Gavin Lee

[Gavin Lee @gavinleecfa]

@mangunonmarkets Do Globe or Ayalas not want to increase their ownership of the "No. 1 finance super app in PH" by buying out the exiting early investors? Shouldn't they want to own more of a decacorn that has "operational excellence fueling profitability & long-term growth"? Just wondering 😅

[Gavin Lee @gavinleecfa]

@miguelrcamus Underdog in sports: the up and coming who is challenging the established champs.

Privileged background: nobody is contesting that. If anything at all, it's great that Alex is doing something great with her privileged background instead of squandering it.

[Gavin Lee @gavinleecfa]

@InsiderPHdotcom This illustrates why a "Magnificent Seven level of premium" in the P/E ratio at PhP 10 IPO price is not very realistic. An IPO at around PhP 6 is more reasonable, which gives realistic upside based on P/E.

[Gavin Lee @gavinleecfa]

@InsiderPHdotcom Villar family companies are excellent materials for case studies on failed IPOs, severe value destruction, stocks trading below par value, and how not to run a business. Keep up the bad work!! 😅😅😅

[Gavin Lee @gavinleecfa]

@InsiderPHdotcom And there should also be no reason to worry that GCash is projected to be worth more than GLO or AC ... simply because "why not?" It all goes back to the valuations done by the private investors: nobody wants to look like they made a mistake.

[Gavin Lee @gavinleecfa]

@InsiderPHdotcom Hmmm there's more than PhP 3 trillion in deposits just among BDO, BPI, and MBT. There's more than enough "local money". It's hard to believe that the institutional investors don't have the money to buy into a GCash IPO if it REALLY IS valued properly at $8 billion ...

[Gavin Lee @gavinleecfa]

@InsiderPHdotcom The other perspective: is GCash overvalued at $8 billion, thus making it difficult to find more upside beyond $8 billion? If GCash really is valuable beyond $8 billion, then there should be no reason to worry about whether the market can absorb it or not at the 20% float ...

[Gavin Lee @gavinleecfa]

@miguelrcamusINQ @InquirerBiz The unrelated third party subscriber got the shares at par value ...

[Kailey Leinz @kaileyleinz]

BLOCKFI FILES FOR CHAPTER 11 BANKRUPTCY
“With the collapse of FTX... [the] management team and board of directors immediately took action to protect clients... BlockFi looks forward to a transparent process that achieves the best outcome for all clients and other stakeholders.”

[Gavin Lee @gavinleecfa]

@WarriorsPR The starters should finish this game to feel the shame of the terrible performance.

[Kailey Leinz @kaileyleinz]

Um can I be greeted by a therapy puppy as well please https://t.co/YPRjycaUyI via @wealth