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HIVE Blockchain loses $236.4M (U.S.) in fiscal 2023 Canada StockWatch 9:08 AM Eastern Daylight Time Jun 30, 2023 Hive Blockchain Technologies Ltd (2) (TSX-V:Hive) Shares Issued 84,292,211 Last Close HIVE 6/29/2023 $6.14 Friday June 30 2023 - News Release Mr. Aydin Kilic reports HIVE ACHIEVES ANNUAL REVENUE ENDED MARCH 31, 2023 OF $106 MILLION WITH 2,332 BITCOIN ON THE BALANCE SHEET AND MINES 3,258 BITCOIN IN 2023 FISCAL YEAR Hive Blockchain Technologies Ltd. has released its results for the full year ended March 31, 2023 (all amounts in U.S. dollars, unless otherwise indicated). Revenue was $106.3 million this fiscal year, with a gross operating margin of $50.4 million, or a 47% operating margin on revenue. The Company's SG&A for the fiscal year ended March 31, 2023, was $13.2 million. Therefore, on a cash basis this corporate margin was positive. The Company grew its Bitcoin mining ASIC hashrate by 50% in this fiscal year, from 2.0 Exahash in March 2022 to 3.0 Exahash in March 2023. In this fiscal year, the Company mined 3,258 Bitcoin from ASICs and 3,503 Bitcoin equivalent when including digital assets mined from GPUs. Hive emerged through this period with 2,332 Bitcoin on the balance sheet as at March 31, 2023 worth $65.9 million. The Company notes these Bitcoin are unencumbered, unleveraged and were all mined through Hive's green energy focused operations. Aydin Kilic, President & CEO stated "I am proud of our teams' efforts navigating a challenging year in Bitcoin mining, where we saw the combined headwinds of continued increases in the Bitcoin difficulty, Bitcoin prices averaging 49% lower than last year and the Ethereum Merge to Proof-of-Stake. While this led to lower revenues and operating margins compared to last year, each quarter we still managed to realize a positive gross operating margin. Additionally, our gross operating margin each quarter exceeded our corporate SG&A and so the Company was able to maintain this positive corporate margin1 each quarter". The Company notes that there are significant non-cash charges recorded in the financials, which reflect the revaluation by management of the Company's operating assets, based on conservative guidance due to the Bitcoin volatility. The net loss reported of $236.4 million, includes $81.7 million of depreciation, additionally an impairment of $70.4 million was applied to equipment, and furthermore an impairment of $27.3 million was applied to deposits. We have disclosed the vast majority of these non-cash charges in previous quarters. In our fourth quarter of fiscal 2023, the company recorded a gain on the revaluation of its Bitcoin treasury in the amount of $9,616,399 and had the lowest impairments of the fiscal year. These non-cash charges are required to be recorded as assets relating to the Company's Bitcoin mining operations (even if still operational and in their useful economic life cycle) to reflect the lower profit margins in Bitcoin mining during a bear market. On a year over year basis, the net loss of $236.4 million is down from net income of $79.6 million a year earlier. Basic loss per share was at $2.85, whereas last year income per share was $1.02 during. Gross operating margin1 contracted to $50.4 million, from $162.4 million last year. On a year over year basis, the Company's revenue of $106.3 million is a 50% decrease from the prior year, as a result of the decrease in Bitcoin price and increase in difficulty. To summarize, these negative factors, most