Back

Latest Forum Topics / Indofood Agri    Last:0.39 --

Post Reply

Starhub Post Reply Rate topic
like2learn Veteran	16-Apr-2019 23:49        like2learn About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wah didn' t know IPO $2.8 ..... now $0.28. Is this called value destruct ?
Useful To Me  Not Useful To Me
Qanghoo Supreme	16-Apr-2019 21:45        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	2002 IPO at $2.80.  What wld 2.80 be today?  $4.00?  So, IPO $4.00.  Make use of public funds, earn enough n take back from public at 7%.  Minorities just stand by n resign to ' bo pian' .  Truly an added dimension to ' caveate emptor' .  choonmng      ( Date: 16-Apr-2019 21:02) Posted: true, i wonder if there are any tycoon wanting to make a huge buck. This price has depressed to the level that it could have a huge short interest in the back. If someone " X" is rich or a group is rich hmmm will they suddenly do a buy up of the stock - thus resulting in a panic short covering sending the stock sky high for a quick profit. Then 2 things can happen, the privatize will happen which now is on a higher price which " X" can profit higher. Or the privatize does not happen which " X" can slowly cash out also. The assets and cash position is rich - " X" can then also sell off the business to any firms who are eager to entrench into agri business.
Useful To Me  Not Useful To Me
choonmng Member	16-Apr-2019 21:02        choonmng About Contact  Quote this Post!
x 0   x 0  Alert Admin	true, i wonder if there are any tycoon wanting to make a huge buck. This price has depressed to the level that it could have a huge short interest in the back. If someone " X" is rich or a group is rich hmmm will they suddenly do a buy up of the stock - thus resulting in a panic short covering sending the stock sky high for a quick profit. Then 2 things can happen, the privatize will happen which now is on a higher price which " X" can profit higher. Or the privatize does not happen which " X" can slowly cash out also. The assets and cash position is rich - " X" can then also sell off the business to any firms who are eager to entrench into agri business.
Useful To Me  Not Useful To Me
Qanghoo Supreme	16-Apr-2019 14:03        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is true.  N this is why it' s so attractive to IPO here - so easy to make suckers out of small fries !!!! AttasBoss      ( Date: 16-Apr-2019 12:25) Posted: can complaint as much as possible, look at wheelock offer last year with RNAV more than $2.60 (profit making co, huge cash on hand nearly 900mil without a debt) but yet offering at ridiculous $2.10, and successfully delist at $2.10 without revise the offering price.
Useful To Me  Not Useful To Me
AttasBoss Elite	16-Apr-2019 12:25        AttasBoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	can complaint as much as possible, look at wheelock offer last year with RNAV more than $2.60 (profit making co, huge cash on hand nearly 900mil without a debt) but yet offering at ridiculous $2.10, and successfully delist at $2.10 without revise the offering price.
Useful To Me  Not Useful To Me
choonmng Member	16-Apr-2019 08:00        choonmng About Contact  Quote this Post!
x 0   x 0  Alert Admin	the offer is ridiculusly low , basing on a weighted average. NAV is 79cts ... i hope some white knight who is rich can block this deal or counter offer. No wonder people lose faith in the stock market. Depress price so low and privatize. Use investors money to grow and then buy is back low. Well it is business end of the day ... difference is how low to offer. AhLiang      ( Date: 14-Apr-2019 21:47) Posted: Maybe it was intended to be so. Zero sum game between only the owner and the small players. You lost faith of this owner family? They will tell you : You think I care? You are not my customers nor even Indonesians. I have sold all on the first day it reopened. Make some profits because I bought low between 0.205 and 0.26. In retrospect now I know why whenever someone (me included) bought up one pip another guy (computer in fact) would sell down using 100 shares. I mentioned this in this thread before. like2learn      ( Date: 14-Apr-2019 12:38) Posted: how come this one no institutional investor like Challenger' s case ?
Useful To Me  Not Useful To Me
AhLiang Elite	14-Apr-2019 21:47        AhLiang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe it was intended to be so. Zero sum game between only the owner and the small players. You lost faith of this owner family? They will tell you : You think I care? You are not my customers nor even Indonesians. I have sold all on the first day it reopened. Make some profits because I bought low between 0.205 and 0.26. In retrospect now I know why whenever someone (me included) bought up one pip another guy (computer in fact) would sell down using 100 shares. I mentioned this in this thread before. like2learn      ( Date: 14-Apr-2019 12:38) Posted: how come this one no institutional investor like Challenger' s case ?
