Saturday, February 10, 2018

Seafront Resources Corporation (SPM)

This posting may contain out of date contents.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
Seafront Resources Corporation (SPM)
Sector
Holding Firms
Incorporation Date
Apr 16, 1970
Subsector
Holding Firms
Number of employees
 (Group Total)
Board of Directors
Chairman: Helen Y. Dee
Website / E-mail
http://www.seafrontresources.com.ph / seafront@broline.com
2. Stock Information
Total Assets
238,993,028
Market Capitalization
489,000,000.00
Total Liabilities
318,535
Outstanding Shares
163,000,000
Retained Earnings
24,038,622
Listed Shares
163,000,000
Listing Date
May 07, 1974
Issued Shares
163,000,000
Board Lot
1,000
Free Float Level (%)
80.91%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
Pan Malayan Management and Investment Corporation
Alsons Consolidated Resources, Inc. (ACR, a listed company)
18.69 %
09.54 %
4. Company Descriptions and Business Development
Notes
1. Related companies: HI, PERC and RCB, IPO
Overview
It was originally incorporated on April 16, 1970 as an oil exploration and production company. SPM holds an interest in Hermosa Ecozone Development Corporation, a company that develops certain land areas for mixed-use purposes in Bataan. 


Business
Revenue contribution in 2016
Fair value changes on financial assets
Dividend
Interest
Others
6,806,522
353,401
124,711
352,337
89%
5%
2%
4%
Fair value changes on financial assets include short term investment in listed companies, trust fund, etc.
Except for the investment, there are no significant commercial activities yet.

Subsidiaries / Associates / Affiliates / Joint Ventures

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MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...