SINO/SINOPHIL CORPORATION (09 aug 2014)

sino chart as of 08 aug 2014 

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SINO/SINOPHIL CORPORATION (14 jun 2014)

sino chart as of 13 jun 2014 

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SINO/SINOPHIL CORPORATION (29 may 2014)

sino chart as of 29 may 2014 

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SINO/SINOPHIL CORPORATION (20 may 2014)

sino chart as of 20 may 2014 

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just charts: SINO/SINOPHIL CORPORATION (13 may 2014)

sino chart as of 13 may 2014 

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in the news: bel, apc, sino (19 jun 2013)

Belle Corp. subsidiaries move to trim down losses

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Details

 

Category: Companies

Published on Tuesday, 18 June 2013 19:41

Written by VG Cabuag

Shareholders of Sinophil Corp. and APC Group Inc.—both subsidiaries of Belle Corp.—on Tuesday approved their capital restructuring measure by reducing the par value of their common shares to trim down their ballooning deficits.

Shareholders of APC, a company that has power generation and cement-manufacturing ventures, approved the par value reduction from P1 to P0.35 per share, while Sinophil will implement a cut from P1 to P0.25.

The said reduction will trim down the deficit of APC to just P2 billion from about P7.74 billion, according to Bernardo Lim, the company’s chief finance officer.

On the other hand, Sinophil’s deficit of P3 billion will be wiped out.

Belle owns 46.59 percent of APC and 44.06 percent in Sinophil.



read more here:

http://www.businessmirror.com.ph/index.php/en/business/companies/15179-belle-corp-subsidiaries-move-to-trim-down-losses

just charts: sino/sinophil corporation (22 may 2013)

sino chart as of 22 may 2013 

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note: sino asm - 18 june 2013

related posts on sino:

- stok tots: sino (17 may 2013)

- a stock pick for 2014 (27 apr 2013)

stok tots: bel (18 may 2013)

sino .. bel's affiiliate, just disclosed to the pse that it is restructuring its capital .. changing its par value from 1 peso to 25 centavos ....

pls refer to the following disclosures:

http://www.pse.com.ph/resource/disclosures/2013/pdf/dc2013-3835_SINO.pdf

http://www.pse.com.ph/resource/disclosures/2013/pdf/dc2013-4061_SINO.pdf

this follows a similar restructuring being undergone also by apc .. another bel affiliate .. which is reducing its par value from 1 peso to 35 centavos ...

i have posted already a few weeks ago my speculation on these 2 bel affiliates .. 

http://1kagemusha.blogspot.com/2013/04/my-stock-picks-for-coming-2014-27-apr.html

now it is just only a matter of time if we will be seeing any of these things come to pass ...

stok tots: sino (17 may 2013)

sino disclosed to the pse additional info on its bored's decision to reduce the par value of its shares from 1 peso to 25 centavos ... as follows:

the proposed Par Value Reduction will transfer Seventy-Five Centavos (P0.75) out of every One Peso (P1.00) in paid capital from the Capital Stock account to Additional Paid-In Capital. The resulting increased Additional PaidIn Capital balance may then be subsequently applied towards the reduction or elimination of the Corporation’s Deficit via a quasi-reorganization.

http://www.pse.com.ph/resource/disclosures/2013/pdf/dc2013-4061_SINO.pdf

it is estimated that the approval of the sec will be given around 5 august 2013 ... what sino will do after that .. is quite interesting to follow ...

the plot thickens ....

previous posts on sino:

-  stok tots: sino (10 may 2013)
- a stock pick for 2014 (27 apr 2013)

stok tots: sino (10 may 2013)

sino disclosed to the pse that it is reducing the par value of it shares from 1 peso to 25 centavos ..tho no reason was mentioned in the disclosure .. i guess this is a prelude to sino's restructuring ... the measure is up for approval during the 18 june 2013 stockholders meeting ..
http://www.pse.com.ph/resource/disclosures/2013/pdf/dc2013-3835_SINO.pdf

a stock pick for 2014 (27 apr 2013)

i just realised the other night that i may be overlooking certain stocks because of previous biases ...

well .. starting yesterday .. im beginning my opportunistic bored lot buying of bel ... way ahead of its casino's opening next year ... why so? well ... the price movement of its two affiliates the past few days drew my attention to bel and made me read on a little bit ...

as of 31 mar 2013 ... bel owns:

- 46.5933% of the apc group
- 44.0618% of sino

the apc group has had some price action the past months because of the rumour that it will be the listing vehicle of the sy family's power assets ...

sino on the other hand received some trading action the past week ...  i can only guess that sino may be a bakdoor vehicle for the bel casino ... considering that sino's past investments are in the gaming sector ...  

this may be far fetched and sooo long shot ... but im speculating that aside from its casino developnment, bel may receive additional attention as it may be seen as a proxy play for apc and sino ...

however, even if nothing comes out of apc and sino .. ill still have the casino as ongoing story which may continue to buoy bel's shares in the coming months up to next year


notes:

1. bel's 1Q 2013 net income as recently reported in the newspapers was 785 million ...
2. bels total outstanding shares is: 10.559 billlion shares
3. 1Q 2013 eps = 7.4344 centavos
4. assume 2013 eps = 7.4344 centavos x 4 = 29.7375 centavos
5. last trade price (26 april 2013) = 7.01 pesos
6. suntok sa buwan 2013 p/e = 7.01 / .297375 = 23.573 x