F & N    Last:1.43    -0.01

F&N

congratulations..........Huat arh!

starlene      ( Date: 30-Dec-2013 11:26) Posted: Sold at $4..lucky .limited upside from here. ..pushing more for windows dressing. ..F&N PUBLISHING not doing very well...left the drinks n beverage biz...may drop back....as 3.9+3.28 +1.8x2=$10.46 >9.55 the final take over price...without the ppty biz not much upside plus Mynnmar lawsuit will weigh it down. ..take profit first

 

Not so soon...Need EGM to approve first......... of course, EGM sure pass.

danytan      ( Date: 30-Dec-2013 12:38) Posted: CR not announced yet. tth1311      ( Date: 30-Dec-2013 12:37) Posted: Noob here, today XE, does it include the CR in it or it is in the CD?

 

Just re-freshing. Last mentioned in Ausgut 2013.

Lawyers for Myanma Economic Holdings Limited (MEHL), the Companys jv partner in Myanmar Brewery Limited (MBL), stating MEHLs intention to issue a notice of arbitration in respect of a potential claim relating to the Companys shares in MBL.

F&N currently holds 55% of the issued shares of MBL (the MBL Shares) with the remaining 45% Is held by MEHL.

F&N and MEHL are parties to a joint venture agreement (JVA) relating to MBL, which governs their respective shareholdings in MBL.

MEHL had purported to rely on the JVA to give notice to the Company to sell to MEHL or its nominee all of the Companys MBL Shares.

The Company said that there's no basis for MEHL to give that notice?.

The Company has engaged lawyers
and intends to vigorously resist the claim.

The Company is currently assessing the financial impact of the potential dispute. The Company will make further announcements, as appropriate, to update shareholders.

In the meantime, shareholders of the Company are advised to refrain from taking any action in respect of their shares in the Company which may be prejudicial to their interests, and to exercise caution when dealing with shares in the Company.

Anthony Cheong Fook SengGroup Company Secretary

 

Myanmar case Win Win situation for F& N (lose also win) 


now depend on events to unfold F& N & Th Bv

lol

 

Heard oni the good news, n not the Myanmar lawsuit, idea is to push to max $ share holders value.

starlene      ( Date: 30-Dec-2013 11:59) Posted: I met Mano Sabani...at F&N agm to vote for this thingy FCL ...Ii query when mgt going to place out F&N shares to maintain listing in sgx but mgt say confidential don't want to disclose. ..Mano state indicative price about $1.80 near to Fraser Comm Trust...in fact mgt very evasive refuse to disclose impact of Mynammar lawsuit...just want to push thro FCL listing only...may lose the suit ...will be bad for F&N...Forget ab injection of chang beer or other synergy bte the thai co n F&N for the interim

 

CR not announced yet.

tth1311      ( Date: 30-Dec-2013 12:37) Posted: Noob here, today XE, does it include the CR in it or it is in the CD?

 

Noob here, today XE, does it include the CR in it or it is in the CD?

 

Its okay. When F&N value rises up, we will have the last laugh. Let take 2014 benefits & dividends.

nea03177      ( Date: 30-Dec-2013 10:29) Posted: Metal Trader- They underestimate the old man. IFA said its value around $8.33-11.28(hope I recall correctly). Where got spent so much just to get back peanuts. Showtime begins! OLY2189      ( Date: 30-Dec-2013 10:09) Posted: so the target price of 1 F& N + 2 FCL is at least their buying pric

 

Lol you swoop F&N at low price, sure gain because shareholders will buy back.

Markie      ( Date: 30-Dec-2013 11:06) Posted: To some they may feel the price now is expensive. But don't forget that F and N has always been cheap due to it being subjected to a conglomerate discount. Now that it is a pure beverage play, it deserves to be priced close to its competitors the very least. Of course, there are risks involved including its Myanmar arbitration and global uncertainties. However, as long as u use industry average to gauge the expensiveness of stocks, everything shld fall in place easily to determine the price or value you would ascertain on each stock. I maintain my value of f n n as of now above 4 bucks. Fcl 1.53 bucks

 

How do u value FCL at 1.80?

starlene      ( Date: 30-Dec-2013 11:26) Posted: Sold at $4..lucky .limited upside from here. ..pushing more for windows dressing. ..F&N PUBLISHING not doing very well...left the drinks n beverage biz...may drop back....as 3.9+3.28 +1.8x2=$10.46 >9.55 the final take over price...without the ppty biz not much upside plus Mynnmar lawsuit will weigh it down. ..take profit first

 

how to reconcile the price with below slide?

