Friday, February 9, 2018

ISM Communications Corporation (ISM)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
ISM Communications Corporation (ISM)
Sector
Services
Incorporation Date
Jan 19, 1925
Subsector
Information Technology
Number of employees
3 (Parent Only)
Board of Directors
Chairman: Eric O. Recto, Director: Rafael B. Ortigas
Website / E-mail
http://www.ismcorp.com.ph / jdslarrazabal@ismcorp.com.ph
2. Stock Information
Total Assets
2,135,740,362
Market Capitalization
1,439,594,473.56
Total Liabilities
1,092,869
Outstanding Shares
1,074,324,234
Retained Earnings
1,123,090,420
Listed Shares
1,916,269,341
Listing Date
Oct 01, 1975
Issued Shares
1,916,269,341
Board Lot
1,000
Free Float Level (%)
62.72%
Par Value
1.00
Foreign Ownership Limit
100%
3. Major Stock Holders (common shares)
Monfortino Holdings, Inc
Eric O. Recto - Chairman & CEO
26.33%
28.34%
4. Company Descriptions and Business Development
Notes
1. Recto is the chairman of PBCom, vice chairman of Atok-Big Wedge Co. (AB, a listed company). He is also the controlling shareholder of Monfortino Holdings, Inc.
2. Alberto M. Montilla is the brother-in-law of Ignacio Ortigas. Rafel B. Ortigas is a nephew of Ortigas and Montilla.
Overview
It was a mining company but it was transformed to an IT and holding company. It sold out stakes in Eastern Telecommunications Phils. Inc. (ETPI) to then SMC’s unit Vega Telecom Inc. in 2011. Vega is now jointly owned by GLO and TEL since SMC gave up the telco business.


Business
It recorded around 64 million pesos of revenue with the 12 million pesos of net loss.

Subsidiaries / Associates / Affiliates / Joint Ventures
Acentic GmbH (Acentic, 32%) is a German technology firm. Its digital television services and Internet access platforms are found in many of the world’s leading hotel rooms, healthcare facilities. Its equipment is installed in over 500 hotels.
Philippine Bank of Communications (PBC, 37.11%)

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