drbubb Posted March 3, 2023 Author Report Share Posted March 3, 2023 BREAKOUT LADDER ... update: Is ION Next? (now 0.64). RCI was first, and went to last. Link to comment Share on other sites More sharing options...
drbubb Posted June 5, 2023 Author Report Share Posted June 5, 2023 ANOTHER CHANCE? For a breakout Rally in RCI (P0.49), and ROX (P0.85) .. w/o Low: RCI VALUATION MATRIX ===== YE’21: YE’22: % chg.: 6.9.23 RCI : P1.29 : P0.65 :-49.6%: P0.49: BkVal.: P3.38: P3.37E -0.30%: P3.37E Pr/BV: 38.1%: 19.3% : ===== : 14.5% > low Price to Book! Sh.OS: 2195M: 2222M: +1.2%: 2222E MCap: 2.83B : 1.44B :- ==== : 1.09B ROX. : P1.04 : P0.77 : -26.0%: P0.85 : BkVal.: P3.31: P3.38 : -0.30%: P3.38E: Pr/BV: 31.4%: 22.8% : ==== : 25.1% : 356M* 370M: 274M : ==== : 303M :/ rci : 0.131 : 0.190: ==== : 0.278 : % RCI Mkt.Val % Pr. : 80.6% : 118.%: ==== : 173.% : ===>. % Pr.: rox/rci *ROX: RCI owns 23% (x1.55B.)=356M sh ==== Link to comment Share on other sites More sharing options...
drbubb Posted June 5, 2023 Author Report Share Posted June 5, 2023 ROX TRULY SUCKS! Look at the chart, then read the Report With such a strong MOVE UP in SUGAR prices, you might have expected a stronger result than the big losses that ROX goes on reporting ROX - Roxas Holdings, press release "RHI First Half Core Net Loss at PhP590M" Listed sugar and ethanol producer Roxas Holdings, Inc. (RHI; PSEi: ROX) today reported a Core Net Loss of PhP590Million for the first for the six months ended 31 March 2023, compared with its Core Net Loss of PhP496Million for the same period in 2022. Chairman Pedro E. Roxas stated that "the significant challenges confronting the business and the sugar industry have dealt heavy blows to RHI specifically in the sugar refinery operations of Central Azucarera Don Pedro, Inc. (CADPI). Amid the Government's move in February this year to import 440,000MT (metric tons) of refined sugar, in addition to the150,000MT earlier imported this Crop Year 2022-2023, it has been difficult for local sugar refineries to compete given the high prices of raw sugar feedstock and of outside fuel costs which have increased significantly in recent years. These costs eroded the white premium margin to entice local refineries to process and refine raw sugar." He added that, on the other hand, the ethanol plant under San Carlos Bioenergy, Inc. (SCBI) has seen marked improvements in operating yields as it continuously adopts programs to increase efficiency. Overall, the Group continues to explore means to operate the refinery viably and address its impending risks through partnerships with sugar mills and traders, and to implement programs across all units to significantly cut down on operating expenses. It likewise continues to study options to potentially generate cash from its unutilized land and other assets. Not only does the mgmt. suck. But they also seem to not give a d@mn about their sharehilders. The mgmt team should resign and/or let the company be taken over. Hard to believe that a Sugar grower and refiner has lost all linkage with rising Sugar prices. Seems like the Ethanol business was a bust since they got started there Link to comment Share on other sites More sharing options...
drbubb Posted June 5, 2023 Author Report Share Posted June 5, 2023 SELLING DOWN ROX - Roxas Holdings, Inc. C04328: Roxas Holdings clarification of news reports Source: Manila Bulletin (Online Edition) Subject of News Report: "URC buys CADP's idle sugar milling assets" Date of Publication: May 30, 2023 Clarification of News Report: "Universal Robina Corporation (URC), the food and beverage unit of the Gokongwei Group, is acquiring the idle sugar milling machinery and equipment of Central Azucarera Don Pedro Inc. (CADPI) for an undisclosed amount. ...." The Roxas Holdings, Inc. (RHI) Group, which includes its wholly- owned subsidiary, Central Azucarera Don Pedro, Inc. (CADPI), confirms that the above statements are fair and accurate. Consistent with earlier submissions, specifically in a clarification dated March 23, 2023 to the Exchange, RHI had disclosed that CADPI is selling the unutilized and idle equipment and machineries of the mill. The plan is for the Batangas operations to focus on its remaining sugar refinery operations, seeing that this has more potential for sustainable operations. The value of the milling assets stands at Php897 Million, and has been consistently tagged as "Asset Held for Sale" in RHI's latest Quarterly Reports (SEC Form 17Q) for the last two reporting periods. Compared with the total consolidated assets of RHI at Php14.1Billion as of March 31, 2023, such transaction will not breach the materiality threshold of the Exchange, and considering further that the mill operations of CADPI has been discontinued as early as December last year. == C02154: Roxas Holdings clarification of news reports - 1 Source: Inquirer.net Subject of News Report: "Roxas Holdings selling Batangas mill following shutdown" Date of Publication: Mar 23, 2023 Clarification of News Report: "MANILA, Philippines - Listed sugar and ethanol producer Roxas Holdings Inc. (RHI) is divesting a mothballed mill operated by subsidiary Central Azucarera Don Pedro Inc. (Cadpi) in Batangas province. RHI president and CEO Celso Dimarucut did not divulge details of the deal, such as the potential buyer, timeline and acquisition cost. He only said the Cadpi assets were classified as an 'asset for sale'. 'Discussions are currently underway with a potential buyer for the sale of this equipment,' said Dimarucut during the company's annual stockholders' meeting held virtually on Wednesday. RHI earlier disclosed the assets for sale represent Cadpi's assets from its milling operations, including machinery and equipment amounting to P897.3 million. 'Hopefully, we'll be able to announce soon the outcome of this discussion,' added Dimarucut. Last December, RHI arrived at a decision to permanently cease the raw sugar milling operations of Cadpi situated in Nasugbu town beginning crop year 2022-2023 and terminate the subsidiary's employees. . . . ." The Roxas Holdings, Inc. (RHI) Group, which includes its wholly- owned subsidiary, Central Azucarera Don Pedro, Inc. (CADPI), confirms that the above statements are fair and accurate. Link to comment Share on other sites More sharing options...
