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Antonio Tiu (Greenergy): Binay's Emerging Taipan?

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Friday, October 31, 2014

Antonio Tiu (Greenergy): Binay's Emerging Taipan?

"You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time." - Abraham Lincoln 
Antonio Tiu
No man has a good enough memory 
to make a successful liar.
~Abraham Lincoln
Chairman Greenergy,AgriNurture Inc., Sunchamp Real Estate and Development Corp., Chairman/CEO at Earthright Holdings
"Pinapaikot lang ang Senado!
Round, like a circle in a spiral
Like a wheel within a wheel
Never ending or beginning
On an ever-spinning reel

Like a snowball down a mountain
Or a carnival balloon
Like a carousel that's burning
Running rings around the room

Like a clock whose hands are sweeping
Past the minutes of its face
And the world is like an apple
Whirling silently in space

Like the circles that you find
In the windmills of your mind
From"Windmills of your minds"Song
Greenergy Holdings
Renewable energy firm Greenergy Holdings Inc. (GREEN) and agricultural company Agri-Nurture Inc. (ANI) have been two of the biggest stock decliners, after the companies and their top executive were linked to the investigation of the “overpriced” Makati City Hall parking building involving Vice President Jejomar “Jojo” Binay and son Mayor Junjun Binay. 
350-hectare "Binay hacienda"
The 350-hectare agricultural farm is currently being leased by Sunchamp Real Estate Development Corp. which markets the property as an agri-tourism park. The farm boasts of two mansions, a garden copied from the Kew Garden in London, an airconditioned piggery, a 40-car garage, two man-made lagoons, an orchard, and a cock farm, among others, according to Mercado.

Senator Antonio Trillanes IV said that Sunchamp, which was acquired earlier this year by renewable energy firm Greenergy Holdings, is being used by Mr. Binay as a front. Senator Trillanes expressed doubt and suspicion that a company specializing in renewable energy would “for some reason, branch out into agro-tourism.”

In July 2014, GREEN acquired 62.39% of Sunchamp Real Estate Development Corp. and 14.03% of agricultural company AgriNurture, Inc. (ANI) supposedly as part of the company’s efforts to diversify its portfolio. From Pinoy Money Talk
Price to Earnings Ratio
Greenergry: (2,169.49)
Megaworld:16.10
PLDT:19.07
SM:22.50
Ayala:33.44

The P/E Ratio - What It Is and Why Investors Care
Chances are you've heard the term price/earnings ratio (P/E ratio) used before. When it comes to valuing stocks, the price/earnings ratio is one of the oldest and most frequently used metrics. 
P/E is short for the ratio of a company's share price to its per-share earnings. 
As the name implies, to calculate the P/E, you simply take the current stock price of a company and divide by its earnings per share (EPS): 
P/E Ratio = Market Value per Share/Earnings per Share (EPS)
Historically, the average P/E ratio in the market has been around 15-25. This fluctuates significantly depending on economic conditions. The P/E can also vary widely between different companies and industries.

Companies that aren't profitable, and consequently have a negative EPS, pose a challenge when it comes to calculating their P/E. From Investopedia

"You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time." - Abraham Lincoln 
The mention of Tiu and his companies during yesterday’s Senate Blue Ribbon Committee hearing caused investors to go on a Sell mode, sending the stock prices of GREEN and ANI to new lows. 
If a company's stock price has fallen, do your research and discover the reasons. Is management honest? Are they losing key customers? Look at insider trading, such as buy or sell orders. Is the Board of Directors buying stock in the company? If the stock has fallen, is the weakness across the entire sector, industry, or economy, or is it caused by firm-specific bad news? 
From beginners invest
Martin C.Subido and Antonio Tiu
The Binay legal counsel and the Taipan
"LINKS' TO BINAY"
Senator Trillanes also presented to the Senate Tiu's alleged connections to Binay.
  • According to the senator, Tiu folded Sunchamp Real Estate Development Corp. in 2013 into a publicly listed corporation, the Greenergy Holdings Inc., where Tiu is president.
  • The main shareholders of Greenergy are the Sunchamp Real Estate Development Corp., Earthright Holdings Inc., and the Three Star Capital.
  • Citing the website of Greenergy, he said Subido, the legal counsel of Binay, is its corporate secretary and compliance officer.
  • Subido is also the director of Earthright Holdings Inc.
  • Subido is a law partner of one of Binay's daughters, Makati Representative Abigail Binay, and a senior partner of the Subido, Pagente, Certeza, Mendoza and Binay (SPCMB) law office.Earthright shares the same address as the SPCMB law office, and that is at the Value Point Executive Building 227 Salcedo Street in Legazpi Village, Makati City.