Alliance Global (PSE: AGI): Another favorite. Back in global recession, this used to cost 4 each. Now, less than a decade later, stock price is now at 30.40.
The initial offering was expectedly uber-subscribed that COL Financial even had to raffle off the limited shares to too many interested retail investors.
Value investors buy when the market is selling — they buy the panic. And they head to the fire exits while we are still partying, even before the fire starts, before the stampede – they sell to the greedy.
At market price of 11.60 per share, the Php0.45 dividend is already a 3.88% return (not yet net of tax). So what? Well this is among the biggest dividends I’ve received percent wise. The usual I get is 1% to 2% of stock price.
I don’t think JFC and BK have the same target markets. Yes definitely there are overlaps in the target customers, but as JFC puts it, their entry into BK allows them to cater to the premium burger segment: in short to enter the expensive burgers market.