5 months DM Wenceslao shares down 19% in first year Manilatimes |Biz
MONDAY marks DM Wenceslao and Associates Inc.’s first year as a publicly listed company, yet its share price barely grew in the last 12 months. The construction and property company saw its share price plunge by 18.75 percent to P9.75 each last Friday from its IPO price of P12 apiece. It also took almost a year before the firm stayed above the P12 level, which it experienced from April 1 to 4. In the first 12 months, DM Wenceslao shares reached their highest price of P12.46 each, a 3.8-percent jump from its IPO price, and fell by as much as ... more