drbubb Posted June 14, 2023 Author Report Share Posted June 14, 2023 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). Link to comment Share on other sites More sharing options...
drbubb Posted August 10, 2023 Author Report Share Posted August 10, 2023 HIGHLIGHT, FY'2022, earnings of P 0.32 per share, from 6.13.23 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 Net Income was -P189 million which includes P87 million share in equity loss from its Roxas Holdings, Inc. (RHI) investment. *Note: RHI (ROX) reported a LOSS of (790.07M) 87 /790= 11%? Yet ROX equity 23%? (ROX B.V. is P 0.00) 1,548M shs x 23% = 356M shs Mkt.Val.: x P0.58 -0.07 = P 207M, only ( 17.2% of BV) Bk.Val.: x P3.38 = P 1,203M Link to comment Share on other sites More sharing options...
drbubb Posted August 26, 2023 Author Report Share Posted August 26, 2023 Updated Chart: RCI: 0.43, +0.01, ROX: 0.65 -0.17 w/Sugar: 24.89 Link to comment Share on other sites More sharing options...
drbubb Posted August 30, 2023 Author Report Share Posted August 30, 2023 DOWNTREND could be breaking... BIG Volume a sign of a Turn? RCI : w/ROX: 0.45 +0.02 on 2.3M shs The PER is just unbelievable - at just 1.73x. But the Income is from WRITING UP property values Maybe Mgmt is finally READY to do something about the severe mismatch between PRICE and BOOK VALUE RCI VALUATION MATRIX ===== YE’20: YE’21: YE’22: %chg: 8.31.23 RCI : P1.29: P0.65: P0.47: - 37.7%: P0.47: BkVal.: P3.38: P3.37: P3.78: +12.2%: P3.78E Pr/BV : 38.2%: 19.3%: 12.4%: ==== : 12.4% > Low Price to Book! Sh.OS 2195M 2222M: 2239M + 0.8%: 2250E MkCap.2.83B. 1.44B. 1.05B.: - 27.1%: 1.05B ROX : P1.81: P1.04: P0.77: - 26.0%: P0.70: x356M: 0.64B. 0.37B. 0.27B.: =====. 0.25B % RCI. : 22.8%: 25.7%: 25.7%: =====. 23.8% NonRX: 2.18B: 1.07B: 0.78B: =====. 0.80B PerSh. : P0.99: P0.48: P0.35: =====. P0.36 % BkV.: 29.4%: 14.2%: 9.2%: =====. 9.4% > relies on RCI assets Subtract ROX Mkt.Cap from RCI Mkt.Cap. and what is left is... The Reliance (as % of Book.Value) on RCI's other assets ROXAS AND COMPANY, INC. (RCI) INCOME SURGES ON STRONG REALTY AND INVESTMENT PROPERTY PERFORMANCE [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). Link to comment Share on other sites More sharing options...
drbubb Posted September 8, 2023 Author Report Share Posted September 8, 2023 Another chance for a breakout in RCI RCI : w/ROX: 10d: last: 0.475, +0.005, vol. 210,000 Link to comment Share on other sites More sharing options...
webmaster Posted March 15 Report Share Posted March 15 RCI: Last: P 1.43 + 0.01, PER: 5.95 ... 10d: 10d: === xx Link to comment Share on other sites More sharing options...
webmaster Posted March 23 Report Share Posted March 23 SUN SHINES at Last. Can the Rally last? RCI : Last: 2.02 -0.18, Range ( 0.415 to 2.84 ) === Is there sunshine in Roxas & Co.’s future? Leandro Leviste becomes largest individual shareholder with 7.55% stake Millennial bilyonaryo Leandro Leviste has secured a significant stake of 7.55% in Roxas and Company Inc., catapulting him into the position of the largest individual shareholder of the listed property holding firm. RCI’s stock price has witnessed a meteoric rise, surging over threefold in just a week. From a modest P0.59 per share on March 11, the price skyrocketed to a peak of P2.28 on March 19, before settling at P2.19. Speculation abounds that the surge is fueled by expectations of converting the company’s newly acquired properties into solar farms, further enhancing RCI’s potential. ADVERTISEMENT Based on Tuesday’s closing price, Leviste’s 188.89 million shares have a market value of P413.7 million. > https://bilyonaryo.com/2024/03/19/is-there-sunshine-in-roxas-co-s-future-leandro-leviste-becomes-largest-individual-shareholder-with-7-55-stake/business/ Link to comment Share on other sites More sharing options...
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