drbubb Posted November 15, 2020 Author Report Share Posted November 15, 2020 Sugar vs. DBA/Ags . update: 9.12.22: Sugar#11: 18.14 / DBA: 20.67= 87.8% WEAT/wheat: 8.81 (42.6%) RCI vs ROX ... YTD: 10d: 0.54 / 1.53= ratio 35.5% : 5-stks/ Updated end-June 2022 SUGAR vs PHL sugar producers ... UPDATE, June 2022 Sugar (18.33cts, 89% DBA-$20.66) vs. sugar producers: VMC: 2.79 (15.2%), ROX: 1.57 (8.56%), CAT: 10.08 (55.0%) Good moves in Sugar & Sugar shares In two weeks, from end of October, CAT rose from 11.60 to 22.80: +96.6% RCI-etc ... 4yr: YTD: from Apr2016: >4'20: Nov2019: Last: RCI: 1.21, ROX: 1.88 = 64.4%: Rox/R= 155% Sym: /Sugar: 11.13: YE’2019: % chg: Y.Low: % chg: PER : Yield% Sugar: 100.% : $14.96: 13.42: +11.5%: $9.21 : +62.4%:RCI. : 8.09%: P 1.21 : P2.17: - 44.2%: 1.10 : +10.0%: 15,2 : 0.00% : ROX : 12.6% : P 1.88 : P1.80 : +4.44%: 1.28 : +46.9%: N/ A : 0.00% : Rox/R: 155.% : % 155. : 82.9% : =====: 116.%: +33.6%:CAT. : 152.% : P22.80: 17.48 : +30.4%: 10.8 : +110.%: 72.3 : 0.00% : Cat/R 18.84x: 18.84x : 8.06x : ======: 9.85x: +800% : Watching these others go up, and thinking that RCI must follow soon, if they keep rising from Apr2016: w/VMC / Dec2018: Nov2019: Last: RCI: 1.21, ROX: 1.88 = 64.4%: Rox/R= 155% Dec2018: Nov2019: Last: RCI: 1.21, ROX: 1.88 = 64.4%: Rox/R= 155% === Link to comment Share on other sites More sharing options...
drbubb Posted January 6, 2021 Author Report Share Posted January 6, 2021 Sugar: $16.25, Dec.2019: Dec'18 ... 10d / RCI: 1.23, ROX: 1.64, CAT: 13.70, @ 1.06.2021 Sym:/ Sugar : 11.13: YrE’19: YE'20: Sugar: %chg.: 01.06 : Sugar Sugar: 100.%: $14.96: 13.42: 15.49: 100.%: +11.5%: 16.25 : 100.%: RCI. : 8.09%: P 1.21 : P2.17: P1.29: 8.33%: - 40.6%: 1.23 : 7.57%: ROX : 12.6% : P 1.88 : P1.80: P1.81: 11.7%:+0.56%: 1.63 : 10.0 %: Rox/R: 155.% : %155.: 82.9%: 140.% =====: =====: 133.%: =====: CAT. : 152.%: P22.8 : 17.48 : 14.64: 94.5%: -16.2%: 13.70 : 84.3%: Cat/R 18.84x: 18.8x : 8.06 x: 11.4x: =====: +40.8%: 11.3x : =====: Sym:/ Sugar : YrE’19: YE'20: Sugar: %chg.: 01.07 : Sugar Sugar: 100.%: $13.42: 15.49: 100.%: +11.5%: 15.66 : 100.%: RCI. : 16.2%: P 2.17 : P1.29: 8.33%: - 40.6%: 1.24 : 7.92%: ROX : 13.4% : P1.80 : P1.81: 11.7%: +0.56%: 1.65 : 10.5 %: Rox/R: ==== : 82.9%: 140.% =====: =====: 133.%: =====: CAT. : 130.%: 17.48 : 14.64: 94.5%: -16.2%: 13.98 : 89.3%: Cat/R: ==== : 8.06 x: 11.4x: =====: +40.8%: 11.3x : =====: update : https://i.imgur.com/QUZSWy3.gif Link to comment Share on other sites More sharing options...
drbubb Posted January 18, 2021 Author Report Share Posted January 18, 2021 update: Link to comment Share on other sites More sharing options...
