Latest Forum Topics / F & N Last:1.35 -- | Post Reply |
F&N
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starlene
Elite |
13-May-2013 12:14
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Besides the $3280 cash plus interim dividend..read somewhere forgot how many %..somebody plse supply the fig
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Tys5115
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13-May-2013 06:48
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expecting to see same afternoon buying spree in the late afternoon like what happened previously ? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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starlene
Elite |
10-May-2013 23:34
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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_2B33EAB94B02829748257B670038E7E2/$file/Group_Financials_1H2013.pdf?openelement   Cash distribution $3.28 per share on or by July 31..proposed  |
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Tys5115
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03-May-2013 00:03
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same scenario again today and run up at closing bell. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Tys5115
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01-May-2013 00:12
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noted buying has been very strong after 3pm for the past few afternoon sessions. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Octavia
Elite |
26-Apr-2013 09:45
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UOB Kay Hian note that the recent sharp pull-back in share price reflects the expiry of the General Offer (GO) and the removal of the stock from various indices. A conglomerate discount of 10-20% suggests a potential valuation of S$8.60-9.70. As at Dec 12, F& N had net cash of $3,384m, or $2.35/share. This included the proceeds from the sale of its stake in APB and Asia Pacific Investment for $5.6b. To date, there has been no announcement of plans for the massive cash hoard. Although there was an initial offer of a 1-for-3 capital reduction, this was subsequently thwarted by the GO for F& N by TCC Assets. In the absence of any significant M& A, think F& N could consider raising its dividends to upstream funds to its major shareholders (TCC Assets and ThaiBev). House have a RNAV estimate of $10.80/share. Based on a 10-20% conglomerate discount, a potential valuation range for F& N is $8.60-9.70/share. House believe that with a new major shareholder, appointments of advisors and a significant cash war chest (> S$3b), seepotential M& A/restructuring catalysts to drive the share price closer to a discount of 10-20%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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equity
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25-Apr-2013 17:15
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    What lesson to learn from CK Tang & others? Please enlighten - hold or sell F& N if still vested.       Analyst's stories always " compelling" ... Fair value, Target price and Intrinsic value etc. are all sounded like cinderella in the making.   Public float fell to less than 10%, would minority shareholders better off learn from CK Tang and others...         |
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OLY2189
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25-Apr-2013 14:48
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go up by 0.26!!! what is the fundamental?? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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orangejuice01
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25-Apr-2013 10:21
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Analyst's stories always " compelling" ... Fair value, Target price and Intrinsic value etc. are all sounded like cinderella in the making.   Public float fell to less than 10%, would minority shareholders better off learn from CK Tang and others...             |
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guoyanyunyan
Elite |
25-Apr-2013 08:58
Yells: "uncertainty always exist" |
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...Married Deal:   Vol: 286    Value: $2,225,449   ie $7.781/share   Prev Close: $7.810... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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krisluke
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25-Apr-2013 07:27
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STOCK CALL: Fraser & Neave's (F99.SG) share-price decline is likely on a combination of factors, including its removal from key indexes, such as the STI and the MSCI DM, and concerns over plans to restore its free float to above 10%, says Deutsche Bank. It notes ThaiBev (Y92.SG) and TCC Assets, with a combined 90.3% F& N stake, have until July 19 to restore the free float. Longer term, it expects synergies between F& N's consumer and property business and ThaiBev's and TCC's existing operations as well as a possible capital return after the APB divestment yielded S$5.6 billion, or around S$3.89/share, in proceeds, putting F& N in a net cash position. But it views measures to unlock value, return capital and drive synergies as unlikely near-term as management only recently initiated a strategic review. Deutsche Bank notes F& N's correction has taken it to a more than 20% discount to the house's S$11.43 fair value estimate vs its historical average 17% discount. It keeps its Hold call with S$9.72 target while awaiting greater clarity. The stock ends down 4.8% at S$7.81, for a 17.3% week-to-date decline. |
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Tys5115
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25-Apr-2013 00:16
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Any idea how we can check who had scooped up bulk of the 18.6 mil shares at $7.81 pre-closing ?  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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teeth53
Supreme |
24-Apr-2013 23:42
Yells: "don't learn through life, learn to grow with life " |
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just wondering how it will response tomorro??, n next day is Friday liao. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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sanuks
Veteran |
24-Apr-2013 20:55
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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The price sinking really fast. Hope those who invest during high time has cut loss by now.  Will see if it falls to 7.00 SGD tomorrow. |
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zeusleo
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24-Apr-2013 19:07
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All should have dumped by today closing to minimize tracking error for their funds.
Whether it will drop further depends how they play it out. Short seller should have covered today also if not double bought. |
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dominiqueseahth
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24-Apr-2013 18:06
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does this imply tt the price will continue to slide further...why dont the thais intervene... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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zeusleo
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24-Apr-2013 17:56
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removal of FNN by MSCI therefore fund houses require to sell by today closing. That is the reason you saw the price was whacked badly during matching. Not due to other factors. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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teeth53
Supreme |
24-Apr-2013 17:33
Yells: "don't learn through life, learn to grow with life " |
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Heavily involved vested players battling out...at the closing bell and a long list traded after trading hour closed.
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teeth53
Supreme |
24-Apr-2013 16:36
Yells: "don't learn through life, learn to grow with life " |
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Battle line is draw again..after fallen to a low of $7.850 cents..
Forcing players Vs players to buy'sell at above S$8/-
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guoyanyunyan
Elite |
24-Apr-2013 11:11
Yells: "uncertainty always exist" |
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F& N down 10.9% Index funds selling: Religare
Fraser & Neave (F99.SG) drops 10.9% to $8.02, extending Monday’s 4.7% drop. “There’s uncertainty on the strategy going forward, but more importantly is the passive shareholder that has to get out,” says Jonathan Foster, director of special situations for Religare Capital. “They will be removed from the MSCI index tomorrow night there’s going to be quite a lot of index selling.” He also notes there simply aren’t many F& N shares left to trade. With slightly more than 90% of shareholders selling out after TCC Assets’ $9.55/share takeover bid, the remaining holders were either passive or index funds or small retail investors, he notes “that’s where all the selling is.”  ...Last Done: $8.11... |
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