Bought PNB @ ₱57.20

Bought some PNB today, even though the dividend policy is a less than stellar around 1.7% p.a. (IF the same dividend from last year applies to this year). However, P/E is around 10.4x (2017 forecasted) @ ₱57.20/share, which is lower than RCB (@11.3x), BDO (@17.7) MBT (@13.4) and BPI (@16.9). Price/Book is even better at 0.6. Profits have also been steadily heading back up in the last few years.

To paraphrase Philip Fisher, it’s easier to know what will happen to a stock’s price, than when exactly it will happen. I’m hoping that the investing public sees the value of this stock sooner than later.

As I said in previous posts, I wanted to get some CPG @ ₱0.50, however it went up to ₱0.52 today (up 4%) so I was unable to, ditto for getting some more EMP.

SMC’s preferred shares are going to ex-date on March 16, so looking into getting some of that if prices don’t go up too high tomorrow and on Wednesday.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s