drbubb Posted February 17, 2021 Author Report Share Posted February 17, 2021 RCI almost never falls below the current ratio to ROX : 66%, 2/3rds RCI: 1.15 / ROX: 1.74 = Ratio: 66.0% RCI-etc... from Apr.2018: w/Sugar: ... 1yr: 10d / ROX seems crazy-cheap relative to Sugar === Link to comment Share on other sites More sharing options...
drbubb Posted March 4, 2021 Author Report Share Posted March 4, 2021 Coiled spring? But recent "good news" did nothing RCI ... updated: 10d / Last: P 1.15 == Sta. Lucia bought a total of 37.4 hectares in Nasugbu, Batangas from Roxaco, a wholly-owned subsidiary of publicly-listed Roxas and Co., on 24 February 2021. READ: Roxas Group sells Batangas properties to SM, Sta Lucia The assets are located in Barangay Lumbangan (20.2 hectares) and Barangay Bilaran (17.2 hecatres) in Nasugbu. Roxaco did not disclose the transaction price. This is the second property deal between Robles and the Roxas-Elizalde group in the last 13 months. Sta. Lucia bought a 6.67-hectare beachfront properly in Nasugbu from Roxaco in January 2020. Roxaco planned to use the proceeds from the sale to pay off a portion of its debt and for its working capital needs. Roxaco is optimistic that with Sta. Lucia’s planned residential and commercial developments for the properties, its remaining properties in Nasugbu would have a “substantial increase in fair market value.” > https://bilyonaryo.com.ph/2021/02/27/37-4-hectares-in-nasugbu-sta-lucia-buys-more-batangas-properties-from-roxaco-land/ Roxas and Co. plans to further reduce debt in 2021 ... Peb 5, 2021 — “RCI's coconut processing subsidiary, Roxas-Sigma Agriventures, Inc., achieved double digit revenue growth for the third straight year and is ... Roxas and Company sells Batangas properties to NGCP Power Philippines News. on January 26, 2021 at Roxas and Company, Inc. (RCI), a firm mainly involved in property ventures, has formalized the sale of several of its properties in Batangas to the National Grid Corporation of the Philippines (NGCP). In a disclosure to the Philippine Stock Exchange, RCI said that the company and subsidiary Roxaco Land Corporation (RLC) have sold to the NGCP around 27,680 square meters of their land in Barangay Banilad in Nasugbu town for a total of Php49.8 million, exclusive of value-added taxes. RCI owned 15,577 sqm valued at Php28 million, while RLC possessed around 12,103 sqm, which was eventually purchased for Php21.8 million. The sale was approved by RCI’s board of directors last December 17, 2020. RCI sold the properties in a bid to reduce its overall debt, as well as to deleverage. NGCP, meanwhile, bought the land for its Tuy (Calaca)-Dasmariñas 500 kilovolt Transmission Line Project. The project would allow the grid firm to be more efficient in providing power to Nasugbu with electricity directly coming the coal-fired power plant in neighboring Calaca. In addition, the transmission line project “will be adjacent to properties of [NGCP] identified as a site for a future solar project.” . . . Asset sale slashed debt in half, ‘derisked’ business: Roxas Holdings ABS-CBN News Posted at Dec 18 2020 09:38 AM MANILA - The sale of Roxas group's assets was able to pay off half of its debt in a move to derisk its business, it said on Thursday. Its sugar and ethanol producer Roxas Holdings Inc. (RHI) sold off their sugar mill and ethanol plant in La Carlota City, Negros Occidental to Universal Robina Corp., which halved its net debt to P4.4 billion from P9.8 billion last year. Roxas Holdings completes sale of sugar milling plant, other assets to URC "The sale of these assets to significantly reduce our debt is part of our efforts to de-risk the business and focus on expanding our sugar refinery operations in Nasugbu, Batangas,” Roxas RHI Chairman Pedro Roxas said. Business refocusing led to non-recurring losses of P2.6 billion. This contributed to RHI's net loss of P3.8 billion from January to September from a narrower net loss of P1.9 billion in the same period last year. Challenges such as plant shutdown, rise in costs, slim margins, and the hampered operations on Taal Volcano eruption in January all contributed to the company's losses, said Celso Dimarucut, RHI executive vice president and chief financial officer. “Despite the prevailing uncertainties due to the pandemic, RHI is doing its best to fast track recovery and implement a wide-ranging transformation strategy to rebuild its sugar mill and refinery in Batangas, while boosting its alcohol business in Negros Occidental and strengthening its agri-business with more targeted programs to help farmers increase their yields,” he added. The group's Roxas and Company Inc. also approved the sale of over 27,000 square meters of its property in Banilad, Batangas to the National Grid Corporation of the Philippines for its Tuy-(Calaca)-Dasmariñas 500 kV Transmission Line project. Roxas & Co. restructures P2.6-b debt - Manila Standard Set 15, 2020 — Roxas and Co. Inc., the listed holding company of the Roxas Group, said it restructured P2.6 ... RCI has been selling some of its assets to repay debt. ... Link to comment Share on other sites More sharing options...
