PLC
LOTO’s share prices have been on a roll lately. It has been
heavily traded due to a disclosure a week ago about a 1-year trial run for a
web-based application betting platform (WABP). For context, gambling is rampant
here in the Philippines, and making it available online is a profitable
business. Looking back, Atong Ang’s E-sabong (Online Sabong) which was
suspended a year ago raked in around 800 million PHP per month. On the other
hand, PLUS’ net income in the 2nd quarter of 2023 is up by at least 50% due to
their online Bingo platform. With that said, LOTO’s WABP has a high chances of
raking in huge income potential as well.
PLC directly owns 50.1% of LOTO hence it was also actively
traded when the said disclosure was released. Since this is a “Direct
Ownership”, PLC will own 50.1% of LOTO’s earnings. If we put an assumption that
the WABP is successful after the trial run, then dividend investors of PLC will
surely benefit. PLC usually gives out 80% of the net income as dividends to
shareholders.
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