#Happy Wednesday, Barkada --
#The PSE gained 118 points (!!) to 7401 ▲1.6%
Today, MB goes "Inside the Boardroom" with Pammy Olivares-Vital, the President of Ovialand [OLI], the Luzon-based mass market housing developer that is gearing up for a ₱1.5 billion IPO in mid-2022.
Ms. Olivares-Vital is a 2nd generation developer, a 3rd generation entrepreneur, and a mother of four. My conversation with Ms. Olivares-Vital covered a lot of ground, from how she was able to double OLI's monthly productivity and triple its per-project margin, to the important role that Pag-Ibig plays in all of OLI's plans. She's an engaging and open conversationalist. I really enjoyed my chance to speak with her candidly about the company, about its business model, and about her experiences going through the strange and transformative IPO process.
I hope you enjoy learning about this company as much as I did!
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Merkado Barkada (MB): From my personal experience, it seems like going public can be a jarring and messy process, especially for family-owned SMEs... like Ovialand [OLI]. Solving so many legacy issues in preparation for an IPO is anxious and draining work. How has your experience been in this regard?
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Pammy Olivares-Vital (POV): We've been building towards this for the past 11 years! I've been focused on constantly improving the business in terms of product, organization, and financial strength. I always knew that an IPO would be on the horizon, but when the plan to IPO actually began to take shape, our company became much more long-term focused. We know where we want to go in the next 3, 5, 10 years, and we've focused on the important things like ensuring we hit desired profit margins, strong financial ratios, organizational readiness, and proper audit procedures, among others.
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MB: Many firms that I have seen go through the process start with just the most chaotic cap tables that need to be c
He deserves to be penciled in as a starter next year until he doesn’t; I’d rather see him in the lineup everyday over Dozier.
Mondesi’s IL stint is retroactively starting on Tuesday. Olivares should be in the lineup today.
Also: Zuber is getting sent back down and Staumont is coming back.
