ThaiBev
Last:0.48
+0.015
up or down on debut?
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1481-1500 of 1606
Bought some at 39 cts in the afternoon. Waiting for 50 cts to come
Wait for it to touch 50cent....
This baby got more to go.
Today alot ganchio sell off to profit....
IFtoday got short sell it may chiong up to 43 or 44 cents
Angry..Could have earned more... Ok ok be contented.... Tonight goes NTUC to buy more Chang Beer.... haha .... Credos to the Thais.......
Hahahaaha.....sui sui run at 0.415, 50% of holding. The rest will die die no 0.50 no sell.
Good luck to all bros
KNS.....buay hu sell at 0.415 then coming down....ZZZZZZzzzzzzzzzzz.Shit...profit taking. Now no 0.50 don't want to sell.
why you so kanchiong.... touched .410 already
merlin_magic ( Date: 19-Sep-2012 11:45) Posted:
| Bought at 37 an hour again and let go at 40... Power of Chang beer |
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Hit .40 cents already
wesely2k ( Date: 19-Sep-2012 11:25) Posted:
| 0.375 Now.....Heee 0.40??? |
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Bought at 37 an hour again and let go at 40... Power of Chang beer
ThaiBev rating under review: Moody's
It cites uncertainties over group's direction following Charoen's F& N bid
Mr Charoen: His takeover bid for F& N also brews fresh uncertainty over F& N's plan to sell its stake in APB to Heineken - PHOTO: THAI BEVERAGE
MOODY'S Investors Service yesterday said its Baa2 rating for
Thai Beverage remains on review for a downgrade after its controlling
shareholder Charoen Sirivadhanabhakdi last week mounted a takeover bid
for Fraser & Neave (F& N) via TCC Assets.
Although Mr Charoen's $8.8 billion offer for the close to 70 per cent
of F& N he does not yet control has no immediate impact on ThaiBev's
ratings, the move raises uncertainty over the Thai tycoon's motivations
and influence over the group's strategic direction, Moody's
vice-president and senior analyst Annalisa di Chiara said.
There is also uncertainty over its potential exposure to non-core
businesses like real-estate, she added. Apart from its non-beer food and
beverage businesses, F& N owns through Frasers Centrepoint a
portfolio of residential, commercial and hospitality assets estimated to
be worth billions.
The F& N stake held by ThaiBev, TCC Assets and other related
parties had risen past the 30 per cent mark last week, triggering a
mandatory offer.
News of the bid sent F& N's share price surging last week.
Yesterday, it rose to a high of $9.01 before closing unchanged at $8.97,
above Mr Charoen's offer price of $8.88 per share.
A disclosure announcement yesterday showed that Prudential's funds'
combined stake in F& N has dropped to 7.8063 per cent from about 8
per cent last week. Its unit Eastspring Investments sold 2.5 million
F& N shares at $8.70 each on Thursday and 150,000 shares at $8.97 on
Friday. Another Prudential subsidiary, Jackson National Asset
Management, bought 5,000 F& N shares at $8.92 a piece on Thursday.
Mr Charoen's takeover bid also brews fresh uncertainty over F& N's
plan to sell its stake in Tiger Beer maker Asia Pacific Breweries (APB)
to Dutch brewer Heineken.
The Thai parties have given no indication of how they will vote on
Heineken's improved $5.6 billion offer for F& N's APB stake. That has
won approval from F& N board's but still needs shareholder approval
at the extraordinary general meeting on Sept 28.
" Should Heineken's bid for APB be successful, we expect ThaiBev to
use a portion of the sales proceeds to reduce debt on its balance sheet,
which would be credit positive," Ms Di Chiara says. But greater
exposure to unrelated businesses like real estate also means new
execution risks and a more aggressive risk tolerance from management,
which are credit negative.
If Heineken's bid falls through and F& N retains ownership of APB,
Moody's sees this as credit positive for ThaiBev. But that could be
offset by the weakening in the company's financial profile.
Moody's calculates that the company's current leverage position as
measured by debt/Ebitda (earnings before interest, taxes, depreciation
and amortisation), is about 3.5 times, higher than its historical level
of less than 1x. So far, ThaiBev has spent around $3.6 billion to
acquire its own accumulated 28.9 per cent stake in F& N, largely
funded with debt.
ThaiBev closed unchanged at 34.5 cents a share. APB rose 9 cents, or 0.17 per cent, to $53.09 a share.
woa!! up to .39 cents already.
This counter is going berserk!!!!!!!!!!
0.375 Now.....Heee 0.40???
Yiha!!!! vrooom vrooommmmmm
shadowmoon ( Date: 19-Sep-2012 11:11) Posted:
Bro hit 0.37 liao....
