ThaiBev    Last:0.48    +0.015

up or down on debut?

Just entered small small .40

 

Definitely thaibev is winning in either scenario, only depends whether it's a big win or small win. If they decide to sell their stake, it's a one off gain, and they cannot realize their dream of breaking out of the main market. They also need to improve the profits for their beer line, it's been making losses.

I think it's about time to enter while we wait for further news. Need to find a good entry price. 

tonylim      ( Date: 23-Nov-2012 10:25) Posted: Looks like ThBev is working on the best counter offer such that it can win the bid at affordable price and let OUE offer at a higher price to reap profit for its 34% holding of FN shares.  Either way ThBev stands to win - any view on this? skk888      ( Date: 22-Nov-2012 17:39) Posted: Haha.. Either they want to buy time to raise funds, or they want to get a higher bid, or they just want to make it a stalmate. Don't think kirin and OUE is able to garner another 35% to complete their transaction. If they do, the worse is thaibev sell to get the profit. If it becomes a stalmate, then thaibev can't tap on the cash and distribution network.

 

Looks like ThBev is working on the best counter offer such that it can win the bid at affordable price and let OUE offer at a higher price to reap profit for its 34% holding of FN shares.  Either way ThBev stands to win - any view on this?

skk888      ( Date: 22-Nov-2012 17:39) Posted: Haha.. Either they want to buy time to raise funds, or they want to get a higher bid, or they just want to make it a stalmate. Don't think kirin and OUE is able to garner another 35% to complete their transaction. If they do, the worse is thaibev sell to get the profit. If it becomes a stalmate, then thaibev can't tap on the cash and distribution network.

 

Haha.. Either they want to buy time to raise funds, or they want to get a higher bid, or they just want to make it a stalmate. Don't think kirin and OUE is able to garner another 35% to complete their transaction. If they do, the worse is thaibev sell to get the profit.

If it becomes a stalmate, then thaibev can't tap on the cash and distribution network.

 

http://news.yahoo.com/thais-extend-offer-deadline-f-091500492.html

 

Can, even 1 cent also can.

 

 

Can ThBev counter offer with just a 2cent increase to 9.10 ?  Any regulation on how much the counter offer can be?

cheerstan2002      ( Date: 21-Nov-2012 21:13) Posted: Financial report showed profit ... Not sure it will rise or not ... Recently Biosensors showed great profit, but it still get hammered down.  I hope THBEV won't be hammered down also. Actually looking at the TA, it showed signal of reversal and when the good news come from the bidding war it will surely rise above recently high of 0.445 All the best to all of us ... hope all make money thru THBEV ...

 

Financial report showed profit ... Not sure it will rise or not ...

Recently Biosensors showed great profit, but it still get hammered down.  I hope THBEV won't be hammered down also.

Actually looking at the TA, it showed signal of reversal and when the good news come from the bidding war it will surely rise above recently high of 0.445

All the best to all of us ... hope all make money thru THBEV ...


 

 

Do keep us informed when you see good news about bidding and when you think there is a turnaround and it is time to buy - in ...

Thanks

skk888      ( Date: 21-Nov-2012 12:27) Posted: jingsze! not to worry, i think for long term hold this is fine. They give quite a bit of dividends. base on past data, they give more than 50% of net profit as dividend. quite enticing to enter, but will wait for the bid info. Prob they are sourcing for funding if they want to counter offer.

 

jingsze! not to worry, i think for long term hold this is fine. They give quite a bit of dividends. base on past data, they give more than 50% of net profit as dividend.
quite enticing to enter, but will wait for the bid info. Prob they are sourcing for funding if they want to counter offer.

 

numbers looks good, but still drop. and he have not counter offer yet. dont know whats on his mind.

 

No one is excited over the results? 
I'm not vested now (used to), but the numbers look good.

 

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_BBC65E9D7DD3F91B48257ABC003B820E/$file/Q3_2012_Financial_Results_Presentation.pdf?openelement

skk888      ( Date: 19-Nov-2012 19:10) Posted: 3Q results out tomorrow. No news on the bid yet.

 

3Q results out tomorrow. No news on the bid yet.

 

ThaiBev might incurred huge debt. Not a pretty picture at all. 

 

A consortium led by Overseas Union Enterprise launched a S$13.1 billion ($10.7 billion) bid for Fraser and Neave (F& N), trumping a takeover offer from Thailand's third-richest man for the Singapore conglomerate.

Bloomberg | Getty Images

The consortium's counter bid sets the stage for a showdown between it and the Thais as it seeks to unlock value in the Singapore conglomerate, which owns a property portfolio worth more than S$8 billion, as well as a range of other businesses including popular soft drinks in Singapore and Malaysia.

