Maynilad Water Tests Investor Appetite Ahead of What May Be Philippines's Biggest IPO
Maynilad, a provider of water and wastewater services in Metro Manila, and its appointed bankers are holding pre-marketing meetings with institutional investors—including mutual funds—to gauge interest in the offering, one of the people said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
£15,000 in savings? Here's a smart plan that could turn that into £15,000 of passive income
A lump sum of £15,000 might not seem life-changing. But with a smart investing strategy and enough time, it could form the foundation of a sizeable passive income portfolio. Historically, the stock market has delivered average annual returns of around 8%–10%. At a 10% growth rate, a £15,000 investment left untouched could compound into roughly £300,000 in 32 years. From there, a 5% yield could generate £15,000 in annual passive income — essentially turning savings into a salary. That's one way to do it. But there's a way to get there faster. By adding just £250 per month and reinvesting all returns, an investor could reach nearly £300,000 in just 20 years, assuming that same 10% growth. That's less than half the time compared to a lump sum alone. Here's how the numbers stack up: After 10 years: approximately £91,800 After 15 years: approximately £170,400 After 20 years: approximately £299,800 Compounding is the secret sauce This impressive end result comes from combining regular contributions with compounding returns. Each monthly deposit has the chance to grow and multiply over time, accelerating wealth creation. Just look at how the accrued interest grows over time. To protect gains and income from tax, investments can be held within a Stocks and Shares ISA, where both capital growth and dividends are shielded from HMRC. So, what's key to success? Patience, consistency, and a long-term mindset. Dividend-paying shares, low-cost index funds, and global equity trusts can all play a role in building a resilient, income-generating portfolio. It's a simple idea — but one that could change the trajectory of a financial future. However, investors should be wary that they can lose money, especially over the short term. Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions. Investing to beat the market Novice investors may wish to start their investing journeys by buying index tracking funds. This is a super diversified way to get going. However, more ambitious investors may wish to pick individual stocks. One stock I like is Pinterest (NYSE:PINS). It looks attractively valued for a platform with strong earnings momentum and growing AI integration. The company sits on a net cash position of $2.5bn and trades at just 19.9 times forecasted earnings for 2025 — falling to 10.6 by 2028 based on current consensus. Analysts expect earnings growth of nearly 40% in 2025, driven by improved ad monetisation, deeper engagement, and AI-powered content curation. Pinterest's ability to link visual discovery with shopping makes it uniquely positioned in the social commerce space, in my view. However, the key risk is competitive pressure. Larger platforms like Meta and TikTok are also investing heavily in AI and commerce, and Pinterest's smaller scale could limit its reach and pricing power in digital ads. That said, with strong financials, consistent user growth, and an improving margin profile, I believe the shares are worth considering at current levels. The post £15,000 in savings? Here's a smart plan that could turn that into £15,000 of passive income appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Fox has positions in Pinterest. The Motley Fool UK has recommended Meta Platforms and Pinterest. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
Yahoo
an hour ago
- Yahoo
Gemini Hires Goldmans, Citi, Morgan Stanley and Cantor as Lead Bookrunners For its IPO
Crypto exchange Gemini filed an updated registration statement for its initial public offering effort, sharing a few more details in its push to become a publicly traded firm. Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS) and Cantor acting as lead bookrunners on the IPO, Gemini said in a press release Friday. Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, Needham & Company and Rosenblatt are also acting as bookrunners, the company said. Academy Securities and AmeriVet Securities are acting as co-managers. The S-1 published on Friday follows a confidential filing submitted to the U.S. Securities and Exchange Commission back in June, and confirms "Gemini Space Station," co-founded by Cameron and Tyler Winklevoss, intends to sell an undisclosed number of Class A shares. Gemini's filing indicated that it had generated total revenue of $142.2 million in 2024, up from $98.1 million the prior year. For the six months ending on June 30, 2025, the total revenue was $68.6 million, down from $74.3 million in the first six months of 2024. Its net loss in 2024 stood at $158.6 million, compared to $319.7 million in 2023. That figure stood at $282.5 million for the first six months of 2025. Its earnings before interest, taxes, depreciation and amortization for 2024 stood at a loss of $13.2 million, and a loss of $113.5 million for the first half of 2025. Like other crypto firms, Gemini pointed to standard risks in the risk portion of the filing, including the general nature of blockchain networks and how banks and regulators view the industry. "Key factors influencing the further development of blockchain networks and digital assets include the global adoption of digital assets and blockchain technology; regulatory and quasi-government restrictions on access to and operation of blockchain networks; and the maintenance of open source protocols that support blockchain networks," the filing said. Gemini is only the latest crypto company to try and go public this year, following Circle (CRCL), eToro (ETOR) and CoinDesk parent company Bullish (BLSH). BitGo has filed for paperwork to go public as well. Gemini plans to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol in to access your portfolio
Yahoo
3 hours ago
- Yahoo
Lithia Motors, Inc. (LAD): I Actually Bought A Car At Lithia, Says Jim Cramer
We recently published . Lithia Motors, Inc. (NYSE:LAD) is one of the stocks Jim Cramer recently discussed. Lithia Motors, Inc. (NYSE:LAD) is a car retailer that rang the opening bell on the day this program was aired. The firm's shares have lost 9.7% year-to-date. However, the shares have gained 8.7% since the firm's investor presentation and earnings report at July end. The results saw Lithia Motors, Inc. (NYSE:LAD)'s earnings per share of $9.24 beat analyst estimates of $10.24 but miss revenue estimates of $9.69 billion by posting $9.58 billion. As the firm rang the opening bell, Cramer recalled that he had bought a car with Lithia Motors, Inc. (NYSE:LAD): 'By the way I actually bought a car at Lithia, so I'm like a, Lithia's a metaphor, it's a town. . .that's where Brian Deboer's from, he lived very close to my daughter. But my daughter did not live in the same style of Brian Doboer, the CEO of Lithia. . .she lived in a tent, she lived outside. Copyright: sonyae / 123RF Stock Photo River Road Small-Mid Cap Value Fund discussed Lithia Motors, Inc. (NYSE:LAD) in its Q4 2024 investor letter. Here is what the firm said: 'Another top contributor during the quarter was Lithia Motors, Inc. (NYSE:LAD) one of the largest global automotive retailers operating in North America and the United Kingdom. In late June, the auto industry was impacted by a cyberattack on CDK Global's dealership management system, which runs all back-office functions at Lithia as well as over 85% of all franchised dealers in the United States. In its Q2 2024 earnings release, LAD reported a -6.4% decline in same-store sales, driven primarily by a -4.7% decline in new vehicle units as LAD was not able to process sale transactions late in the quarter due to the CDK outage. Despite lower same-store sales, LAD outperformed expectations as its cost reduction initiatives and a shift in capital allocation resulted in sequential margin improvement and a lower share count. The company achieved its $150MM in annualized cost savings target ahead of schedule and now expects to double these savings by the end of 2024 through further inventory optimization and reductions. This will result in the all-important SG&A as a percentage gross profit declining to the mid-60s range and in line with LAD's long-term target. Acquisitions have added $27B in annualized revenues since 2020, ahead of LAD's goal of adding $25B in acquired revenues by 2025. Given the current high private market multiples for auto dealerships, LAD's management has shifted its capital allocation toward share repurchases, buying back 2.9% of the company in Q2. With low net leverage of 2.3x and year-to-date free cash flow of $740MM, we expect management to continue repurchasing shares aggressively. During the quarter, we added to the position prior to its Q2 results.' While we acknowledge the potential of LAD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