notably lower Bitcoin prices, led to large non-cash impairments totaling $182.0 million during the year, comprised of equipment and deposits on equipment impairments totalling $97.7 million, negative revaluation of digital currencies of $70.9, and unrealized loss on investments of $13.4 million. Of these non-cash impairments, the mark to market is the most volatile as we have seen over the past year as Bitcoin prices have increased close to 10% as of today since the end of the fiscal period just completed. Frank Holmes, Executive Chair concluded "We are also proud that during the year we were able to take significant steps forward in pivoting into the HPC business marketplace, with our 38,000 Nvidia GPUs, which have the capability to do AI workload. We have much to accomplish to utilize our full fleet of GPU cards, however we are very pleased that our beta project with only approximately 500 GPU cards generated $230,000 revenue this quarter." Fiscal Year 2023 Highlights: The Company's Consolidated Financial Statements and Management's Discussion and Analysis (MD&A) thereon for the three months and year ended March 31, 2023 will be accessible on SEDAR at www.sedar.com under Hive's profile and on the Company's website at www.Hiveblockchain.com. Fiscal 2023 Financial Review For the fiscal year ended March 31, 2023, revenue was $106.3 million, a decrease of approximately 50% from the prior year primarily due to the fall in the Bitcoin price and increase in the mining difficulty of Ethereum and Bitcoin resulting from continued growth in global mining operations. Gross operating margin1 during the year was $50.4 million, or 48% of revenue, compared to $163.9 million, or 76% of revenue, in fiscal 2022. Gross operating margin is directly impacted by digital currency prices and network difficulties as this impacts revenue from mining operations. The decrease is mainly attributed to the decrease in Bitcoin price and an increase in the Bitcoin network difficulty versus the prior year, combined with the Company not mining Ether since the merge on September 15, 2022. Net loss during fiscal 2023 was $236.4 million, or $2.85 loss per share, compared to a net income of $79.6 million, or $1.02 per share, in fiscal 2022. The significant reduction in results was driven primarily by much higher non-cash charges recorded in the current year mostly related to the depressed Bitcoin prices that were experienced during the year as well as an accelerated depreciation of our GPU and ASIC assets. Webcast Details Management will host a webcast on Friday, July 30, 2023 at 8:30 am Eastern Time to discuss the Company's financial results. Presenting on the webcast will be Frank Holmes, Executive Chairman, Aydin Kilic, President and CEO and Darcy Daubaras, Chief Financial Officer. Click here to register for the webcast. About Hive Blockchain Technologies Ltd. Hive Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company listed for trading on the TSX Venture Exchange with a sustainable green energy focus. Hive is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. Hive owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we endeavour to source green energy to mine digital assets such as Bitcoin on the cloud. Since the beginning of 2021, Hive has held in secure storage the majority of its treasury of ETH and BTC derived from mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of Bitcoin. Because Hive also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space. We seek Safe Harbor. Canjex Publishing Ltd. 2023

