Differentiating two BHIs

encounter such kind of ownership posting.

2 BHIs

Lest the public take one for the of another listed company that is also named BHI.

BHI Holdings Inc., like Boulevard Holdings Inc., is also a listed company but not necessarily public. It has 499,987 outstanding shares divided into 349,987 Class A shares and 150,000 Class B shares.

A little bit of backgrounder: A number of listed companies used to divide their capital stock into A for Filipinos and B shares for both Filipinos and foreigners. Traditionally, B shares make up 40 percent of outstanding shares, which is the limit to foreign ownership in companies that are engaged in partially nationalized industries.

As a listed company, BHInc. uses BH for a market symbol. Its 150,000 B shares represent a little over 30 percent of outstanding shares. Computed on par value of P100 per share, its outstand- ing shares have a P49,998,700.

total value of

Bulk handlers

BHInc. carries in its corporate identity the acronym BHI, which stands for Bulk Handlers Inc., its majority stockholder, which owns 449,424 shares, or 89.89 percent.

The PSE website shows BH had hit a 52-week high of P669.50, which gave it a market capitalization of P334.741 million, and a 52-week low of P303.

Last traded on Oct. 5, 2015, BHInc. traded only 10 shares for P669.50 each. The stock’s high gave Bulk Handlers Inc. a paper wealth of P300.889 million.

BHInc. remains open for trading but has not been traded since October last year.

As an investment company, BHInc. has yet to make any sig to assess possible investment opportunities.” As of Oct. 31, 2015, it reported retained earnings of P39.818 million. It derived interest earnings from bank deposits.

esdperez@gmail.com.