Skip to main content

MONEY: Philippine Stock Exchange Approved Cebu Pacific IPO

By Admin
Yes, you heard it right. After they announced their desire to hold their Initial Public Offering (IPO), Cebu Pacific Air Lines has finally got PSE’s approval. The said approval was done the PSE board directors last Wednesday. The listing of Cebu Pacific into the PSE bourse is tentatively set on May 4 this year.


Cebu Pacific Air, a unit of conglomerate JG Summit Holdings Inc will be offering 125.25 Million shares at the maximum price of 95 pesos.

Cebu Pacific Air’s primary targets were international investors but will also offer shares for the local ones. Funds that will be generated by the IPO will be used in their further expansion. Currently, with a fleet of 29 aircrafts, Cebu pacific is now serving 50 domestic and 21 international destinations. The numbers are expected to increase as the market for air travel is expected to grow in the coming years.

Cebu Pacific initially planned the IPO way back in 2008 but the unexpected economic downturn during that year prompted the company to postpone their plans. With the good economic signs showing up nowadays, it seems to be the most appropriate time to do their original plan.
Labels:

Comments

  1. AnonymousMarch 29, 2010 at 4:23 PM

    Gosh! I was researching the net and JGS Stocks are now a hot buy. trading at the local Philippine bourse as of 3/29/10 is P10.75 and at todays US dollar rate is .023558. The last trade of this stock in the OTC(US)exchange is .15 US cents and that was last Sept. 2009!

    ReplyDelete
  2. AnonymousMarch 29, 2010 at 7:13 PM

    can an ordinary individual join such? because i know someone of interest with this matter, however she's just a student.

    ReplyDelete
  3. AdminMarch 29, 2010 at 7:16 PM

    I think anybody can. I'm not sure if there's an age limit (i.e 18+)to the participation in stock trading. Please see www.pse.com.ph for the requirements.

    ReplyDelete
  4. MikeJune 4, 2010 at 8:32 PM

    What a great blog! So glad I found it. Thanks

    ReplyDelete
  5. DevidJune 15, 2010 at 6:13 PM

    Nice blog for foreign currency exchange, transfer money online. it's facilitate commercial foreign exchange and money exchange services to overseas.

    ReplyDelete
  6. AnonymousNovember 15, 2010 at 1:09 PM

    Where to get application for Cebu Pacific IPO?

    ReplyDelete
  7. AdminNovember 15, 2010 at 1:45 PM

    Cebu Pacific IPO is already done last month. Please contact Philippine Stock Exchange for more info.

    ReplyDelete

Post a Comment

Popular posts from this blog

SCAM: My First Scam Text This Year; 850000 Pesos from GMA Kapuso Foundation

By Admin
It's a brand new year for everyone, including local scammers. And despite all the efforts by PLDT and Globe Telecom to curb text message scammers, from time to time, they still creep out and show up in our inboxes. And as hard to believe as the messages of winning some great amounts of money is the fact that there are still people who believe them. I personally know someone and that scam text message triggered events that turn her life upside down. So my point is, we still need to be careful regarding these scam messages. The danger is real! So without further ado, here's the scam message I received a few days ago. On Sunday, January 7, 2018 at exactly 3:33PM (PH time), I received this message from a certain Atty. Jhon Acosta with phone number 09552962911 Congratulations! Ursim# Hadwon PHP850,000 From(GMA KAPUSO FOUNDATION) To Claim Send Ur (NAME/ADD/AGE) &Call Me Now Im Atty;JHON ACOSTA DTI#0391s2018 Thankyou,  Do Not Ever Reply Obviously, this is a
197 comments
Read more

4 Steps to Replace Stolen or Lost Passbook

By Admin
My passbook (inside my bag) was recently stolen inside a local grocery store, and I would like to share the steps I took to secure my account and get a new passbook.      By User:Aerous ", CC BY-SA 3.0 , Link The steps outlined here are for a BPI savings account, but generally, the procedure will be very similar to other banks in the Philippines. 1. Call the Bank to Secure Your Account The first and most crucial step you need to do immediately is to contact your bank by phone or personally report it to the branch where you opened the account. This action will ensure that funds will stay put. The bank will lock the account immediately. The big banks have 24/7 hotlines. For BPI, it's 889-100. You have to do this step ASAP after discovering the loss. 2. Go to the Branch to Ask for a Replacement of the Passbook It can mean a simple replacement of the lost passbook, but it can also mean closing the entire account and opening a new one for security purposes. 3. Get an Affidav
7 comments
Read more

How Much Does a MRI Scan Costs in the Philippines?

By Admin
My dad needs a Magnetic Resonance Imaging (MRI) scan for his prostate problem. I did a little research on how much does it cost to have one. Well, it depends on many factors, such as which body part is to be scanned. There's also this technique called "MRI with contrast," wherein the patient will be injected with a chemical to make the scan clearer. For your information, this technique of adding contrast is known as  Gadolinium Contrast Medium . It adds cost to the procedure, but with more clarity, the more you can trust the diagnosis. MRI Machine KasugaHuang , CC BY-SA 3.0 , Link So, in my father's case, we had a  Prostate MRI,  and I assume it was without contrast since he was never injected with the "contrast" chemicals. We got it in  i-Scan Healthcare Inc.  here in Quezon City. The cost is  13000 Pesos . Please take note that the amount was just for the scan, and a separate professional will read the result. Some laboratories offer this service (i.e
74 comments
Read more