a person or group intends to acquire 35 percent of the outstanding voting shares or such outstanding voting shares are sufficient to gain control of the board in a public company in one or more transactions within a period of 12 months.

Apart from CLC, SM Investments Corp. also acquired a stake in 2GO last year after buying a 34.5 percent stake in 2GO’s parent firm Negros Navigation Co. Inc.

2GO is an integrated transport solutions provider, with three core business units.

In particular, the company is engaged in commercial and shipping needs through 2GO Freight, passenger ships through 2GO Travel; and logistics, distribution, warehousing, and inventory management through 2GO supply chain.

CLC, meanwhile, is engaged in the transport of passengers, cargo, petroleum, oil, chemicals and other bulk products.


source: http://www.philstar.com/business/2018/01...o-stake-40

nagpa panic buying si DEnnis Uy. kaso lang matagal tagal pa bago maramdaman effect nyan sa bottomline ni CLC
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#16
Chelsea Logistics taps Japan’s Kegoya to build ships

CHELSEA Logistics Holdings Corp. (CLC) has tapped Japanese firm Kegoya Dock Co., Ltd. for the construction of a roll-on/roll-off (Ro-Ro) passenger ship, as the Philippine company ramps up its fleet expansion.

In a statement on Monday, CLC President and Chief Executive Officer Chryss Alfonsus V. Damuy said the contract with Kegoya Dock includes an option for additional three units to be delivered between 2019 and 2020.

The firm led by Davao-based businessman Dennis A. Uy said the Ro-Ro ship is designed specifically for the Philippine market.

The new ships are expected to modernize the company’s fleet and improve safety and reliability.

“Shipping and logistics business is a long-term business as it takes 2 years to 3 years to acquire new ships. However, once these new vessels are put into operation, they will deliver better cash flows for the Company as the brand new ships have very minimal downtime and very low maintenance costs,” Mr. Damuy was quoted as saying.

At present, CLC has 21 Ro-Ro and passenger vessels, aside from owning 15 tankers, eight tugboats and four cargo ships. Through the 2GO group, CLC has an additional 16 Ro-Ro and passenger vessels.

Last year, CLC acquired Batangas-based passenger and cargo operator Starlite Ferries, Inc. and its subsidiaries. Starlite and its units have 14 vessels, including five new Ro-Ro passenger vessels that were acquired in 2016 and 2017. It uses its Ro-Ro vessels at the ports of Batangas, Calapan, Puerto Galera, Roxas and Caticlan.

PNX-Chelsea Shipping Corp., a fully owned domestic subsidiary, secured three vessels, while another unit Trans-Asia Shipping Lines, Inc. also acquired a cargo vessel with a 700 twenty-foot equivalent unit capacity late last year.

In November 2017, the company had also fully acquired integrated logistics solutions provider Worklink Service, Inc.

“[With] the newly acquired vessels and tugs, and the newly built vessels which are soon to be delivered, [this] will bring Chelsea Logistics another step closer to fulfilling its commitment to growth in order to realize more value for our stakeholders, from the investors to the consumers,” Mr. Damuy said.


source: http://bworldonline.com/chelsea-logistic...ild-ships/
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#17
...full year profit report

CHELSEA LOGISTICS HOLDINGS CORP. REVENUES UP BY 140% TO P3.9B IN 2017

Chelsea Logistics Holdings Corp. (CLC), the continuously expanding shipping and logistics Company in the Philippines, generated P3.9B revenues for the full year 2017, a 140% growth from 2016. This was mainly attributable to the Company’s acquisition of a significant stake in 2Go Group, Inc., and also the acquisition of 100% ownership of Starlite Ferries, Inc. and Worklink Services, Inc. These acquisitions resulted to additional freight revenues of P1.3B, passage revenues of P0.8B, and P0.2B from logistics services.

Further, the revenues from tugs assistance services provided by the Company doubled to P263M in 2017 from P118M in 2016. This was a result of the acquisition of Davao Gulf Marine Services, Inc., which contributed P121M in total revenues.

President & CEO Chryss Alfonsus V. Damuy said, “With the capital raised from our initial public offering on 8 August 2017, we were able to significantly expand our businesses and operations. As a result of the acquisitions during the last quarter of the year, we were able to increase our market share not only in the shipping industry but covering the end-to-end supply chain solution of the logistics industry.”

In late 2017, CLC through its subsidiaries purchased four (4) more vessels and ordered more during the first quarter of 2018 with expected deliveries within the year. Further, during the first quarter of 2018, the Company signed a contract with Kegoya Shipyard for the construction of one (1) brand new RORO-Passenger Ship with an option to order for an additional three (3) units with delivery dates from 2019-2020.

“We expect the benefits of the acquisitions of these vessels to be reflected in the profitability of the Company beginning 2018,” added Mr. Damuy.

As of end 31 December 2017, CLC with its 75 strong fleet captures 33% of the route market share and 36% of the RoPax market based on gross registered tonnage (GRT). CLC remains the market leader at 14% in terms of tanker capacity by GRT.

During the same year, CLC acquired a significant stake in 2Go Group, Inc., the Philippines’ leading logistics provider, which offers comprehensive logistics and travel services under the brands – 2Go Travel, 2Go Freight, 2Go Express and 2Go Logistics. “We envision this move to pave way for us to be the prime mover of goods and passengers by continuously innovating to provide solutions that are relevant, sustainable and adaptive to a fast growing Philippine logistics and e-commerce industry,” said Mr. Damuy. To date, through 2Go Group, Inc., CLC reaches 3,300 delivery points in the country, while with Worklink Services, Inc., CLC is able to serve 59 provinces.

