Daily Archives: September 6, 2011

Power Sector Review: Philex Petroleum Corporation

Posted on September 6, 2011 by research

Philex Mining Corporation (PX) has just received the word that its oil and gas exploration unit, Philex Petroleum Corporation, will list its shares publicly in the Philippine bourse on September 12, 2011, at the initial public offer price of P … Continue reading →

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COMPANY NEWS & DEVELOPMENTS: PHILEX MINING CORPORATION [PX]

Posted on September 6, 2011 by research

The Company’s August value of production reached php1.476B the bulk, php886M (60%) were accounted for by gold (11,518 oz @ $1,820/oz). Copper production totaled 3,236,979 lbs or php571M @ $4.17/lb. Silver contributed php19M on 10,971 oz worth $41.35/oz. Shipment to … Continue reading →

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COMPANY NEWS & DEVELOPMENTS: IP E-GAMES VENTURES, INC [EG]

Posted on September 6, 2011 by research

A Subscription Agreement with the owner of “CyBR” franchise in the country, Webworx Computer Technology Corporation, whereby EG subscribes to 60% of the latter’s outstanding capital stock was finalized. CyBR is an internet-café brand with a total of 25 branches … Continue reading →

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COMPANY NEWS & DEVELOPMENTS: LOPEZ HOLDINGS CORP [LPZ]

Posted on September 6, 2011 by research

The Company’s outstanding un-restructured obligations to-date has been substantially reduced to US$7.5M from a peak of US$650M in 2002 when it declared a standstill. On September 6, LPZ is due to pay holders of its Eurobond and LTCP’s the full … Continue reading →

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DAILY MARKET VIEW: TD 172, 06 September 2011

Posted on September 6, 2011 by research

Stocks trim gains, track global markets LOCAL share prices trimmed a tenth of last week’s advance to open the first full week of September trades. A 250-point drop in the Dow Friday set the tone for activity in the Asian … Continue reading →

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Market Summary and Outlook: September 6, 2011

Posted on September 6, 2011 by research

      Local share prices opened the week lower as investors reduced positions following a sharp sell-off in global share markets over the weekend. The benchmark PSEi index shed 10.35 points, or 0.23% lower from Friday, to close at … Continue reading →

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