Del Monte’s 1.944-B outstanding at $0.01 per common share

HYPER Dynamic Corp. (HDC) is an affiliate of Jollibee Foods Corp. (JFC). On Jan. 27, 2021, it increased its holdings after buying 39,520 JFC common shares at various prices. Its additional common shares, along with their prices, were as follows: 10 common shares at P176.50 per share; 25,510 common shares at P177.50 per share; 4,000 shares at P178 per share; 2,000 common shares at P178.10 per share; 2,000 common shares at P178.20 per share; 2,000 common shares at P178.30 per share; 2,000 common shares at P178.40 per share; and 2,000 common shares at P178.50 per share.

In its filing, HDC said JFC’s additional common shares increased its holdings to 277,845,910 shares, divided into directly owned 263,218,750 common shares and indirectly held 14,627,160 common shares from 277,806,390 common shares of which it directly owned 263,218,750 common shares and indirectly held 14,627,160 common shares.

On Jan. 27, 2021, JFC opened at P179.50; hit a session high of P179.80; dropped to a low of P175.60; and closed at P177.50. The stock peaked at a 30-day high of P210.80 on Dec. 10, 2020 when it opened at P210.80, its 30-day and session high; dropped to P207.80; and closed at its low of P207.80. It fell to a 30-day low of P175.60 on Jan. 27, 2020 when it opened at P179.50; climbed to P179.80; and closed at P177.50.

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Del Monte Pacific Ltd. (DELM) listed 1,943,960,024 outstanding common shares with $0.01 per share and 30 million preference shares, with higher par value of $1, which it said it issued at $10 per share, in its third quarter, in which it reported $38.235 million consolidated retained earnings as of Oct. 31, 2020. In its audited financials as of April 30, 2020, its retained earnings for the whole year totaled $60.763 million.

In Note 22 of the financials, DELM said “the holders of ordinary shares are entitled to receive dividends after dividend of preference shares are paid, as declared from time to time, and are entitled to one vote per share at meetings of the company.” It added: “The preference shares are cumulative, non-voting, redeemable at the option of the issuer, non-participating and non-convertible.”

Del Monte peaked at a 30-day high of $10.48 on Jan. 26, 2021 when it opened at $10; dropped to $8.50; and finished trading at session low of $8.50. It fell to a 30-day low of $6.12 on Dec. 10, 2020 when it opened at $6.14; hit a session high of $6.40; and closed at $634.

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Harbor Star Shipping Services Inc. uses TUGS as acronym. Geronimo P. Bella Jr., who owns 366,012,998 common shares (direct) and 225,000 common shares (indirect), is the chairman of the sevenperson board, according to the website of the Philippine Stock Exchange (PSE). The other directors are Ricardo Rodrigo P. Bella, Ignacius A. Rodriguez, 34,097 common shares; Ryota Nagata, 6,089,645 common shares; Ramon C. Liwag, 15,000 common shares; and Alexandra G. Garcia, 6,089,645 common shares, or 0.681 percent. Jose S. Navarro is TUGS’ independent director.

The public ownership report (POR) as of Dec. 31, 2020, which was posted Jan. 15, 2021 on PSE website, listed Geronimo P. Bella Jr. as one of Harbor Star’s principal stockholders with direct ownership of 366,012,998 common shares and indirect ownership of 225,000 common shares, for a total of 366,297,998 common shares, or 40.939 percent of 894,586,870 outstanding common shares; and Ricardo Rodrigo P. Bella with direct holdings of 241,553,487 common shares and indirect ownership of 2.205 million common shares, for a total of 243,758,487 common shares, or 27.248 percent.

The public stockholders, according to TUGS, owned 278,431,643 common shares, or 31.124 percent as listed on the company’s POR.

Harbor Star Shipping peaked at a 30day high of P1.97 on Jan. 19, 2021 when it opened at P1.65; dropped to P1.65; and closed at P1.82. It fell to a 30-day low of P1.20 on Jan. 27, 2021 when it opened at P1.30; climbed to session high of P1.37; and finished trading at P1.36.

***** Ferdinand B. Masi is the chairman of the seven-person board of Suntrust Home Developer Inc. (SUN). The other directors are Josephine Marie L. Salazar, Neoli Mae L. Kho, Joey I. Villafuerte and Antonio C. Pacis. SUN has two independent directors (IDs), namely Alejo L. Villanueva, lead ID and Eugenio B. Reducindo. They all directly held a nominal SUN common share each, according to its POR.

Suntrust listed two principal stockholders as direct holders of 6,162,500,000 common shares, or 85 percent of 7.25 billion outstanding SUN common shares with P1 par value. They were Fortune Noble Ltd., 3,697,500,000 common shares or 51 percent; and Megaworld Corp., 2.465 billion common shares, or 34 percent.

Suntrust attributed to its public stockholders 1,038,805,993 common shares, or 14.328 percent of outstanding.

Suntrust peaked at a 30-day high of P2.60 on Jan. 15, 2021 when it opened at P2.40; dropped to P2.21; and closed at P2.26. It fell to a 30-day low of P1.53 on Jan. 27, 2021 when it began trading at P1.59; hit a session high of P1.72; and closed at P1.70.

Will Harbor Star Shipping and other listed stocks allow their public stockholders to elect among themselves at least a board seat? Just asking.