Cosco Capital hit a month’s high of P3.18
Credit to Author: EMETERIO SD. PEREZ| Date: Tue, 30 Jul 2019 16:29:54 +0000
Katrina Marie Pe Co, a stockholder of Cosco Capital Inc. (CCI), bought 175,000 CCI common shares at P6.9964 each on July 26, 2019. The acquisition increased her ownership of CCI common shares to 50,065,684 common shares, or 0.69 percent of 7,256,251,264 outstanding CCI common shares. Prior to the acquisition, she owned 49,890,684 CCI common shares.
A general information sheet (GIS) shows Cosco Capital having 992 stockholders, 966 Filipinos and 26 foreigners. Of the latter, 10 are American, 12 are Chinese, two are French and an Australian and a British. It has also eight “other” alien” stockholders.
The same GIS also listed at 149,012,300 Cosco Capital’s treasury shares, making Filipinos the company’s majority stockholders as holders of 6,274,284,468 common shares, or 84.73 percent.
Cosco Capital has 10 billion authorized capital stock consisting of common shares with par value of P1 per share.
Lucio L. Co and his wife, Susan P. Co, own 2,365,741,492 CCI common shares, or 31.95 percent, and 1,780,182,230 CCI common shares, or 24.04 percent, respectively.
In a definitive information statement (DIS), Lucio and Susan, chairman and vice chairman, respectively, of Cosco Capital, are among the five highest paid executives. They were paid P6,412,772 in 2017, they received the same amount in 2018. In 2019, they would have received less – P6.27 million.
“All other officers as group unnamed” were paid P1,810,987 in 2017 and 2018. They would have received P2,563,528 at the end of 2019.
Cosco Capital’s eight directors, according to the DIS, received per diem of P50,000 per board meeting and additional P20,000 per committee meeting.
On July 29, 2019, Cosco Capital common shares opened trading at P6.99, hit a high of P7, fell to a low of P6.97 and closed the session at its high of P7. The stock peaked at 30-day high of P7.20 and dropped to a month’s low of P6.56.
Ownership profile. Cosco Capital listed in a public ownership report (POR) six individuals as principal stockholders with 615,714,105 total holdings, or 8.49 percent They are Ferdinand Vincent P. Co, direct holder of 219,557,122 CCI common shares, or 3.03 percent; Pamela P. Co, 210,535,971 CCI common shares, or 2.9 percent; Camille Clarisse P. Co, 96,925,231 CCI common shares, and indirect holder of 3.7 million CCI common shares, for total ownership of 100,625,231 CCI common shares, or 1.39 percent; Katrina Marie P. Co, 49,890,684 CCI common shares, or 0.69 percent; Jose Paulino Santamarina, indirect holder of 35,105,093 CCI common shares, or 0.48 percent; and Baby Gerlie I. Sacro, four CCI common shares.
In the same POR. Lucio L. Co, chairman, is direct holder of 2,336,740,892 CCI common shares and indirect owner of 29,000,600 CCI common shares, for total ownership of 2,365,741,492 CCI common shares, or 32.6 percent. As vice chairman, Susan directly owns 1,780,182,230 CCI common shares, or 24.53 percent. Leonardo B. Dayao, CCI president, directly owns 650,982 common shares, or 0.01 percent.
Cosco Capital has three independent directors but only Oscar S. Reyes directly holds 54,264 CCI common shares.
Cosco Capital also listed in the POR the following affiliates: VFC Land Resources Inc., 220,066,929 CCI common shares, or 3.03 percent; KMC Realty Corp., 150,832,231 CCI common shares, or 2.08 percent; Ellimac Prime Distribution Inc., 244,228,990 CCI common shares, or 3.37 percent; Puregold Finance Inc., 1,085,294 CCI common shares, or 0.01 percent; SPC Resources Inc., 58.5 million CCI common shares, or 0.01 percent; Invesco Co., 18,722,131 CCI common shares, or 0.26 percent; and Ellimac Management Inc., direct holder of 27 million CCI common
shares and indirect holder of 2,302,948 CCI common shares, for total ownership of 29,302,948 CCI common shares, or 0.4 percent.
The public stockholders own 1,763,014,368 CCI common shares, or 24.30 percent.
Retained earnings
Pacific Online Systems Corp. (LOTO) and subsidiaries reported retained earnings of P1,099,096,428 in the company’s first quarterly filing. The amount declined from P1,199,822,935 on account of the company’s 100-percent stock and P0.30 cash dividend which LOTO paid on April 29, 2019 and Aug. 31, 2018, respectively.
As posted on PSE website, Pacific Online sad in its quarterly financial filing that as of June 30, 2019, it had “stock dividend payable” of 287,393,661 LOTO common shares, down from 288,726,921 LOTO common shares as of Dec. 31, 2018.
Incidentally, Pacific Online reported net loss of P76,337,377 from January to June 30, 2019, which resulted from operating income loss of P109,866,987 despite six-month revenue of P558,763,086, down from P1,097,879,478 in the same period in 2018.
From April to June 2019, LOTO claimed to have incurred operating loss of P59,057,105, reversing an operating income of P101,568,221 in the same period in 2018.
On July 29, 2019, LOTO common shares opened trading at P2, hit a high of P2.58, fell to a low of P2, and closed the session at P2.54. The stock peaked at 30-day high of P3.18 and dropped to a month’s low of P2.
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