Markie      ( Date: 30-Dec-2013 11:06) Posted: To some they may feel the price now is expensive. But don't forget that F and N has always been cheap due to it being subjected to a conglomerate discount. Now that it is a pure beverage play, it deserves to be priced close to its competitors the very least. Of course, there are risks involved including its Myanmar arbitration and global uncertainties. However, as long as u use industry average to gauge the expensiveness of stocks, everything shld fall in place easily to determine the price or value you would ascertain on each stock. I maintain my value of f n n as of now above 4 bucks. Fcl 1.53 bucks

 

To some they may feel the price now is expensive. But don't forget that F and N has always been cheap due to it being subjected to a conglomerate discount. Now that it is a pure beverage play, it deserves to be priced close to its competitors the very least.

Of course, there are risks involved including its Myanmar arbitration and global uncertainties. However, as long as u use industry average to gauge the expensiveness of stocks, everything shld fall in place easily to determine the price or value you would ascertain on each stock.

I maintain my value of f n n as of now above 4 bucks. Fcl 1.53 bucks

 

In order for THBEV to go up, they have to push F&N and FCL. DYODD!

luminol      ( Date: 30-Dec-2013 09:13) Posted: Yup... synergistic effect propel to 70c, not 60c ^^ nea03177      ( Date: 30-Dec-2013 07:56) Posted: Smart people ask smart questions. The questions we ask will reflect that. THBEV going to exchange their FCL with TCC later on if what is revealed in their statement in FCL brochure. Hope synergy push your THBEV to more than 60 cents! Okie

 

Metal Trader- They underestimate the old man. IFA said its value around $8.33-11.28(hope I recall correctly). Where got spent so much just to get back peanuts. Showtime begins!

OLY2189      ( Date: 30-Dec-2013 10:09) Posted: so the target price of 1 F& N + 2 FCL is at least their buying price MetalTrader      ( Date: 30-Dec-2013 10:04) Posted: Its solid, otherwise largest shareholder won't buy at $9.50 & CEO+ minor of F&N won't sell at $8.80 unconditionally.

 

maybe its too above NAV for him

luminol      ( Date: 30-Dec-2013 10:11) Posted: Because u too stingy ah? :x shjushju      ( Date: 30-Dec-2013 10:08) Posted: Current Price (even at the lowest of the day of 3.21) is not attractive to me.

 

I am not stingy. u just do your calculation

luminol      ( Date: 30-Dec-2013 10:11) Posted: Because u too stingy ah? :x shjushju      ( Date: 30-Dec-2013 10:08) Posted: Current Price (even at the lowest of the day of 3.21) is not attractive to me.

 

Bro you bought in?

MetalTrader      ( Date: 30-Dec-2013 10:05) Posted: Let noob sell 1st, then buy in all :) nea03177      ( Date: 30-Dec-2013 10:03) Posted: I think it is their strategy to create liquidity. Good for us.

 

  It is likely FCL will trade at worst case scenario 0.60x P/B, which is about $1.224. Its NAV stands at 2.04 (and considering this is not revalued yet, there is potential for further upside to its current NAV). The current average of all property developers is about 0.75x P/B. At 0.75x, the price would be at $1.53. This is a reasonable value against all other developers.



HOWEVER,  with the impending hospitality listing and further corporate restructuring, we are likely to see a further narrowing of its price to book ratio. Thus, there is possible upside to the reasonable valuation at $1.53.



  at the price of $4.00 now for F and N, and should FCL open at $1.53, total gains for F and N bought before Dividend in Specie is $7.00. And this is only now. If u  continue to  accumulate  F and N, which is still relatively cheap at $4.00, plus FCL should it open below reasonable valuation, it  is likely ur profit would be two hold.

A reasonable valuation for  F and N, is definitely above $4.00 

 

Because u too stingy ah? :x

shjushju      ( Date: 30-Dec-2013 10:08) Posted: Current Price (even at the lowest of the day of 3.21) is not attractive to me.

 

so the target price of 1 F& N + 2 FCL is at least their buying price

MetalTrader      ( Date: 30-Dec-2013 10:04) Posted: Its solid, otherwise largest shareholder won't buy at $9.50 & CEO+ minor of F&N won't sell at $8.80 unconditionally. evildd      ( Date: 30-Dec-2013 10:01) Posted: looks solid