Ocier, a director of DigiPlus and chair of Sy-led property and casino developer Belle Corp., has been steadily increasing his stake since Oct. 10, buying tranches of 900,000 to 950,000 shares worth around P20 million.
The purchases were made at an average price of P20.50 each.
On Thursday, Ocier disclosed additional purchases on Oct. 18 and Oct. 21 of 1.86 million shares at P20.35-20.45 each or about P38 million.
This brought his total direct and indirect holdings to about 7.4 million shares, valued at almost P150 million.
A ‘must have’ in gaming
“It’s a well-run company with very solid licenses from Pagcor [Philippine Amusement and Gaming Corp.],” Ocier said in a text message to InsiderPH when asked about his recent share purchases.
“The workforce and personnel are extremely talented and very motivated. Being a market leader in the digital gaming space, DigiPlus is a must-have in any gaming portfolio,” he added.
Slower growth
DigiPlus, chaired by ports and schools tycoon Eusebio Tanco and led by president Tsui Kin Ming, has emerged as a top stock market performer, fueled by strong earnings from its booming online bingo and sports betting games.
Trading under the stock symbol "PLUS", the company is currently valued at around P88 billion.
Earlier this month, Tanco advised investors to manage their expectations for high growth, noting that the company’s expansion is beginning to normalize.
DigiPlus hopes to sustain its momentum by entering new markets such as Brazil, a previous disclosure showed.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.