AXELUM IPO LISTING CEREMONY Hi everyone!
Since I was in Qatar while the listing ceremony was ongoing, I let my brother go and cover the event for me! I hope you enjoy the video and you get a glimpse of what happens when a company lists in the stock market.
In the video you would be able to see the opening bell, the inside of the PSE trading floor in BGC, the opening speech of the Chairman of Axelum and the heart of why the company exists and why they brought public.
The stock opened at 5 but dropped intraday, it hit a surge of buying late into the day. Allow me to make more videos on this as we track its performance from today up until we see more holistic movements from what the chart is saying. As of 10:24 AM, October 8, 2019, the stock is down 6.61% at 4.38 Pesos.
Enjoy the video! And whatever price action would happen in Axelum over the next few days, stick to you plan. If you are either an investor or trading stick to the reason and parameters on why you bought the stock!
Purpose of IPO: The Company intends to use the net proceeds it receives from the Primary Offer for the funding of strategic acquisitions, expanding its domestic and international distribution networks, installation of new manufacturing facilities for new products and improvement and expansion of manufacturing facilities, retirement of loan.
Dividend Policy: The Company has adopted a dividend policy of distributing, either as cash or stock dividends, 15% of the reported net income of the immediately preceding fiscal year.
Who will the shares be sold to:
791 Million Shares (70%) - Institutional Buyers
226 Million Shares (20%) - PSE Trading Participants
113 Million Shares (10%) - Local Small Investors
Net Income
2015 - 108 Million Pesos
2016 - 474 Million Pesos
2017 - 530 Million Pesos
2018 - 365 Million Pesos
COMPETITIVE STRENGTHS
1. Economies of scale and diversified product line catering to different markets
2. International network of customers The Company has a wide and deep portfolio of customers worldwide.
The Company’s products are sold to domestic and international food & beverage companies, confectioneries, bakeries, private label supermarkets and grocery store chain, food service industry, coconut coffee creamer manufacturers, cosmetics and diet prepared food market. Notable customers include Vita Coco, The Hershey Co., ConAgra Foods, Kellogg’s, Quaker, Nestle, Russell Stover, Unilever, Kroger, Mondelez International, Ferrero, Kraft Foods, General Mills, Campbell’s, Mars, Cadbury Schweppes, and Calbee, among others.
3. Well-established global distribution network
4. Highly experienced and dedicated management team
5. Industry leader in the coconut industry
#StockSmarts #Axelum #IPO #StockInvestingMadeEasy
_______________________________
To join us for Stock Smarts Manila, you can register through:
Follow me in Facebook:
If you want to invest in stocks:
__________
Stock Smarts Shopee Book Orders
To grab a copy of the books:
To grab a book from the online store:
__________
For those who were asking about our next events, here are our Stock Smarts Schedules:
Manila: September 14, 15, 21, 22 & 28 (
Qatar: October 2 - 7 (
Singapore: November 6 - 10 (
Taiwan: November 2 (
ICON Davao: November 30, 2019 (
__________
If you want to invest in US Stocks and global markets -
__________
Tagalog stock market class:
__________
0 Comments