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F & N
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F&N
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rutheone1905
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30-Aug-2012 17:19
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if the upside not much n unknown downside better to let go. 1lot upside cant be 1k but downside with cap reduction (after selling APB, FNN nothing glamore liao) downside unknown so leave it. this type of scenerio unless u buy way ahead otherwise no play esp u buy when all the news are out with everything factored in can be risky. peace of mind better. |
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Chico84
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30-Aug-2012 12:48
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My personally is happy enough to let go this stock few days ago..although not making money but I have peace in my mind now hehe..
My view for this stock is really unpredictable.. But I don't think it can be up to 8.88 as F&N is already proposed for capital reduction. And in the future not really sure for thbev action can have significant impact to F&N share price..but who knows it might will.. Just wait and see
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tonylim
Master |
29-Aug-2012 16:52
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This stock will just move sideway, and if lucky it may hit 8.80 (the max it can go) - so do your calculation
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ZACELL
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29-Aug-2012 15:30
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Didn''t manage to get in for FNN. However log in 5 lots of THBEV at $335. | ||||
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libraleong
Member |
29-Aug-2012 15:04
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Ya...I got 1 lot, pls advise whether keep it or sell now. Thanks.
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Chico84
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29-Aug-2012 13:33
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This F&N have too much drama episode.. | ||||
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wangerism
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29-Aug-2012 11:09
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still holdin on to mine...
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merlin_magic
Senior |
28-Aug-2012 23:43
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Waste... Sold off at 8.56...Should have hold on... Hope I can have the chance to buy back |
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1419242
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28-Aug-2012 22:34
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Thai billionaire Charoen Sirivadhanabhakdi, ThaiBev's main shareholder, has been trying to stop F& N's sale of its 40 per cent effective stake in Tiger beer maker Asia Pacific Breweries to Dutch brewer Heineken. ThaiBev said the value of the shares it bought from the open market was S$311 million, confirming market talk it was the buyer of F& N shares in a block trade last week. | ||||
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infancybird
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28-Aug-2012 20:03
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Announcement.....SGX ThaiBev now own 29% of FNN thru mkt purchase of additional 36.7 million share last weeks. Just 1% shy of 30% to trigger a general offer. Watch for possible action coming soon .May be in Oct .
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sgnewbie
Master |
28-Aug-2012 10:32
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http://sgxreports.blogspot.sg/2012/08/fraser-and-neave.html | ||||
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rutheone1905
Veteran |
28-Aug-2012 10:08
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for those planning to enter the mkt to purchase F/N at current price of let say 8.35 thinking that it will give u $$$ value at 8.50 (seem obvious advantage) got to do ur Maths carefully. the real beneficiaries in such situation are those long term shareholder tat bought at low price n enjoy div since then. the value of F/N is in its APB once this is sold it become mores like a property counter(juvenile) n the 2/3 amount of share u bought earlier at 8.35+$from capital reduction, is it worth the value? or will F/N share price can hold above $8? in fact if u do the maths u will notice tat the price should not drop below ~$8.27. so be real careful hor...... |
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mcking
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28-Aug-2012 04:15
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The management could have given $2.83 per share as special dividend or capital repayment as opposed to cancelling one third of shareholding with $8.50. The financial effect would be exactly the same except shareholders would continue to hold the same number of shares instead of being forced to hold odd lots if the shareholdings are not in multiple of 3000. The share price would probably react very differently if they had not chosen the cancellation of shares at 8.50. Now, it seems silly to buy F& N at any price above 8.50 as one third will be cancelled with 8.50 per share capital repayment. This will also make the Thai slightly happier as everyone knows that he bought the bulk of his F& N shares at $8.88 (again, the financial effect is the same but more about face).
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Chico84
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27-Aug-2012 10:46
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Lucky you.. I only can buy a glass of kopi-o =(
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merlin_magic
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27-Aug-2012 09:13
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Bought at 8.40 and Sold at 8.56... Kiasi...Didn't wait for a decade...Only a week..... Earn some kopi $ that is enough to buy few cartons of Tiger Beer.... | ||||
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1419242
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26-Aug-2012 23:28
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FRASER and Neave (F& N) has proposed a payout of $4 billion to shareholders via a capital reduction, representing 84 per cent of its potential gain from selling its Asia Pacific Breweries (APB) interest and other assets to Heineken. The move - which involves cancelling one share for every three shares held - may influence how F& N shareholders vote on the deal with Heineken. F& N will pay $8.50 for each share cancelled. This means a shareholder with 1,000 shares will end up with 670 shares and receive $2,805 in cash. The announcement came last night, after F& N's share price jumped 1.6 per cent to close at $8.45 on the back of a major block trade in the counter. Market watchers pointed to Thai Beverage - F& N's largest shareholder with a stake of 26.4 per cent - as the possible buyer. F& N has a 39.7 per cent interest in APB and its board agreed last week to sell that stake to Heineken for $5.4 billion, or $53 a share. F& N will also let go of interests in other assets, taking the total deal value to $5.59 billion. |
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Chico84
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26-Aug-2012 00:47
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So meaning we have to sell it is it?
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lucky168
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25-Aug-2012 15:20
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$8.50 for every share 1 share to be cancelled for every 3 shares shareholder with 1000 shares will get back $2850 cash, & left only 670 shares after cap exe Just wondering if the price after ex will increase by 1.5 times??? |
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infancybird
Senior |
25-Aug-2012 13:24
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FNN price is likely to be kept at or slightly below $8.50 for a purpose. The fast fast action the company is doing suggest that the sale of APB to Henieken is sealed and chopped, with the blessing from ThaiBev certainly. Wtih the capital reduction, our Thai bev will have enough returned cash to mount a buyout of a lesser heavyweitght FNN as a whole. This capital reduction also must have thaibev`s blessing too. Everything is happening so fast and well coordinated suggest that they are very well planned , activated in phrases, quite similar to military action. FNN SGX statement last night indicated that the proposed capital reduction allow for near and medium term corporate action...go read the statement carefully. More copr. action will surface so keep your shares and rides the profit.
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tiancai007
Master |
25-Aug-2012 12:46
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Likely to be capped at 8.50 by their shares reduction offer...
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