(The following statement was released by the rating agency)
Jan 22 - Standard & Poor's Ratings Services said today that its rating on Thai Beverage
Public Co. Ltd. (BBB/Watch Neg/-- axA/Watch Neg/axA-2) is not affected by related
party TCC Group's increased bid for shares in Singapore-based conglomerate Fraser &
Neave Ltd. (F& N).
We will evaluate the credit implications for Thai Bev of any future
related-party transactions between the company and TCC if the transaction with
F& N closes. In particular, we will assess how the integration of the different
operations of F& N could influence Thai Bev's business and financial risk
profiles. We will also seek more clarity about Thai Bev's plan to reduce its
debt over the next 24 months, its dividend policy, and the likelihood of
further debt-funded acquisitions.
Thai Bev's leverage increased substantially following a debt-funded
acquisition of a 29% stake in F& N in 2012. The company financed this
acquisition using a Singapore dollar 3.3 billion syndicated loan it obtained
in December. Its ratio of debt to debt plus equity increased to 62.8% as of
Sept. 30, 2012, from 27.2% as of Dec. 31, 2011.
Post Reply
1041-1060 of 1606
one lotter is lossing it power....@0.495c...?
| THBEV | M | Op-0.510 | last done-0.495c | -0.020c | -3.9% | vol changed hands - 37,027,000 |
teeth53 ( Date: 04-Feb-2013 11:27) Posted:
|
Almost 70% shares collected. Whole FNN lies in his hand.
Japanese brewer Kirin Holdings said on Friday that it will sell its entire 14.8 per cent stake in Fraser and Neave (F& N) to Thai tycoon Charoen Sirivadhanabhakdi for S$2 billion. Kirin, which bought into F& N in 2010 and is the property-and-beverage conglomerate's second largest shareholder, will book a pre-tax profit of about 47 billion yen. (BT)
jingsze91 ( Date: 04-Feb-2013 11:14) Posted:
|
News is out and oredi their games is over.
Now oni need to doing their homework on how much debt need to clear and
how much directors need to collect their Directors fee...
jingsze91 ( Date: 04-Feb-2013 11:14) Posted:
|
jingsze91 ( Date: 04-Feb-2013 11:14) Posted:
|
Hitting new high, anybody got a target price? Seem like a run-up has started.
Thai Beverage +6.6% F& N saga coming to end |
Separately, Weiming Yang, premium client manager at IG Markets Singapore, says “the market is taking comfort that the F& N bidding war is coming to an end.” Acceptances of the takeover offer as well as F& N shares owned by TCC Assets and ThaiBev are at 46.13%.
F& N’s directors have agreed to resign after the close of the offer Kirin, which holds around 15% of F& N, will make a decision on its stake by Feb. 4, an executive said.
any advise? seem to stuck at this price range. thanks
44.05% now!!
haha!
Huge buy up:
| Time | Last | Volume | Buy/Sell |
| 10:22:03 | 0.455 | 500,000 | Buy Up |
| 10:22:03 | 0.455 | 1,738,000 | Buy Up |
| 10:22:03 | 0.455 | 460,000 | Buy Up |
sanuks ( Date: 22-Jan-2013 20:52) Posted:
|
S& P Thai Bev rating unaffected by TCC's higher bid
Reuters – 4 hrs ago(The following statement was released by the rating agency)
Jan 22 - Standard & Poor's Ratings Services said today that its rating on Thai Beverage
Public Co. Ltd. (BBB/Watch Neg/-- axA/Watch Neg/axA-2) is not affected by related
party TCC Group's increased bid for shares in Singapore-based conglomerate Fraser &
Neave Ltd. (F& N).
We will evaluate the credit implications for Thai Bev of any future
related-party transactions between the company and TCC if the transaction with
F& N closes. In particular, we will assess how the integration of the different
operations of F& N could influence Thai Bev's business and financial risk
profiles. We will also seek more clarity about Thai Bev's plan to reduce its
debt over the next 24 months, its dividend policy, and the likelihood of
further debt-funded acquisitions.