OTHER High Yield stocks. /TLT: 102.94 Update: Shlph: 14.50 (0.00), DELM: 8.95 (0.00), RFM: 3.10 (0.00) Sym. : Last : B.V. : % BV : PER : Div,: Yield : TLT. : 102.94 === : === : === : TYX: 3.86% SHLph 14.50: 17.93: 80.9%: 98.0: 1.00: 6.90% DELM: 8.95: 11.43 : 78.3%: 19.0 : 0.07: 0.80% >'22: $.017=0.67; 7.49% RFM. P3.10: 3.98: 77.9%: 12.0: 0.25: 8.14% ====

Phl REITs / Philippine REIT Stocks, 2023 updates. (pg.4) AREIT (32.05) / TLT (94.62) =33.9%, Mreit (11.96), RCR (4.70).. 2022: 2023: Ytd: 10d: AREIT-etc.. 2022: === RCR vs.TLT: F,V: Jul'22: YTD: 10d /TLT: Y.Curve -> S-Ltr: 10d: BL: M-Sh: US.Yield.Curve: 2yr: 4.86%, 10yr: 4.09%, 30yr: 4.20% at 8.31 REIT Dashboard, 8.31 REIT Dashboard, 11.30 4stk Areit: Mreit: RCR: Filrt: Last 29.85: 12.50: 4.65: 2.79: Div. P2.19: .984 : .391: .284 Yld: 7.33%:7.87%: 8.41%:10.2% 4Ave.= 8.45%, 6Ave=8.60% Ph10yr 6. ??%, 5yr: 6.??% ?? +VREIT : 1.68, .158, 9.63% (N/A +Ddmpr: 1.23, .101, 8.21% (N/A RXI 9?.??/ PSEI: 6,224: 1.56% TLT, : TYX = US,LT: Prem. $91.56, 45.13=-4.51: 3.94% prev.3.42% PHL Govt Bond Yields : 10yr.etc: yrEnd'22: 6.98% WkEnd Areit: Mreit: RCR : FILRT= AveDvPh.10yr TLT = US,Lt.: prem./ YE'22 35.40: 14.48: P5.85 : P5.50 : 6.52%v6.98% 100.7: 3.92%: WkEnd Areit: Mreit: RCR : FILRT=AveD.vPh.10yr TLT = US,Lt.: prem./ 6ave. 05.26: 33.65: 13.90: P5.76 : P4.30= 7.06% v 6.05% 101.1 : 3.97%: 3.09%, 7.16% 06.02: 33.50: 14.00: P5.70 : P4.21= 6.84% v 5.92% 102.0: 2.96%: 3.88% 7.20% 06.30: 34.70: 14.54: P5.80: P3.83= 6.89% v 6.49% 102.9: 3.86%: 3.03% 7.20% 07.28 : 33.00: 14.20: P5.32: P3.40= 7.43% v 6.53% 99.81: 4.03%: 3.40% 7.56% 08.04: 34.20: 13.90: P5.29: P3.38= 7.44% v 6.66% 96.53: 4.21%: 3.23% 7.57% ==== US.Yield.Curve : 2yr: 4.65%, 10yr: 3.76%, 30yr: 3.895% at 7.14 4xREITS vs.TLT: Jan'22: 8/'22: 10d / 6.30.23: 5.80 /102.94 = RCR ratio: 5.63% TLT, was 5.63% at 2.09

CHOSE FIVE Co's. from article: Barrons: Cm'l Reality, "Bargains Abound" Sym.: Company Name : Last : PER : Yield : 2yr. R : B.V. : PBV BXP : Boston Properties: 57.10: 11.5: 6.87%: 46-132: 38.36: 149.% CUZ : Cousins Props. : 22.65: 21.3: 5.65%: 18- 42: 30.32: 74.7% HIW : Highwoods Prop.: 23.86: 15.7: 8.38%: 20- 48: 23.27: 103.% PEAK: Healthpeak Prop.: 19.98: 20.1: 6.01%: 19- 38: 12.08: 165.% SPG : Simon Prop. Grp. : 114.67: 17.3: 6.45%: 89-170: $9.06: 12.7x === : BXP - All: === BXP : Boston Properties: 57.10: 11.5: 6.87%: 46-132 CUZ : Cousins Props. : 22.65: 21.3: 5.65%: 18- 42 HIW. : Highwoods Prop.: 23.86: 15.7: 8.38%: 20- 48 PEAK: Healthpeak Prop.: 19.98: 20.1: 6.01%: 19- 38 SPG : Simon Prop. Grp. : 114.67: 17.3: 6.45%: 89-170: ===