In a disclosure to the Philippine Stock Exchange, RCI said that the company and subsidiary Roxaco Land Corporation (RLC) have sold to the NGCP around 27,680 square meters of their land in Barangay Banilad in Nasugbu town for a total of Php49.8 million, exclusive of value-added taxes. RCI owned 15,577 sqm valued at Php28 million, while RLC possessed around 12,103 sqm, which was eventually purchased for Php21.8 million. The sale was approved by RCI’s board of directors last December 17, 2020. RCI sold the properties in a bid to reduce its overall debt, as well as to deleverage. NGCP, meanwhile, bought the land for its Tuy (Calaca)-Dasmariñas 500 kilovolt Transmission Line Project. The project would allow the grid firm to be more efficient in providing power to Nasugbu with electricity directly coming the coal-fired power plant in neighboring Calaca. In addition, the transmission line project “will be adjacent to properties of [NGCP] identified as a site for a future solar project.” . . . Asset sale slashed debt in half, ‘derisked’ business: Roxas Holdings ABS-CBN News Posted at Dec 18 2020 09:38 AM MANILA - The sale of Roxas group's assets was able to pay off half of its debt in a move to derisk its business, it said on Thursday. Its sugar and ethanol producer Roxas Holdings Inc. (RHI) sold off their sugar mill and ethanol plant in La Carlota City, Negros Occidental to Universal Robina Corp., which halved its net debt to P4.4 billion from P9.8 billion last year. Roxas Holdings completes sale of sugar milling plant, other assets to URC "The sale of these assets to significantly reduce our debt is part of our efforts to de-risk the business and focus on expanding our sugar refinery operations in Nasugbu, Batangas,” Roxas RHI Chairman Pedro Roxas said. Business refocusing led to non-recurring losses of P2.6 billion. This contributed to RHI's net loss of P3.8 billion from January to September from a narrower net loss of P1.9 billion in the same period last year. Challenges such as plant shutdown, rise in costs, slim margins, and the hampered operations on Taal Volcano eruption in January all contributed to the company's losses, said Celso Dimarucut, RHI executive vice president and chief financial officer. “Despite the prevailing uncertainties due to the pandemic, RHI is doing its best to fast track recovery and implement a wide-ranging transformation strategy to rebuild its sugar mill and refinery in Batangas, while boosting its alcohol business in Negros Occidental and strengthening its agri-business with more targeted programs to help farmers increase their yields,” he added. The group's Roxas and Company Inc. also approved the sale of over 27,000 square meters of its property in Banilad, Batangas to the National Grid Corporation of the Philippines for its Tuy-(Calaca)-Dasmariñas 500 kV Transmission Line project.
drbubb Posted March 4, 2021 Author Report Share Posted March 4, 2021 Weird POP & DROP in ROX price... on 5.58 million shares Chart: 6 mos / ROX : 1.62 -0.13, -7.43% / O: 1.74, H: 2.25, L: 1.59 The Roxas Group underwent a corporate reorganization in 2008 to separate its sugar and real estate businesses into two listed firms. RCI — the mother firm — focused on real estate, while Roxas Holdings, Inc. (RHI / ROX) focused on sugar. RCI eventually sold 31% of its stake in RHI to Manny Pangilinan’s First Pacific Co. Ltd. First Pacific currently controls RHI/ ROX with 62.89% ownership, followed by RCI with 20.56% ownership. Link to comment Share on other sites More sharing options...
drbubb Posted March 11, 2021 Author Report Share Posted March 11, 2021 Consumed by Debt restructuring? Chart : Neither RCI nor ROX has kept up with rising Sugar prices Link to comment Share on other sites More sharing options...
