Finally, as I was already expecting, the MERALCO ’show’ came to a no-surprise curtain closing tonight.

And the 6.7% stake goes to MPI.

What is my take on all that has happened ? Well, here goes.. When the SY offer surfaced over the weekend, MER’s share price jumped and gapped up from P188 to P220. FPH surged, so did BPC, while MPI who will be paying a steep price for the MER stake did the opposite and even dived below P3.00 …

In my own analysis, I have always believed that the stock market ‘players’ are the wisest of the bunch, so things and prices of shares always behave way way ahead and in advance. — Meaning in my humble view, the prices now are already reflective of what actually transpired tonight. I think FPH and BPC prices will undergo correction, while MPI whose shares have already been battered down will actually benefit from the news…

This is a sell on the good news, and buy on the bad news thingy. As to MER, no tender offer may also mean some correction in its price.. Anyway, these are just my own personal view. What shall transpire tomorrow is what really counts, but those above are just my own personal stand on the pressing matter..

Related Posts You May Wanna Read Too

• No Related Post