Showing posts with label Bonds. Show all posts
Showing posts with label Bonds. Show all posts
Cash Flow vs. Capital Gains
I am a Money Magnet! We are Money Magnets!
I got hold of Robert Kiyosaki's Rick Dad's Conspiracy of the Rich: The 8 New Rules of Money a couple of years back. I spent one month reading the first few chapters and it bored me to death. It talked all about history and stuff that I really didn't get a grasp on. A few days ago, I decided that since it was taking me a decade to finish this book, I might as well return it to the owner already. I was giving up. I told myself this book wasn't for me. And to prove my point, I browsed through the content one more time just to be sure. It was then that I caught a glimpse of the second part of the book which offered ideas that I have never encountered before. In a way, it was very enlightening as most of what Robert Kiyosaki was preaching was in contradiction to some of the contents we've written here on our site. Read on to know more about these contradictions.
I got hold of Robert Kiyosaki's Rick Dad's Conspiracy of the Rich: The 8 New Rules of Money a couple of years back. I spent one month reading the first few chapters and it bored me to death. It talked all about history and stuff that I really didn't get a grasp on. A few days ago, I decided that since it was taking me a decade to finish this book, I might as well return it to the owner already. I was giving up. I told myself this book wasn't for me. And to prove my point, I browsed through the content one more time just to be sure. It was then that I caught a glimpse of the second part of the book which offered ideas that I have never encountered before. In a way, it was very enlightening as most of what Robert Kiyosaki was preaching was in contradiction to some of the contents we've written here on our site. Read on to know more about these contradictions.
Cash Flow vs. Capital Gains
Investsment Opportunity: Fixed Rate Bonds (Globe Telecom)
Interest rate 7.5% for 3 Year bonds
8.0% for 5 Year bonds
Minimum Investment PhP 50,000 (in increments of
PhP 10,000 above minimum)
Offer Period February 12-19, 2009
Issuer: Globe Telecom Inc.
Issue Size: PhP 3 Billion in 3 Year and 5 Year Bonds
Over Subscription Option: Up to PhP 1 Billion
Use of Proceeds: Capital Expenditures
Interest Payment: Quarterly
Maturity: 3-Year Bonds - February 2012
5-Year Bonds - February 2014
Issuer's Early Redemption Option:
For 5 Year Bonds on the 3rd anniversary of Issued Date
Lead Underwriters: BDO Capital Corp.BPI Capital Corp.
First Metro Investment Corp.
Co-Lead Underwriter: RCBC Capital Corp.
Participating Underwriter: Vicsal Investments Inc.
Credit Rating: PRS Aaa (Highest credit mark)
Philippine Rating Services Corp.
(source)
Additional news about the company that might be of interest to you follows:
According to GMANews.TV
"Globe has earlier said that it will spend anywhere between $350 million to $400 million in capital outlay this year. Of the amount, $130 million will be spent to fund its core 2G network expansion and $150 million for its consumer broadband including 3G.
Its corporate wireline data will be given $25 million, the same amount allotted for its international cable facilities. Support capital expenditures will be given $20 million.
Last year, the company spent P19.9 billion, 44 percent higher than 2007’s P13.8 billion.
Globe has reported that it earned P11.3 billion last year, 15 percent lower than P13.3 billion in 2007 as revenues fell to P55.64 billion from P56.41 billion"
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