drbubb Posted April 29, 2021 Author Report Share Posted April 29, 2021 SUGAR CORRELATION, if there was one. seems completely Broken now SUGAR, vs. RCI, ROX, etc ... update:10d / RCI: 1.02 / Sugar: 17.16 = 5.94%, ROX: 1.45, 8.45% But RCI seems to have retained a correlation with PSEI: 1.02 / PSEI 6,488= 1.57% /100 Link to comment Share on other sites More sharing options...
drbubb Posted May 28, 2021 Author Report Share Posted May 28, 2021 update: w/rox: 1.06 +0,03, +2.91% Link to comment Share on other sites More sharing options...
drbubb Posted June 3, 2021 Author Report Share Posted June 3, 2021 RCI - etc ... update: 2021: 10d / Last: 1.06 / ROX: 1.70 = 70.9%, CAT: 13.44, Sugar: $17.70 == Link to comment Share on other sites More sharing options...
drbubb Posted June 29, 2021 Author Report Share Posted June 29, 2021 What? No reaction (yet) to Rising Sugar Prices? ROX & RCI vs Sugar (17.63 +0.32, +1.85%) ... Update: w/Psei: 10d/ ROX (1.46= 8.28%), RCI (1.05= 5.96%), === Link to comment Share on other sites More sharing options...
drbubb Posted August 16, 2021 Author Report Share Posted August 16, 2021 When will RCI, if ever, reflect the rising value of "its sugar assets"? RCI- etc ... update: 0.97 +0.01/ 1.40 +0.05 = 69.3%, /20.10 +0.56 = 4.83% ROX etc. 2016: update: w/CAT: Link to comment Share on other sites More sharing options...
drbubb Posted October 20, 2021 Author Report Share Posted October 20, 2021 Switch candidates? It is tough to take a loss, but maybe I can reduce the exposure to RCI, by shifting a portion of RCI's current value into one of these other "cheap" stocks: ROX, ION, or V. RCI -etc... 3yrW: YTD: 10d/ Last: 0.77, ROX: 1.26, ION: 0.84, V: 0.86 Some PHL shares under Book Value Sym: Company Last BkVal: EP : PE-R : RCI: RoxasCo.: 0.77: 3.38: -N/A: -N/A : ROX RoxasHld: 1.26: 3.76: -N/A: -N/A : ION: Ionics Cp.: 0.84: 3.01: 0.166 5.06x V. : Vantage : 0.86: 2.40: 0.101: 8.53x ==== Link to comment Share on other sites More sharing options...
drbubb Posted April 12, 2022 Author Report Share Posted April 12, 2022 ROX is now outperforming RCI RCI (0.58) versus ROX (1.38) : 5yr: 2yr: 1yr: from mid-2019: Ratio 42.0% from 4.10.2021: === Sym: Company Last BkVal: Pr/BV: EPS : shs.OS : RCI: Roxas Co.: 0.58: 3.38 : 00.0% -N/A: 2,195M : p1.273bn ROX RoxasHld: 1.38: 3.31 : 00.0% -N/A: 1,548M : p2.136bn 99.6m x 0.58= p 138m / 00% OF RCI MKTCAP ROX RoxasHld shares held by RCI - keeps falling Dec. 31, 2020 : 99,624,995 6.363% Dec. 31, 2018: 99,624,995 6.363% Sep. 30, 2017 : 318,341,705 20.347% Ownership structure of ROX: at 2013 =================== : Roxas and Company, Inc. 597,606,670 66.0% 318,358,910 35%Pesan Holdings, Inc. 49,614,887 5.45% 21,819,575 2.40%Mari Carmen Roxas Elizalde 2,204,688 0.24% 0 0%> https://www.roxascompany.com.ph/images/items/uploads/Additional information on sale of ROX shares amd buy-back of RCI shares .pdf Link to comment Share on other sites More sharing options...
drbubb Posted May 31, 2022 Author Report Share Posted May 31, 2022 RCI: still trying to move off the LOWS after a good earnings report RCI / Roxas & Co. Inc. ... Jan.2020: 6mo: 3mo: 10d / Last: 0.57 + 0.03 . Jan.2020: 6mo: 3mo: 10d / Last: 0.57 + 0.03 Though RCI has only a very limited exposure to Sugar, I like to show these charts together... RCI vs. ROX, CAT and Sugar : update: rci: 0.57, rox: 1.11 - Ratio: 51.4% ... cat: 11.00. sugar: 19.61 cents Radiant chart... update: Link to comment Share on other sites More sharing options...
