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as part of my ongoing effort to minimize server load, threads with lengthy pages will be locked and new ones will replace them. old thread will still exist but will be locked.
locking Lepanto part 1 thread. . . . Creating LC Lepanto Part 2 Thread.
Old LC thread at:
http://www.financemanila.net/forum/view ... start=1547
1:7 stock rights offer
http://www.pse.com.ph/html/disclosure/p ... 348_LC.pdf
Lepanto eyes P1.04B from rights offer
Lepanto Consolidated Mining Co. is eyeing to raise P1.04 billion from a stock rights offer that will be used to retire debts and settle its other accounts.
In a disclosure to the stock exchange, the company said its board has approved a plan to offer shareholders one common stock for every seven shares held on a record date, which has yet to be fixed. The shares are priced at P0.25 each.
Lepanto said the offer will be made from its current unissued authorized capital.
Lepanto added that the offer dates will be announced after the stock exchange approves its listing application.
http://www.abs-cbnnews.com/storypage.as ... yID=109613
with rights offering, i don't see this going up soon. Up to .40 lang- if ever.
The only thing i can see going up is- Lolo's bank accounts; please proove me wrong..
SOR-ry, pero <SOR> sell on rally lang naaamoy ko dito.
Lepanto expected to turn around its financial performance last year with a projected net income of P200 million, compared with a net loss of P35.8 million in 2006.
http://www.philstar.com/index.php?Busin ... 2008021982
3 rights in 29 months.
aug 2005 850m php from 4.2b shares
july 05 636m php from 3.2b shares
feb 08 1b php from lord knows how many. perhaps 4,000,000,000 (4B again)
thats a total of almost 12B additional shares in less than 3 years.
effectively increasing shares from 28b to 32b for 2008,
and looking back, number of shares increased from 21B to 28B from 05 to 06.
putting things to perspective, from 05 to 08, increase from 21B to 32B shares. Thats virtually a LEGAL 50% re-ipo of the whole company again
so tell me, how can that go up?
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