DITO Holders Must Know Part 2!
DITO complied with the minimum public float issuing shares to an unrelated subscriber.
All good na si DITO when it comes sa MPO.
Still magkakaroon siya ng SRO and this is mainly to fund yung mga needs ni DITO sa pag expand.
“Telecom challenger Dito CME Holdings Corp. plans to raise around P8 billion from the sale of new shares to existing shareholders to fund capital outlays for its infrastructure and to scale up allied digital businesses.” As per Inquirer yan. ( https://business.inquirer.net/333576/dito-cme-eyes-stock-rights-offering-to-raise-p8b )
The idea with regards sa SRO still stands na it will be below the current market price or else it will be a failed SRO.
SRO eh 9 pesos tapos current market price eh 7. Bat ka pa mag avail ng SRO eh mas mura bumili sa open market. Yung SRO at FOO are always at a discount. That is the only motivation para bumili ang public. Yung dillution ng shares mo sa SRO is more of a fear kesa sa motivation.
So, I guess dito na magtatapos ang blog ko about DITO.
I have no opinion on what is going to happen kay DITO. Sa news nakalagay na ” Dito CME is targeting to secure approval from the Securities and Exchange Commission and the Philippine Stock Exchange for the stock rights offering sometime this December.” To me that means na they are looking or expecting na aangat ang price ni DITO mula today until December para masabing discounted ang price range of P6.11 to P7 per share na target nila for SRO. Closing price ni DITO today is already at 6.81 pesos.
I have no DITO stock as of the moment dahil wala pang strategy na pasok si DITO sakin but once meron na I wont hesitate to buy one.
Goodluck sa lahat ng traders at investors na nagbabasa nito.
I hope gumanda trades ninyo.
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