Cheers.
sanuks ( Date: 19-Sep-2012 10:58) Posted:
Same thinking here. Lets see.
Its not easy to be a top 5 richest man in Thailand (Population - 69,518,555). |
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Bro hit 0.37 liao....
Cheers.
sanuks ( Date: 19-Sep-2012 10:58) Posted:
Same thinking here. Lets see.
Its not easy to be a top 5 richest man in Thailand (Population - 69,518,555).
shadowmoon ( Date: 19-Sep-2012 10:43) Posted:
Hello Merlin, we are not targeting for any special divi. But more of future F& N earning will become ThaiBev extra earning chips.
That millions (now we include those future acquired one) will be used to reduce the acquire cost of F& N.
N let me repeat again, the Thai will possibiliy sell those units from F& N that they not interested to keep...
This Thai Guys got track record in Thailand, in acquiring company one. He is not that naive to buy something he don't want...
Let the story continue.....N let see how the ending will be....
CHEERIO... |
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I am wrong...37 cents..Ok ok...jumped in again at 37 cents...tripe the stake this time....
Same thinking here. Lets see.
Its not easy to be a top 5 richest man in Thailand (Population -
69,518,555). shadowmoon ( Date: 19-Sep-2012 10:43) Posted:
Hello Merlin, we are not targeting for any special divi. But more of future F& N earning will become ThaiBev extra earning chips.
That millions (now we include those future acquired one) will be used to reduce the acquire cost of F& N.
N let me repeat again, the Thai will possibiliy sell those units from F& N that they not interested to keep...
This Thai Guys got track record in Thailand, in acquiring company one. He is not that naive to buy something he don't want...
Let the story continue.....N let see how the ending will be....
CHEERIO....
merlin_magic ( Date: 19-Sep-2012 10:17) Posted:
The million or more from APB sale which will be earned by Thai Bev will go into the takeover funds for F& N itself and not distribute in the form of special dividend... No doubt long term is good but short term prospects is murky
But hor, I believe Thai Bev share price will shoot up on the conclusion of the F& N EGM in which the sales of APB to Heineken is finalised... Thereafter its share price will drop as investors focusing on its debt leverage (given its mandatory takeover for F& N) as the APB sales is out of the picture....
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I believe this is the counter to buy and hold for long time since they are going to reap dividends from F& N and @ the sametime from diversification
of this co. Cheers.
Hello Merlin, we are not targeting for any special divi. But more of future F& N earning will become ThaiBev extra earning chips.
That millions (now we include those future acquired one) will be used to reduce the acquire cost of F& N.
N let me repeat again, the Thai will possibiliy sell those units from F& N that they not interested to keep...
This Thai Guys got track record in Thailand, in acquiring company one. He is not that naive to buy something he don't want...
Let the story continue.....N let see how the ending will be....
CHEERIO....
merlin_magic ( Date: 19-Sep-2012 10:17) Posted:
The million or more from APB sale which will be earned by Thai Bev will go into the takeover funds for F& N itself and not distribute in the form of special dividend... No doubt long term is good but short term prospects is murky
But hor, I believe Thai Bev share price will shoot up on the conclusion of the F& N EGM in which the sales of APB to Heineken is finalised... Thereafter its share price will drop as investors focusing on its debt leverage (given its mandatory takeover for F& N) as the APB sales is out of the picture....
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IG Markets Singapore noted:
While Wall Street and Europe saw subdued trading last night the big
news of the day concerns a happy conclusion in the long-running battle
for Asia Pacific Breweries.
Thai tycoon Charoen has backed down and handed Heineken a free
passage to takeover APB, while he pursues the acquisition of its joint
parent company Fraser & Neave.
Many had been gearing up for a tussle between the Thais and the
Dutch brewer but Charoen perhaps sees more value in the break-up of
F& N, which has seen its share price rise above the offer price of
$8.88.
F& N has a substantial property portfolio worth more than $8
billion along with a lucrative soft drinks division, assets that Charoen
is more than familiar with. As a shrewd investor and Thailand’s third
richest man he may offer Japanese rival and fellow F& N shareholder
Kirin the sweetener of the soft drinks business if it supports his
takeover bid at the EGM on September 28.
So it could be a win-win for everyone involved. Heineken gets its
prized asset of APB, the Thais get a good price which will help fund
their takeover of F& N, shareholders see the true value of F& N
unlocked via its break-up and a possible bidding war from the likes of
Kirin and Coca-Cola while Heineken and ThaiBev may extend their
distribution via APB.
shadowmoon ( Date: 19-Sep-2012 09:59) Posted:
Sell too early. THBev will benefit about a million or more from APB sale.
Its share price will up further. |
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