Cotabato Airport Puns

Hi Everyone,

SEC just cleared the IPO for CREIT. It's a REIT but instead of having offices/malls/townships, they have power plants, specifically solar power. Their portfolio is spread our throughout the country, which is a good sign for me since development will most likely be in non-metro areas. Per the prospectus, they'll use most of the proceeds to acquire 2 new properties in Bulacan and South Cotabato, further diversifying their portfolio.

Now the downside: They are probably linked to, if not a subsidiary of, Megawide. The Chair of the board of CREIT is also the president of Megawide, Edgar Saavedra. Megawide recently came under pressure from the Office of the Ombudsman because of allegations of violating the Anti-Dummy Law. The law punishes local firms helping foreigners evade the limits on foreign ownership and operation of public utilities. The utility in question is the Cebu-Mactan International Airport and the foreigners are members of the Indian corporation Megawide teamed up with in a joint venture to run the CMIA.

While there is clearly a demand for energy in the Philippines (remember the blackouts at the start of the year?), there is the danger of getting into bed with a company which has a criminal indictment before the Ombudsman.

What do you guys think? Are Megawide just jumping on the REIT bandwagon or are they offering an opportunity to profit from the demand for energy in the Philippines?

Links:

Megawide indictement

CREIT Prospectus

CREIT Portfolio

CREIT Board of Directors

#Happy Monday, Barkada --

#The PSE lost 19 points to 7281 ▼0.3%

Anybody ready for some IPOs, because we got a full month worth of IPOs coming up! We have A Brown Company's preferred shares next Monday (technically a FOO I guess, but it's a new ticker so I'm counting it as an IPO), Arthaland's preferred shares 4 days later, Medilines 4 days after that, Citicore Energy REIT a week later, and then Solar Philippines Nueva Ecija Corp 4 days after that. Plus Figaro should update (I doubt they'll stick with their New Year's Eve listing date), but I'm expecting that to get pushed into January (not up, but crazier things have happened). It's going to be spicy!

Shout-outs to KYCFinanceGuy_52, Joe Latham, TODAY! Headlines of the Day, Lance Nazal, Just’n, chard trades, Mazznini, Lysender, Chip Sillesa, Palaboy Trader, and Jing for the retweets, and to Mike Ting, Froilan Ramos, and Evolves.co, for the FB shares.

#▌In today's MB:

• Citicore Energy REIT Corp plans to raise P10.1 billion through December 13 IPO
• The Keepers had a pretty great day, but only if you bought the FOO
• Fruitas abandons plans to buy a medical services company from its CFO’s mom

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#▌Top 3 MB indices: NEET ▲2.46% Connectivity ▲1.70% MiddleClass ▲0.64%

#▌Bottom 3 MB indices: POGO Gaming ▼3.00% Logistics ▼1.67% Power Gen. ▼0.91%

#▌Main stories covered:

>- [IPO] Citicore Energy REIT Corp [CREIT 3.15 pre-IPO] plans to raise ₱10.1 billion through December 13 IPO... The country’s 6th REIT, owned by the same ownership group as Megawide [MWIDE 6.01 ▼0.83%], plans to sell ~1 billion primary common shares and ~1.7 billion secondary common shares, plus ~0.4 billion secondary common shares for an over-allotment option, for a total of just over 3.2 billion shares at ₱3.15/share. The public will own 49% of the company after the IPO (assuming full exercise of the over-allotment option). Check out Citicore’s website for its Preliminary REIT Plan prospectus. > - IPO deal dates: *CREIT will be priced today,

Repost:
PARA SA KAALAMAN NG LAHAT NG KABATAANG HINDI INABOT ANG MARCOS REGIME AT MALI ANG PANINIWALA SA KUWENTONG KUTSERO.
ITO ANG TOTOO .

ANG TANONG , ANO MGA NAGAWA NILA SA KANILANG PAG UPO SA MALACAÑANG?

Basahin po:

"President Ferdinand Marcos declares Martial Law. First Lady Imelda Marcos stand behind him Did You know That Martial Law Made all of This.

