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Showing posts from November 24, 2019

Early Harvest for FRUIT and Floats

Photo by  Allie Smith  on  Unsplash IPO fans and traders today rejoice once again after the latest initial public offering in the Philippine stock market opened at 8% higher than the initial price. Fruitas seems to be a relief after the last two IPO which failed to make a good short term return at the open. Until today Axelum Resources, Inc. is still trading below their IPO price level and All Home Corp is near its initial price. Let's discuss a little bit of FRUIT's background. Fruitas Holdings, Inc. opened its first store at SM Manila last 2002 which then grew into more than 800 stores around the Philippines. It expanded to several brands including Buko Loco, De Original Jamaican Pattie Shop and Juice Bar, Juice Avenue, Johnn Lemon, Black Pearl, Buko Ni Fruitas, and Fruitas Ice Candy. In their IPO prospectus, the initial public offer proceeds will be used majority for expansions and acquisitions although some will be to pay up existing debts. I've seen several ...

Which Credit Card is Best For Me?

"credit card"   by  remundo  is licensed under  CC BY-SA 2.0  I've encountered several questions about credit card types and which is a good one. There are also lots of resources that can be found online regarding use and type of credit cards from different banks in partnership with commercial institutions. You can also find several negative experiences with the use of credit card if not treated properly as well as security breaches associated with card utilization. I summarized categories of credit cards below. Friend or Foe Credit cards is a friend to those handling their finances and those who practice budgeting religiously. It pays rewards in terms of points or rebates that give us extra for our expenses. There are also promotions and offers exclusive to holders of certain credit cards like free meals, hotel discounts, and travels. It also comes with a monthly billing statement which in a way you can track your monthly expenses. If used prope...