Trader's Logbook

So here we have the final 10 of the companies that didn’t comply with the minimum public float of 10%

1. Alphaland Corp – 8.03%
2. PAL Holdings Inc – 2.3%
3. Allied Banking Corp – 2.3%
4. PNOC Exploration Corp – 0/21%
5. San Miguel Brewery, Inc – 0.61%
6. San Miguel Properties, Inc – 0.06%
7. Philcomsat Holdings Corp – 9.6%
8. Cosmos Bottling Corp – 1.79%
9. Nexstage, Inc – 1.2%
10. Southeast Asia Cement Holdings Inc. – 6.79%

Because of the non-compliance, these companies will face trading suspension and higher transaction taxes. Originally there were 41 companies on the list last November but some were able to comply and some delist themselves like ETON, FMIC, Alaska, etc.

Here is the latest memo from PSE http://www.pse.com.ph/resource/memos/2012/DA_2012-0379.pdf