For Contrarians: The Market Hates Real Estate Stocks. It’s Time to Buy. Barron's Online. Bargains Abound in Commercial Real Estate. Where to Find Income and Growth. Published: June 30, 2023 Sym.: Company Name : Last : PER : Yield : 2yr. R : B.V. : PBV AMH: Amer.Homes 4 R. : 35.28: 40.2: 2.49%: 29 - 44 AVB : Avalonbay Comm.: 188.0: 25.8: 3.51%: 150-260 BXP : Boston Properties: 57.10: 11.5: 6.87%: 46-132 CBRE CBRE Group. : 80.30: 23.1: N/A. : 66-110 CUZ : Cousins Props. : 22.65: 21.3: 5.65%: 18- 42 DLR : Digital Realty Tr. : 111.88: 100.: 4.63%: 86-178 EQIX: Equinix Inc. : 777.0: 88.0: 1.76%: 792-880 EQR : Equity Residential: 65.42: 27.0: 4.05%: 55- 94 HIW. : Highwoods Prop.: 23.86: 15.7: 8.38%: 20- 48 FR. : First Ind. Realty. : 52.28: 18.3: 2.45%: 40- 67 KIM : Kimco Realty. : 19.70: 82.0: 4.67%: 10- 27 ONL : Orion Office Reit : $6.66: N/A: 6.01%: 5.3- 32 PEAK: Healthpeak Prop.: 19.98: 20.1: 6.01%: 19- 38 PLD : Prologis Inc. : 121.5: 37.5: 2.85%: 98-174 SLG : SL Green Realty. : 28.88: N/A. 11.3%: 20- 89 SPG : Simon Prop. Grp. : 114.67: 17.3: 6.45%: 89-170 WD. : Walker & Dunlop.: 80.71: 16.0: 3.12%: 60-155 === : Paul McDowell’s business has seen happier days. He runs Orion Office REIT, a real estate company that owns 81 office properties with an 88% occupancy rate. But hybrid work has hurt profits and demand for new offices. Since going public in late 2021, Orion’s stock is down 74%. “Being in the office sector is not necessarily the easiest place to be,” Orion’s (ticker: ONL) McDowell told a recent investing conference in New York, looking at his sparse audience. The great debate in real estate is whether the vacant office buildings in many cities will ever refill. Office vacancy has reached nearly 25% in cities like San Francisco and Chicago. Office real estate stocks are down 50% from pre-Covid highs, while the REIT sector has lost 9.5% in the past year against the S&P 500’s 14.5% gain. But offices are now just 3.4% of the $1 trillion public market for real estate investment trusts, or REITs. The broader REIT space isn’t as troubled. With valuations laid low, there are bargains amid the rubble. vv This feature is powered by text-to-speech technology. Want to see it on more articles? Give your feedback below or email product@barrons.com. A wave of private equity flooded into data centers over the past few years, aiming to profit off tech trends like cloud computing and corporate demand for connectivity. Courtesy Equinix Paul McDowell’s business has seen happier days. He runs Orion Office REIT, a real estate company that owns 81 office properties with an 88% occupancy rate. But hybrid work has hurt profits and demand for new offices. Since going public in late 2021, Orion’s stock is down 74%. “Being in the office sector is not necessarily the easiest place to be,” Orion’s (ticker: ONL) McDowell told a recent investing conference in New York, looking at his sparse audience. The great debate in real estate is whether the vacant office buildings in many cities will ever refill. Office vacancy has reached nearly 25% in cities like San Francisco and Chicago. Office real estate stocks are down 50% from pre-Covid highs, while the REIT sector has lost 9.5% in the past year against the S&P 500’s 14.5% gain. But offices are now just 3.4% of the $1 trillion public market for real estate investment trusts, or REITs. The broader REIT space isn’t as troubled. With valuations laid low, there are bargains amid the rubble. Some sectors are thriving, including warehouse/logistics properties and data centers. Apartment owners are enjoying healthy rental demand, as homebuyers stay sidelined by 6.5% mortgages with average monthly payments that have doubled to almost $3,000 since early 2022, according to Apollo Group chief economist Torsten Slok. FTSE EPRA Nareit USA S&P 500 2019 '20 '21 '22 '23 50 75 100 125 150 175 200 Even the office space offers opportunities. Some Sunbelt and suburban areas are seeing healthy occupancy and rents. Office REITs, while troubled, are now deeply discounted. Hybrid work may be here to stay, but corporations are pushing workers to return. Recent data show job postings for remote jobs have flattened. The selloff has delivered cheaper valuations and higher dividend yields. REITs, which must pay out almost all taxable profits as dividends, are yielding an average 4.1%, roughly double that of the S&P 500. After a large correction, REITs also look cheaper on measures of value such as the capitalization rate, or “cap rate”—which is like an earnings yield on rental properties. Cap rates now average nearly 7%, up from 5.5% before the pandemic, according to real estate analytics firm Green Street Advisors. > https://www.marketwatch.com/articles/commercial-real-estate-reits-income-growth-3c4c2c32?siteid=bigcharts&dist=bigcharts

