Fraser & Neave (F & N)

[toiletsiao]

It will be interesting to know Mr. Market valuation on FCL. Wish all fellow shareholders the best tomorrow...

(vested)

anything above 1.44 i will be happy...

[CityFarmer]

It will be interesting to know Mr. Market valuation on FCL. Wish all fellow shareholders the best tomorrow...

(vested)

anything above 1.44 i will be happy...

My prediction is between $1.6 - $2.0...

[toiletsiao]

It will be interesting to know Mr. Market valuation on FCL. Wish all fellow shareholders the best tomorrow...

(vested)

anything above 1.44 i will be happy...

My prediction is between $1.6 - $2.0...

nice ... lol ... look out for FCL related announcements this evening or tmr morning..... I kept the FCL introductory document as a memoir...

[toiletsiao]

For the few left vested...
Annual Report 2013 is out
http://www.fraserandneave.com/library/AR...20AGM).pdf

[felixleong]

thanks for the info, quite a good read.
FNN really had an amazing record as shareholders made over 500% returns over the last decade.

[CityFarmer]

The EGM of the special resolution to return capital of $0.42 per share will be held on 28 Feb.

The money will be paid shortly after the approval.

Ref: http://infopub.sgx.com/FileOpen/FNL-Noti...eID=273386

[toiletsiao]

The EGM of the special resolution to return capital of $0.42 per share will be held on 28 Feb.

The money will be paid shortly after the approval.

Ref: http://infopub.sgx.com/FileOpen/FNL-Noti...eID=273386

nice...it's a change in venue from the previous EGM/AGM... this time Towkay hosting this EGM at his hotel... Hotel Intercontinential .. cool

[CityFarmer]

The EGM of the special resolution to return capital of $0.42 per share will be held on 28 Feb.

The money will be paid shortly after the approval.

Ref: http://infopub.sgx.com/FileOpen/FNL-Noti...eID=273386

nice...it's a change in venue from the previous EGM/AGM... this time Towkay hosting this EGM at his hotel... Hotel Intercontinential .. cool

May be with more time to arrange, thus able to provide a more cosy venue for the investors

[felixleong]

SINGAPORE – Food and beverage giant Fraser and Neave (F&N) on Tuesday reported first-quarter profit rose 3.2 per cent from the corresponding period a year earlier on increased sales and higher margins.

For the three months ended Dec 31, net profit amounted to S$36 million, up from S$34.9 million in the previous corresponding period as revenue increased 5 per cent to S$597 million.

Among its key business divisions, “soft drink sales grew 3 per cent, led by growth in key brands like 100PLUS, F&N SEASONS and F&N NutriSoy, and retained leading positions in the ready-to-drink segments of Singapore and Malaysia,” the company said.

“The group’s 55-per-cent held brewery in Myanmar also delivered strong results for the quarter, continuing the good momentum from fiscal 2013. Leveraging the strengths of its multi-brand portfolio and innovative marketing strategies, (the beer division) maintained its strong leading positions with volume growth of 43 per cent,” it added.

F&N said it had completed its distribution of a dividend in specie of all the shares in property arm Frasers Centrepoint Ltd (FCL) to shareholders on January 8.

“Returning to its roots from 130 years ago, F&N is now primarily a food and beverage company with a vision to become a leading consumer group in Southeast Asia,” it said.

F&N was taken over last year by companies controlled by Thai billionaire Charoen Sirivadhanabhakdi in a deal worth S$14 billion. It retained its listing on the Singapore Exchange after restoring the free float of the company’s shares to about 12 per cent in December.

In December, F&N also proposed a cash distribution of about S$607 million, or 42 cents per share, to shareholders via a capital reduction exercise that will allow it to achieve a more efficient capital structure, taking into account the nature of the remaining F&N businesses following the spin-off of FCL. The exercise will not result in a cancellation of shares or a change in the number of shares held by shareholders immediately after the capital reduction.

“Upon the completion of this exercise, F&N will have distributed about S$12 billion to shareholders within a year, demonstrating the company’s prudent financial management as well as a testament of its unwavering commitment to maximise shareholder value,” it added.

[safetyfirst]

F&N is currently priced like it can grow at 15-20% per year. Am i missing out something whenever i read aBout the earnings of F&N?