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Latest Forum Topics / Indofood Agri    Last:0.33    +0.01  Post Reply
Indofood Agri Resources
rotijai
Supreme
23-May-2011 11:40     
 
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 Alert Admin 		ask this guy whether chun or not

artng25      ( Date: 21-May-2011 10:48) Posted:



11 May by CIMB

Quick Takes - Indofood Agri Resources - To list or not to list?
IFAR has announced an indicative price range of Rp1,060-1,700 a share for PT SIMP's IPO. The implied value for IFAR works out to only S$1.37 at the low end (33% below current price) and S$2.11 at the upper bound (3% upside from current price). At these levels, we estimate that the listing will not meet management's criterion of enhancing shareholders' value and believe there is a good chance the listing may not go through, unless the market accords a higher valuation. We are keeping our earnings forecasts and target price of S$2.73 (14.5x forward P/E). Based on our faith that management will not list SIMP below IFAR's P/E valuations, we maintain OUTPERFORM. However, we expect near-term stock weakness. Potential re-rating catalysts are a calling off of plans to list SIMP, higher-than-expected output growth and any M& As.


 

Extracted from SGX website 20th May

INDOFOOD AGRI RESOURCES LTD.

(Incorporated in the Republic of Singapore)

(Company Registration No.: 200106551G)

UPDATE ON THE IPO AND LISTING OF PT SIMP ON THE IDX

Unless otherwise stated, terms and references used in this Announcement which have not been defined herein

bear the same meaning as ascribed to them in the Circular of the Company dated 5 April 2011.

The Board of Directors of the Company wishes to update that following the conclusion of the book building

process, PT SIMP together with the underwriters in respect of the Indonesian Offering and the joint bookrunners

and international selling agents in respect of the International Offering (collectively, “

agreed in principle that a public offering of PT SIMP consists of 3,163,260,000 Offer Shares, representing

approximately 20% of its enlarged share capital after the IPO, and the Offer Price will be Rp1,100 for each Offer

Share, subject to the execution of an addendum to the Indonesian underwriting agreement and an international

coordination agreement between PT SIMP and the Underwriters on or about 23 May 2011. The IPO will result in

a dilution of the Company’s shareholding interest in PT SIMP from 90% to 72%.Underwriters”) have today
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jcho1962
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23-May-2011 11:39     
 
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Yells: "Don't Worry, Be Happy"
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 Alert Admin 		coma now
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pipi88
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23-May-2011 11:38     
 
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 Alert Admin 		break cold sweat ....
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nickyng
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23-May-2011 11:37     
 
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 Alert Admin 		huh? so WHAT are we WAITING for ?!?!? SHORT AHH !!! not until 1.30+ WONT STOP ahh1!! :P but chun or not? hee..... :D
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rotijai
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23-May-2011 11:35     
 
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er.. the lower end of the price is 1.3+..

u still got 50 cents to short..

nickyng      ( Date: 23-May-2011 11:23) Posted:



WOW !! plunged until 1.81 now !??!?! wow....11.3% drop !?!?! wah kor!! wat happened?!?! Wanna join in the SHORTING fun !??! :P

hee....

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james87
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23-May-2011 11:26     
 
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 Alert Admin 		wow...what happened.??
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nickyng
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23-May-2011 11:23     
 
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WOW !! plunged until 1.81 now !??!?! wow....11.3% drop !?!?! wah kor!! wat happened?!?! Wanna join in the SHORTING fun !??! :P

hee....
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jcho1962
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22-May-2011 00:24     
 
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Smileydoesn't look good, and moreover, many other research companies have now stopped releasing analytical reports for IndoAgri except for the following:

- cimb buy with tp $2.73 as of 11/5/2011

- dmg buy with tp $2.79 as of 05/5/2011
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artng25
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21-May-2011 10:48     
 
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11 May by CIMB

Quick Takes - Indofood Agri Resources - To list or not to list?
IFAR has announced an indicative price range of Rp1,060-1,700 a share for PT SIMP's IPO. The implied value for IFAR works out to only S$1.37 at the low end (33% below current price) and S$2.11 at the upper bound (3% upside from current price). At these levels, we estimate that the listing will not meet management's criterion of enhancing shareholders' value and believe there is a good chance the listing may not go through, unless the market accords a higher valuation. We are keeping our earnings forecasts and target price of S$2.73 (14.5x forward P/E). Based on our faith that management will not list SIMP below IFAR's P/E valuations, we maintain OUTPERFORM. However, we expect near-term stock weakness. Potential re-rating catalysts are a calling off of plans to list SIMP, higher-than-expected output growth and any M& As.


 

Extracted from SGX website 20th May

INDOFOOD AGRI RESOURCES LTD.

(Incorporated in the Republic of Singapore)

(Company Registration No.: 200106551G)

UPDATE ON THE IPO AND LISTING OF PT SIMP ON THE IDX

Unless otherwise stated, terms and references used in this Announcement which have not been defined herein

bear the same meaning as ascribed to them in the Circular of the Company dated 5 April 2011.

The Board of Directors of the Company wishes to update that following the conclusion of the book building

process, PT SIMP together with the underwriters in respect of the Indonesian Offering and the joint bookrunners

and international selling agents in respect of the International Offering (collectively, “

agreed in principle that a public offering of PT SIMP consists of 3,163,260,000 Offer Shares, representing

approximately 20% of its enlarged share capital after the IPO, and the Offer Price will be Rp1,100 for each Offer

Share, subject to the execution of an addendum to the Indonesian underwriting agreement and an international

coordination agreement between PT SIMP and the Underwriters on or about 23 May 2011. The IPO will result in

a dilution of the Company’s shareholding interest in PT SIMP from 90% to 72%.Underwriters”) have today

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smltimer
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20-May-2011 21:50     
 
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 Alert Admin 		dont know good or bad ..... any expert can share view??
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xing78
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20-May-2011 17:59     
 
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 Alert Admin 		seems like bad news to me.
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jcho1962
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20-May-2011 17:25     
 
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 Alert Admin 		Company Announcement:  Update on the IPO and Listing of PT SIMP on the IDX
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jcho1962
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20-May-2011 11:41     
 
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share price has fallen more than 90 cents since jan 2011...

are we waiting for further downside once trading resume 
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seanpent
Elite
20-May-2011 09:20     
 
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 Alert Admin 		good question ... good or bad ?
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smltimer
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20-May-2011 08:27     
 
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Halted ...... Pending the release of an announcement in relation to the IPO and Listing of PT SIMP.  

Good or bad?? ...........
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lucky168
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20-May-2011 00:25     
 
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 Alert Admin 		better switch to GAR... stronger sign
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jcho1962
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19-May-2011 18:03     
 
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once a darling with many research houses... and now what happen 
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Eri.Zakie
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11-May-2011 16:28     
 
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 Alert Admin 		Today is a relatively good day. Lets continue to pray hard that it gonna close in a blast!~
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seanpent
Elite
11-May-2011 15:53     
 
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 Alert Admin 		do take time to consider ... meantime, let the big fish scoop the bargains ...
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rotijai
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11-May-2011 15:31     
 
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 Alert Admin 		personally i will only consider palm oil stocks at the 3rd quarter..

seanpent      ( Date: 11-May-2011 15:27) Posted:

hmmm ... looks good ...
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