The consortium is offering S$9.08 per share for F& N [FRNM.SI  9.28    0.15  (+1.64%)   ], OUE [OVES.SI  2.62    0.08  (+3.15%)   ] said in a statement on Thursday, beating the Thai offer of S$8.88 a share.

The new offer, made at a discount to F& N's last traded price of S$9.13, values the company in the middle of the S$11.9 billion-16.1 billion range estimated by F& N's independent financial adviser, JP Morgan.

" F& N is a Pan-Asian consumer group with strong standing in property, F and B (food and beverages), publishing and printing industries. Its property portfolio would be highly complementary to OUE's existing property portfolio," said Stephen Riady, executive chairman of OUE, in the statement.

" Combining both will further strengthen OUE as a leading property player in Singapore and expand our footprint in Singapore and regionally," he added.

Riady is the chairman of the Hong Kong-listed Lippo [0226.HK  3.29  ---  UNCH    ], which is in turn part of the Lippo Group. He is also the son of Mochtar Riady, the founder of Lippo Group.

Lippo Ltd, through its subsidiaries, has a majority stake in OUE, according to its 2011 annual report.

To bolster its chances of success, OUE has secured conditional support from Japan's Kirin Holdings, F& N's second-biggest shareholder with a stake of around 14.8 percent, OUE said.

Kirin will offer to buy F& N's food and beverage business for S$2.7 billion if the OUE group's bid is successful, the statement said. Kirin was not listed as part of the consortium in the statement.

The OUE-led consortium includes certain investment funds and accounts managed by Farallon Capital Management, L.L.C. and Noonday Global Management Ltd.

Credit Suisse, Bank of America Merrill Lynch and CIMB are the financial advisors to the group.

Showdown Looms

Jit Soon Lim, an analyst at Nomura, said the latest move by the OUE group is " very likely" to pressure the Thais to raise their offer.

If recent history is any guide, Thai billionaire Charoen Sirivadhanabhakdi is likely to put up a strong fight. Earlier this year, Charoen forced Dutch brewer Heineken to raise its offer to get control of Asia Pacific Breweries [APBB.SI  52.60  ---  UNCH    ], the maker of the popular Tiger Beer.

Charoen, through TCC Assets Ltd and Thai Beverage [TBEV.SI  0.405  ---  UNCH    ], made a $7.2 billion bid in September to buy shares of F& N that he did not already own, valuing the entire Singapore group at around S$12.8 billion.

The Thai group is F& N's biggest shareholder with a 33.6 percent stake, and can acquire another 2.8 percent from shareholders who accepted its offer. The Thai offer is conditional on the group obtaining majority control of F& N.

The Thai consortium has twice extended its offer from the original Oct. 29 deadline. The latest closing date is Nov. 22.

 

Very nice thoughts.  :)

bluechip138      ( Date: 16-Nov-2012 08:42) Posted: Think TB is serious about getting full control of FNN with both property and F& B segments. If not wrong, papers said that TB had admitted that they had been studying FNN for a long time before deciding to bid for FNN.    If TB is only interested in FNN's property segment, TB would have reach an agreement with Kirin long time ago to let Kirin take F& B segment, which OUE had made an agreement with Kirin now.   Bidding war just begins.. paper mentioned that TB has been seeking additional funding recently in anticipation of OUE's bid. TB never bother to raise its offer price of $8.88 by 14 Nov 12 (last day to raise its offer price according to papers), knowing they cannot secure a 50% majority support with this offer price as TB is anticipating OUE's bid.   Juz my tots....

 

Think TB is serious about getting full control of FNN with both property and F& B segments. If not wrong, papers said that TB had admitted that they had been studying FNN for a long time before deciding to bid for FNN. 

  If TB is only interested in FNN's property segment, TB would have reach an agreement with Kirin long time ago to let Kirin take F& B segment, which OUE had made an agreement with Kirin now.

  Bidding war just begins.. paper mentioned that TB has been seeking additional funding recently in anticipation of OUE's bid. TB never bother to raise its offer price of $8.88 by 14 Nov 12 (last day to raise its offer price according to papers), knowing they cannot secure a 50% majority support with this offer price as TB is anticipating OUE's bid.

  Juz my tots....

 

I personally feel the offer is not serious. Kirin and OUE should more or less know that $9.08 wont go through anyway, and its more of like helping Chareon to have more time to bid.

  Every counter offer increase his bidding period only. Maybe he is saving up money while buying time lol

 

Oops correction.. the timeline to make the counter offer will be reset..
let's see what thaibev is willing to pay..