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By: Marvin Germo | March 27, 2019

Private Placement Available For Investors

Good news for LRWC investors! The Leisure & Resorts World Corporation (LRWC) has just recently approved to issue private placements worth P4.38 billion in order to raise fresh capital to be used in their present and future operations. This will stocks, bonds, or securities to be sold to private investors rather than making it a part of the public offering. The known gaming firm confirmed that this private placement is equal to 1.22 million common shares which will be taken out from its unissued capital stock.

Catch me in my live training events! (quick plug)

The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more on how you could time the market checkout the trainings below.

Stock Smarts Cebu —  April 6 & 7, 2019
Investing Insights Japan – April 13, 2019
Stock Smarts Singapore —  May 18 & 19, 2019
Investment Conference 2019 – May 25, 2019
Stock Smarts Manila —  June 15, 16, 22, 23, & 29, 2019
Stock Smarts Iloilo – July 6 & 7, 2019
Stock Smarts Cagayan De Oro – July 20 & 21, 2019
Stock Smarts Hong Kong – August 11, 2019
Stock Smarts UAE – August 30 – September 3, 2019
Stock Smarts Qatar —  October 3 – 6, 2019
Stock Smarts Taiwan – November 2, 2019

Private Investors Who Were Issued The Private Placement 

The 1.22 billion common shares are priced at P3.60 per share. If you can observe, the price represents a premium over its closing price last year, November 2018, which was at P3.30. The private investors who were issued the placement include Diamond Fortune Holdings, Inc., Fortunegate Holdings Philippines, Inc., XII Capital Inc., and Millennium Pan Asia Business Management Services, Inc. Who took 230 million share each. The 176.65 million shares were issued to Leisure Advantage, Inc. while 121 million shares went to Euphonious Holdings, Inc.

Purpose of Issuing The Private Placement

Among the said private investors, Diamond Fortune, Fortunegate Holdings, and Millennium Pan Asia are eyeing on casino operations locally and internationally. To raise a fresh capital of P4.38 billion is easier for the firm with the help of the issuance of the private placement. The fund will be used pay for its existing debts and general purposes for its corporate operations. To add, the company is planning to establish an integrated resort worth $550-million to be located in Boracay. Galaxy Entertainment Group, the casino monster in Macau, is going to be a partner of the said project.

LRWC’s Net Income

Though the revenue growth of the firm stayed flat at 1% or P7.42 billion in 2018, its net income attributable to parent decreased by 27% or equivalent to P266.04 million. Considering its plan to build an integrated resort project which is targeted to open by 2021 in Boracay, the company is optimistic about its outlook in the coming years. The target market of the new project, who are travelers and Chinese tourists, will be a big help on the future success of the firm taking into account that it will incorporate casino in the resort. On March 26, LRWC closed at P3.87 each.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
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