As a result the Company’s operations, the net profit grew by 22% to P161M in 2017 as compared to P137M in 2016, which included a one-time gain on bargain purchase amounting to P158M. Further, the tempered growth in the Company’s net profit was due to almost 100% increase in financings costs attributable to loans availed in proportion to the purchase of some of the new vessels.

“We will pursue our expansion strategies and find best ways to complement the current business operations with the Build Build Build program of the Duterte administration. We intend to participate in the development of the infrastructure facilities and systems in the country, which includes but not limited to airport and port development and operations and other related facilities,” said Mr. Damuy.

As of year ended 31 December 2017, the market capitalization of the Company, based on the closing price of PhP8.78 per share, was approximately P16.0 billion. During the same period, CLC’s earnings per share, total assets and equity stood at P0.12 per share, P26.4B and P13.2B, respectively.

ABOUT THE COMPANY 
Chelsea Logistics Holdings Corp. (CLC) is the fastest growing shipping and logistics company in the Philippines. Established on 26 August 2016, CLC was created to act as the holding company for of the shipping and logistics arm business segments of the Udenna Group of Companies. On August 8, 2017, the Company went public and its shares of stock were initially listed at the Philippine Stock Exchange (PSE). The Company is engaged in shipping and logistics businesses with key segments divided into: (i) Charter, (ii) Passage, (iii) Freight, and (iv) Tugboat services.

source: http://edge.pse.com.ph/openDiscViewer.do...NXcaS.dpbs
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#18
Wow that FB group is really HYPING $CLC.

If you haven't learned your lesson yet on what that group does to gullible newbies, then you deserve whatever comes your way.

At the end of the day, always do your own research before buying or selling.
Trading stocks is never a sure thing. Please do your own homework before pressing the button.

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#19
7-4

...now this will have an effect

Chelsea Logistics’ Trans-Asia deal voided by PCC

THE Philippine Competition Commission (PCC) voided Chelsea Logistics Holdings Corp.’s (CLC) acquisition of Trans-Asia Shipping Lines, Inc. for its failure to notify the antitrust body of the 2016 deal.

In its June 28 decision released on Tuesday, the PCC said the company consummated the Trans-Asia deal without securing the Commission’s approval, even though the size of the transaction fell under the compulsory notification threshold of P1 billion at that time.

The PCC also imposed a P22.8- million fine on CLC and its parent Udenna Corp. led by businessman Dennis A. Uy, as well as Trans-Asia.

The nullification of the Trans-Asia deal, however, paved the way for the PCC’s conditional clearance of Chelsea’s acquisition of KGLI-NM Holdings, Inc., which in turn controls 2Go Group.

“With the Trans-Asia agreements out of the picture because of the nullification order, the overlaps with 2Go in the 6 legs of passenger shipping services and 7 areas in cargo shipping services in Visayas and Mindanao found earlier in PCC Mergers and Acquisitions Office’s Statements of Concerns have been ruled out,” the PCC said in a statement.

The consummation of the two deals, according to the PCC, would have translated to “a substantial lessening of competition” in Roll-On, Roll-Off passenger shipping services in Cebu-Cagayan De Oro; Cagayan De Oro-Cebu; Cebu-Ozamis; Ozamis-Cebu, Cebu-Iligan; and Iligan-Cebu.

In a disclosure to the stock exchange yesterday, CLC said it is currently deciding if it will file a motion for reconsideration before the PCC or elevate the case to the Court of Appeals.

“Chelsea and the sellers are convinced that the Commission should reconsider what the parties consider an unfair decision. The twin voiding of the transaction and the penalty of P22.8 million is likewise unduly harsh in light of the ambiguity in the Commission’s own rules, the listed company said.

CLC insisted they were not required to notify the PCC of the deal since Trans-Asia’s net asset value (NAV) at the time of the sale was “way below” the P1-billion threshold.

“The parties argue that the basis for the P1 billion size of transaction threshold should be computed based on ‘net assets.’ Trans-Asia had debts on its books which brought down its NAV to not even half of the Commission’s P1-billion threshold,” the company added.

CLC further noted the PCC only released the guidelines, which stated the computation of merger notification thresholds should be based on gross assets, not net assets, in December 2017 or a year after the Trans-Asia deal.

“It will be recalled that the Commission early this year raised its own Size of Transaction threshold to P2 billion citing as reason that transactions below this amount will not likely raise competition issues,” CLC said.

Meanwhile, CLC President and Chief Executive Officer Chryss Alfonsus V. Damuy refuted the PCC’s claim there will be a thinning of market competition if the company acquires both 2Go and Trans-Asia.

“It is not possible. There are so many other players around and existing players on those routes,” Mr. Damuy said in a mobile message on Tuesday, noting there are four existing players in some of the cited routes such as the Cebu to Cagayan De Oro.

Should CLC still pursue the Trans-Asia deal, the PCC said the firm can notify the antitrust commission within 30 days from the execution of the merger or acquisition agreements involving any of its shares.

The PCC said if Udenna, CLC’s parent, or any of its subsidiaries or affiliates re-execute the voided transaction, the parties should notify the PCC “regardless of whether it is notifiable under the mandatory notification regime of the Philippine Competition Act.

“Every M&A (merger and acquisition) notification subjected to PCC review is evaluated in a fair and transparent manner with the public’s welfare as foremost concern. There are sanctions for violations, there are clearances when there are no competition concerns,” PCC Chairman Arsenio M. Balisacan was quoted as saying in a statement.


source: http://bworldonline.com/chelsea-logistic...ed-by-pcc/
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#20
8-8

...nice

CHELSEA LOGISTICS HOLDINGS CORP. EARNINGS UP BY 29% TO P360M IN FIRST HALF OF 2018

http://edge.pse.com.ph/openDiscViewer.do...gcjFh.dpbs
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