LBC Express (PSE: LBC) Going Downhill

LBC Express (PSE: LBC) Going Downhill (complete company name LBC Express Holdings Inc.)

 

Slogan: “We like to move it.” (http://www.lbcexpress.com/)

Phil. Inquirer News: “THE LBC courier group led by the Araneta family is grappling with a P1.8-billion claim filed by the state-owned Philippine Deposit Insurance Corp. (PDIC) on behalf of defunct banking affiliate LBC Development Bank.”

Some Financial Highlights in Philippine Peso (PHP; Gurufocus.com):
2014 Profits: -15.4 million (negative)
2015 first quarter (March 2015) profits: -0.48 million

2014 total debt: None
2015: None

2014 owner’s earnings: -1 million
2015: None

2014 total cash: 20,000 (thousand)
2015 first quarter (March 2015) total cash: 30,000 (thousand)

Ratios (Reuters.com):
P/E: 1.56
ROI: 69.54
ROE: 210.57
EPS: 7.67

Total market cap (Bloomberg.com):
16.9 Billion

Reference

http://business.inquirer.net/204940/lbc-faces-p1-8b-collection-case

Disclosure: I do not have shares in any of the companies mentioned in this article and don’t plan to initiate purchase within the next 24 hours. I would not receive any compensation for doing this article. I am not a professional financial analyst. This is just a hobby. Lastly, my work is not error-free, but I strive for it to be. Do not consider as a buy or sell advice. Invest at your own risk.

If you are interested in this similar approach to investing and would seek updates or share ideas, I wish to invite you to this Facebook group SEEKING VALUE (https://www.facebook.com/groups/SeekingValue/?ref=bookmarks)

Happy investing.

Mark Y.

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