(08-01-2014, 02:54 PM)CityFarmer Wrote: [ -> ]It will be interesting to know Mr. Market valuation on FCL. Wish all fellow shareholders the best tomorrow...
(vested)
anything above 1.44 i will be happy...
(08-01-2014, 03:01 PM)toiletsiao Wrote: [ -> ] (08-01-2014, 02:54 PM)CityFarmer Wrote: [ -> ]It will be interesting to know Mr. Market valuation on FCL. Wish all fellow shareholders the best tomorrow...
(vested)
anything above 1.44 i will be happy...
My prediction is between $1.6 - $2.0...
(08-01-2014, 03:12 PM)CityFarmer Wrote: [ -> ] (08-01-2014, 03:01 PM)toiletsiao Wrote: [ -> ] (08-01-2014, 02:54 PM)CityFarmer Wrote: [ -> ]It will be interesting to know Mr. Market valuation on FCL. Wish all fellow shareholders the best tomorrow...
(vested)
anything above 1.44 i will be happy...
My prediction is between $1.6 - $2.0...
nice ... lol ... look out for FCL related announcements this evening or tmr morning..... I kept the FCL introductory document as a memoir...
thanks for the info, quite a good read.
FNN really had an amazing record as shareholders made over 500% returns over the last decade.
(05-02-2014, 10:15 AM)CityFarmer Wrote: [ -> ]The EGM of the special resolution to return capital of $0.42 per share will be held on 28 Feb.
The money will be paid shortly after the approval.
Ref: http://infopub.sgx.com/FileOpen/FNL-Noti...eID=273386
nice...it's a change in venue from the previous EGM/AGM... this time Towkay hosting this EGM at his hotel... Hotel Intercontinential .. cool
(05-02-2014, 10:18 AM)toiletsiao Wrote: [ -> ] (05-02-2014, 10:15 AM)CityFarmer Wrote: [ -> ]The EGM of the special resolution to return capital of $0.42 per share will be held on 28 Feb.
The money will be paid shortly after the approval.
Ref: http://infopub.sgx.com/FileOpen/FNL-Noti...eID=273386
nice...it's a change in venue from the previous EGM/AGM... this time Towkay hosting this EGM at his hotel... Hotel Intercontinential .. cool
May be with more time to arrange, thus able to provide a more cosy venue for the investors
SINGAPORE – Food and beverage giant Fraser and Neave (F&N) on Tuesday reported first-quarter profit rose 3.2 per cent from the corresponding period a year earlier on increased sales and higher margins.
For the three months ended Dec 31, net profit amounted to S$36 million, up from S$34.9 million in the previous corresponding period as revenue increased 5 per cent to S$597 million.
Among its key business divisions, “soft drink sales grew 3 per cent, led by growth in key brands like 100PLUS, F&N SEASONS and F&N NutriSoy, and retained leading positions in the ready-to-drink segments of Singapore and Malaysia,” the company said.
“The group’s 55-per-cent held brewery in Myanmar also delivered strong results for the quarter, continuing the good momentum from fiscal 2013. Leveraging the strengths of its multi-brand portfolio and innovative marketing strategies, (the beer division) maintained its strong leading positions with volume growth of 43 per cent,” it added.
F&N said it had completed its distribution of a dividend in specie of all the shares in property arm Frasers Centrepoint Ltd (FCL) to shareholders on January 8.
“Returning to its roots from 130 years ago, F&N is now primarily a food and beverage company with a vision to become a leading consumer group in Southeast Asia,” it said.
F&N was taken over last year by companies controlled by Thai billionaire Charoen Sirivadhanabhakdi in a deal worth S$14 billion. It retained its listing on the Singapore Exchange after restoring the free float of the company’s shares to about 12 per cent in December.
In December, F&N also proposed a cash distribution of about S$607 million, or 42 cents per share, to shareholders via a capital reduction exercise that will allow it to achieve a more efficient capital structure, taking into account the nature of the remaining F&N businesses following the spin-off of FCL. The exercise will not result in a cancellation of shares or a change in the number of shares held by shareholders immediately after the capital reduction.
“Upon the completion of this exercise, F&N will have distributed about S$12 billion to shareholders within a year, demonstrating the company’s prudent financial management as well as a testament of its unwavering commitment to maximise shareholder value,” it added.
F&N is currently priced like it can grow at 15-20% per year. Am i missing out something whenever i read aBout the earnings of F&N?