Why I bought Philippine Realty - RLT
A lot of people were asking me why I bought Philippine Realty (RLT). Here are my reasons:
1.) RLT has been successful in negotiating its past due loans with their creditor banks. The company is under rehabilitation. This means that it has more leverage in forcing the banks to settle its loan through asset swap. In due time, most of its loans will be extinguished.
2.) Philex and RLT have common major shareholders. Since Philex is doing (very) well, I do believe that there will be a spillover effect on RLT. The major shareholders of RLT are now in a better position to re-capitalize the company.
3.) RLT is attractively priced at below P.30 per share. This should invite speculators to punt the stock.
How far will RLT go? I really don't know. Your guess is as good as mine. It is simply a speculative play for me.
1.) RLT has been successful in negotiating its past due loans with their creditor banks. The company is under rehabilitation. This means that it has more leverage in forcing the banks to settle its loan through asset swap. In due time, most of its loans will be extinguished.
2.) Philex and RLT have common major shareholders. Since Philex is doing (very) well, I do believe that there will be a spillover effect on RLT. The major shareholders of RLT are now in a better position to re-capitalize the company.
3.) RLT is attractively priced at below P.30 per share. This should invite speculators to punt the stock.
How far will RLT go? I really don't know. Your guess is as good as mine. It is simply a speculative play for me.
posted by jack galt at
10:15 PM
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