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31-07-2012, 11:29 PM
(This post was last modified: 31-07-2012, 11:32 PM by swakoo.)
(31-07-2012, 08:56 PM)KopiKat Wrote: ThaiBev is not sitting still,
THE PROPOSED INVESTMENT IN SHARES OF FRASER AND NEAVE, LIMITED – WAIVER OF REQUIREMENT TO SUBJECT PROPOSED INVESTMENT TO SHAREHOLDERS' APPROVAL
Am pondering over this sentence in the announcement:
Quote:The Company's paramount intention is to work constructively with all stakeholders of F&N to create value, to benefit all parties.
Heineken is presumably considered by Thai Bev as a stakeholder of F&N too?
The words "to create value" presumably means the status quo will not be an outcome, as change is needed to "create" something?
(29-07-2012, 08:45 AM)KopiKat Wrote: Yahoo Finance doesn't seem to like me. Was trying to get similar charts and it just refuses to give me the July data when I was trying to do shorter period charts (but 5D ok)....
The problem is not with you. Yahoo Finance is rather erratic and sometimes inconsistent - probably a symptom why the company has not been doing well.
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01-08-2012, 07:53 AM
(This post was last modified: 01-08-2012, 10:01 AM by KopiKat.)
(31-07-2012, 11:29 PM)swakoo Wrote: (31-07-2012, 08:56 PM)KopiKat Wrote: ThaiBev is not sitting still,
THE PROPOSED INVESTMENT IN SHARES OF FRASER AND NEAVE, LIMITED – WAIVER OF REQUIREMENT TO SUBJECT PROPOSED INVESTMENT TO SHAREHOLDERS' APPROVAL
Am pondering over this sentence in the announcement:
Quote:The Company's paramount intention is to work constructively with all stakeholders of F&N to create value, to benefit all parties.
Heineken is presumably considered by Thai Bev as a stakeholder of F&N too?
The words "to create value" presumably means the status quo will not be an outcome, as change is needed to "create" something?
I suppose they're open to 'horse-trading' activites with Heineken and Kirin... I take the 'Properties', u take 'APB' + I can give you 'Chang Beer', in return, I also take the rest of the F&B,....
Main thing is, they don't want any of the 'crown jewels' to be sold before they have even come on board...
A quick look at ThaiBev AR2011 (pg 28-37) shows a lot of product overlap with F&N F&B biz. Interestingly, one ID (Mr Ng Tat Pun) was an EVP of OCBC from 1988-97). Lastly, on Pg 80, the 'Beer' segment is showing a Net Loss for FY2010 and FY2011.
So, it does look like ThaiBev may have very strong interest on the F&B biz of F&N after all and not just the 'Beer' part of it.
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or maybe ThaiBev can help get a better price tag on APB. The whole saga starts with ThaiBev buying F&N and related co buying APB.
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01-08-2012, 06:02 PM
(This post was last modified: 01-08-2012, 06:04 PM by swakoo.)
(01-08-2012, 07:59 AM)freedom Wrote: or maybe ThaiBev can help get a better price tag on APB.
F&N in talks with Heineken for higher APB offer: sources
(01-08-2012, 07:53 AM)KopiKat Wrote: I suppose they're open to 'horse-trading' activites with Heineken and Kirin... I take the 'Properties', u take 'APB' + I can give you 'Chang Beer', in return, I also take the rest of the F&B,....
You mean paper, scissors, stone?
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(01-08-2012, 07:53 AM)KopiKat Wrote: So, it does look like ThaiBev may have very strong interest on the F&B biz of F&N after all and not just the 'Beer' part of it.
So does Coca Cola...
Coca-Cola Said to Explore Offer for F&N Beverage Division
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(02-08-2012, 08:21 AM)swakoo Wrote: (01-08-2012, 07:53 AM)KopiKat Wrote: So, it does look like ThaiBev may have very strong interest on the F&B biz of F&N after all and not just the 'Beer' part of it.
So does Coca Cola...
Coca-Cola Said to Explore Offer for F&N Beverage Division
Sheez... Every Tom, Dick, Harry seems to see Value in F&N except our National Sovereign Fund...
Getting crowded, prob hv to resort to COE type of bidding....
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02-08-2012, 09:37 AM
(This post was last modified: 02-08-2012, 09:38 AM by yeokiwi.)
(02-08-2012, 08:42 AM)KopiKat Wrote: (02-08-2012, 08:21 AM)swakoo Wrote: (01-08-2012, 07:53 AM)KopiKat Wrote: So, it does look like ThaiBev may have very strong interest on the F&B biz of F&N after all and not just the 'Beer' part of it.
So does Coca Cola...
Coca-Cola Said to Explore Offer for F&N Beverage Division
Sheez... Every Tom, Dick, Harry seems to see Value in F&N except our National Sovereign Fund...
Getting crowded, prob hv to resort to COE type of bidding....
Basically, F&N is worth more in pieces than whole.
Nobody wants the publishing business??
Maybe, after getting the windfall from selling its food and beverage business, F&N is interested in buying Popular ?
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02-08-2012, 09:54 AM
(This post was last modified: 02-08-2012, 10:00 AM by KopiKat.)
(02-08-2012, 09:37 AM)yeokiwi Wrote: Basically, F&N is worth more in pieces than whole.
Nobody wants the publishing business??
Maybe, after getting the windfall from selling its food and beverage business, F&N is interested in buying Popular ?
No lah... I posted in Popular Hldgs thread that I think they should go bid for the Times Publishing biz. IIRC, CIMB SOP est is $200+Mil, can try to bid for less than $100M (Pop has enough Cash and still have leftover for Working Capital) since everyone seems to be rushing to F&N for a Closing Down Sale...can get much better discounts now (the other vultures are only interested in the F&B mainly)...If successful, with the bigger critical mass, break up Popular into 3 companies - Book Stores, Publishing and Properties, then get it listed plus give Pop shareholders these shares as Dividend in Specie..
PS, Can also horse-trade with F&N. F&N still have a huge Property biz and may also be reinvented as a Property co. In that case can swop Pop's tiny Property biz as an incentive for bigger discounts...
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