Useful To Me  Not Useful To Me
Wind22i Supreme	14-Apr-2019 16:09        Wind22i About Contact  Quote this Post!
x 0   x 1  Alert Admin	The counter if just base on its assets / land also more than 70c...its ipo also more than $1 But rich ppl want to buy it cheap.. 28c
Useful To Me  Not Useful To Me
like2learn Veteran	14-Apr-2019 12:38        like2learn About Contact  Quote this Post!
x 0   x 0  Alert Admin	how come this one no institutional investor like Challenger' s case ?
Useful To Me  Not Useful To Me
Starship Supreme	14-Apr-2019 10:51        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	ysh2006      ( Date: 14-Apr-2019 07:38) Posted: Don't follow Tee Int foot step last time boss want to delist at 21c investors rejected it later mkt price dripped to 10c....issued right diluted some more ...the owner Mr Phua laughs to the bank ... 😁 😁
Useful To Me  Not Useful To Me
ysh2006 Supreme	14-Apr-2019 07:49        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not easy to fight with major SH who has 75% and above they can push down px or up to their advantage ...Court Vard Tiger air etc...😣 😣 ysh2006      ( Date: 14-Apr-2019 07:38) Posted: Don't follow Tee Int foot step last time boss want to delist at 21c investors rejected it later mkt price dripped to 10c....issued right diluted some more ...the owner Mr Phua laughs to the bank ... 😁 😁
Useful To Me  Not Useful To Me
ysh2006 Supreme	14-Apr-2019 07:38        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don't follow Tee Int foot step last time boss want to delist at 21c investors rejected it later mkt price dripped to 10c....issued right diluted some more ...the owner Mr Phua laughs to the bank ... 😁 😁
Useful To Me  Not Useful To Me
Wind22i Supreme	14-Apr-2019 07:18        Wind22i About Contact  Quote this Post!
x 0   x 1  Alert Admin	They have silly anal-yst AhLiang      ( Date: 14-Apr-2019 06:33) Posted: Only DBS believed they lost money when GAR made huge profits during the same period. And only DBS thinks that its brand name and assets are not even worth 28 cents. bamboo300306      ( Date: 13-Apr-2019 18:15) Posted: This is not a joke. It is real and it is happening there. The nav is 79 cents and the shareholders should accept based on what ground? The company is projected to lose money for the next 10 to 20 years?
Useful To Me  Not Useful To Me
AhLiang Elite	14-Apr-2019 06:33        AhLiang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Only DBS believed they lost money when GAR made huge profits during the same period. And only DBS thinks that its brand name and assets are not even worth 28 cents. bamboo300306      ( Date: 13-Apr-2019 18:15) Posted: This is not a joke. It is real and it is happening there. The nav is 79 cents and the shareholders should accept based on what ground? The company is projected to lose money for the next 10 to 20 years?
Useful To Me  Not Useful To Me
bamboo300306 Veteran	13-Apr-2019 18:15        bamboo300306 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	This is not a joke. It is real and it is happening there. The nav is 79 cents and the shareholders should accept based on what ground? The company is projected to lose money for the next 10 to 20 years?
