Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilbert Cua was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Apr 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 228% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. High level of non-cash earnings (228% accrual ratio). Revenue is less than US$1m (₱28m revenue, or US$466k). Market cap is less than US$10m (₱483.9m market cap, or US$8.11m). Board Change • Mar 31
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilbert Cua was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilbert Cua was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Nov 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₱541.9m (US$9.21m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 3.2% per year over the past 5 years. High level of non-cash earnings (574% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (₱541.9m market cap, or US$9.21m). Board Change • Sep 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilbert Cua was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Aug 07
LMG Corp., Annual General Meeting, Sep 18, 2025 LMG Corp., Annual General Meeting, Sep 18, 2025, at 09:00 W. Australia Standard Time. Board Change • May 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilbert Cua was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 23
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilbert Cua was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 31
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilbert Cua was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilbert Cua was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Aug 10
LMG Corp., Annual General Meeting, Sep 12, 2024 LMG Corp., Annual General Meeting, Sep 12, 2024, at 09:00 W. Australia Standard Time. New Risk • May 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₱503.2m (US$8.72m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). High level of non-cash earnings (157% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (₱503.2m market cap, or US$8.72m). Board Change • Apr 10
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilbert Cua was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Jan 12
LMG Corp. Announces the Closure of and the Retirement of Business in Pasig City for the Transfer and Registration of Its Operations in Taguig City The Board of Directors of LMG Corp. (the Corporation) held a special meeting on 9 January 2024 at Unit 1915, PSE Tower, 5th Avenue corner 28th Street, Bonifacio Global City, Taguig City. During the meeting, the Board authorized the closure of and the retirement of business of the Corporation in Pasig City for the transfer and registration of its operations in Taguig City. Board Change • Dec 01
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilbert Cua was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Oct 27
LMG Corp. Announces Committee Changes LMG Corp. held its organizational meeting on October 26, 2023. The following were appointed by the Board of Directors as members of the Committees: Board Risk Oversight Committee: Rafael L. Andrada (Chairman of the Committee); Sixto S. Esquivias IV (Member); and Eduardo H. Yap (Member). Related Party Transactions Committee: Sixto S. Esquivias IV (Chairman of the Committee); Wilbert S. Cua (Member); and Regis V. Puno (Member). Board Change • Sep 05
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilbert Cua was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Aug 12
LMG Corp., Annual General Meeting, Sep 21, 2023 LMG Corp., Annual General Meeting, Sep 21, 2023. Annuncio • Jun 09
Maxwealth Infinity Holdings Corp entered into a Share Purchase Agreement to acquire 67% stake in LMG Corp. (PSE:LMG) from Ann Marrieta L. Sytin, Robinson W. Siao, and Value Quest Securities Corporation for approximately PHP 400 million. Maxwealth Infinity Holdings Corp entered into a Share Purchase Agreement to acquire 67% stake in LMG Corp. (PSE:LMG) from Ann Marrieta L. Sytin, Robinson W. Siao, and Value Quest Securities Corporation for approximately PHP 400 million on June 6, 2023. As reported, Ann Marrieta L. Sytin, Robinson W. Siao, and Value Quest Securities, Corp. on behalf of Rommel L. Sytin, Eduardo H. Yap, and Brandon Derick S. Sy will sell 129,674,598 common shares in LMG Corp. for PHP 3.10006744728 per share. Ann Marrieta L. Sytin will sell 98.6 million shares, Robinson W. Siao wil sell 29 million shares and Value Quest Securities, Corp. will sell 2.1 million shares in LMG Corp. The closing of the transaction and the full payment of LMG’s shares held by the sellers are subject to, among others, Maxwealth’s successful conduct and completion of a tender offer of the shares held by the other shareholders of LMG. The parties intend to conduct the tender offer and close the transaction within the next sixty (60) days. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilbert Cua was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Jul 28
LMG Corp., Annual General Meeting, Sep 15, 2022 LMG Corp., Annual General Meeting, Sep 15, 2022, at 09:30 Singapore Standard Time. Agenda: To consider annual report of officers and approval of the audited financial statements of the Corporation as of December 31, 2021; to consider approval and ratification of acts and proceedings of the Board of Directors, the Board Committees and Management during their respective terms of offices; to consider approval of the amendment of the Articles of Incorporation to reflect the change in principal address of the Corporation; to consider Approval of the amendment of the By-Laws; to consider election of Board of Directors for the ensuing year; to consider ratification of corporate acts to comply with the Integrated Annual Corporate Governance Report as of June 30, 2022; and to consider other matters. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₱3.00, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 11x in the Trade Distributors industry in Asia. Total loss to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₱3.04, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 11x in the Trade Distributors industry in Asia. Total loss to shareholders of 28% over the past three years. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilbert Cua was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Executive Departure • Apr 17
Independent Lead Director has left the company On the 15th of April, Joseph Tan's tenure as Independent Lead Director ended after 2.6 years in the role. As of December 2020, Joseph personally held only 101.00 shares (₱449 worth at the time). Joseph is the only executive to leave the company over the last 12 months. Annuncio • Mar 15
LMG Corp. to Report Fiscal Year 2020 Results on Mar 15, 2021 LMG Corp. announced that they will report fiscal year 2020 results on Mar 15, 2021 Is New 90 Day High Low • Feb 12
New 90-day high: ₱5.00 The company is up 13% from its price of ₱4.42 on 13 November 2020. The Filipino market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Trade Distributors industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 12
New 90-day low: ₱4.16 The company is down 4.0% from its price of ₱4.32 on 15 October 2020. The Filipino market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 10.0% over the same period. Recent Insider Transactions • Dec 23
Chairman of the Board recently sold ₱40m worth of stock On the 16th of December, Rommel Sytin sold around 9m shares on-market at roughly ₱4.50 per share. This was the largest sale by an insider in the last 3 months. This was Rommel's only on-market trade for the last 12 months. Annuncio • Sep 18
LMG Chemicals Corporation Announces Executive Changes LMG Chemicals Corporation announced that at the board meeting held on September 17, 2020, it has appointed members to the related party transaction committee: Chairman of the Committee Sixto S. Esquivias IV, Member Joseph C. Tan, and Member Regis V. Puno. Investment committee: Chairman of the Committee Robinson W. Siao, Member Rommel L. Sytin, Member Joseph C. Tan, and Member Rafael L. Andrada.