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61-80 of 88
otw to 0.1?
This one I like.
I still think it has capitulated and will be a multi bagger given its Brand name.
Vested
I still think it has capitulated and will be a multi bagger given its Brand name.
Vested
Jiyaji ( Date: 28-Jul-2025 10:27) Posted:
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I believe this will hit ~0.085 post the results on 31/7.
finjungle ( Date: 13-Jul-2025 20:13) Posted:
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America was its colonial master.
After theFilipinos have learnt, the Philippines would be a propserous country with few wishing to be domestic halpers and sea farers.
After theFilipinos have learnt, the Philippines would be a propserous country with few wishing to be domestic halpers and sea farers.
Alignment ( Date: 13-Jul-2025 15:32) Posted:
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I said this would happen. Philippines keep getting taken advantage of by America and yet they never learn...
finjungle ( Date: 08-Jul-2025 10:37) Posted:
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I believe this counter was trading above 60 cents years ago, until they made the fatal mistake of buying US's DMFoods in 2014. Now that it decided to cut off the bad deal, probably best decision, as it's Philippines business is doing so well...dyodd.
Fully agree. Matter of time before the share price moves to $0.10 ... estimate by July 2026, if not earlier
There should be value attached to the brand , ' Del Monte" . Not valued at all and not recoreded in the balance sheet
ruready ( Date: 08-Jul-2025 13:05) Posted:
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Cheap buying opportunity
Del Monte Philippines&rsquo FY2025 Ebitda rises 40%, as exports growth drives sales
This comes after its parent, Singapore-listed Del Monte Pacific, says that the developments surrounding its American unit are not likely to disrupt its operations beyond the US
[SINGAPORE] Del Monte Philippines said earnings for the year ended May 2025 rose, powered by higher domestic and international sales.
The subsidiary of Philippine and Singapore-listed Del Monte Pacific : D03 +28.57% said Monday (Jul 7) that Ebitda (earnings before interest, taxation, depreciation and amortisation) surged 40 per cent year on year to 8.6 billion Philippine peso (S$194 million).
Total sales grew 14 per cent to 44.2 billion peso, as global sales jumped 22 per cent, fuelled by exports of fresh pineapple and packaged products.
Domestically, sales rose 6 per cent, amid &ldquo solid demand&rdquo across its key product categories, including beverages and packaged fruits.
Describing the performance as &ldquo strong&rdquo , Del Monte Philippines&rsquo president and chief operating officer Luis Alejandro said the result reflects the company&rsquo s &ldquo focus on consumer engagement, innovation and cost efficiency&rdquo .
The report comes as the company&rsquo s Singapore-listed parent, Del Monte Pacific, is dealing with the fallout of a bankruptcy filing of its US subsidiary Del Monte Foods (DMF).
Earlier on Monday, Del Monte Pacific said it expects to book a capital deficit on its balance sheet from write-offs in relation to DMF.
The Singapore-based company said its equity investment in DMF and certain receivables due from the US subsidiary are expected to be subject to impairment.
As at Jan 31, 2025, the Singapore-listed parent&rsquo s net investment value in DMF was US$579 million. In a statement last week, it also said it had US$169 million in net receivables from DMF and its subsidiaries.
Del Monte Pacific also said that the developments are not expected to disrupt its operations beyond the US.
Last week, the company said it would have to deconsolidate DMF from its accounts as it no longer controls the US company.
Good to chop off the cancerous part!!!
The filipinos thought they could deal with the Americans,thier political ally and revious colonial master. How wrong this turned out and costly to shareholders.
Only Sg GIC and Temasek " can " deal with the Americans
The filipinos thought they could deal with the Americans,thier political ally and revious colonial master. How wrong this turned out and costly to shareholders.
Only Sg GIC and Temasek " can " deal with the Americans
Everyday ( Date: 08-Jul-2025 07:39) Posted:
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Del Monte Philippines, Inc. Reports Strong Performance in FY2025
https://links.sgx.com/1.0.0/corporate-announcements/FV9A73HP4R28PCUO/b105bf873185f81367476edd9c7772a93f749e50bb34c982b9d1a4dd8746c85c
https://links.sgx.com/1.0.0/corporate-announcements/FV9A73HP4R28PCUO/b105bf873185f81367476edd9c7772a93f749e50bb34c982b9d1a4dd8746c85c
who is buying? Any company buy back??
gone case? difficult to come back up again
Not making money.
this shows that it is diificult to do business in America!
Only Temasek and GIC can
Only Temasek and GIC can
bloodseeker ( Date: 03-Jul-2025 11:25) Posted:
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buying del monte food for us$1.7billion 10 years ago was really a bad decision...
Who' s still buying? any more hope? Can shortsell?
finjungle ( Date: 03-Jul-2025 10:48) Posted:
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Is this th end of Del Monte?
Joelton ( Date: 03-Jul-2025 09:53) Posted:
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Del Monte Foods files for bankruptcy SGX-listed parent has over US$700 million exposure to US unit
Stock dives more than 9% after trading halt lifted US company has estimated liabilities and assets between US$1 billion and US$10 billion
[SINGAPORE] Del Monte Pacific (DMP) is expected to take a body blow from the failure of its US unit, as the latter accounts for a big chunk of its operations.
In a statement issued on Wednesday (Jul 2), Singapore- and Philippine-listed DMP said it would have to deconsolidate Del Monte Foods (DMF) from its accounts as it no longer controls the US subsidiary, which has filed for bankruptcy.
DMP in June elected to skip a payment to the US unit&rsquo s lenders as part of a lawsuit settlement tied to a controversial debt restructuring. This led to the lenders appointing a majority of DMF&rsquo s board members, and 25 per cent of DMP&rsquo s stake in DMF was transferred to them.
DMP said the loss of control over DMF led to the deconsolidation of the subsidiary from its financial statements. According to the parent&rsquo s annual report for FY2024, DMF&rsquo s US$1.7 billion of sales accounted for more than 70 per cent of DMP&rsquo s group sales. The group has been posting significant losses in its last few quarters
The group is currently assessing the financial impact of this change, noting that its net investment in DMF was valued at US$579 million as at Jan 31, 2025, with an additional US$169 million in net receivables from DMF and its subsidiaries. The impairment value will be finalised following an audit.
DMF entered a restructuring agreement with lenders and started voluntary Chapter 11 proceedings to implement its terms, securing a commitment for US$912.5 million in debtor-in-possession financing. This includes US$165 million in new funding, from certain existing lenders.
A filing with the US Bankruptcy Court states that the company has both liabilities and assets estimated between US$1 billion and US$10 billion.
DMF executed a debt overhaul last year, which became the subject of a lawsuit by left-behind lenders who said the company defaulted on a US$725 million financing agreement when it shifted the assets away from the reach of lenders.
The strategy &ndash known in industry parlance as a drop-down transaction &ndash allowed DMF to raise fresh liquidity by borrowing against the transferred assets. The deal also prioritised participating lenders via debt swaps and created different payment priorities, Bloomberg reported.
DMF said in a statement that the restructuring support agreement contemplates the company undertaking a going-concern sale process for all, or substantially all, of its assets.
Financing along with cash from ongoing operations is expected to provide sufficient liquidity during the sale process and fund ongoing operations, as it intends to keep serving customers, according to the statement.
On the Singapore bourse, DMP shares resumed trading on Wednesday after a trading halt the day before. The counter fell to as low as S$0.058, following its return to active trading at S$0.061.