Useful To Me  Not Useful To Me
Qanghoo Supreme	13-Apr-2019 15:56        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	What can we amke of share value when even our local fin institutions don' t seem to see value beyond what is offered? bishan22      ( Date: 13-Apr-2019 15:14) Posted: Seow liao...😁 Starship      ( Date: 13-Apr-2019 15:11) Posted: What a joking............yet again..... Indofood Agri shareholders should accept 28 cents per share offer to delist, says DBS 12/04/19, 03:39 pm DBS Group Research recommends that shareholders of Indofood Agri  Resources (IFAR) accept the 28 cents per share offer to delist, even though the offer is at the lower end of acquisition multiples for plantations. IFAR&rsquo s parent company PT Indofood Sukses Makmur on Thursday announced a voluntary conditional cash offer to acquire all the shares in IFAR that it does not currently own. PT Indofood Sukses Makmur currently holds a 74.5% stake in IFAR. If it gets control over at least 90% of the target, IFAR will be delisted and privatised. The offer price also represents a premium of 21.5%, 26.3%, 29.0% and 23.1% over the volume-weighted average price (VWAP) per share for the one-month, three-month, six-month and 12-month periods up to and including April 5 &ndash the last market day on which the shares were traded on the Singapore Exchange. See: Indofood Agri Resources gets 28 cents per share offer to delist According to lead analyst William Simadiputra, the proposed offer represents price-to-book value of close to 0.4 times, or US$4,400 EV/ha after adjusting for matured planting area. This is lower than typical plantations transactions at US$13,000 EV/ha. &ldquo We believe that IFAR&rsquo s steep discount to its peers is attributed to its shrinking operating profit margins, unlike its peers who have been able to demonstrate an ability to maintain their margins amidst palm oil price movements,&rdquo Simadiputra says. &ldquo Earnings in two out of the last three quarters had entered negative territory mainly on weak downstream and upstream margins,&rdquo he adds. In the 4Q18 ended December, IFAR sank to a loss of Rp 211.7 billion ($20 million), from earnings of Rp 76.9 billion a year ago. See: IndoAgri sinks into the red with $20 mil loss for 4Q on weak commodity prices In addition, the analyst notes that IFAR suffers from low trading liquidity. &ldquo Trading volume of IFAR has been less than 0.1% in the last 12-month period leading up to April 5, 2019,&rdquo Simadiputra says. DBS&rsquo last recommendation on IFAR was a &ldquo hold&rdquo call with a target price of 19 cents. &ldquo We remain cautious on IFAR&rsquo s earnings momentum and its ability to return to pre-2017 earnings levels, although share price performance and valuations were undemanding,&rdquo Simadiputra says. https://www.theedgesingapore.com/indofood-agri-shareholders-should-accept-28-cents-share-offer-delist-says-dbs
Useful To Me  Not Useful To Me
bishan22 Supreme	13-Apr-2019 15:14        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seow liao...😁 Starship      ( Date: 13-Apr-2019 15:11) Posted: What a joking............yet again..... Indofood Agri shareholders should accept 28 cents per share offer to delist, says DBS 12/04/19, 03:39 pm DBS Group Research recommends that shareholders of Indofood Agri  Resources (IFAR) accept the 28 cents per share offer to delist, even though the offer is at the lower end of acquisition multiples for plantations. IFAR&rsquo s parent company PT Indofood Sukses Makmur on Thursday announced a voluntary conditional cash offer to acquire all the shares in IFAR that it does not currently own. PT Indofood Sukses Makmur currently holds a 74.5% stake in IFAR. If it gets control over at least 90% of the target, IFAR will be delisted and privatised. The offer price also represents a premium of 21.5%, 26.3%, 29.0% and 23.1% over the volume-weighted average price (VWAP) per share for the one-month, three-month, six-month and 12-month periods up to and including April 5 &ndash the last market day on which the shares were traded on the Singapore Exchange. See: Indofood Agri Resources gets 28 cents per share offer to delist According to lead analyst William Simadiputra, the proposed offer represents price-to-book value of close to 0.4 times, or US$4,400 EV/ha after adjusting for matured planting area. This is lower than typical plantations transactions at US$13,000 EV/ha. &ldquo We believe that IFAR&rsquo s steep discount to its peers is attributed to its shrinking operating profit margins, unlike its peers who have been able to demonstrate an ability to maintain their margins amidst palm oil price movements,&rdquo Simadiputra says. &ldquo Earnings in two out of the last three quarters had entered negative territory mainly on weak downstream and upstream margins,&rdquo he adds. In the 4Q18 ended December, IFAR sank to a loss of Rp 211.7 billion ($20 million), from earnings of Rp 76.9 billion a year ago. See: IndoAgri sinks into the red with $20 mil loss for 4Q on weak commodity prices In addition, the analyst notes that IFAR suffers from low trading liquidity. &ldquo Trading volume of IFAR has been less than 0.1% in the last 12-month period leading up to April 5, 2019,&rdquo Simadiputra says. DBS&rsquo last recommendation on IFAR was a &ldquo hold&rdquo call with a target price of 19 cents. &ldquo We remain cautious on IFAR&rsquo s earnings momentum and its ability to return to pre-2017 earnings levels, although share price performance and valuations were undemanding,&rdquo Simadiputra says. https://www.theedgesingapore.com/indofood-agri-shareholders-should-accept-28-cents-share-offer-delist-says-dbs
