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Robert palmer.....addicted to love:)
Money & power.....is the rich man world:)
Money & power.....is the rich man world:)
Octavia ( Date: 10-Jan-2013 09:35) Posted:
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WHEN Thai tycoon Charoen Sirivadhanabhakdi first acquired shares in Fraser and Neave (F& N) in July 2012, the London Olympics had yet to begin, there was no iPhone 5 and Michael Palmer was still Speaker of Parliament.
Shareholders of the property and beverage group are now hoping that the region's largest-ever takeover battle will soon become history as well, and experts believe that the end-game is coming sooner rather than later.
" There is unlikely to be a last-minute type of situation," said Ong Wei Jin, a partner at Harry Elias Partnership.
Mr Charoen's longstanding $8.88-per-share offer lapses at 5.30pm today. He could, as he has done on five other occasions since formally opening his bid in September 2012, extend his offer without raising the price.
no $11 no sell !
Party time......drink don't drive:)
orangejuice01 ( Date: 04-Dec-2012 12:23) Posted:
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Its obvious the board has different composition. The Dir representing Ocbc/SG, Kirin/JP and TCC/Th would have different views on the use of or distribution of the APB proceed...hence the bid/fight for influencing/controlling stake has escalated to full take over via a general offer.
The strategic and intrinsic values of F& N group is far beyond people can comprehend....this is unlike Autonomy which HP paid with an arm and foot, but a diversified conglomeate group operating across the region with established brands, and most of all plenty of cash from sales of APB.
maxgab60 ( Date: 04-Dec-2012 10:54) Posted:
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I am new in this and would like to ask : What is the reason why the Board of Directors does not want t distribute the proceeds from sale of APB until this takeover saga ended? Also if one party manage to takeover, then the minority shareholders will not get a stake in the proceeds of the APB sale, correct? Would appreciate replies. Thanks
The bid is multi Billions scale with competing groups doing its due diligences, they have also their fiduciary responsibility to their respective shareholders...
Buying shares as Investment vs. trading it for a short term gain are 2 different mindsets. Hope and Fears are the enemies of short term traders esp with margin financing. Fundamentals are key to good investing decision...Look at the pricing trend of APB which has gone up even after the close of takeover offer.
the offer has been extended to Dec11
Price keep going up for FN but what can happen if ThBev counter offer with a 2cent increase to 9.10?
Singer88 ( Date: 22-Nov-2012 11:19) Posted:
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Will there be any surprise by ThaiBev today ?
Any reason for FN price share being pushed to 9.37 ? Is it trying to block the counter offer by ThBev or wants a higher offer?
orangejuice01 ( Date: 20-Nov-2012 09:56) Posted:
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Whatever the outcomes, as long as the bid does not fall thr' this F& N take-over is going to create a lot of value. Banks, brokers, analysts/advisors, stock exchange including the restaurants/hawkers centers where meetings took place are going to contribute to Q4 GDP....
Great to see foreign inflow of funds/investment into Sg...Great to see GE/OCBC etc are unlocking the intrinsic value of their prime gems. Are there more to come? To the Board members, Great job....!
Not sure why u say that Uoe will not benefit from APB sale since the distribution of this sale is held back because of TB & Uoe bids. If Uoe gets full control of FNN, why can't it be given $5.6b?
My apology if I did not make it clear. I am not saying that Uoe does not need to come up with large sum of $ to bid for FNN, just trying to illustrate Uoe is buying at huge discount now with its current bid. UOE should be willing to raise its bid with bigger loan, knowing the gain they attained with full control of FNN.
My apology if I did not make it clear. I am not saying that Uoe does not need to come up with large sum of $ to bid for FNN, just trying to illustrate Uoe is buying at huge discount now with its current bid. UOE should be willing to raise its bid with bigger loan, knowing the gain they attained with full control of FNN.
tonylim ( Date: 19-Nov-2012 16:40) Posted:
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Not sure your assumption is correct because the deal on APB shares is done and OUE will not get to benefit from the proceeds of APB breweries (you estimated to be $5.6 billion) . What OUE will get is only the F & B (soft drinks) business and hospitality business and other business minus the APB shares. So, OUE still has to folk out a very huge sum of money
bluechip138 ( Date: 19-Nov-2012 15:21) Posted:
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Based on OUE’s $9.08 a share bid values F& N at $13.079 bln, or effectively $4.78 bln for OUE for the property assets and other businesses, excluding the $5.6 bln that will come from F& N selling its stake in AP Brew to Heineken, and $2.7 bln OUE has agreed to sell the food & beverage business of F& N to Kirin - post offer that is.
