MARKET HEADLINE: SHORT SELLING BY OCTOBER

LMG Chemicals Corp.
#1
BUSINESS PROFILE

LMG Chemicals Corporation (LMG) was incorporated on April 20, 1970 to primarily engage in the manufacture and distribution of industrial chemicals. LMG's main product is Technical Grade Sulfuric Acid, which is a basic industrial chemical used by various basic industries. LMG manufactures oleum from sulfuric acid and produces sulfur flakes from molten sulfur. The Company also produces chemically pure sulfuric acid products used largely by the battery manufacturing companies. LMG is a 73.93%-owned subsidiary of Chemical Industries of the Philippines, Inc.

On October 23, 2007, LMG transferred its acid plant and tank farm properties to wholly-owned subsidiaries, Chemphil Manufacturing Corp. (CMC) and LMG Land Development Corporation (LMGLDC), respectively, to consolidate the acid plant and tank farm operations into individual holding companies for better management and monitoring.

In August 2008, LMG sold its entire shareholdings in LMGLDC to Chemoil Energy Philippines, Inc. and Chemoil Fuel Philippines, Inc. LMG owns 100% of CMC and 60% of Kemwater Phil. Corporation (KPC).

In October 2009, the BOD of LMG declared LMG's investment in shares of CMC and KPC as property dividends. Two months after, a deed of assignment was executed to assign LMG's rights, titles and interest over the shares in CMC and KPC to the stockholders of LMG in proportion to their respective shareholdings.

Source: SEC Form 17-A (2010)


Attached Files Image(s)
   
Reply
#2
^^Thanks Mam Ruach!

Ayan, patay...binuhusan ng jock.. ahaha!
~In all your ways, acknowledge God.

Initializing Bazura Mode...
Reply
#3
ayan bumgsak na.. papasok ako try ko lang at 1.5 tingnan ko lang kung mahit
Trading stocks using technical analysis can be profitable if you understand the secrets that professional traders know.
http://ginhawaibibigay.blogspot.com/
http://www.facebook.com/#!/ginhawaibibigay

Reply
#4
selldown...hintay din ako
try ko din... sa liit ng float... either hindi volatile or madali i jocked.
Reply
#5
(12-27-2011, 11:52 AM)Luc23 Wrote: ^^Thanks Mam Ruach!

Ayan, patay...binuhusan ng jock.. ahaha!

Diba? Yan ang sinasabi ko kanina, na-excite kasi lahat mag bid up ng presyo.

Tapos correction, 10% na pala float nila pero hindi pa nilagay sa PSE. 2 people, a filipino and an indonesian hold 10% of the shares. I did leave my warning na kanina sa SYF thread, about the 2 mistakes people are making with LMG. Don't bid up, and don't entice an emotional spike by placing ask prices sa ceiling.
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
Reply
#6
sarap nito. cgurado up ito agd. hehehehe. kung mahit ako. o baka swerte na ung mga 1.71
Trading stocks using technical analysis can be profitable if you understand the secrets that professional traders know.
http://ginhawaibibigay.blogspot.com/
http://www.facebook.com/#!/ginhawaibibigay

Reply
#7
AYAN ANG AYW KO! NANGIWAN ANG MGA DUDES! ANO BA YAN! 20 CENTS NA LANG DI PA AKO BINIGYAN. MY GOODNESS
Trading stocks using technical analysis can be profitable if you understand the secrets that professional traders know.
http://ginhawaibibigay.blogspot.com/
http://www.facebook.com/#!/ginhawaibibigay

Reply
#8
Update on public float of PSE.

http://www.pse.com.ph/resource/disclosur...22_LMG.pdf

10% na float nito. Please don't be greedy especially newbies. There's at least 19 million shares na pwede pang i-dump ng Filipino at Indonesian national.
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
Reply
#9
ahaha, di ako nakapag dagdag sa mababa..
still holding my shares bought below 2..
tinulak na ni Tower ba yan...?
~In all your ways, acknowledge God.

Initializing Bazura Mode...
Reply
#10
ay. anu ba yan.... nag buy up na naman... wala talaga patience yung iba... kaya nasusunog
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)