Skip to main content

Coconut in a Not So Giant Nut - My First PSEAsy IPO

niyog
"niyog" by foCusRinG is licensed under CC BY-SA 2.0 

It was my first time using the platform of PSE for LSI or local small investors, PSE EASy, which stands for Philippine Stock Exchange Electronic Allocation system. 

For those who want to know more about IPO or Initial Public Offering in Philippines setup, I’ve written previous articles about it so you can check it out but it is based on old system of LSI wherein you need to manually fill up forms and maximum subscription per individual is 25K Pesos.

The first IPO that was offered using PSEASy is KPPI, Kepwealth Property Philippines, Inc. A property leasing and investment company primarily based in Cebu. Unfortunately, I don’t have funds to try the platform for the first time but I already registered and linked by broker to my PSEASy. KPPI had a good listing day followed by another sets of ceilings. 

For the second IPO of the year, I was able to subscribe and was given allocation.  Maximum LSI subsciption which started since IPO of Shell Philippines is 100K.

Based on the propectus,  Axelum Resources Corp. or AXLM valuation is  price to earnings ratio of 20x which is at the same level with similar industry.  The size of the IPO is 4 Billion and the final price, which was reduced twice, is 5 pesos per share. It was offered from September 24 to September 30, 2019. The listing day however is not much of a success dropping 16% lower than the IPO price before settling at closing of 4.69. 

The same day of listing, there was a press release of the company closing a deal with a skin care product producer. Will it recover the next day or in the near future? That remains to be seen. Goodluck to us!
Labels:

Comments

Post a Comment

Popular posts from this blog

HMO, Health Insurance, and Hybrid Medical Plan

The COVID-19 pandemic crisis may have few positive impact in our lives and one of those is awareness to health. Health is wealth as sickness can drain wealth or worst lead to untimely demise.Sickness can have a factor of protection and prevention which involves the topics of immunity, lifestyle, stress, environment, vitamins, diet, genes, and exercise. Due to vast origin and complex human nature we cannot escape facing illnesses at least few times in our lives.  When we got sick, we usually go through different stages. Diagnosis, wherein we go to a physician for checkup. In this stage there are also specialized equipment and tools necessary to determine the cause of our sickness. After proper diagnosis, the doctors would then recommend medicines or treatment procedures to cure our sickness until recovery. Each of the stages during diagnosis, treatment, and recovery requires substantial amount of money depending on the nature of illnesses. Oftentimes, it is difficult to face illness...
Post a Comment
Read more

Fire, Risk Mitigation, and Prevention

Photo by  Ricardo Gomez Angel  on  Unsplash March is being observed in the Philippines as fire prevention month based on Proclamation No 115-A and Proclamation number 360 in 1986. It is perfect time to discuss about causes, hazards, and dangers of fire.  Here are some short statistics from BFP, Bureau of Fire Protection: 15,545 average fire incidents every year 42 fire incidents every day 251 deaths every year due to fire incidents 848 fire related injuries every year P4.65 billion damages every year To counter these incidents we have: 145 fire stations in 81 provinces across the country 1,113 activated fire stations for a total of 1,489 municipalities 813 fire brigades with a total of 4,525 volunteer firefighters in the entire NCR According to BFP majority of fire incidents happens in residential areas which is a sad fact.  Your home is not only a safe refuge for your family, it also represents your hard work, achievements a...
Post a Comment
Read more

The Intelligent Investor by Benjamin Graham (Book Recommendation)

The Intelligent Investor by Benjamin Graham as my first read book for 2013 is a fusion of my interests in non fiction books and stocks. For the past 8 years of monitoring PSE, valuations were never been as high as the past year and early this year which should trigger better research and understanding "Mr. Market".Graham teaches strategies for both aggressive and defensive investors, balancing portfolio thru common stocks and bonds, cost averaging, reading and comparing financial statements which proves the comment of Warren Buffet "This is by far the best book on investing ever written."
Post a Comment
Read more