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ABS-CBN loses P258.593Million

Johannus

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ABS-CBN Corp. lost P258.593 million in market capitalization on Monday, as its shares fell by 1.76% at the close of trading after government lawyers asked the Supreme Court to forfeit the company's legislative franchises. Shares of ABS-CBN plunged to P16.70 apiece, down by 30 centavos or 1.76% from P17.00 per share last Friday.

ABS-CBN Corp. lost P258.593 million in market capitalization on Monday, as its shares fell by 1.76% at the close of trading after government lawyers asked the Supreme Court to forfeit the company's legislative franchises.

Shares of ABS-CBN plunged to P16.70 apiece, down by 30 centavos or 1.76% from P17.00 per share last Friday.

In the process, the company lost P258.593 million of its market capitalization to P14.394 billion, down from P14.653 billion on Friday.

Sought for comment, Diversified Securities Inc. equity trader Aniceto Pangan said the drop could be attributed to the quo warranto filed against the company.

"It creates uncertainty on the part of the company if it cannot renew its franchise congressional approval," he explained in a text message.

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moondhie

PHC Master
Abangan na lang ang susunod na kabanata, masalimuot yan. Marami ang mag wewelga at maimpluwensyang tao na pipigil diyan. Samahan mo na ang limpak limpak na kita nila at yaman ng mga yan 🤔
 

doopgum

Addict
advisable pa ba bumili ng tvplus?, i doubt mapapasara ang ABS napakaraming empleyado nila ang matetengga na hindi naman maganda kung gobyerno pa ang lalong masisisi, possible neto tuloy lang ang operation until magkaroon ng desisyon yung mga walang kwentang hearing nila, sa stocks masarap magantay yan yung week before ng desisyon dyan gagalaw yan ng mas malaki kung????? magsasara nga
 

Oppa Jeongyeon

Eternal Poster
advisable pa ba bumili ng tvplus?, i doubt mapapasara ang ABS napakaraming empleyado nila ang matetengga na hindi naman maganda kung gobyerno pa ang lalong masisisi, possible neto tuloy lang ang operation until magkaroon ng desisyon yung mga walang kwentang hearing nila, sa stocks masarap magantay yan yung week before ng desisyon dyan gagalaw yan ng mas malaki kung????? magsasara nga
Doubtful marami sila workers, according to their website nasa 3k lang employees nila, less than 500 pa regular jan. The rest contractual or extra extra. Tsaka maraming tengga sa dept of labor yan kasi marami kaso sa endo. Ako pa sayo magpakonek nalang kayo ng wifi, me mga website na pwede ka makapanood ng mga shows both foreign and local
 

alist1986

Eternal Poster
Nagbabayad ng tax ang ABSCBN. Walang kaso ang ABSCBN. Ung renewal of franchise lang ang ayaw pahintulutan ni Duterte dahil sa personal vendetta.
Tama ka dyan bro. Check lang ng tao yung timelines ng Congress Hearings/proposals/approvals ng iba't-ibang networks compared to ABS-CBN sa nakaraan at litaw na agad yung dahilan. Technically, they pay their taxes. Yung past election complaint infraction lang ang nagpapatagal sa kanilang problema at mga minor telecommunication issues including TVPlus service. Ganyan talaga kapag nabutasan ka at ang kalaban mo ay "tigasin" sa Congress at Senate he he. Hindi ko na elaborate pa at obvious naman. Pasasaan pa't makukuha din nila yung franchise approval pero ma-delay lang with big penalties sa kanilang poder kung sakaling lumampas ng March 30, 2020 deadline. Tatagal ang pag-approve ng franchise kung hindi matapos o maipit ang hearings. "Sweet Revenge" yan sa may pakana! They're just giving a taste of their own medicine thru legal means. Kuha nyo?
 

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