OUE is only paying $4.78 bln for FNN's property portfolio that is estimated at more than $8 bln. i.e. $8 - 4.78 = $3.22 bln buffer for OUE to raise the offer bid for FNN.
The Thai also aware of what FNN worths. Therefore market is anticipating a bidding war with surge in FNN price.
These bizmen are not short term Traders who are quick to take profit...the bids are not over yet...So far, Kirin has not behave like short term traders (take profit and leave), they think strategically and look for opportunity (one in 30yrs) for a long term presence/gain....
Don't see Thai bizman to go for short term profit and foregoing long term regional stronghold that F& N can provide them. Anyway, the shareprice today have already surged to reflect what market thinks of 'compelling' value of this company.
F& N posts 7% fall in full-year net profit to $835.6m
Tags: F& N | Fraser & Neave
Tags: F& N | Fraser & Neave
| Written by The Edge | |||||
| Friday, 16 November 2012 22:04 | |||||
Fraser and Neave (F& N) posted a 6.9% fall in full-year net profit to $835.6 million from $897.8 million a year ago. Excluding fair value adjustment of investment properties and exceptionals, full-year net profit would have dropped 26.5% to $472.3 million from $643 million a year ago. Revenue for the same period fell 12.3% to $5.57 billion. A final ordinary dividend of 12 cents per share has been recommended, the same as last year’s. |
Thai group will definitely up the offer and invite counter offer from OUE group just like what they did with APB Subsequently just take profit and start their own food and beverage business in Thailand
orangejuice01 ( Date: 16-Nov-2012 14:59) Posted:
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How is he to tell his shareholders that TCC is to taking profit and to build a new presence as it has lost out buying F& N, with the price differential of 2.25%...not likely for a seasoned bizman... Take profit, quiting at this stage of the race...after agreeing with Henniken on APB sales, blocking the Cap reduction etc..
Would all the lined up bankers/backers feel anti-climate....?
Can anticipate next chapter to come....
phil1314 ( Date: 16-Nov-2012 14:04) Posted:
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All eyes on Charoen as OUE set to reveal F& N move
Will Charoen raise the price?
According to a source close to Charoen, F& N is an integral part of his plan for regional presence, particularly in the beverage industry.
" It's easy to set up a plant to produce bottles or products, but the success factor is logistics, to get the products to consumers. F& N's network would help," the source said.
Established in 1883, F& N today ranks among Southeast Asia's leading companies and its core businesses are the production and sale of soft drinks, dairy products, property investment and development, publishing and printing. F& N derives more than half its revenues from property holdings and has a profitable business selling F& N-branded soft drinks, mostly in Malaysia and Singapore.
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According to above article, TB knows that FNN is important as it provides the good logistics & network for its business. Unlikely TB will not put up a fight against OUE, after warding off Heineken with an agreement that Heineken not bid for FNN.
ACHARA DEBOONME
THE NATION November 12, 2012 1:00 am
THE NATION November 12, 2012 1:00 am
Will Charoen raise the price?
According to a source close to Charoen, F& N is an integral part of his plan for regional presence, particularly in the beverage industry.
" It's easy to set up a plant to produce bottles or products, but the success factor is logistics, to get the products to consumers. F& N's network would help," the source said.
Established in 1883, F& N today ranks among Southeast Asia's leading companies and its core businesses are the production and sale of soft drinks, dairy products, property investment and development, publishing and printing. F& N derives more than half its revenues from property holdings and has a profitable business selling F& N-branded soft drinks, mostly in Malaysia and Singapore.
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According to above article, TB knows that FNN is important as it provides the good logistics & network for its business. Unlikely TB will not put up a fight against OUE, after warding off Heineken with an agreement that Heineken not bid for FNN.
phil1314 ( Date: 16-Nov-2012 14:04) Posted:
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Think wise for Thai group to cash in and take profit to start their own similar business as F&N. Afterall the family are enterprising. Just step into supermarkets and see percentage of the food and drink business that are imported. They can now produce in Thailand and export to Spore. F&N products also lack high profile international branding. Kirin is interested cause they come from high cost country. Thai group should be less interested cause they are from low cost country.
orangejuice01 ( Date: 16-Nov-2012 11:42) Posted:
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