
Take a look :
http://info.sgx.com/webcorannc.nsf/AnnouncementLast3MonthsByCompanyNameAndCategory/2986BB60C1160CCE48257B3B0039A9F9?opendocument 
  Why do someone exercise the share option at per S$1.00 for 100,000 shares where market is trading only at S$0.7

Reiterate BUY with an unchanged TP of SGD0.84. 
 
 
This translates into 16x FY13F P/E vs Super Group which is trading at 26x.
RHB Research sets 84-c target for Food Empire
RHB Research sets 84-c target for Food Empire
Vested today as food.empire is one.of the leading.brand in Russia and going to expect I India.and China...maybe one day.food empire coffee will be another super coffee....