Semirara Mining Archives

Semirara Mining Director buys more Shares, Bottom picking?

The recent drop of SCC stock price did not deter SCC director MARIA CRISTINA C. GOTIANUN from buying more shares of her company.

February 8, 2023 disclosure showed that she bought 65,000 shares at prices of 30.25, 30.45 and 30.4 respectively.

Last February 1, 2023 she also bought quite a few more shares at an average price of more than 30 pesos.

Source: https://edge.pse.com.ph/openDiscViewer.do?edge_no=24295c2f45027d4e9e4dc6f6c9b65995

Stock Price of SCC have dropped by as much as 15% coming from a peak of 36 pesos per share. The drop coincided with the news regarding easing prices of global coal products and recent correction of DMC holdings after it was recently included in the BLUE chip index

SCC and DMC recently disclosed as well that it retain its Bloomberg gender equality index.

DMCI Holdings, SMPC named to Bloomberg Gender-Equality Index for third straight year

DMCI Holdings (PSE: DMC) and Semirara Mining and Power Corporation (PSE: SCC) are members of the 2023 Bloomberg Gender-Equality Index (GEI). This is the third consecutive year that the two companies earned spots in the prestigious list.

Bloomberg GEI is a modified market capitalization-weighted index that aims to track the performance of public companies committed to transparency in gender-data reporting.

GEI measures gender equality across five pillars: leadership & talent pipeline, equal pay & gender pay parity, inclusive culture, anti-sexual harassment policies, and external brand.

“Diversity and representation matter. When different voices and perspectives are included in the conversation, companies benefit from a wider range of ideas and insights,” said DMCI Holdings and SMPC chairman Isidro A. Consunji.

Only four listed companies in the Philippines joined the 2023 GEI roster that includes 484 companies headquartered in 45 countries and regions.

SCC current stock price as of this writing is 31.45 pesos per share.

Semirara Mining and Power Corporation Declared 12.34% Dividends

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SMPC (PSE: SCC) declared a special dividends for its shareholders on record as of October 31, 2022.

The company conducted a special meeting of its Board of directors and approved the declaration of 3.50 pesos per share dividends per outstanding common shares. This is a special cash dividends for its shareholders.

This is 100 percent more than the P1.75 special cash dividends declared last year, and the highest dividend ever declared by SCC.

Ex-dividend date will be on October 26 while payment will be made on November 15.

Last April, the company paid out P1.50 per share in regular cash dividends.

With the additional special cash dividend, the total dividend payout of SCC to its shareholders for 2022 will be P5.00 per share, the highest in its corporate history.

It also translates to a cash dividend yield of 12.34 percent based on its October 14 closing price of P40.50.

Several executives of Semirara Mining have been conducting share acquisitions as well from the past days prior to the dividends declarations. They have been buying shares as of September 15,2022.

The latest buy back was last October 13, 2022 a day before the special dividends declaration.

Stock price of SCC were up by 2.47% for yesterdays trading. It closed at 41.50 pesos per share.

The overall stock price is in uptrend move bucking the downtrend direction of majority of other stocks in PSE market.

Semirara Mining Director buys more Shares, Bottom picking?

Semirara Mining and Power Corporation Declared 12.34% Dividends

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