Semirara Mining and Power, SCC Stocks Down by around 73%!!!

Amidst the recent good performance of SCC or Semirara Mining and Power Corporation over the past few months, many stock holders were in shock as it opened today to an almost double of it’s 52 week low of Php24.99.

SCC opened at Php49 from last close of Php179, which is 73% downfall from a previous close of Php179!!

SCC Semirara

 

Certain sources said this could be attributed to the recent death of Engr. David M. Consunji (fondly called as “DM”), founder of the DMCI Group of Companies, former Chairman of the Board and Chairman Emeritus of Semirara Mining and Power Corporation.

DM passed on around noontime yesterday (September 4, 2017) surrounded by close family and relatives.

A beloved husband and father, DM built landmarks and redefined cityscapes for generations of Filipinos. He transformed the local construction industry by valuing not the quick profit but the satisfaction of doing one’s work well, honestly and proudly.

His remains lie in state at the Capilla de San Francisco of Santuario de San Antonio Parish, McKinley Road, Forbes Park in Makati City. Our deepest condolences to the family.

Although this happened a week back, we know that there are some delays on how these kind of news impacts the market. Since the stock market is driven by the emotions of its investors, the delay of the news reaching the large amount of investors and the delay of the reaction of the people to the news, it is only but now that we have felt its real impact.

On another note, some reports said that this can also be attributed to the recent typhoons that has hit the country. And since SCC is engaged in Mining and Power, it is but obvious such natural calamities and disasters can easily impact the business.

But if you will check closely and do your research, you will see that there is nothing to worry about. A 300% dividend as shown below has reached its ex-date.

Basically, it is called a “stock split”. What it means is that, a company divides its existing shares into multiple shares. Although the number of shares outstanding increases by a specific multiple, the total peso value of the shares remains the same compared to pre-split amounts, because the split did not add any real value.

The most common split ratios are 2-for-1 or 3-for-1, which means that the stockholder will have two or three shares for every share held earlier.

Cheers and happy investing!!

21 Comments on Semirara Mining and Power, SCC Stocks Down by around 73%!!!

  1. The ex-date for the 300% stock dividend was Sep 12. Since there was no trading yesterday, the market is only able to react today. Having said that, the price is expected to drop to 1/3 of the current price.

  2. Bro, sorry pero research muna bago magsulat ng article. Ang cause ng price drop ay ang 300% stock dividend, and nothing to worry about it. Kawawa naman nadamay pa si “DM” sa pagbagsak ng SCC. Not here to make an issue, peace and God bless.

  3. i’m a LONG TERM stock market investor, for me, NO worries, why should i? I can buy more shares instead of Php 179 now only Php 46, WOW BIG DISCOUNT.

  4. lousy article. write responsibly. Starting with this “Semirara Mining and Power, SCC Stocks Down by around 73%!!!” Then ending with article with this “But if you will check closely and do your research, you will see that there is nothing to worry about. A 300% dividend as shown below has reached its ex-date.”

  5. There are still many bullies in the comment. This is not social media and definitely not a politics. Please be professionals. The article giving only information of what was happen in the performance of SCC. I believed also the there are many factors affecting the performance of the company which was all mentioned in the article and maybe more. Come on, don’t say “kawawa” si DM, because in the first place di naman niyurakan or siniraan ng pagkatao nya dito. Do I need to explain why? Bullies…trolls…get out here and go to social media. This is not your place.

    • Bro yung comment ko bang may “kawawa” yung binabanggit mo? LOL. Try to read it again. Did I bullied Mr. Luis Vergara with my comment? Just pointing that he should be responsible. And do I need to explain why?

      Alam mo ba na sa original content ng article na ito eh wala yung tungkol sa stock divs? Try to read the article again and remove the part about the stock divs, yung naka BOLD letters. Then sabihin mo sa amin ano ang dating sayo.

  6. OMG! please never ever mislead the public with such irresponsible spreading of wrong information! it’s insulting to the company. You can get sued with this, dont you realize that?

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