-Manila International Airport NAIA
-LRT-1
-Heart Center of the Philippines
-Kidney Center
-Nayong Filipino
-Bataan Nuclear Power Plant
-Coconut Palace
-PICC
-Philippines Lung Center
-Film Center
-Golden Mosque for Muslims
-Folks Arts Teatre
-SLEX and NLEX (1st in Southeast Asia)
San Juanico Bridge
- The manila Planetarium
-calauit safari farm palawan
-MTRCB,
-NEDA,
-PDIC,
-PGH
-Children hospital
-Defense Self-Reliant rocket launchers
-AFP modernization
- war planes 35 F8-crusaders
- 37 f-5 jets
- OV-10 bronco
-Sta Barbara 1st rocket P.H
-Blue diamond 1st JET team fighter P.H
-No.1 exporter of Rice and Sugar in the world
-Drugs are not rampant and drinking alcohol on the side of the roads is prohibited
-No Foreigners to Buy Real Estate in Philippines
The only president that does not make use of a cheat sheet When giving a speech here and abroad

1. Amlan Municipal High School was established 1972
2. Amparo High School was established in 1979
3. Aplaya National High School was established 1969
4. Balayan National High School (BNHS) established 1985
5. Balibago National High School established 1970
6. Bayugan National Comprehensive
   High School established 1980
7. Buenavista National High School established 1972
   Dalupaon National High School established 1972
8. Don Emilio Macias Memorial National
   High School established 1982
9. Dona Francisca Lacsamana de Ortega Memorial
   National High School established 1972
10. Dr. Juan G. Nolasco High School established 1966
11. Eastern Samar National Comprehensive
    High School established 1969
12. Francisco P. Felix Memorial National High School
    (FPFMNHS) established 1973
13. Gen. T. de Leon National High School establsihed 1969
14. Ismael Mathay, Sr. High School, formerly called
    the GSIS Village High School established 1971
15. Jose Borromeo Legaspi Memorial National
    High School established 1981
16. Kaong National High School 1974
17. Lawang Bato National High School established 1967
18. Liloy National High School establ

I don't want to step on anybody's toes here, but the amount of non-dad jokes here in this subreddit really annoys me. First of all, dad jokes CAN be NSFW, it clearly says so in the sub rules. Secondly, it doesn't automatically make it a dad joke if it's from a conversation between you and your child. Most importantly, the jokes that your CHILDREN tell YOU are not dad jokes. The point of a dad joke is that it's so cheesy only a dad who's trying to be funny would make such a joke. That's it. They are stupid plays on words, lame puns and so on. There has to be a clever pun or wordplay for it to be considered a dad joke.

Again, to all the fellow dads, I apologise if I'm sounding too harsh. But I just needed to get it off my chest.

Do your worst!

I'm surprised it hasn't decade.

For context I'm a Refuse Driver (Garbage man) & today I was on food waste. After I'd tipped I was checking the wagon for any defects when I spotted a lone pea balanced on the lifts.

I said "hey look, an escaPEA"

No one near me but it didn't half make me laugh for a good hour or so!

Edit: I can't believe how much this has blown up. Thank you everyone I've had a blast reading through the replies 😂

It really does, I swear!

Because she wanted to see the task manager.

They’re on standbi

Pilot on me!!

Nothing, he was gladiator.

Dad jokes are supposed to be jokes you can tell a kid and they will understand it and find it funny.

This sub is mostly just NSFW puns now.

If it needs a NSFW tag it's not a dad joke. There should just be a NSFW puns subreddit for that.

Edit* I'm not replying any longer and turning off notifications but to all those that say "no one cares", there sure are a lot of you arguing about it. Maybe I'm wrong but you people don't need to be rude about it. If you really don't care, don't comment.

BamBOO!

When I got home, they were still there.

What did 0 say to 8 ?

" Nice Belt "

So What did 3 say to 8 ?

" Hey, you two stop making out "

I won't be doing that today!

[Removed]

Where ever you left it 🤷‍♀️🤭

This morning, my 4 year old daughter.

Daughter: I'm hungry

Me: nerves building, smile widening

Me: Hi hungry, I'm dad.

She had no idea what was going on but I finally did it.

Thank you all for listening.

There hasn't been a post all year!

You take away their little brooms

It was about a weak back.

Why

It’s pronounced “Noel.”

After all his first name is No-vac

What, then, is Chinese rap?

Edit:

Notable mentions from the comments:

• Spanish/Swedish/Swiss/Serbian hits

• French/Finnish art

• Country/Canadian rap

• Chinese/Country/Canadian rock

• Turkish/Tunisian/Taiwanese rap

There hasn't been a single post this year!

(Happy 2022 from New Zealand)

Nothing, it just waved

Him: I can explain everything!

(It's his best joke yet I think)