Thursday, October 1, 2015

stok tots: backdoors, rumours of backdoors, recent market movers (01 oct 2015)

in the midst of the current malaise and uncertainty in the local stock market, there are remarkable issues which have already given good returns to the brave ones venturing to trade ... id just like to put them on paper here for my cheat sheet  ...

1. yehey - On July 7, 2015, Vantage Equities, Inc. entered into a Share Purchase Agreement where an aggregate of One Hundred Eighty Six Million One Hundred Twenty One Thousand Seven Hundred Seventy One (186,121,771) common shares of the Company was sold to a group of buyers represented by Mr. Alfonso Yap Go, acting for himself and as attorney-in-fact of his co-buyers, for a consideration set provisionally at One Peso and Fifty Six Centavos (Php1.56) per share or a total consideration of about Two Hundred Ninety Million (Php290,000,000.00), subject to certain adjustments on or before the agreed closing date.

A Tender Offer from September 8 to October 6 was set for Ninety One Million Eight Hundred Seventy Eight Thousand Two Hundred Twenty Nine (91,878,229) shares @1.56 per share


Nothing yet on the plans of the new management for yehey ...


yehey reached 4.15 intraday  .. closing @3.56 


2. ionics - On September 4, it was disclosed that Ionics EMS, Inc., a subsidiary of the Company, is working with IBM as a key design partner to launch the IBM IoT Platform to enable organizations across industries to improve engagement with clients, accelerate technology innovation and enhance business operations...


since the disclosure ... ion shares surged from .485 to the recent intraday high of 4.18 .. now @3.53


a rumour on a possible agreement with the company leo novus was promptly denied by ion ...


3. lib - there was recent news that lib will have a possible joint venture with telstra .. it reached a high of 5 pesos intraday today ... closed unchanged @4.20


4. davin - rumours of davin being a possible backdoor target for lucio co's pharmaceutical business preceded the price action which woke up davin from its 1.20 sleep to a recent 52-week intraday high of 2.64 ... its presently doing 1.92  ...


5. med - did not find anything concrete that could have driven med from the .40s  to an iintraday high of .88 .. doing currently at .65