Thai Beverage Public Company

[CityFarmer]

IMHO as per my post in FNN thread, ThaiBev and FNN beverage which are cashcow companies, will be left to foot the credit card bill for years to come after TCC had its fill

Hi specuvestor, do you mind explaining further? Coz when i looked at the FNN presentation, the remaining F&N entity will be net cash, while FCL will have 36% gearing. Even if the numbers change due to market condition (eventual pricing of FCL), i dont think it will differ too substantially? Thanks in advance

30/06/2013 (S$m) F&N (pre-DIS) F&N (ex-FCL) FCL
Net Debt /(Cash) 1,214 -903 2124
Total Equity 8,425 2,790 5,905
Net Debt / Total Equity 14.40% Net Cash 36.0%

Let me speculate on Mr. specuvestor's point. I hope to get it right...

After all the "milking" from property segment of F&N, the F&B in F&N post-DIS is a cash cow, and will provide the cash to settle TCC remaining credit in due course.