NEWS : How Meaningful? SCMP Links: ExclusiveSaudi minister calls for people exchanges to enhance trade The property tycoon Ronnie Chan led a Hong Kong business delegation in a closed-door meeting with the Saudi investment minister in Riyadh The Saudi minister Khalid Al-Falih said he would like to visit mainland China and Hong Kong soon, his first visit to the region since 2019 14 Jun 2023 - 6:09PM ExclusiveHong Kong’s ‘moneymaking genes’ help it trump charmless Singapore: Ronnie Chan While some international cities that are well-equipped with hotels and airports are ‘artificial’ and ‘super boring’, Hong Kong is also ‘full of charm’, says Ronnie Chan Chi-chung of Hang Lung Properties. 3 Apr 2023 - 10:26AMvideocam Hong Kong should go to Middle East ‘if there is money to be made’: Hang Lung chief Hong Kong needs to look beyond the East and the West, and go anywhere “if there is money to be made”, including the Middle East, Hang Lung Properties Chairman Ronnie Chan says. 31 Jan 2023 - 9:25PMvideocam

COMPARISON with TLT, seems to clarify the main Trend & Breakout Points TLT vvv : /$103.44, VLL: 1.69 (1.63%), VREIT: 1.65 (1.60%), TLT vvv : ===

Update, 2023 / MEG.w/AGI: 0.152/=7.60%. MEG-2.00/ Mreit-14.76=13.6%. / TLT: 103.4=1.93%, AGI: 13.42, 6.27.23 5.03.: 0.182 /2.04=8.92%. MEG/ Mreit-14.70=13.9%, agi:12.66 from 8/15: 10d:

Cycle LOW just in? APX vs. UGL . 10d: Prev. 3.08: 1.83/ $53.71= 3.41%, 6/27: 2.52/ $58.53= 4.30% MARC / Marc Ventures, Last: 0.91. ( Range: 0.89 to 1.62 ) PX / Philex Mining, Last: 2.61. ( Range: 2.16 to 3.60 ) APX vs. etc

BONDS Awaiting breakout, as Inflation continues to ease: TLT: 103.33 +1.02 Range: 91.85 to 120.69 Viber comment: "Look closely at the Charts, friends... I see a possible Head & Shoulders on the 2yr US Treasury chart. A drop in US rates could help lower PHL rates... And that could Rates REIT share prices." Yield Curve: 2yr: 4.754% -TYX/ 30yr (3.821%) = Neg. 0.933% Head & Shoulders? on the 2-Yr Yield? Big drop next? TYX / 30Yr Yield (3.82%) vs. CRB (20.64)= R 18.5% ... update Ratio pinpoints turns: 38.21 /263.0= R:14.5%; 3.821%/20.64 = R:18.5%

Update: with ETH at $1,902 Est. x96.8%=$1,841 x53.2% (ie. -46.8, at 6.20.23)= $9.80 ETHE: $9.80/NAV: 21.37 Est., disc.to NAV: -46.8%E, 56.3% BITO. HIVE:$4.15 / BITO: $17.41 = R-23.8% HIVE: $4.15 +0.27, +6.96%. Range: 1.36 to 7.525 HIVE:$4.15 / BITO: $17.41 = R-23.8% HIVE ($4.15) to BTCUSD ($30,463): 0.0136% = 0.00014 ===

BONDS Awaiting breakout, as Inflation continues to ease: TLT: 103.33 +1.02 Range: 91.85 to 120.69 Viber comment: "Look closely at the Charts, friends... I see a possible Head & Shoulders on the 2yr US Treasury chart. A drop in US rates could help lower PHL rates... And that could Rates REIT share prices." Yield Curve: 2yr: 4.754% -TYX/ 30yr (3.821%) = Neg. 0.933% Head & Shoulders? on the 2-Yr Yield? Big drop next? TYX / 30Yr Yield (3.82%) vs. CRB (20.64)= R 18.5% ... update Ratio pinpoints turns: 38.21 /263.0= R:14.5%; 3.821%/20.64 = R:18.5%

