Fraser & Neave (F & N)

[KopiKat]

Today is the 1st trading day after the SGX Annc of HY results (div 3.5ct) + Proposal of Capital Reduction ($3.28). For the Capital Reduction, it has to be approved in an EGM (date not fixed), so, there's no 100% certainty.

Today's figures for future reference / studies,

Open @ $9.07
Close @ $9.08, +$0.20
Last done $9.14 @ 5pm
Range : $9.07 to $9.21
Vol : 4,959,000

My guess is prices will be volatile (good for traders) for a while and then likely to trend lower when EGM date is closer. The results of EGM will determine the next price direction. Will be watching and learning till then... In the meantime, I'll maintain radio silence, send myself to the freezer to maintain peace here... Good Luck to all!