FGEN and other POWER Generators

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FGEN and other POWER Generators

MMM... Amazingly symmetrical ... Two Divs: June & Dec.

FGEN / First Gen Corp ... ALL: from 2012: 10d / 15.98, B.V: 34.57, PER: 4.71, Yield: 4.82%

Relative Value: to PSEI, MER, FGEN... from 2008: /Psei: 6,451, P309 (4.79%), 15.98 (0.25%)

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Update : 16.36 +0.14. PER: 4.11,  Yield: 4.71%

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FGEN WEEKLY

FGEN- ALL: last; 16.70 +0.40, +2.5%, PER: 4.2, Yield: 4.6%, (12 mo: 14.90 to 23.85 )

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Wow. Sold too soon. Haha...   FGEN 20.95 +1.15 +5.81%

New Target: P22.00?

Tender offer coming? First Gen ‘seriously’ looking at delisting with public float at critical point

First Gen (FGEN), led by bilyonaryo Piki Lopez, is reportedly exploring the possibility of going private, making it the next publicly-listed company considering delisting.

According to a Babbler , FGEN management is seriously contemplating this move, which would involve withdrawing the country’s largest independent renewable energy producer from public trading.

Piki spurns KKR tender offer, Lopezes to keep 69% FGEN stake intact

Babbler said a tender offer to minority investors has become especially more enticing after its stock price has tanked since hitting an all-time high of P33 in September 2021.

Notably, FGEN has jumped 25 percent over the last three weeks amid rumors of its delisting

. . .

Babbler said adding to the likelihood of delisting, FGEN’s public float has fallen perilously close to the minimum limit. This reduction occurred primarily due to the substantial increase in ownership by global investment group Kohlberg Kravis Roberts & Co. (KKR).

Takeover specialist KKR really, really likes First Gen; keen on joining Lopezes in boardroom

> https://bilyonaryo.com/2023/05/22/tender-offer-coming-first-gen-seriously-looking-at-delisting-with-public-float-at-critical-point/business/#gsc.tab=0

 

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Two "dividend" stocks compared:  3yr: from xx:  SHLPH (14.38 -0.44), FGEN (20.30):  70.8%

with RFM ( / 3.19) : SHLPH (14.38): r-4.51x, FGEN (20.30): r-6.36x

[webmaster]

3 Power Co: Ytd -vs TLT (89.00): AEV: 39.00, 43.8%, FGEN: 19.16, 21.5%, ACR: 0.51, 0.57%

4.11: TLT (90.22): AEV: 42.40, 46.8%, FGEN: 19.08, 21.1%, ACR: 0.54, 0.60%

Article on the Transformation of AEV : “We’re transitioning from a hundred-year-old man to a 25-year-old athlete.”

In 2021, at the peak of Covid-19, Aboitiz Equity sold a 25% stake in Aboitiz Power to JERA—a joint venture between Japan’s Tepco Fuel & Power and Chubu Electric Power—for $1.5 billion, paring its stake in the utility to 52% from 77%. “There should be no single business contributing more than 50%,” Sabin says.

Compare, ACR= MINDANAO POWER GENERATION...

ACR serves over 8 million individuals across 14 cities and 11 provinces in Mindanao.   It has a portfolio of four power facilities

with a combined capacity of 468 MW ( 6.29 B sh. x 0.54= P 3.4B = $ 60.7M/ 468= $129k /M-MW)

ACR /Alsons. 2019: 5yr: Ytd: 0.54 BV: 2.05 (R: 0.50-0.85 ) PE: 4.64 (eps=0.116),  Div 0.02 Yield: 3.70%

ACR : 2014: Last: 0.51

Credit Rating ( PRS Aa minus)

  

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PetroEnergy Resources, PERC, is 92% owned by a Filipino Nominee Co.

PERC.. ALL: P 4.40 / BV: 10.68= 41.2%, PER: 4.74, e's: 0.928, Div: 0.05, Yield: 1.14%

PERC currently has a 2.525% participating interest in the actively producing Etame Field and the following petroleum blocks in the Philippines: 16.67% in SC 6A – Octon, Northwest Palawan; 4.14% in SC 14C2 – West Linapacan; and 15% in SC 75 – Offshore Northwest Palawan.

In 2009, following the enactment of Republic Act No. 9513, otherwise known as the Renewable Energy Act of 2008, PERC amended its articles of incorporation to include among its purposes the business of generating power from renewable energy (RE) resources such as biomass, hydro, solar, wind, geothermal, ocean and such other renewable sources of power.

On March 31, 2010, PERC incorporated its now 90%-owned subsidiary, PetroGreen Energy Corporation (PGEC), to act as its renewable energy arm and holding company. PGEC ventured into RE development and power generation through its subsidiaries and affiliate: 65%-owned Maibarara Geothermal, Inc., which is the owner and developer of the 20 MW Maibarara Geothermal Power Project (MGPP-1) in Santo Tomas, Batangas and its expansion, the 12 MW MGPP-2; 56%-owned PetroSolar Corporation, which is the owner and developer of the 50MWDC Tarlac Solar Power Project in Tarlac City; and 40%-owned PetroWind Energy, Inc., which is the owner and developer of the 36 MW Nabas Wind Power Project in Nabas and Malay, Aklan.