I was just downloading THIS - in case you are interested too.. Next 12 Months Predictions Based on War and Economics Cycles | Dr. Nenner and Man in America. rom this great interview of Dr. Charles Nenner with @ManInAmerica you will learn the analysis of the following topics: 1️⃣How cycles work; 2️⃣Sunspot intensity; 3️⃣War cycles; 4️⃣US Dollar; 5️⃣Stock market; 6️⃣Inflation; 7️⃣Fed funds; 8️⃣Changing value of gold and silver; 9️⃣Long term and short term cycles; 🔟Next stage of humanity. ⏰ TIMESTAMPS 00.00 - Intro; 04:02 - How cycles work; 13:14 - War cycles; 23:19 - US dollar and crude oil; 27:17 - Dollar collapse is expected; 28:42 - Stock market; 30:26 - Fed funds; 31:50 - Gold and silver; 33:02 - Financial collapse; 38:43 - Changes for humanity; 42:13 - Inflation rates; 44:07 - Final thoughts. Video release date: March 16, 2023

HK10 / Hang Lung Group: All: 5yr: 2yr: 1yr: 10d / cc, hk101: xx ====. 1h’23: 1st H. : 2nd H. : 2022 : 2021 : HK: 10. Revs. : $5.5B? 5.61B : 5.33B : 10.94B : 10.92B: Op.prf 0.000k 3.93B: 3.35B : $7.28B: $7.40B: Earns : 0.000k 1.60B: 1.40B : $3.00B: $2.99B: Per sh. 0.000k $1.06: $0.94 : $ 2.00 : $ 1.90 : Divs. : $ 0.65 $0.65: $ 0.21 : $ 0.86 : $ 0.86 : Bk.Val: $68.0? $69.0: $68.2 : $68.20: $70.40:: ==== HK:101 Revs. : $5.2B? 5.30B: 5.04B : 10.35B : 10.32B: Op.prf: 0.000k 3.71B: 3.54B : $7.25B : $7.37B: Earns : 0.000k 2.11B: 2.09B : 4.20B : 4.37B : Per sh. 0.000k $0.43: $0.42 : $0.85 : $0.86 : Divs. : $ 0.60 $0.60: $ 0.18 : $0.78 : $0.78: Bk.Val: $29.5? $30.3: $29.6 : $29.60: $31.50: ====> Reports: '22, 1h'22: release end'july, rpt'sep Divs. 1h: 0.65, 2h: 0.21 Yr: 0.86 115k 74.75: 24.15 = 98.9k Divs. 1h: 0.60, 2h: 0.18 Yr: 0.78 5.k 3.00: 0.90 = 3.9k TTL: 77.75: 25.05 = 102.8k X7. : 542.5k. 175.4k= 717.9k /12 : 45.2k. 14.6k= 59.8k

BITCOIN FUTURES, ... and BITMEX Contract Details: XBTUSD* 28813.0 Bid / Offer: 28827.75/ 28828.37 Pricing Source. BitMEX Index Price 28827.75. 24H Volume. 912,689,500 USD Open Interest 200,051,300 USD Funding Rate 0.0056% In 3 hrs. 0.0056% ( x3 x365= 1,095) = 6.13% TUE close: BTC: $28,100 Bitcoin / BTC. wed: $29,000. Possible breakout underway to $34K or higher. Still holding HIVE and ETHE as proxies for BTC. Have already DOUBLED my money on investments in HIVE & ETHE since the beginning of the year TUE closes: BTC: $28,100, HIVE: 3.60, ETHE: 9.17, BITO: $15.79 Today looks like it will start with a Gap Up in the Crypto stocks NICE BASE! Bito-etc: ($15.79, 100%) since 6.19.22 - Are coming out of a very nice BASE ETHE ($9.17, 58.1%), HIVE ($3.60, 22.8%) have potential for much better gains!

Yesterday / Tuesday, showed another sharp drop. V-type rally needed ASAP Commodities Gold spot. : down 1.1% to $1,936.60. ( SLV / Silver - 4.0%) WTI futures. : down 1.8% to $70.50 Brent futures : down 0.8% to $75.51/bbl SLV / Silver (ETF) : 10d: $21.26, -$0.92, -4.15%; open: $22.42, Low: $21.17 AGQ-etc: $28.03 -8.1%, / SLV: 21.26: 131.8%, / UGL: $60.67: 46.2% (6.20.23) ... 10d: . . . was $30.50, / SLV: 22.18: 137.5%, / UGL: $60.67: 50.3% (6.16.23)

