TANDUAY HOLDINGS, INC (TDY) Secondary Offering

Cheers to those who subscribed to TDY’s secondary offering! 

With your funding, Tanduay, which has brands across all major liquor categories - rum, gin, brandy, vodka and whiskey - will utilize the proceeds “for the expansion, improvement and rationalization of its various plants in Negros, Cabuyao and Quezon as well as the upgrade of its facilities in Batangas…, all of these are targeted to improve manufacturing and production capacity” (Accord Capital).

According to researchers at Citiseconline, “the new investments will allow Tanduay to expand capacity to 192,800 cases/day from 158,800 cases/day (bold and italics mine) and reduce costs by as much as Php849Mil annually”.

 I don’t know about you, but ever since I’ve tried one of Tanduay’s new products -Tanduay ICE, it’s  so hard not to support this group – or maybe that’s just the alcohol talking.  Anyways, even though I did not subscribe through the offering itself, I’m looking forward to include this stock in my portfolio if I could get it at a price cheaper than its current offering. This will definitely give me an excuse to talk about the market during our inuman sessions.