drbubb Posted June 24, 2022 Author Report Share Posted June 24, 2022 CATCH-UP coming?: Seems like RCI should be doing some catch-up with ROX., now P 1.00 higher. But RCI's ownership may be down to something like just 10%, so they can move separately. ROX-rci ... 5yr: 3yr: 1yr: YTD: 10d / Last: RCI: 0.56 +0.03 +5.66%, ROX: 1.57 +0.03 +1.95% 3yr: 1yr: 5yr: 3yr: 1yr: YTD: Link to comment Share on other sites More sharing options...
drbubb Posted June 24, 2022 Author Report Share Posted June 24, 2022 SUGAR vs PHL sugar producers Sugar (18.33cts, 89% DBA-$20.66) vs. sugar producers: VMC: 2.79 (15.2%), ROX: 1.57 (8.56%), CAT: 10.08 (55.0%) RCI now has only a very limited exposure to Sugar - like a 10-20% stake in RCI. I still like to show these charts together... RCI vs. ROX, CAT and Sugar : 2020: 2018 / rci: 0.56, rox: 1.57 - Ratio: 35.7%, was 51.4% ... cat: 10.08. sugar: 18.33 cents 2018: Sugar vs. SLV, DBA : 10yr: 5yr: 4yr: 2yr 1yr: 6mo: 10d: Link to comment Share on other sites More sharing options...
drbubb Posted June 27, 2022 Author Report Share Posted June 27, 2022 RCI vs ROX ... YTD: 10d: 0.54 / 1.53= ratio 35.5% : 5-stks/ Updated end-June 2022 Roxas Holdings / ROX Update : Last P 1.53, +53% up from Yr.Low: 1.00 Roxas & Co / RCI Update : Last P 0.54, +12.5% up from Yr.Low: 0.48 Link to comment Share on other sites More sharing options...
drbubb Posted July 6, 2022 Author Report Share Posted July 6, 2022 UNRELATED shares, but I liked how this charted... RCI - etc... Update: Last: 0.54 / GDX: 26.96 = r-2.00% == Link to comment Share on other sites More sharing options...
drbubb Posted July 19, 2022 Author Report Share Posted July 19, 2022 YOU CANNOT SNEAK UP on a point like this, without leaving a signature on the Charts. ION-rci-etc. Cluster ... from 2018: 2019: 2021: YTD: update: 9.12.22 RCI at 0.60, with bids coming in... may be on the Launchpad. RCI .. YTD: -etc: 0.60 +0.02 from 2019: 2021: YTD: from 2018: 2019: 2021: YTD: from 2018: 2019: 2021: YTD: ION from 2019 : Last 0.83 +0.10, +13.7% >> updated: 0.61 at 9.9.2022 === Link to comment Share on other sites More sharing options...
drbubb Posted August 1, 2022 Author Report Share Posted August 1, 2022 Update : SUGAR vs Soft Commodities SUGAR vs. WEAT/ Wheat and DBA/ Agri Comms. ... from Dec2015: 2017: 5yr: 2yr: 1yr: 10d / cc : 17.54, $8.46, 20.19 Ratio: SUGAR to DBA: 17.54 / 20.19 = r- 86.8%. Using theirs: 0.1754 / $20.19= 0.869% Ratio: WHEAT to DBA: WEAT: 8.46 / 20.19 = r- 41.9%. Using theirs: 807.75 / $20.19= r-40.01 Link to comment Share on other sites More sharing options...
drbubb Posted September 12, 2022 Author Report Share Posted September 12, 2022 RCI breaking out maybe - Look at the Volume! RCI / Roxas &Co ... All: 10yr: 5yr: 2yr: Ytd: 10d / Last: 0.63 +0.03, vol. 8.7 Million shs. All: 10yr: 5yr: 2yr: Ytd: === Link to comment Share on other sites More sharing options...
