Text Adsense

Thursday, October 8, 2015

Investment and Life Lessons - Part 4

Here's the part 4 of my previous posts regarding the lessons/quotes I've encountered in my various readings on business, stocks, economy, money, war and life. My list is getting too long again hence I'm sharing it with the Filipino Investors out there for them to learn a thing or two. Cheers!

  1. There's more to see than can ever be seen. More to do than can ever be done. More to find than can ever be found. - The Lion King
  2. Look out for yourself - Jerome Montino
  3. Give love away - WB
  4. Sometimes one pays most for the things one gets for nothing. - Albert Einstein
  5. A stock does not become attractive simply because it has come to your attention
  6. These findings reveal an axiomatic truth about investing: investors aren’t rewarded for picking winners; they’re rewarded for uncovering mispricings— divergences between the price of a security and its intrinsic value. It is mispricings that create market-beating opportunities. And the place to look for mispricings is in a disaster, among the unloved, the ignored, the neglected, the shunned, and the feared— the losers
  7. Though it is ubiquitous, we don’t intuitively recognize the conditions for mean reversion . Time and again investors, including value investors , ignore it and consequently reduce returns. We can show that a portfolio of deeply undervalued stocks will, on average, generate better returns, and suffer fewer down years, than the market. But rather than focus on the experience of the class of deeply undervalued stocks, we are distracted by the headlines. We overreact . We’re focus on the short-term impact of the crisis. We fixate on the fact that any individual stock appears more likely to suffer a permanent loss of capital. The reason is that even those of us who identify as value investors suffer from cognitive biases, and make behavioral errors. They are easy to make because the incorrect decision— rejecting the undervalued stock— feels right, while the correct decision— buying stocks with anemic, declining earnings— feels wrong
  8. Stockholders seemed to have forgotten that they are owners of a business and not merely owners of a quotation on the stock ticker - Ben Graham
  9. In a difficult business, no sooner is one problem solved than another surfaces— never is there just one cockroach in the kitchen - Warren Buffet
  10. Are stocks pieces of paper to be endlessly traded back and forth, or are they proportional interests in underlying businesses? A liquidation settles this debate, distributing to owners of pieces of paper the actual cash proceeds resulting from the sale of corporate assets to the highest bidder. A liquidation thereby acts as a tether to reality for the stock market, forcing either undervalued or overvalued share prices to move into line with actual underlying value - Ben Graham

Wednesday, October 7, 2015

Living Your Life with an Inner Score Card in a Time of Technology and Social Media

In this time of Social Media and massive sharing of information about people, events and what not.

We think the tendency to value ones self based on the opinion/view of others or comparing ones life relative to the life of others is of an increasing trend specially to the younger generations, simply because the infrastructure in w/c we spend our daily lives (internet, facebook, instagram, twitter etc.) has evolved to result in to such tendencies.

Now we are not here to complain against technology and the internet as we believe that it actually brings a lot of value to peoples lives and increases productivity if used properly. We just want to kinda manage the "risks" so to speak - just like in investing and trading let's just let the upside run and manage the downside risks.

So we're just going to share to you Warren Buffet's advice/perspective on how to live/view ones life.

“It’s very important,” said Buffett, “to always live your life by an inner scorecard, not an outer scorecard.”

What does that mean?

Buffett illustrated this by asking:

“If the world couldn't see your results, would you rather be thought of as the world's greatest [investor]* but in reality have the world's worst record?—or would you prefer to be thought of as the world's worst [investor]* when in reality you were actually the best?”

Those who answer the latter have an inner scorecard and to those who answer the first have an outer scorecard.

So knowing this perspective, which scorecard would you rather have? Which life would you rather live?

 *Change this with what you do, or what applies to your life. i.e. Trader, Manager, Photographer, Writer, Engineer, Nurse, Doctor, Businessman, Lawyer, Accountant, Student, Husband, Wife, Programmer, Salesman, Teacher, Police, Politician, Scientist, Leader, Singer, Dancer...  you name it.

Filipino Investor

Sunday, October 4, 2015

Dividend Ex-Dates in the Philippines in the Next Three (3) Months as of 02-Oct-2015

Here's our monthly dose of upcoming dividend ex-dates in the next three (3) months. 

"Dividend Ex-Date" is the actual ex-date already announced by the company.

"Next Estimated Ex-Dividend Date" as the name implies, is the estimated next dividend ex-date of the company based on their historical trend of dividend releases.

If you want additional items to be added on this table hit the comment button below and we'll try to get them included next month.


TickerShort NameMarket Cap (PhP)Last Price (PhP)Dividend Ex-DateNext Estimated Ex-Dividend DateDividend Yield
EEI PM EquityEEI CORP7,948,278,7847.678/26/201511/27/20155.22
STI PM EquitySTI EDUCATION4,754,307,0720.4810/7/20154.17
MWC PM EquityMANILA WATER43,955,888,128228/20/201510/15/20153.74
SLF PM EquitySUN LIFE FINANCI894,573,412,352146511/23/20153.66
GLO PM EquityGLOBE TELECOM312,472,043,52023548/12/201511/14/20153.53
MFC PM EquityMANULIFE FIN1,379,879,354,3687008/13/201511/13/20153.41
LFM PM EquityLIBERTY FLOUR MI2,734,341,37631.2510/12/20153.20
SMC PM EquitySAN MIGUEL111,790,678,0164710/6/201512/28/20152.98
IPO PM EquityIPEOPLE INC8,972,220,41611.9810/12/20152.00
RFM PM EquityRFM CORP13,756,587,008410/12/20151.57
BDO PM EquityBDO UNIBANK INC382,764,384,25610512/7/20153/14/20161.14
BPI PM EquityBANK PHILIPPINE315,505,967,10480.38/5/201512/24/20151.12
JFC PM EquityJOLLIBEE FOODS206,225,981,440192.85/4/201511/24/20150.83
AC PM EquityAYALA CORP468,418,232,3207567/6/201512/14/20150.76

Source: Bloomberg

This is not an investment advice and the author shall not be responsible or liable for any trading or investment decisions made based on this information.
The author hereby expressly disclaims any responsibility for any error or inaccuracy in the information.

Friday, October 2, 2015

Top Twenty Five (25) Cheapest Stocks in the Philippines as of 02-Oct-15

The "Top 25 Cheapest Stocks in the Philippines" is a monthly publication by The Filipino Investor to give investors in the PSE a sense on what are the cheapest stocks at the current market prices. This will be particularly useful to value investors a.k.a those investors who like to buy companies whose current market price is selling cheap relative to quantifiable metrics such as earnings, sales, book value, dividend etc.

We would like to remind the readers of this website to do due diligence before investing specially on the more iliquid names. Cheers and enjoy!

1. P/E, EV/EBITDA, P/B, P/S were arranged from lowest to highest (lower the numbers means they are cheaper)

2. DY was arranged from highest to lowest (higher numbers are better/cheaper)

3. Data as of 02-Oct-15