F & N    Last:1.25    -0.01

F&N

Besides the $3280 cash plus interim dividend..read somewhere forgot how many %..somebody plse supply the fig

starlene      ( Date: 10-May-2013 23:34) Posted: 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

 

expecting to see same afternoon buying spree in the late afternoon like what happened previously ?

 

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 

 

same scenario again today and run up at closing bell.

 

noted buying has been very strong after 3pm for the past few afternoon sessions.

 

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%.

 

 

  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...    

   

 

go up by 0.26!!! what is the fundamental??

 

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...  

 

 

 

   

 

...Married Deal:   Vol: 286    Value: $2,225,449   ie $7.781/share   Prev Close: $7.810...

 

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.

 

Any idea how we can check who had scooped up bulk of the 18.6 mil shares at $7.81 pre-closing ? 

 

just wondering how it will response tomorro??, n next day is Friday liao.

 

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.

 

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.

 

does this imply tt the price will continue to slide further...why dont the thais intervene...

 

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.

 

Heavily involved vested players battling out...at the closing bell and a long list traded after trading hour closed.

F & N

Op-8.100

Cls-7.810

-0.390c

-4.8%

Vol-39,516,000

68,000

7.810

7.840

200,000

Hi-8.230

Lo-7.810

17:04:11	7.810	51,000	B
17:04:11	7.810	4,000	B
17:04:11	7.810	1,000	B
17:04:11	7.810	2,000	B
17:04:11	7.810	42,000	B
16:59:59	8.090	1,000	A
16:59:59	8.090	4,000	A
16:59:55	8.080	1,000	B
16:59:53	8.090	1,000	A

teeth53      ( Date: 23-Apr-2013 12:55) Posted: It reminded me, as well as players teeth53      ( Date: 20-Apr-2013 22:57) Posted: Thk for sharing, it's thought to be going for, at least three months  as agree upon to open for windows trading period with SGX enknowledge. This trading period maybe volatile in play, a chance to let go, a chance to shot at, a chance to maintain vested interest  by BBs (esp the owner) and a chance for contra player's changing hands. Just sharing my thot n stk/shr trading interest in SJ

 

Battle line is draw again..after fallen to a low of $7.850 cents..

16:29:06	7.980	1,000	A
16:29:06	7.980	1,000	X
16:29:06	7.980	1,000	B

Forcing players Vs players to buy'sell at above S$8/-

F & N

8.100

Last Done-8.000

-0.200

-2.4

Vol-18,364,000

77,000

8.000

8.010

74,000

teeth53      ( Date: 22-Apr-2013 13:21) Posted: So far, look like pesimistic players took their chances against optimistic one.   F & N Last: Done - $9.0 Volume changing hands: 2,105,000 million shr  -0.44 cents

 

F& N down 10.9% Index funds selling: Religare

Written by Dow Jones & Co, Inc

Tuesday, 23 April 2013 15:22

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...