Fraser & Neave (F & N)

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#41
As an F&N shareholder, I wonder what they will do with the $5 Bil they will get for APB, if the deal goes thru. Can shareholders expect a very special dividend?

Next, I want to know what will happen to the F&B business of F&N, without a beer brewery. Maybe they will also sell it, then sell the property business as well.

I have hold this counter for more than 10 years. Feeling a bit sad over the news, but business is business and cash is cash.
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#42
if APB gets sold, maybe F&N will joint venture with Kirin & ThaiBev to brew Kirin and Chang beers?
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#43
(22-07-2012, 01:35 PM)freedom Wrote: if APB gets sold, maybe F&N will joint venture with Kirin & ThaiBev to brew Kirin and Chang beers?

Hey! Great idea! Cool
Maybe can also develop new local beer, similar to Tiger. Let's call it Lion Beer (after Lion city).. Big Grin
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------
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#44
There is already a Lion Beer in Sri Lanka...cannot kopy hor.
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#45
(22-07-2012, 02:42 PM)touzi Wrote: There is already a Lion Beer in Sri Lanka...cannot kopy hor.

With money, anything is possible. Just like Apple paying millions for the iPad trademark in China.

Before Sri Lanka, another fm USA (already closed shop),

[Image: 179px-Lion_Beer_Can.JPG]
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------
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#46
How about Merlion Beer?? But then u dun want yr customer to think about 'Merlion-ing' when drinking yr beer so maybe not such a good name.
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#47
(21-07-2012, 11:05 AM)Temperament Wrote:
(21-07-2012, 10:22 AM)KopiKat Wrote: .. And the govt wonders why our citizens are becoming like them...only money talks... Big Grin

i know it long ago. For Papys' policy is "NO Money No Talk".
Example:-
Even very insignificant things like when returning SinKaporeans at our airport (only Terminal one exist only i think at that time) were allowed to buy 6 cans of duty free beer/person; Now, we can only buy 3 cans. This was done donkeys years ago. i am sure there are many such "similar" practices if you care to dig deep into it. Then of course PaPys at times have to give you something back like the recent GST rebates for some people to show they are not so " cold & calculative' as some people think.
"NO MONEY NO TALK" is my policy. TongueBig Grin

Another example:

Wholesale fuel prices make up about 50 percent of pump prices here in Singapore (source: http://www.exxonmobil.com.sg/AP-English/...icing.aspx).

Pump prices in Malaysia are about 50% of those here in S'pore.

Since S'pore is not an oil producer, this means net cash outflow (to pay for crude) from the nation is roughly the same when a motorist pumps here or in Malaysia.

So the 3/4 tank rule is not needed to prevent net outflow of cash from the country. It just adds to the transfer of cash from motorists here to the govt since taxes and duties make up about 30 percent of pump prices here (source: same as above).
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#48
(22-07-2012, 02:42 PM)touzi Wrote: There is already a Lion Beer in Sri Lanka...cannot kopy hor.

Lion Lager
(South Africa) a Pale Lager beer by South African Breweries (SABMiller), a brewery in Sandton
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#49
A summary of events from Lim & Tan,

 Heineken, which owns an effective 42% of APB, has offered $50 a share for F&N’s effective 40% stake (valuing it at $5.1 bln or a whopping $3.60 per F&N share), to be accepted within 4 days time, July 27. (Asia Pacific Investments, co-owned by Heineken and F&N and formed more than 80 years ago, owns 64.82% of APB, while Heineken and F&N each owns a direct 7.3% and 9.5% respectively.)

 If accepted, Heineken will launch a mandatory offer for the remaining shares. At $50, ASPB’s market cap would be $12.91 bln.

 Aberdeen Asset, with a 1% stake in F&N, thinks $50 is a good price for APB (ie F&N should accept). Indeed, Financial Times noted that at this price, APB would be valued at a rich 19x EV-Ebitda, vs 11x for Heineken.

 Fact is, Kindest Place (owned by son-in-law of Charoen Sirivadhanabhakdi, founder of SGXlisted Thai Beverage) has a deal to buy OCBC’s and Great Eastern’s combined 7.9% stake in APB at $45 a share. Also, Thai Bev has a deal to buy from OCBC / GE and Lee Rubber, a collective 22% stake in F&N at $8.88 a share, to be completed within 90 days, and which is subject to approval of Thai Bev’s shareholders at an EGM.

 While the situation is “fluid”, we would not rule out F&N rejecting Heineken’s attractive offer. Nor Khun Charoen rejecting Thai Bev’s offer to buy F&N shares from OCBC / GE at Thai Bev’s EGM (ie risk to OCBC / GE’s share price). F&N then becomes largely a property company with loads of cash, and interests in soft drinks, dairies and other foods, which is unlikely of interest to Charoen or for that matter Kirin Holdings with 14.9% of F&N.

 In view of the above, HOLD may be more appropriate for now, although any surge in F&N’s share price on the back of expectation of a big payout, may also be a selling opportunity.
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------
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#50
(24-07-2012, 08:07 AM)KopiKat Wrote: A summary of events from Lim & Tan,
.
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Nor Khun Charoen rejecting Thai Bev’s offer to buy F&N shares from OCBC / GE at Thai Bev’s EGM (ie risk to OCBC / GE’s share price).
.

Mr Charoen has already pledged to vote in favour of the proposed acquisition!
para 4.2(b) of http://info.sgx.com/webcoranncatth.nsf/V...F004D58D2/$file/Proposed_Investment.pdf?openelement
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