SIL versus SLV 5-yrs: SIL ($27.06) / SLV ($22.18) = Ratio: 122.0% down from 200%. , GDXJ ($37.18): 137.4% SIL RATIO chart, 5 yrs

ALI & MEG have lagged other Prop. shares Separating the Boys from the Men... when the big guys (like MEG and ALI) aren't doing so well, the shares of SHNG, CDC (Cityland), and ROCK are thriving. Why is that? SHNG has 3x PER and almost a 9% yield, ALI's PER is 18x Selective. Not all property shares are Rising... These figures may be useful is seeing why. Sym. : Last : B.V. : PER : Yield : SHNG P2.83: 8.43: 3.00: 8.82% CDC : P0.79: 1.94: 3.50: 3.73% ROCK P1.43: 4.16: 3.68: 3.76% ALI. : 24.45: 17.30: 18.20: 1.17% MEG : P1.96: 6.64: 4.25: 3.14% ALI chart: 2019... Last: 24.45 +0.20, O:24.15, H:24.75, L:23.95, Yr.Low: 22.35 ==

Ratio getting stretched - so I sold some MREIT MREIT vs. TLT (102.60), MEG. from 2022: Mreit-15.90 / MEG-1.96, R-8.11 MEG & ALI have lagged other Prop. shares Separating the Boys from the Men... when the big guys (like MEG and ALI) aren't doing so well, the shares of SHNG, CDC (Cityland), and ROCK are thriving. Why is that? SHNG has 3x PER and almost a 9% yield, ALI's PER is 18x Selective. Not all property shares are Rising... These figures may be useful is seeing why. Sym. : Last : B.V. : PER : Yield : SHNG P2.83: 8.43: 3.00: 8.82% CDC : P0.79: 1.94: 3.50: 3.73% ROCK P1.43: 4.16: 3.68: 3.76% ALI. : 24.45: 17.30: 18.20: 1.17% MEG : P1.96: 6.64: 4.25: 3.14% VAFM: VLL: 1.68, FLI: 0.71, MEG: 1.96 (8.02%) / ALI: 24.45; was MEG: 2.02 (7.35%) / ALI: 27.45, may5th

WTF? Possible Early warnings from Barrick Gold? Bottoms a day or more earlier?

LTG: Tobacco, Banking, Drinks, Property etc : Last: P 9.38 / B.V.: 18.38 = 51.0% LTG, ALL: 10yr: 5yr: 2yr: 10d/ P9.38

FB / San Miguel and two other brewers ... FB, BUD/ Anheizer Busch, HEINY / Heineken ... From 2020: P45.45, $55.62, $50.76 ETC: Add LTG ( Lucio Tan Group, ex. Tanduay) and holding co.: P9.38; 6.4% Yield, PER: 4.06 10 years: FB support at P42.5. BUD support at about $50

