San Miguel's Global Power Holdings Corporation arm shelves IPO

Sual Power Plant

The country’s biggest power producer SMC Global Power Holdings Corporation is expanding its operation for two new power facilities in southern Davao province and northern Bataan province.

Corporate news from the Business World Online.
"San Miguel’s power arm shelves IPO"

CONGLOMERATE San Miguel Corp.’s power generation arm has shelved a planned initial public offer (IPO) and will instead raise $700 million from the debt market for expansion, senior company officials said yesterday.

SMC Global Power Holdings Corp., the country’s biggest power producer, accounting for about a fifth of the Philippines’ total supply, is seeking funding for two new power facilities with a combined generation capacity of 600 megawatts (MW).

“It’s easier to raise money through borrowing,” said Ferdinand K. Constantino, San Miguel’s chief financial officer, in an interview at the conglomerate’s headquarters.

Volatility in financial markets, with the local stock market nearly erasing this year’s gains before recovering in recent days to climb about 7% this year has made it difficult for SMC Global to pursue its planned share sale.

San Miguel President Ramon S. Ang said the group was unlikely to go to the equity market for any fund raising for the rest of the year, adding a plan to sell more shares in San Miguel Pure Foods Co., Inc. was possible next year.

BUILDING CAPACITY
San Miguel was previously looking to raise as much as $700 million from a planned listing of SMC Global, which the group values at about $1.1 billion, before the end of this year.

SMC Global will build two 300-MW coal-fed plants in southern Davao province and northern Bataan province, with total project cost of $1.1 billion to $1.2 billion, Mr. Constantino said.
About 30% of funding for the projects will come from equity and the balance from debt, he said, without giving further details.

The two projects will increase SMC Global’s total installed capacity to 3,145 MW and are part of its long-term plan to boost capacity by an additional 3,000 MW.

San Miguel, which owns 27% of Manila Electric Co. (Meralco) has no immediate plans of selling more shares in the country’s biggest power utility, Mr. Ang said further.

In July, San Miguel sold a 5.7% stake in Meralco, raising $400 million for expansion plans.

Source: bworldonline

Ilijan Power Plant

Photo credits: sanmiguel

Are you looking forward to the IPO of SMC Global Power Holdings Corporation?
It's great to be part of this growing power corporation of San Miguel.


Investment Secrets Pinoy
Bo Sanchez "TrulyRichClub" Member

Philippine Conglomerate San Miguel Corporation plans to sell another 25% of Pure Foods

Breaking news from GMA News Online.
Philippines conglomerate San Miguel Corporation is planning to sell up to a quarter of the outstanding shares of its food unit San Miguel Pure Foods Co. Inc.

Source: GMANetwork
By ROSEMARIE FRANCISCO, Reuters September 12, 2013

Philippine conglomerate San Miguel Corp. is planning to sell up to a quarter of the outstanding shares of its food unit next year in a follow-on offer to raise funds for the group's expansion, company officials said on Wednesday. President Ramon Ang and chief financial officer Ferdinand Constantino told Reuters that San Miguel Pure Foods Co. Inc. was expected to end 2013 with double-digit revenue growth, up from 4 percent growth in the first half, boosted by the strength of the economy. Higher revenues should help San Miguel to sell an additional 25 percent stake in Pure Foods at a premium to market prices, Constantino said. San Miguel raised around $150 million last year when it sold a 15 percent stake in the food unit for P240 ($5.48) per share. "It should be higher, much higher than that. If we do it next year, it could command a good price," Constantino said, referring to the share price. Reuters calculations, based on current market prices, show San Miguel stands to raise at least P10 billion ($228 million) from the follow-on sale, which would cut its holding in Pure Foods to around 60 percent. San Miguel also expects its beer business to recover in the second half after flat sales in the first six months of the year due to the impact of a higher tax on tobacco and alcohol products. San Miguel Brewery is partly owned by Japan's Kirin Holdings. "We are very happy that the food group is doing very well," said Ang, who is the chief architect of the group's aggressive expansion in the last five years. The 120-year-old San Miguel has been investing heavily in heavy industries such as power, mining and infrastructure as it seeks faster growth after dominating the local market for food and drinks. Food and beverage combined comprised just about 26 percent of the group's revenue in 2012 from around 90 percent just three years earlier.

