Changes coming soon!

As one saying goes "The only thing permanent is change", I am now planning some changes to my blog. It will no longer be specific to stocks alone but to other possible investment opportunities. I will be sharing my insights in building a solid financial foundation as i have learned from various seminars and friends. With this, i am changing the title of my blog and also the link soon. :)

DOWn Jones

As of writing, the DJIA is -209pts due to Euro concerns and unexpected rise in U.S. jobless claims. Will the U.S. economy crash again? I hope not, but if that happens, it would be great for us long term investors! :)

Just read my last post regarding some mining stocks and "IN" pa din sila. (PX, MA, LC now AT)

PD: -1.01% YTD

Go Green

Finally, a new all time high :) I now officially have a green portfolio for 2011 coming from a -17% performance months ago. Thanks to LC, hopefully this will bring us lots of earnings for this year. I read and heard a lot of comments regarding the voluntary trading halt for PX-MA-LC. They were saying that this would result to a la PLDT-DGTL deal since MVP's hands are all over the place. Also, a lot were still not able to move on with the recent SMC whatever :) But of course, one would only need to know the story behind it to know that it is actually good news for all the companies involved in the deal, thankfully it did not result to "sell on news". I think LC has a long way to go especially with GF (Goldfields) and PX's prospect into it.

Foreigns were net sellers today by 320M and they sold the following:
BPI 39M, MBT 32M, PNB 52M, AP 32M, EDC 73M, AC 20M, MEG 31M

But they bought the following:
SECB 18M, MWC 19M, SMC 17M, URC 45M, JGS 72M, CEB 27M

Today's BizNews:

• Global private equity firm CVC Capital buying 15% stake in RCBC
• SMC nets P7.14b in Q1, up by 146% year on year
• Ayala corp topped Financeasia's list of Best company in PH in CSR
•  Manila Water best mid-cap
•  Best CEO Erramon Aboitiz
•  Best CFO Iker Aboitiz
• PLDT topped Financeasia's survey of "best managed" Philippine companies, also #1 in corporate governance, investor relations,dividend policy
• URC sees international business growing as large as PH business by 2014
• Robinsons Land putting up 2 new office buildings in Ortigas CBD
• Asian stocks tumble after Wall Street sell-off
• Petron declares dividends
• ICTSI records profit hike
• ABS-CBN Q1 profits down 10%

*BizNews c/o PDI, Bworldonline, Philstar

PSEi Daily: -0.53%
   Mining :  3.5%
 Services : -1.62%

Portfolio Daily Performance: 2.79%
Bought and sold some LC

My Portfolio(core):
EDC: 8.18%
LC: 29.55%
MPI: 2.5%

YTD Performance: 0.9662%
2011 Low: -17.2%

2010 Performance: 49.09%

Quick Update

Foreigns were net sellers today by 560M and they sold the following:
BPI 48M, MBT 39M, EDC 22M, FGEN 30M, SMC 484M, DMC 43M, MPI 41M, LCB 28M, SCC 20M

But they bought the following:
URC 81M, JGS 23M, TEL 152M, ICT 27M,

PSEi Daily: 1.08%

Portfolio Daily Performance: -1.25%
No transactions today (Was not able to check -_- )
Yesterday no transactions
Last friday, sold all MBT @ 66.95 +7.02% and
sold most of EDC @ 6.71

My Portfolio(core):
EDC: 9%
LC: 24.39%
MPI: 2.5%

YTD: -2.18%
2011 Low: -17.2%
2010 Performance: 49.09%

SMC is back without a bang

What's hot and what's not? Mining and SMC. The Index was down big today, 1.15% and i guess we're lucky SMC is not a part of the index. A disclosure was released earlier that PX bought a 5%  stake in LC at .66/share. I think MVP would be gunning for more of LC later on. LC went up by 4.34% to close at .72/share. I read a part of the interview done on ANC with Ramon Ang of San Miguel and personally, i didn't like the way he answered the questions especially it's coming from one of the Biggies of San Miguel. Here's a part of the interview:

V: I’ll just go back to what you said in the past, that the offer price would be between P250...

A: 'Yun ang valuation, valuation na ginawa ng mga financial advisers is the share price valuation is about P200 to P250 per share. Kanya lang kami po sa San Miguel, gusto namin kung magbenta kami ng shares hindi po bababa kundi po, tataas para kumita ang mga kababayan natin

So why would he announce such a thing during that time and then impose a trading halt when the price started to descend? Instead of being able to cut loss slowly, a lot got stuck and then today, the price even dipped to 105 level. Now i think we all know how this company treat the small investors.

Full details here: http://www.abs-cbnnews.com/business/05/05/11/ang-san-miguels-share-sale-market-price-debts

PSEi Daily: -1.15%
My Portfolio DailyPerf: 0.26%
Daytraded some PX, bought at 17.1 - sold at 17.64
Bought MPI at 3.51
Added some more LC today at .70 and .72

My Portfolio:
EDC: 9.66%
MBT: 9.59%
LC: 13.89%
MPI: 0.57%

YTD: -5.19%
2011 Low: -17.2%
My2010Perf: 49.09%

Still Mining in May?

After the pullback of the mining sector last week, it rose back by 2.175% lead by PX, LC and NIKL. PX was up 2.74%, LC 6.15% and NIKL by 3.06%. The services sector however took a dip and went down by 1.12%.

Foreigns were net sellers today by 125M and they sold the following:
AP 47M, AC 23M, DMC 79M, MPI 23M, VLL 18M, LCB 19M, SCC 52M

But they bought the following:
EDC 15M, FGEN 18M, JGS 38M, SM 35M, ICT 32M, PX 24M

Today's BizNews:
SMC planning to buy more coal mines
VLL eyes projects for more provinces
BDO's net income rises 18% in Q1 NEW
Phoenix Petroleum eyes up to P5-billion notes to refinance debts, fund capex
DMCI unit pushes expansion of Calaca facility
*BizNews c/o PDI, Bworldonline, Philstar

Today's Portfolio Performance: 1.24%
Sold all DMC last week at 46. +20.43%
Added some LC today

My Portfolio:
EDC: 9.91%
MBT: 10.32%
LC: 10.14%

YTD: -5.9%
2011 Low: -17.2%
My2010Perf: 49.09%

Pullback

Profit taking day. Hopefully this will just be a shallow correction. PSEi went down by .6% today with the mining/oil sector dropping down by 3.85% lead by LC's decline by 10.45%. Foreign funds were net sellers today by as much 500M in value.

They sold the following:
PNB 17M,  AP 26M, FPH 20M, MPI 33M, CEB 52M, SCC 79M

But bought the following:
MBT 41M, EDC 30M, AGI 194M, DMC 85M, MEG 53M

Today's BIZNEWS:

• Henry Sy-led SMDC Q1 net profit up by 45% to P916.3m vs year ago; consolidated revenues up 70% to P3.4b

• Metro Pacific affiliate exercises option to swap P6.6b bonds into 2.03b new shares in MPIC, translating to a potential 10% dilution

• Alliance Food to conduct a stock rights offering to fund Spence&co purchase; trading suspended on PSE pending disclosure of addl info

*BizNews c/o D.Dumlao of PDI, PDI, Bworldonline, Philstar

MyDailyPerf: -1.75%

Sold all PX +4%, Added some LC

DMC: 22.13%
EDC: 7.77%
MBT: 10.43%
LC: -3.33%

YTD: -7.2%
2011 Low: -17.2%
My2010Perf: 49.09%