Thai Bev's leverage increased substantially following a debt-funded
acquisition of a 29% stake in F& N in 2012. The company financed this
acquisition using a Singapore dollar 3.3 billion syndicated loan it obtained
in December. Its ratio of debt to debt plus equity increased to 62.8% as of
Sept. 30, 2012, from 27.2% as of Dec. 31, 2011.
Rejoice and tomorrow will be another rally:
|
Time |
Last |
Volume |
Buy/Sell |
|
17:04:34 |
0.455 |
10,000 |
Buy Up |
|
17:04:34 |
0.455 |
20,000 |
Buy Up |
|
17:04:34 |
0.455 |
30,000 |
Buy Up |
|
17:04:34 |
0.455 |
50,000 |
Buy Up |
|
17:04:34 |
0.455 |
20,000 |
Buy Up |
|
17:04:34 |
0.455 |
30,000 |
Buy Up |
|
17:04:34 |
0.455 |
10,000 |
Buy Up |
|
17:04:34 |
0.455 |
50,000 |
Buy Up |
|
17:04:34 |
0.455 |
30,000 |
Buy Up |
|
17:04:34 |
0.455 |
20,000 |
Buy Up |
|
17:04:34 |
0.455 |
40,000 |
Buy Up |
|
17:04:34 |
0.455 |
30,000 |
Buy Up |
|
17:04:34 |
0.455 |
272,000 |
Buy Up |
|
17:04:34 |
0.455 |
10,000 |
Buy Up |
|
17:04:34 |
0.455 |
18,000 |
Buy Up |
|
17:04:34 |
0.455 |
10,000 |
Buy Up |
|
17:04:34 |
0.455 |
60,000 |
Buy Up |
|
17:04:34 |
0.455 |
74,000 |
Buy Up |
|
17:04:34 |
0.455 |
50,000 |
Buy Up |
vegi09 ( Date: 22-Jan-2013 14:14) Posted:
|
Maybe you are right but there is a strong buy up at the close at .455
| Time | Last | Volume | Buy/Sell |
| 17:04:34 | 0.455 | 10,000 | Buy Up |
| 17:04:34 | 0.455 | 20,000 | Buy Up |
| 17:04:34 | 0.455 | 30,000 | Buy Up |
| 17:04:34 | 0.455 | 50,000 | Buy Up |
| 17:04:34 | 0.455 | 20,000 | Buy Up |
| 17:04:34 | 0.455 | 30,000 | Buy Up |
| 17:04:34 | 0.455 | 10,000 | Buy Up |
| 17:04:34 | 0.455 | 50,000 | Buy Up |
| 17:04:34 | 0.455 | 30,000 | Buy Up |
| 17:04:34 | 0.455 | 20,000 | Buy Up |
| 17:04:34 | 0.455 | 40,000 | Buy Up |
| 17:04:34 | 0.455 | 30,000 | Buy Up |
| 17:04:34 | 0.455 | 272,000 | Buy Up |
| 17:04:34 | 0.455 | 10,000 | Buy Up |
| 17:04:34 | 0.455 | 18,000 | Buy Up |
| 17:04:34 | 0.455 | 10,000 | Buy Up |
| 17:04:34 | 0.455 | 60,000 | Buy Up |
| 17:04:34 | 0.455 | 74,000 | Buy Up |
| 17:04:34 | 0.455 | 50,000 | Buy Up |
vegi09 ( Date: 22-Jan-2013 14:14) Posted:
|
dont be silly it would take like many days and alot of buying to make up the 10% needed by the thais if he buys from open market.
even last friday he did buy from open market just make up of only 0.5% only?
the majority still with the funds and director....
but the question here is those holding APB and F& N for so long would have huat from share price appreication and divivdend given out over the years (30 years or more)
the money we are talking about its alot like $20B? those $$ from the sale of APB @ $55? and F& N eventually @ $9.50-$10 where will they put the money?
bank?? 0.05% interest? No
Property?? No no as it has peaked
Gold ?? NO NO NO!!! unless u wanna hai the person till very jia liat
so should be back to shares...just that we need to find out which one ?
FN is trading at 9.55 with heavy volumn, is ThBev buying them in open market to achieve a 50
% ownership to turning it into an unconditional offer so that the FN Directors are prepared to accept?
jingsze91 ( Date: 22-Jan-2013 11:14) Posted:
|