F & N    Last:1.43    -0.01

F&N

Current Price (even at the lowest of the day of 3.21) is not attractive to me.

 

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. MetalTrader      ( Date: 30-Dec-2013 09:59) Posted: Fea

 

Not sure if this price is still considered low though

MetalTrader      ( Date: 30-Dec-2013 10:01) Posted: Only noob sell. There will be collection (buying) from low price noob sell. shjushju      ( Date: 30-Dec-2013 09:56) Posted: buy lor

 

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

 

I think it is their strategy to create liquidity. Good for us.

MetalTrader      ( Date: 30-Dec-2013 09:59) Posted: Fear nea03177      ( Date: 30-Dec-2013 09:48) Posted: Why are clients of DBS Vickers selling?

 

looks solid

 

Only noob sell. There will be collection (buying) from low price noob sell.

shjushju      ( Date: 30-Dec-2013 09:56) Posted: buy lor! OLY2189      ( Date: 30-Dec-2013 09:51) Posted: MetalTrader SOLID!!! may inch up as predicted by him

 

Thanks for your analysis for a newbie like me, Markie!

Markie      ( Date: 30-Dec-2013 09:57) Posted: I actually accumulated at $3.45. based on calculations NAV stands at 1.69 (F and N only) and   at the price I bought at $3.45, it is about 18.4x ebitda. at the  price where it opened at  $3.27, it is actually an extremely attractive level to accumulate. At that price,  it is only 1.93x NAV, lagging far behind other pure F & B companies such as Del Monte at 2.76x, Petra at 5.43x, Super at 4.69x and THB at 3.85x. Although it does have a publishing arm, u can add a little discount  and it is still attractively priced.   However, base on price to ebitda, it is priced at  17.41 times etbitda, slightly higher as compared to Petra at 16.9x, Super at 16.2x and DPML at 9.5x. It is probable NAV would actually be a good benchmark to gauge the progress of this stock in future, as F and N is definitely a premium F and B stock as compared to the other comparables, with its strong presence and market leadership in ASEAN. Synergies with THB  and further capital reduction would capitalise the stock above $4. Just my 2 cents worth. Even at  $4, it is trading at 2.35x NAV.

 

Buy now expensive right?

shjushju      ( Date: 30-Dec-2013 09:56) Posted: buy lor! OLY2189      ( Date: 30-Dec-2013 09:51) Posted: MetalTrader SOLID!!! may inch up as predicted by him

 

Fear

nea03177      ( Date: 30-Dec-2013 09:48) Posted: Why are clients of DBS Vickers selling?

 

I actually accumulated at $3.45.



based on calculations NAV stands at 1.69 (F and N only) and   at the price I bought at $3.45, it is about 18.4x ebitda.



at the  price where it opened at  $3.27, it is actually an extremely attractive level to accumulate.

At that price,  it is only 1.93x NAV, lagging far behind other pure F & B companies such as Del Monte at 2.76x, Petra at 5.43x, Super at 4.69x and THB at 3.85x. Although it does have a publishing arm, u can add a little discount  and it is still attractively priced.



  However, base on price to ebitda, it is priced at  17.41 times etbitda, slightly higher as compared to Petra at 16.9x, Super at 16.2x and DPML at 9.5x.



It is probable NAV would actually be a good benchmark to gauge the progress of this stock in future, as F and N is definitely a premium F and B stock as compared to the other comparables, with its strong presence and market leadership in ASEAN. Synergies with THB  and further capital reduction would capitalise the stock above $4. Just my 2 cents worth. Even at  $4, it is trading at 2.35x NAV. 

   

 

buy lor!

OLY2189      ( Date: 30-Dec-2013 09:51) Posted: MetalTrader SOLID!!! may inch up as predicted by him

 

Why F&N becoming such a volatile stock? 1 hr can have more than 20% diff.. Crazy man!! Can fight with pennies

 

Selldown now. so exciting lol.

 

MetalTrader SOLID!!! may inch up as predicted by him

 

Why are clients of DBS Vickers selling?

 

Amazing.

luminol      ( Date: 30-Dec-2013 09:42) Posted: wah... inching up...

 

wah... inching up...

 

Anybody knows how did the sellers determine this price (how much F& N is worth)? I thought will trade near " NAV" .

Markie      ( Date: 30-Dec-2013 09:23) Posted: And so it's now at 3.45....

 

And so it's now at 3.45....