Fraser & Neave (F & N)

(27-04-2013, 10:13 AM)toiletsiao Wrote: think Charoen can create alot of value for F&N and push F&N to great heights...compare to what the old management can do... case in pt... a couple of months ago i went bangkok... I went to this resturant and ordered coke...the waiter gave me an EST (Charoen Serm Suk's) new product...it prompted me to do some digging on this EsT

http://bizdaily.com.sg/newsite/pepsi-sud...r-breakup/

quote from the article in the link
“We did not deliberately set out to push Pepsi off the shelves but we have a very strong distribution network and if we stop distributing for one company, that company’s products will disappear from the shelves,” Pragnee Chaipidej, advertising manager at Serm Suk, said in an interview.

just imagine if Serm Suk distributes F&N products too....they can literally flood the thai market...suddenly your product is exposed to another 67million population...potential is there la...Charoen brings forth the start of an exciting era for F&N

Serm Suk is owned by Thai Bev. Looking at the product line-up (non-alcoholic drinks) of Thai Bev, there appears to be a lot of overlap with F&N. Not sure how they'll be able to handle this if they do distribute for F&N in Thailand.

IMO, the bigger plan may be for F&N to help grow Chang Beer. With the expertise F&N had acquired from Tiger Beer, they may be able to do the same for Chang Beer (which'd been in the red). Here, I'm assuming F&N has the capability ie. not lost with the sale of APB. IIRC, F&N still has some Beer related ventures eg. in Myanmar. Perhaps, mainly to tap on F&N distribution network and promotional capabilities. Who knows, we may soon be drinking and identifying ourselves with 'Elephant' Beer rather than Tiger Beer....but somehow, "Give that man an Elephant!" doesn't sound very right...

It used to be Old Friends with New Ideas.

Now it has become Old Friends with New Towkay with New Ideas on the way...

Towkay bought his initial 23% stake at 8.76xd and the balance 67% stake at 9.43xd.

That works out to be an average of 9.26xd without financing costs. Look at his principal banks - Old Wee is a backer. Dun play with Old Wee - just look at how he got United Sq in the 80s from Goldhill. Old Wee has done his sums and more than willing to vulture should it ever happen that Towkay may fail.

Anyway, Towkay average costs of 9.26xd is having his financing costs running daily. Keeping listing status perhaps is not by choice since bankers may be more than happy to slap on higher costs of financing should F&N goes private.

Don't get me wrong - I am not saying that Towkay has no money but since he is more than happily using OPM, he must play by the rules.

Valuation of F&N ranges between $8.18 to $11.10 xd, Towkay will have to cook up a spicy story in order to increase F&N's free float.

Vested Thanks to Sorchais

Old friends, new towkay, new ideas - once again closed up after tea time - ended at $8.55.

With his average costs of $9.26 before daily financing costs, he will need to match his costs before he can place out the required amount to fulfill sgx free float requirements.

Akan Datang

Old friends, New Towkay and New Ideas... however the trading pattern is starting to get stale for a "legally cornered" stock at least until 18 Jul 13.

Once again, after seeping afternoon tea, the bottle cap comes popping off again at the close - $8.65 and marching towards the Towkay's average costs of $9.26 before daily financing charges that is accumulating.

1H results was reported on 11 May 2012 last year - can shareholders look forward to a return of hard cash from APB for this coming set of interims?

I oso wish

GG

(03-05-2013, 07:50 PM)greengiraffe Wrote: Old friends, New Towkay and New Ideas... however the trading pattern is starting to get stale for a "legally cornered" stock at least until 18 Jul 13.

Once again, after seeping afternoon tea, the bottle cap comes popping off again at the close - $8.65 and marching towards the Towkay's average costs of $9.26 before daily financing charges that is accumulating.

1H results was reported on 11 May 2012 last year - can shareholders look forward to a return of hard cash from APB for this coming set of interims?

I oso wish

GG

IMO, the cash return should be declared before placement if any. The placement pricing might not necessary close to Towkay's cost price of $9.26 (ex cash return if declared)

Let's see the progress...

This series of after tea actions is getting really predictable and stale.

Ended at 885.

Seriously is the series of price action worth any investigations?

IMO, i doubt so since it is some smart fund managers that rushed for the exit door after MSCI removed a freshly takeover bluechip whose new owner decides that it is in the best interests to maintain the listing status.

Frankly, the sell down that created panic following the relisting was a totally unnecessary episode - throughout the entire trading period, there was hardly any significant change in F&N's fundamentals.

Anyway, we will keep marching towards Thai Towkay's average costs of $9.26 and the final offer price of $9.43. Thai Towkay has up till 18 Jul 13 to comply with listing requirements on F&N and he will have to come up with a real good story to convince new strategic investors to co-invest with him.

Vested

(06-05-2013, 06:23 PM)greengiraffe Wrote: This series of after tea actions is getting really predictable and stale.

Ended at 885.

Seriously is the series of price action worth any investigations?

IMO, i doubt so since it is some smart fund managers that rushed for the exit door after MSCI removed a freshly takeover bluechip whose new owner decides that it is in the best interests to maintain the listing status.

Frankly, the sell down that created panic following the relisting was a totally unnecessary episode - throughout the entire trading period, there was hardly any significant change in F&N's fundamentals.

Anyway, we will keep marching towards Thai Towkay's average costs of $9.26 and the final offer price of $9.43. Thai Towkay has up till 18 Jul 13 to comply with listing requirements on F&N and he will have to come up with a real good story to convince new strategic investors to co-invest with him.

Vested

according to F&N's webbie...they will release 2nd Quarter results on May 10th.....usually F&N will pay an interim dividend.....not sure if towkay will be generous or not this time rd

Yet another closed on the high after seeping afternoon tea - 892.

Will be keenly awaiting what financial engineering the new Towkay is up to after mkt closes on 10 May, Friday.

As it is F&N remains legally a "cornered" stock until attempts to comply with SGX free float materialises.

(07-05-2013, 11:42 PM)greengiraffe Wrote: Yet another closed on the high after seeping afternoon tea - 892.

Will be keenly awaiting what financial engineering the new Towkay is up to after mkt closes on 10 May, Friday.

As it is F&N remains legally a "cornered" stock until attempts to comply with SGX free float materialises.

What is event on 10 May, Friday?

(08-05-2013, 01:23 PM)PkNanas Wrote:

(07-05-2013, 11:42 PM)greengiraffe Wrote: Yet another closed on the high after seeping afternoon tea - 892.

Will be keenly awaiting what financial engineering the new Towkay is up to after mkt closes on 10 May, Friday.

As it is F&N remains legally a "cornered" stock until attempts to comply with SGX free float materialises.

What is event on 10 May, Friday?

If my guess is correct, what GG means is the F&N 2Q FY2013 result reporting!!