Useful To Me  Not Useful To Me
Starship Supreme	13-Apr-2019 15:11        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	What a joking............yet again..... Indofood Agri shareholders should accept 28 cents per share offer to delist, says DBS 12/04/19, 03:39 pm DBS Group Research recommends that shareholders of Indofood Agri  Resources (IFAR) accept the 28 cents per share offer to delist, even though the offer is at the lower end of acquisition multiples for plantations. IFAR&rsquo s parent company PT Indofood Sukses Makmur on Thursday announced a voluntary conditional cash offer to acquire all the shares in IFAR that it does not currently own. PT Indofood Sukses Makmur currently holds a 74.5% stake in IFAR. If it gets control over at least 90% of the target, IFAR will be delisted and privatised. The offer price also represents a premium of 21.5%, 26.3%, 29.0% and 23.1% over the volume-weighted average price (VWAP) per share for the one-month, three-month, six-month and 12-month periods up to and including April 5 &ndash the last market day on which the shares were traded on the Singapore Exchange. See: Indofood Agri Resources gets 28 cents per share offer to delist According to lead analyst William Simadiputra, the proposed offer represents price-to-book value of close to 0.4 times, or US$4,400 EV/ha after adjusting for matured planting area. This is lower than typical plantations transactions at US$13,000 EV/ha. &ldquo We believe that IFAR&rsquo s steep discount to its peers is attributed to its shrinking operating profit margins, unlike its peers who have been able to demonstrate an ability to maintain their margins amidst palm oil price movements,&rdquo Simadiputra says. &ldquo Earnings in two out of the last three quarters had entered negative territory mainly on weak downstream and upstream margins,&rdquo he adds. In the 4Q18 ended December, IFAR sank to a loss of Rp 211.7 billion ($20 million), from earnings of Rp 76.9 billion a year ago. See: IndoAgri sinks into the red with $20 mil loss for 4Q on weak commodity prices In addition, the analyst notes that IFAR suffers from low trading liquidity. &ldquo Trading volume of IFAR has been less than 0.1% in the last 12-month period leading up to April 5, 2019,&rdquo Simadiputra says. DBS&rsquo last recommendation on IFAR was a &ldquo hold&rdquo call with a target price of 19 cents. &ldquo We remain cautious on IFAR&rsquo s earnings momentum and its ability to return to pre-2017 earnings levels, although share price performance and valuations were undemanding,&rdquo Simadiputra says. https://www.theedgesingapore.com/indofood-agri-shareholders-should-accept-28-cents-share-offer-delist-says-dbs
Useful To Me  Not Useful To Me
RichardF Member	13-Apr-2019 12:45        RichardF About Contact  Quote this Post!
x 0   x 0  Alert Admin	IFAR is a subsidiary company that is directly or indirectly owned by the Company Group of approximately 74.34% and is listed on the Singapore Exchange Securities Trading Limited. The offer is valid for all IFAR shares other than those that have been held by the company group on the offering date. Thus, the offer will cover 25.66% of IFAR's total shares. Meanwhile, First Pacific Investments Limited and First Pacific Investment jointly own 0.14% shares of IFAR not to accept the offer and will not sell their IFAR shares. The two entities have the same controlling party as the company. The bid price for each IFAR share is S $ 0.28 in cash. This offer will be funded through a bank loan.
Useful To Me  Not Useful To Me
bamboo300306 Veteran	12-Apr-2019 23:26        bamboo300306 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	On 28 Feb, 4Q18 reported net loss mainly due to significantly lower plantation profit on weak commodity prices and a one-off business combination impact. On 1 March, DBS downgrade the stock to $0.19. The writer of the research is unknown. https://www.dbs.com.sg/treasures/aics/templatedata/article/equity/data/en/DBSV/012014/IFAR_SP.xml On 11 April, trading resumed at 9:40 am On 11 April, Business Time updated that DBS analysts William Simadiputra and Lim Rui Wen  recommended for shareholders to accept the offer even though it is & ldquo at the lower end of acquisition multiples for plantations& rdquo . https://www.businesstimes.com.sg/companies-markets/indofood-agri-resources-gets-buyout-offer-from-indomie-maker-at-s028-per-share I wonder which bank will be engaged for the buyout offer? I don' t seem to be able  to find  recent  stock analysis  from another research firm. I feel like watching a drama. SGX should look into this to protect minority shareholders.
Useful To Me  Not Useful To Me

                                                         First   < Newer   3381-3400 of 5653   Older>   Last