Why Are We Not Talking About This?
Wow ha. Sa panahon ng Pandemya me binibili pa na kumpanya si xurpas. Eng yemen!
According to Bilyonaryo.com:
Xurpas, which paid P900 million for its Yondu stake in 2015, took a P480 million hit from the sale of its Yondu stake to Globe in 2019.
But Xurpas proved to be a one-trick pony as its ballyhooed start-ups and acquisitions failed to live up to the hype:
* MatchMe Pte. Ltd. – acquired in 2015 for P61 million, rendered dormant in 2019 because it wasn’t able to “level up ” operations.
*Seer Technologies Inc. – software developer absorbed by the company due to heavy losses.
*Art of Click Pte. Ltd., a Singaporean mobile media advertising firm acquired in 2016 posted P271 million losses in 2018 and has since been closed to stop the bleeding.
* Xeleb Technologies Inc. and Xeleb Inc. – a mobile game makers partly owned by Ragaza’s celebrity friends Anne Curtis, Erwan Heussaff, Kim Atienza and Isabelle Daza. IPO abandoned and dissolved.
* CTX Technologies Inc. – Formed in 2018, sold to Garcia in 2020.
* Storm Technologies, a human resource technology provider which lost P80 million in 2019.
Overall, Xurpas booked P1.811 billion impairment losses related to goodwill Art of Click (AOC), Storm, and Seer and P107 million loss on investments for Micro Benefits and MatchMe in 2019.
THEY ARE SELLING XURPAS AT WHAT PRICE???
Umabot si Xurpas noon sa halagang 19.8 pesos. Last traded price niya is somewhere around 55 centavos.
The Xurpas founders are selling their shares to the Wavemaker Group at 10 centavos each.
They are selling 1.7 Billion shares or almost 48% of the company.
If marami ka nang napanood na mga story ng kumpanya na nalugi, nagsara or in trouble ay alam na alam mo na isa sa mga common sa kanila eh yung pagbibitiw sa pwesto ng CEO bago bumulusok sa impyerno ang kumpanya.
Hindi pa naman ito nangyayare sa Xurpas….wait..teka teka teka…
“Xurpas made its biggest pays perks in 2015 when it paid the 5-man group P29,390,786.72. This gave each of them P7,347,696.68 each. They were paid P19,878,809.86 in 2016; P18,993,973.75 in 2017; P12,584,516.66 in 2018; and P6,163,835.25 in 2019. The company estimated their compensation at P8.764 million for 2020.” according kay Emeterio Perez of Manila Times.
So much emphasis is given na stock market can be a place where an ordinary person can become wealthy yet sobrang liit or most of the time di pinag uusapan na yung malaking pera mo ay pwedeng lumiit or close to being gone when you are on stocks like xurpas. Imagine 19 pesos to 55 centavos. I applaud PSE na hindi muna nilift ang suspension. Let’s all see what will happen kay xurpas sa mga susunod na araw or buwan.
I don’t have a xurpas stock. I’m not against xurpas. Wala ding lies sa mga sinabe ko sa taas pure facts yan. I just want to inform traders kase sa totoo lang kulang talaga ang information na nabibigay especially sa mga retailers. Yung gap ng informed sa misinformed ay sobrang laki.
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Thanks mam GK for the very informative news..God bless po.