Selected Updates: LPZ, PCOR

LPZ

Tnder offer for BTI’s obligations is extended until nov. 27, probably New York time.
http://business.inquirer.net/94329/globe-telecom-extends-offer-period-for-bayan-debt

For starters, GLO’s tender offer pertains to the $200 million  notes (Notes) of Bayan Telecommunications, Inc (BTI) and BTI’s wholly owned subsidiary, Radio Communications of the Philippines, Inc. (RCPI). The tender offer shall be valid if at least 70% of the remaining principal amount of the Notes is tendered and 70% of the principal amount of RCPI debt is tendered. As of yesterday, BTI claimholders already tendered 82% but RCPI claimholders tendered only 64% or 6% short in order for the tender offer be valid.

In my humble opinion, the likelihood of the tender offer to be successful is high.:)

PCOR

I am modifying my holding period for PCOR to until 2014. Bataaan expansion will be completed by 2014 and so as the 216 MW cogeneration power plant (PCOR’s business development that attracted me most).

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