San Miguel is actively investing in industries such as power, mining and infrastructure in the last five years under the leadership of Ramon Ang.

Photo credits: sanmiguelpurefoods

Investment Secrets Pinoy
Bo Sanchez "TrulyRichClub" Member

Find and Invest in Your Passion, Invest in Your Compelling Future

A VIDEO worth watching. So wonderful you'll  never regret watching it. A great video on having a compelling future by Anthony Robbins.



Here are some notes:

Do not just survive but thrive in the most difficult economic environment you have.

Have the best perception of your future.

When you have a crisis, when you have no where to go, burn your boats.

When you have to make something happen that's when you find  breakthroughs.

It's not that you don't have stress but you learn how to use stress instead of stress to use us.

Crisis gives you an opportunity to revamp your life.

Have a compelling future.

Envision and believe a compelling future.

See as it is but not worse as it is and don't give up.

Make a declaration, i'm strong enough and i can find a way to make this thing happen.




Enjoy watching!

Be blessed and be a blessing.

Investment Secrets Pinoy
Bo Sanchez "Truly Rich Club" Member

10 Top Time-Saving Tech Tips and in Investment

"Everything risky requires a license.
Learning to drive,
Owning a gun,
Getting married.
Except technology."

 10 Top Time-Saving Tech Tips
By: David Pogue
Recorded: TED.com



1. The Web.
Tap Space to scroll down page.
Tap Shift+Space to scroll up.

2.Filling out forms.
Press Tab between boxes.
When there's a pop-up menu for your state or country, type the first initial repeatedly.

3. Bigger text:
Press + with the control key
Press - with the control key to get smaller again.

4. Smartphones:
Press Space bar twice to end a sentence (iPhone, Android, Windows phone, BalckBerry)
Adds a period, inserts one space, and capitalizes the next letter.

5. All Cellphones:
Tap the Call or Dial key to call up the last number dialed.
On a non-smartphone, opens a list of all recent numbers.

6. You can interrupt the voicemail message by pressing the carrier's interrupt key.
Verizon: *
AT$T,T-Mobile:#
Sprint: l   

7. Google Stunts
Define any word by simply typing the word "Define" and then the word you want to know.

8. Four Text Basics
Double-click to highlight a word.
Don't delete! Just type over it.
Double-click/drag to select in one-word chunks.
Triple-click to highlight a paragraph.

9.  Cameras
How to eliminate shutter lag completely:
Half-press the shutter button to pre-focus.

10. Presentations
Press the B key to black out the slide and B again to show the slide.
Or press the W key to white out the slide and W again to show the slide.

Source: TED.com

Just like in investing, there are also Time-Saving ways to go and have so much time to do other things. One of these Time-saving ways is having a mentor in whatever area of investment you are in. If you are in a particular investment right now, you can look for somebody, a successful one in that particular field to teach you and finally save time doing it all alone. A coach, a mentor, a teacher, if you are open and teachable.

"Be open. Don't be too intelligent."

If you're into Stock Market Investing and want to have a mentor to guide you in your journey, I highly recommend the TrulyRichClub of Bo Sanchez.

Join now!
You surely will save time and do the things you love to do.

Be blessed and be a blessing.

Jesse Cadelina
Truly Rich Club Member

Strategic Averaging Method (SAM)

Basically I learned buying stocks in the stock market from the company I worked with now.  The company offers us employees to buy shares of stocks at a discounted price per share.  So, without hesitation I bought some of the company's shares of stocks and became a part owner of the company.

From then, I've only learned of two ways to invest in the stock market: one is passive investing and the other is active stock trading.  Until such time I became a member of the Truly Rich Club and introduces a different way of investing.  I'm so blessed and thankful of the club which provides us members updates on stock market investments.  Until then, I know of the third way to invest which is the Strategic Averaging Method (SAM).  Strategic Averaging Method is in between passive investing and active stock trading.  This is a semi-passive investing.

There are rules to follow in strategic averaging method. First is, invest monthly for 20 years or more. Second, invest even when there's a crisis. Third, invest only in giants. Fourth, invest in many giants. Fifth, buy when the price is beneath the "Buy Below Price" and sell when the price is near "Target Price".


I got all this in the "Truly Rich Club".

For more information visit the Truly Rich Club website: TrulyRichClub.com