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Del Monte Results Announcement Post Reply Rate topic
SmallSmall Supreme	27-Jul-2020 10:18        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dual listed means ideally should trade about same price. Again the process of doing a transfer takes time for arbitraging. bobdog      ( Date: 27-Jul-2020 10:00) Posted: Dual listed means not tied to each other right?
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bobdog Veteran	27-Jul-2020 10:00        bobdog About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dual listed means not tied to each other right?
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SmallSmall Supreme	27-Jul-2020 09:59        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	Philippine side trading at 5.50 now which is about $0.152. This is dual listed.
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SmallSmall Supreme	27-Jul-2020 08:59        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	Inflection point for this company I think. Buy for recovery play before the analysts eventually starts to cover again. SmallSmall      ( Date: 26-Jul-2020 10:41) Posted: Ex date for special dividend 11 August 2020 for US$0.0154 !
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SmallSmall Supreme	26-Jul-2020 10:41        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ex date for special dividend 11 August 2020 for US$0.0154 !
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crystalbee Veteran	24-Jul-2020 11:21        crystalbee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not to worry if dividend payment is an additional expense to company.  Their report says " special dividend  because of net gain US$77million from succesful  private equity investment" . The net gain amount was booked in Retained Earnings.
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katak88 Master	24-Jul-2020 10:21        katak88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Total Dividend Payout for FY2020 = 1,943,960,024 * US$0.0154 = US$29.937m * 1.384 = S$41.313m SmallSmall      ( Date: 24-Jul-2020 09:22) Posted: Special dividend of US$0.0154 per share was declared
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crystalbee Veteran	24-Jul-2020 09:54        crystalbee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Believe  Sales should be good from now onwards. Such outstanding  results show their foodstuff products are as much needed gloves, masks  and PPE. Maybe hospitals in US include  Del Monte in their food menu.....everyone busy fighting Covid-19  go for convenience.. also nutritious.....that' s my guess.
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Observers Elite	24-Jul-2020 09:39        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ever tried searching on Amazon (new york postal code) during the height of the pandemic fear and panic for delmonte canned products few months ago? (Almost) Everthing out of stock. Got scalpers trying to sell canned food for exorbitant prices.
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crystalbee Veteran	24-Jul-2020 09:39        crystalbee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agreed. Confirmed  now Covid-19 had impacted  their Sales positively.   SmallSmall      ( Date: 24-Jul-2020 09:32) Posted: Can reach $0.18? This company is a good company. They do have high gearing but reading through their results and outlook, it appears the worst may be over for them. Because of Covid, their sales actually rocketed ! Buy for recovery, dividend and capital gains. :) SmallSmall      ( Date: 24-Jul-2020 09:22) Posted: Special dividend of US$0.0154 per share was declared
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SmallSmall Supreme	24-Jul-2020 09:37        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin
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SmallSmall Supreme	24-Jul-2020 09:32        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can reach $0.18? This company is a good company. They do have high gearing but reading through their results and outlook, it appears the worst may be over for them. Because of Covid, their sales actually rocketed ! Buy for recovery, dividend and capital gains. :) SmallSmall      ( Date: 24-Jul-2020 09:22) Posted: Special dividend of US$0.0154 per share was declared
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SmallSmall Supreme	24-Jul-2020 09:22        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	Special dividend of US$0.0154 per share was declared
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Observers Elite	23-Jul-2020 21:18        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	About time we have some good news for this company.
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katak88 Master	23-Jul-2020 21:16        katak88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Del Monte Pacific&rsquo s Fourth Quarter FY2020 Results Highlights &bull Group sales expanded by 48% due to pandemic-driven higher consumption of healthy and culinary home products &ndash USA sales up 65% and Philippines sales up 18% &bull EBITDA increased by 44% to US$55.9m, but one-off plant optimisation and loan retirement-related expenses in USA contributed to net loss of US$12.4m &bull Net profit would have been US$4.8m without one-off expenses &bull Subsidiary Del Monte Philippines, Inc (DMPI) net profit was US$67.6m &bull Private equity investment in a 12% stake in Del Monte Philippines for US$120m, resulting in a valuation of US$1bn for DMPI a net gain of US$77m was booked in retained earnings &bull Special dividend of US$0.0154 per share was declared &bull Subsequent event in May 2020 - Successfully refinanced Del Monte Foods and raised US$1.3bn financing
