Filinvest Development Corporation
#11
ganda ng closing price today Mam. Smile
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#12
(07-08-2011, 12:16 PM)abundance boy Wrote: ganda ng closing price today Mam. Smile

Bulls are fighting the bears. Big GrinBig GrinBig Grin

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#13
Nice, nag paparamdam na rin ito. Parang gusto ko bumisita sa mall nila bukas ah... ahaha!
~In all your ways, acknowledge God.

Initializing Bazura Mode...
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#14
greetings to all, want to share my analysis on FDC.
with the market hitting highs and almost all bluechips/2ndliners already fully valued (if not overvalued).. only a handful remains to be considered "safe" buys..

FDC is trading below book value of P7+/share and has lots of potential catalyst to make it move:
1) IPO of EastWest Bank
2) secondary offer before november 2011 deadline (due to its low float, the share prices can be pushed up way way higher before the offer to generate more interest on the stock)
3) FDC Utilities is getting aggressive on power assets
4) insider buying by ALG Holdings for the past few months of around 2m+ shares per month, and recently, Jess Alcordo, FDC Utilities President bought for himself 2m shares at ave of P5/share...
5) planned 23% stock dividend just waiting for the ex-date announcement, submitted to SEC for approval


below is my analysis on the NAV contribution of FDC.. just FLI/FAI alone is bigger than current FDC market cap..
[Image: FDCstructure.jpg]
[Image: FLINAVcolestimate.jpg]


saw the recently published study by COL on FLI..
thought of using the NAV estimates for FLI and compute it (work backwards) to arrive at NAV contribution to FDC...

FDC ownership on :

FLI 53.6% x P59.55B ......................................... P31.92B
FAI 80% (7.63B/20% = P38.15B) ......................... 30.52B
Total contribution to FDC NAV ............................ P62.44B
vs.
current marketcap of FDC .................................... P38B

so parang if you buy FDC now.. you are getting FLI palang without EWB and FDCUtilities...

*this must be the reason why Jess Alcordo bought 2m shares at P5+ last May.. and ALGHoldings keeps on buying more shares... isesecondary sa mga new investors at a much much higher price.. shhhhhhh...



SUMMARY:
Upside potential of 40% to reach book value, could be more if the float is increased allowing fundies participation..
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#15
ahmmm... di po ba sir sa July 14 na ang payable date ng cash div nito? so, it will go down on a bit Thurs *which is a buying opportunity*...?
~In all your ways, acknowledge God.

Initializing Bazura Mode...
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#16
Filinvest Devt H1 profit grows 26% to P2.4-B

MANILA, Philippines - Gotianun-led holding firm Filinvest Development Corp. (FDC) posted a 26% growth in its first-half net income to P2.38 billion on higher revenues from its property and banking units, and cost efficiency.

FDC said revenues for the first six months of 2011 reached P10.58 billion, 21% higher than the P8.7 billion recorded last year.

Real estate operations, consisting of condominium and lot sales, and mall and office rental income, accounted for P5.9 billion of revenues, up 51% from last year.

FDC's property arm, Filinvest Land Inc., announced 17 new projects and 24 additional phases for launching in 2011.

Meanwhile, FDC's banking operations under East West Bank contributed P4.15 billion to total revenues as it booked operating income of P3.4 billion, largely from lending.

FDC said effective management of costs also boosted its profits, with its operating expenses increasing by just 3% in the first half.


Source: abs-cbnnews.com

http://www.abs-cbnnews.com/business/07/1...s-26-p24-b
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#17
(07-11-2011, 11:21 PM)Luc23 Wrote: ahmmm... di po ba sir sa July 14 na ang payable date ng cash div nito? so, it will go down on a bit Thurs *which is a buying opportunity*...?

Pag ex-date yun applicable. Date payable is when FDC is going to pay the stockholders on record as of the cut-off date which is the ex-date last June 16, 2011.

To Hottips,

Thank you for sharing your FA. Smile
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#18
Filinvest to pursue P249-M top-up offer

FILINVEST Development Corp. (FDC) is issuing 49.8 million common shares as part of a postponed multibillion-peso equity top-up offering that will be undertaken in tranches.

FDC told the Philippine Stock Exchange (PSE) on Monday that it signed a subscription agreement with parent firm ALG Holdings Corp. covering the issuance of new shares priced at P5 each to raise a total of P249 million. The company said the shares will be paid on July 26.

FDC shares slid 1 percent to P4.95 each on Monday’s close.

The company earlier postponed the sale of at least 2.5 billion new shares plus overallotments early this year given unattractive valuations arising from volatile market conditions. 

In May, FDC president and chief executive officer Lourdes Yap said the company will proceed with the issuance, but this will now be implemented over several tranches so it can “optimize” the share price.

FDC is raising funds to finance its diversification into power generation and to meet the 10-percent minimum free-float requirement of the PSE by the end of the year. The company’s current public float stands at 7.7 percent.   

BusinessMirror calculations, however, showed that the issuance of 49.8 million shares would not be enough to meet the PSE rule.  

FDC said its venture into power will involve the construction of liquefied natural gas-fired power plants with a total capacity of 1,650 megawatts set to go online starting 2014.

The company recently reported that net income during the first half of 2011 rose by 26 percent to P2.38 billion compared with the same period last year, lifted by its core real estate and banking units. It said consolidated revenues during the period also increased 21 percent to P8.7 billion.


Source : businessmirror.com.ph

http://www.businessmirror.com.ph/home/co...p-up-offer
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#19
East West Bank eyes 300 branches in 3 years
By Ted P. Torres (The Philippine Star) Updated September 03, 2011 12:00 AM


http://www.philstar.com/Article.aspx?pu ... eId=723134
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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#20
EastWest eyes IPO next year
Published : Saturday, September 03, 2011 00:00

EASTWEST Banking Corp. said it plans to undertake an initial public offering (IPO) as early next year.

http://www.manilatimes.net/index.php/bu ... -next-year
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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