drbubb Posted January 9, 2023 Author Report Share Posted January 9, 2023 2020, 2021 EARNINGS - and Q1-2022 RCI vs. ROX & Sugar . mid-'19: 6mo: NEGATIVE Correlation with Sugar prices since Mar.2020 covid RCI VALUATION MATRIX ===== YE’21 : YE’22 : % chg.: 1.9.23 RCI : P1.29 : P0.65 :-49.6%: P0.46: BkVal.: P3.38 : P3.37 :-0.30%: P3.37EPr/BV: 38.1%: 19.3% : ===== : 13.6% > low Price to Book! Sh.OS: 2195M: 2222M: +1.2%: 2222E MCap: 2.83B : 1.44B :- ==== : 1.02B ROX. : P1.81 : P1.04 : -42.5%: P0.72 : 356M* 664M: 370M : ===== : 256M : / rci : 0.294 : 0.167 : ===== : 0.115 : % Pr.: 22.8% : 25.6% : ===== : 25.0% : ==== *ROX: RCI owns 23% (x1.55B.)=356M sh ROXAS AND COMPANY, INC. in 2020, and PLANS FOR CALENDAR YEAR 2021 [February 4, 2021], Manila As Roxas and Company, Inc. (RCI) closed 2020 and enters a new calendar year, it will be enhancing its existing strategy of selling non-essential assets, reducing debt, and growing its core businesses. Over the past two years, the Roxas Group sold raw land to major property developers, Sta. Lucia Land, Inc. and SM Prime Holdings, Inc. as part of its strategy to deleverage and enhance the value of its Nasugbu, Batangas land bank. For the year 2020, the Roxas Group continued to implement this strategy notwithstanding the challenges it faced, including the Taal eruption, the global pandemic, and the recession. RCI and its subsidiaries successfully sold key non-performing assets to reduce its overall debt (including the sale of the land and building in Cubao at the beginning of the year and sale of raw land to NGCP for its Calaca-Nasugbu transmission line project). RCI also signed a Put Option Agreement for a maximum commitment of PhP800 Million as a fund-raising option, and re-structured existing loan agreements totaling PhP2.9 Billion to provide the Group with much-needed stability and working capital to maintain and grow its operations. The Roxas Group’s Metro Manila-based hospitality ventures continue to be important quarantine facilities (Go Hotels) as well as an off-city relaxation/staycation option (Anya Resort Tagaytay), given the challenges and restrictions related to travel. ROXAS AND COMPANY, INC. (RCI) RECOVERY PROGRAM ACCELERATES [November 15, 2021]-Manila In its Third Quarter 2021 SEC filing, RCI reported that consolidated YTD Sept 2021 revenues exceeded 2020 by 150%, with all of its subsidiaries beating year-ago performance. The strong top line growth was due to higher occupancy rate in its four GO Hotels, a surge in the volume of coconut cream sold, and the sale of real estate assets in Nasugbu,Batangas during the first quarter of the year. Net Loss was trimmed to P85.7M compared to the P1.2B Net Loss in the same period of 2020 due to aggressive new business acquisition and organic growth of existing customers, cost containment and restructuring in Covid and recession-affected units, lower equity loss from an affiliated company, and the recognition of a P175M one-time gain on transfer of a real estate asset. Its Anya Resort Tagaytay, which has reopened its doors to guests after LGU easing of extended restrictions on leisure travel, has rebounded with record bookings. Roxas and Company, Inc. (RCI) buoyed by strong Hospitality and Real Estate in Q1 2022 [May 23, 2022] Manila Roxas and Company Inc.’s (RCI) real estate and high-end hotel revenues beat targets, up 240% and 10% vs. Budget, respectively. Roxaco Land Corp. (RLC), a fully owned subsidiary of RCI, rode the market rebound and accelerated sale of raw land, housing estate units, and memorial plots. Despite the early year Covid-19 surge and Taal volcano activity, Anya Resort Tagaytay occupancy is up 4 percentage points vs. the same period last year and is 11-points better than full year 2021 due to higher room demand and patronage of its Samira restaurant and wellness offers. This offset the 7% decline in Go Hotel revenues as quarantine facilities were temporarily shut down to transition to regular guests and price pressure from post-pandemic competition. Coconut product exports declined by 4% vs. last year due to production delays. Raw nut purchase price rose sharply in 2022, exacerbating the steady upward trend since Q3 2020. Overall Group revenues at P363 million is 20% above Budget. Gross profit exceeded Budget by 60%. Lower spending from cost control and timing of expenses pushed Opex-to-Revenue to 26%, lower than the 30% Budget. The resulting Operating Income of P77 million represents a four-fold increase compares to phased plan. RCI booked a Net Income of P16 million before equity loss of P69 million from its 23% interest in Roxas Holdings Inc. (RHI). The equity loss was due mainly to the delayed turn-around program of the sugar operations which is expected to be finished in 2022. RCI is staying its strategic course of growing sales and embedding operational excellence while deleveraging to manage debt. xx Link to comment Share on other sites More sharing options...
