After taking profit from the previous stock investment purchase, the club did not make any immediate new investments soon after. The cash on hand of PhP 82197.98 was kept intact despite several tempting opportunities.
The wait was worth it as the club was able to get shares of the Aboitiz Power Corporation Initial Public Offering (IPO).
Cash--------------------------------PhP 82197.98
Aboitiz IPO 14,000 shares
at PhP 5.80/share-------------------(81,200.00)
Cash balance-----------------------PhP 997.98
The listing date is on July, 16, 2007.
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