Metro Pacific Jumps to Record on Share Sale Plan

Here's some news and rumors about MPI (Metro Pacific Inv Corp.)

Metro Pacific Jumps to Record on Share Sale Plan
May 29 (Bloomberg) -- Metro Pacific Investments Corp.,
owner of the longest Philippine tollroad, rose to a record in
Manila trading on speculation a planned share sale this year
will attract more investors by increasing its free float.
Metro Pacific jumped 28 percent to 6.20 pesos at the midday
close in Manila, the highest since it began trading Dec. 14,
2006. The main Philippine Stock Exchange Index rose 1.5 percent.
The company may sell as many as 2.5 billion shares to raise
funds and boost the so-called float, or number of shares
available to the public, to at least 25 percent of total
outstanding shares, Chairman Manuel Pangilinan said yesterday
after the close of trading. He said Metro Pacific’s float is
about 8 percent at present.
Increasing the float will allow investors, who previously
shunned the stock because of its limited liquidity, to buy
shares in the company, said Peter Lee, senior investment officer
at IGC Securities Inc. in Manila
“A broader ownership can increase the value of the
company,” Lee said. “There are investors who like
infrastructure plays but they can’t come in even if Metro
Pacific is attractive because of its limited float.”

(Source: www.financemanila.net)
MPI has potential, no doubt..so does other stocks ... but, never forget that MVP had some bad bets too like the Bonifacio Land and Nenaco , making old shareholders saw their stock value shrink by 90%.

. at the current price, it's equivalent is around .24 MPC so there's really no need to rush to trade, there's the 136 peak to look forward to right?... any stock with rising price has always been called the stock of the future, until the next bearish trend.
anyway... goodluck.. it's a rising market so far, any primate with a good pair of dart can make money or trim losses from the not-so-long ago period.

No one forgets this stock of the future. Accumulation by insiders ongoing on the remaining 2.5% of total shares in the market. Noticed the big buyers now. Once they achieved their target share acquisition and the sellers dry up, no one can tell how high this stock can go. You cant go wrong with MPIC, the stock of the FUTURE.

thank you sir for your insights! i am now 100%+ profits here, and i am still holding. i don't know why i really like this stock. maybe, MY FUTURE lies here. i still hold 'till now my core when it's still MPC but sold half after exercing my warrants.

ingat kayo dito. this stock can leave you breathless, hehe. meron ako nito since mpc days.. sold my warrants on the last day and holding out sa common. last priority ni mvp dati ito.

to get more money they have to push it to 10 then ask you to subscribe maybe 1 for every 4 at 5.00 easy capital

no one knows but a conservative 8 pesos before the rights offering seem possible hopefully.

hope it reaches your target price of 10 b4 the rights offering, good luck.