drbubb Posted February 13, 2023 Author Report Share Posted February 13, 2023 RCI (0.53) vs. ROX (0.81), Sugar: 19.96 cents ... 4.02.22 : Ratio: 153% Roxas and Company RLC will launch new development projects Roxaco Land Corporation ("RLC"), a subsidiary of Roxas And Company, Inc. ("RCI") ushered 2023 with an aggressive expansion program in its real estate and hospitality units. RLC will launch land development projects in the Tagaytay to Nasugbu corridor, buoyed by strong demand and accelerating property prices. The town of Nasugbu, Batangas has been identified by large infrastructure groups as a prime destination and access point into Western Batangas from Metro Manila, attracting locators and home buyers. The planned extension of the CTBEX toll road and the emergence of the CBEX alternative route will substantially reduce travel time from Metro Manila to Nasugbu to just over an hour. RLC resumed land development and construction of sold units in its low cost and mid-market open lot and housing projects in Nasugbu. These were stalled during the pandemic but are back on track. In Tagaytay, plans are being finalized to launch the Anya Villa Project, a low density offer that targets the higher end segment of the property market. The success of the RLC-owned Anya Resort Tagaytay gave rise to a strong brand for boutique residential resort developments that can be replicated throughout the country's many prime tourist destinations. RLC is leveraging on the recovery of local travel and tourism, boosting occupancy levels in all of its budget hotels located in Metro Manila. Guests are returning and pushing bookings to near pre-pandemic levels. RLC is implementing phased renovations of its hotels as well as targetted marketing programs to strengthen its customer proposition. == ROX NEWS, 2.2.23 : Roxas Holdings press release == "RHI's 1st Quarter Core Net Loss at PhP198M" Listed sugar and ethanol producer Roxas Holdings, Inc. (RH!; PSEi: ROX) today reported a Core Net Loss of PhP198 million for the first quarter, compared with its Core Net Loss of PhP196 million for the same period in 2022. Chairman Pedro O. Roxas said that, "the Group usually shows a loss at the start of the fiscal year as there are very limited transactions for the period. While San Carlos Bioenergy, Inc.'s (SCBI) distillery operations started to stabilize in this quarter, Central Azucarera Don Pedro, Inc. (CADPI)'s refinery undertook its annual repairs and maintenance activities in November, after completing a short extended run to service its customers for the period." RHI President and CEO Celso T. Dimarucut stated, "while our 151 Quarter Core Net Loss was flat, gross profit improved at PhP32 million for the first quarter brought about by the higher production and sale of ethanol produced from the early start of SCBI's operations and its more efficient operations, as well as, an increase in the sale of refined sugar by CADPI. He also highlighted the efforts that the Group had undertaken in the past to improve its bottom line and to be more resilient to changing market conditions. "Despite the inherent challenges in the industry with the significant decrease in cane supply in Batangas and increased fuel costs over the years, the Group managed to de-risk the business as it completed its pivot to sugar refinery as a standalone business model in Batangas," Mr. Dimarucut explained. The Group expects that improvements in the bottom line shall be reported in succeeding periods as CADPI's refinery is poised to restart operations in the second quarter. It also continues its efforts to cut down on operating expenses and to potentially generate income from its unutilized land assets. Link to comment Share on other sites More sharing options...
drbubb Posted February 20, 2023 Author Report Share Posted February 20, 2023 SUDDEN WEAKNESS! Wow. RCI traded down to 0.45 ! -0.03 But bids are stacking up now at 0.45 - 0.46 Is someone trying to drive down the price?52 Week Range: 0.445 to 0.78 RCI : 0.4600 -0.02 (-4.17%), 920k #. Vol. BID : OFFER Vol. # 4 140K, 0.460 : 0.480, 50K, 1 5 850K, 0.455 : 0.485, 50k, 2 13 1540K, 0.450 : 0.490, 100K, 1 RCI / Roxas & Co. ... Jul'22: RCI-Sugar: w/CAT: 10d: 0.46 RCI-Sugar: RCI-SugarCat'Apr-20: w/CAT'Apr'22: RCI-SugarCat'Apr-20: w/CAT'Apr'22: === Link to comment Share on other sites More sharing options...
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