Bank of Philippine Island (BPI)
3 consecutive days of sell down by two big brothers (heavy weight):
Date Sell_Broker %total sell / total market volume traded 12/29 209 63% 12/29 333 11% 12/28 209 38% 12/28 333 46% 12/27 209 46% 12/27 333 40% Big brothers buyers Date Buy_Broker %total buy / total market volume traded 12/29 126 42% 12/29 121 22% 12/29 220 12% 12/29 333 5% 12/28 121 14% 12/28 220 10% 12/28 126 5% 12/27 126 6% With the absence of other major players, the two biggest brothers were able to sell down BPI to 53.50 from 56!.. ayaw ba nila ng 0.90 div
M&A...
It's recovered quite nicely from the year-end sell down It seems consolidating nicely for an assault on 52 week highs anew They're very insecure about relegation to mere #3 or worse in the totem pole of the local banking industry and I'm wondering how market price action will react if they purchase secb or rcb
Blessed Empire...Unlike Lopez stocks, the Ayala Empire suffers no discount for negative sentiment
It's easier for MArket MAkers and insiders to deMAnd a premium Last edited by camel on Wed Mar 15, 2006 2:34 pm, edited 1 time in total.
conservative BPI means write-backs of provisions. 2005 earnings and book value revised upward due to IAS. unlike some of their large competitors, which will see big write-downs.
There is still no dates for the stock dividends and its still pending central bank apporval. Pero nevertheless its nice for his to go through cause I have some positions in BPI.
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