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Joelton Supreme	18-May-2020 09:23        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Del Monte Pacific subsidiary raises US$1.3 billion SUN, MAY 17, 2020 - 8:57 PM DEL Monte Pacific' s subsidiary has raised total financing of US$1.3 billion through a mix of equity and loans, with the bulk of the funds to go towards refinancing the subsidiary' s existing loan facilities of approximately US$1.1 billion. The company pumped US$378 million in equity into its United States unit Del Monte Foods in the  fund-raising exercise, Del Monte Pacific said in a regulatory filing to Singapore Exchange on May 16. This took the forms of US$150 million in new equity in the holding company of Del Monte Foods and the conversion of US$228 million of second-lien repurchase Loans into common equity in Del Monte Foods. Additionally, Del Monte Foods issued US$500 million aggregate principal amount of 11.875 per cent senior secured notes due 2025, with original issue discount equal to 3 per cent of the principal amount. The notes were offered to qualified institutional buyers within the United States and to non-Americans in offshore transactions. Also, it has entered into a US$450 million asset-based loan facility due 2023. Del Monte Foods is a producer, distributor, and marketer of premium quality, branded, plant-based food products for long shelf-life categories, primarily in the US. Del Monte Pacific shares were 0.1 Singapore cent lower at S$0.101 on Friday, a day before this announcement was made.  https://www.businesstimes.com.sg/companies-markets/del-monte-pacific-subsidiary-raises-us13-billion
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katak88 Master	12-Mar-2020 15:57        katak88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Del Monte Q3 net profit more than doubles to US$6.7m on higher sales THU, MAR 12, 2020 - 8:37 AM   DEL Monte Pacific more than doubled its net profit to US$6.7 million for the third quarter ended Jan 31, 2020, from US$2.6 million a year ago. The strong performance was underpinned by higher retail sales, both in general trade and modern trade channels,  the mainboard-listed food and beverage firm said on Wednesday. The company also saw significant market share improvements across canned and carton juices, and packaged fruit. Earnings per share was 0.09 US cent for the quarter versus loss per share of 0.12 cent a year ago.   Revenue rose 5 per cent to US$555.3 million from US$528.7 million a year ago  due to improved sales across all key markets. No dividend was declared for the quarter, unchanged from a year ago. " The coronavirus epidemic did not have any material impact on Del Monte' s results for the third quarter," the dual-listed company said. Del Monte shares are also listed on the Philippine Stock Exchange. " In February, the group experienced softer demand and some logistics hurdles in China, but has the flexibility to allocate products to other markets and will continue to expand e-commerce sales," it added. Sales in China account for about 3 per cent of Del Monte' s sales. Del Monte shares closed down 0.3 Singapore cent or 2.7 per cent to 10.8 cents on Wednesday. https://www.businesstimes.com.sg/companies-markets/del-monte-q3-net-profit-more-than-doubles-to-us67m-on-higher-sales
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katak88 Master	28-Jan-2020 09:43        katak88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	DEL MONTE Pacific Ltd. is selling the shares of its Philippine unit Del Monte Philippines, Inc. (DMPI) to a Singapore-based investor for $130 million, it told the stock exchange on Monday. In a disclosure, the canned fruits manufacturer said its indirect wholly owned subsidiaries DMPI and Central American Resources, Inc. had entered an agreement with Singapore&rsquo s SEA Diner Holdings Pte. Ltd. to dispose of the 363,651,600 existing ordinary shares of DMPI. The total shares represent 13% of DMPI&rsquo s total issued and paid-up ordinary shares. &ldquo Subject to the terms and conditions of the agreement including the fulfilment of certain conditions precedent, the company will sell to the investor, and the investor will acquire from the company, the DMPI Sale Shares,&rdquo it said. The consideration for the transaction is $130 million (approximately P6.6 billion), based on the price earnings multiple ratio of about 15.7 times DMPI&rsquo s earnings in its fiscal year ending April 30, 2019. The listed parent said the investor, SEA Diner, wants to focus on investments in food products, especially those that have a large market in China. SEA Diner has so far invested more than $1 billion in consumer businesses across the ASEAN and China to date, Del Monte said. Aside from manufacturing canned fruits, Del Monte also produces juice drinks, tomato sauce, spaghetti sauce and culinary mixes. For Del Monte&rsquo s part, it said the sale will help it generate additional funding for its capital restructuring plans, given that DMPI&rsquo s previous plan to do a public offer in the country remains hazy amid &ldquo volatile market conditions that show no signs of improving.&rdquo &ldquo As the proposed public offering was deferred, the group was unable to make prepayment/repayment of certain loan facility/ies to reduce the group&rsquo s debt to the extent planned,&rdquo it said. &ldquo In addition, the funds raised from the proposed sale will also allow the company to free up certain credit lines so as to pursue other opportunities that the company may have,&rdquo it added. Once the transaction is through, the company expects proceeds amounting to S$155.5 million (approximately P5.83 billion), which it will use to pay outstanding loans such as to local bank Rizal Commercial Banking Corp. In its six-month fiscal period ending October 2019, the company swung to an attributable net loss of $75.62 million from attributable earnings of $11.45 million in the previous year, pulled by one-off expenses from shutting down some of its United States facilities. Shares in Del Monte at the stock exchange ended flat on Monday at P5 apiece. &mdash   Denise A. Valdez https://www.bworldonline.com/del-monte-sells-shares-in-local-unit-to-singaporean-investor/
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katak88 Master	28-Jan-2020 09:38        katak88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	MAINBOARD-LISTED food and beverage company Del Monte Pacific said it has entered into an agreement for the proposed sale of a 13 per cent stake in its indirect wholly-owned subsidiary Del Monte Philippines, Inc (DMPI) for US$130 million. https://www.businesstimes.com.sg/companies-markets/del-monte-pacific-to-sell-13-of-philippine-unit-for-us130m
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chongpin Senior	09-Dec-2019 10:58        chongpin About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Edited Transcript of D03.SI earnings conference call or presentation 6-Dec-19 9:30am GMT Thomson Reuters StreetEvents December 7, 2019   Q2 2020 Del Monte Pacific Ltd Earnings Call Dec 7, 2019 (Thomson StreetEvents) -- Edited Transcript of Del Monte Pacific Ltd earnings conference call or presentation Friday, December 6, 2019 at 9:30:00am GMT TEXT version of Transcript https://finance.yahoo.com/news/edited-transcript-d03-si-earnings-191315683.html
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