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hi any body can tell me what is the meaning of
OFFER OF 1 FOR 5
THK
 |
Distribution |
Ex Date |
Book Close |
Paid/Payable |
Particulars |
|
 |
FOOD EMPIRE HOLDINGS LIMITED |
|
|
|
BONUS |
3 Jun 2008 |
5 Jun 2008 |
|
OFFER OF 1 FOR 5 |
|
|
DIVIDEND |
9 May 2008 |
13 May 2008 |
26 May 2008 |
SGD 0.019 ONE-TIER TAX |
|
i treat this stock as cousin to Food Junction but look at it's climb from below $1. it sure make FJ look tame. at the current share price Food Empire is beyond my budget liao so sad I miss the boat for this stock :(
Hi guys....appreciate any comments on this counter..
miss the boat offload sometime ago.....
OOD EMPIRE HOLDINGS LIMITED
Shareholders Approve Acquisition To Secure Russian Manufacturing Activities
ProjectCyprusPressRelease.pdf
Generally poor volumes... TA people should avoid.
correcting again, guess the window of picking it at lower price has open
good distribution network in Russia & eastern europ!
but alway lack of transparency, lot of small holder suffer when the time Russia policy is change and it affect the profit adversely!!
SIAS said it has started covering with a "buy" rating and a target price of $0.61 in view of the company's growth prospects.
"We expect revenue to rise 17% to $215.3m in 2006 and 10% to $236.8m in 2007 due to continued strength in MacCoffee in Russia and Central Asian markets," SIAS said in a note to clients.
The advent of Indonesia's Salim Group as the firm's second largest shareholder is also expected to boost sales opportunities for the company, SIAS said. "We believe that with the Salim Group as its major shareholder, Food Empire will be able to gain a presence in markets closer to home," SIAS said. "Salim has an extensive network of contacts, particularly in Southeast Asia, and enjoys good standing among its peers."
SIAS expects Food Empire's net profit to grow to $24.8m this year from $20.6m last year and to $26.8m next year.
Salim Group will pay $0.57 a share for a 21.6% stake. Food Empire will issue 39.2m new shares at $0.57 and sell another 54m existing shares at the same price.
After the transactions are completed, Salim Group will be the 2nd largest shareholder after Tan Wang Cheow, goup chairman and managing director. After the sale, he'll hold 25.9%.
Tan said that there're "strong synergies" and it will benefit from the "extensive experience, network and international reputation" of Salim, which "has a wide and expanding network across various food industries in Indonesia, the Middle East, Thailand and Malaysia".
Dear all, please visit http://kelongstocks.blogspot.com for results commentary and TA.
a comparison with Super Coffee is made.