SOME GOOD NEWS for RCI, inside an Overall Operating Loss RCI - Roxas and Company, Inc. (C04569): Roxas and Company's hotel and coconut units post strong Q1... - 1 RCI's Hotel and Coconut units post strong Q1 2023 growth Anya Resort Tagaytay (ART), the luxury hotel of Roxas and Company, Inc. (RCI) grew Q1 revenue by 91% to P66 million compared to the same period last year on better than pre-pandemic occupancy and a 40% increase in corporate and social events. Roxaco-Asia Hospitality Corporation's (RAHC) Go Hotels sales of P51 million was lower by 2% due to longer holidays and preference for destination resorts. Roxas Sigma Agriventures, Inc. (RSAI) exported P67 million of coconut products, up 19% vs. first quarter 2022 on high coconut water concentrate orders. Roxaco Land Corporation (RLC) sales at P22 million was 90% below last year due to timing of 2023 raw land sales. RLC, RCI's realty company, is set to launch Anya Phase 3 after its sold-out Phase 1 and 2. The new development offers an exclusive community of villas at the existing Anya enclave. Set in a lush, tropical, park-like setting with the understated elegance reminiscent of old Baguio, Anya villas target primary homes for end-users, family vacation retreats, and investment property assets. Q1 2023 Group consolidated revenues at P212 million was 42% lower than 2022 mostly from the delayed sale of real estate. The resulting P64 million gross profit was lower compared to last year but operating expense decreased by 24% during the same period due to prudent spending. Net Income was -P189 million which includes P87 million share in equity loss from its Roxas Holdings, Inc. (RHI) investment. Extended recovery in 2022 In a regulatory filing, RCI's consolidated full year top line dipped 18% to P786 million vs. 2021 due to the transition of Go Hotels from quarantine to regular guests and fewer arrival of Chinese clients. Anya Tagaytay's revenue rose 167% to P225 million on revenge travel after the lifting of travel and health restrictions. RSAI's production and export sales were slowed by additional equipment repair and account rationalization, resulting to P298 million in asset impairment. - 2 Realty sold P237 million of raw land and restarted its house and lot projects after limited progress completion in 2020 and 2021. RCI's partner banks approved P1.6 billion of debt restructuring in support of the Group's post-Covid recovery plan. Anya Tagaytay received the 2022 World Luxury Resort Award and achieved its highest occupancy in December 2022. RCI booked P2.1 billion of unrealized fair value gains as the value of its Nasugbu, Batangas land bank continues to appreciate, driven largely by tollway and power infrastructure developments in the area. This offset the P184 million equity loss from its 23% interest in RHI. 2022 consolidated net income rose by 162% to P623 million compared to last year. RCI is staying the course on its strategy of diversifying sales and driving operational excellence while deleveraging to manage debt. 2.1B Unrealized GAINS > P 623M Cons. Net Income ( Previous Year notes): [May 18, 2022]-Manila Roxas and Company, Inc. (RCI) recorded full year Net Income of P238 million in 2021, reversing its P1.2 billion loss in 2020. 2021 Revenues doubled to P1 billion as real estate sales and higher budget hospitality room nights bucked the pandemic and offset lower coconut product exports. Gross profit grew more than seven-fold vs. 2020, absorbing higher operating expenses as various businesses started to recover from reduced local government restrictions as a result of rising Covid-19 vaccinations. The surging demand for staycation options and lower Taal volcano alert level boosted occupancy in its high-end Anya Hotel in Tagaytay. The Group’s investment properties rose for the fourth straight year with a P766 million appraisal gain in 2021 mainly on land appreciation from tollway and power infrastructure plans near its Nasugbu, Batangas landbank portfolio. This offset the P183 million equity loss from its minority shareholding in the First Pacific-controlled Roxas Holdings, Inc. (RHI).

IVQ: last: C$1.01 -0.07 Invesque's 6% debenture holders pass amendments 2023-05-23 18:11 ET - News Release Mr. Scott White reports INVESQUE INC. ANNOUNCES APPROVAL OF AMENDMENTS TO THE TERMS OF ITS 6.00 PER CENT 2018 CONVERTIBLE DEBENTURES DUE SEPTEMBER 30, 2023 Holders of Invesque Inc.'s 6.00-per-cent 2018 convertible debentures due Sept. 30, 2023, passed an extraordinary resolution approving certain amendments to the debentures at a meeting of debentureholders held today. The amendments to the debentures will result in: Increasing the underlying interest rate from 6.00 per cent to 8.75 per cent, effective Sept. 30, 2023; Decreasing the conversion price from $10.70 (U.S.) to $2.75 (U.S.) per share of Invesque; Extending the maturity date from Sept. 30, 2023, to Sept. 30, 2026; Redeeming, on a pro rata basis, $22-million* (U.S.) (representing approximately 46 per cent) of the principal amount of the debentures outstanding, plus accrued and unpaid interest thereon to, but excluding, the date of the redemption, which will occur on Sept. 30, 2023. The amendments were overwhelmingly approved by approximately 99.9 per cent of the principal amount of the debentures voted (either in person at the meeting or by proxy). *LATER: As previously announced, on September 26, the Company received debentureholder approval to pass an extraordinary resolution amending certain terms of its 8.75% Convertible Unsecured Subordinated Debentures due September 30, 2026 (the "Debentures"). On October 5, the Company redeemed US$4.8 million of the Debentures pursuant to the amendment.