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F & N
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F&N
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sanuks
Veteran |
24-Apr-2013 20:55
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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The price sinking really fast. Hope those who invest during high time has cut loss by now.  Will see if it falls to 7.00 SGD tomorrow. |
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zeusleo
Member |
24-Apr-2013 19:07
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All should have dumped by today closing to minimize tracking error for their funds.
Whether it will drop further depends how they play it out. Short seller should have covered today also if not double bought. |
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dominiqueseahth
Member |
24-Apr-2013 18:06
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does this imply tt the price will continue to slide further...why dont the thais intervene... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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zeusleo
Member |
24-Apr-2013 17:56
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removal of FNN by MSCI therefore fund houses require to sell by today closing. That is the reason you saw the price was whacked badly during matching. Not due to other factors. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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teeth53
Supreme |
24-Apr-2013 17:33
Yells: "don't learn through life, learn to grow with life " |
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Heavily involved vested players battling out...at the closing bell and a long list traded after trading hour closed.
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teeth53
Supreme |
24-Apr-2013 16:36
Yells: "don't learn through life, learn to grow with life " |
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Battle line is draw again..after fallen to a low of $7.850 cents..
Forcing players Vs players to buy'sell at above S$8/-
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guoyanyunyan
Supreme |
24-Apr-2013 11:11
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F& N down 10.9% Index funds selling: Religare
Fraser & Neave (F99.SG) drops 10.9% to $8.02, extending Monday’s 4.7% drop. “There’s uncertainty on the strategy going forward, but more importantly is the passive shareholder that has to get out,” says Jonathan Foster, director of special situations for Religare Capital. “They will be removed from the MSCI index tomorrow night there’s going to be quite a lot of index selling.” He also notes there simply aren’t many F& N shares left to trade. With slightly more than 90% of shareholders selling out after TCC Assets’ $9.55/share takeover bid, the remaining holders were either passive or index funds or small retail investors, he notes “that’s where all the selling is.”  ...Last Done: $8.11... |
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Octavia
Supreme |
24-Apr-2013 10:13
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Deutsche notes the 15% fall in stock price since the counter resumed trading Monday, likely driven by concerns on removal of FNN from key indices (i.e. MSCI DM index and FSSTI) and concerns over plans to restore the free float. Longer term, the house believes, i) there could be synergies btwn FNN’s consumer and property business and Thai Bev/ TCC’s existing operations, and ii) potential return of capital following the divestment of APB last yr which yielded $5.6b in proceeds (~$3.89/sh) which put FNN in a net cash position. Deutsche maintains its Hold rating with TP $9.72 (15% discount to SOTP), pending greater clarity over the shareholders’ strategic review and plans to restore the free float, but notes the sharp correction has taken FNN to nearly 30% discount to its SOTP of $11.43. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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teeth53
Supreme |
23-Apr-2013 22:03
Yells: "don't learn through life, learn to grow with life " |
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Almost 6 mil shr (sold short n bot back), the remain sold down? (think so) Shot position - 2,923,000 million shr value at S$24,121,580 F & N  Last:8.2  Volume - 15,360,000 mil shr changed hands  -$0.800c
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infancybird
Senior |
23-Apr-2013 21:37
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I agreed with your view. FYI, today the shortist shorted almost 3 million FNN stock at average $ 8.2523.  This is the group that also contributed to the down movement of  FNN which close at 8.20 . Hence not much of meat for the shortist , they will try shorting again tmr if mkt is weak.    
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oldflyingfox
Master |
23-Apr-2013 21:29
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He will be more concern in running the business than the share price movement, anyway, he just need to unload less than 1% to remain listed in SGX. I guess he got his plan to remain listed, maybe he will just want to use F& N to takeover Thaibev. Nobody really know what is in his mind. Now in the market is only traders via traders until the big movement taken from him. So whatever share price now is only temporary. |
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sanuks
Veteran |
23-Apr-2013 21:00
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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After read so many comments,  I am still puzzle by Mr Charoen decision for keeping this F& N listed in SGX. If this counter continue to fall tomorrow, isnt this hurt him more than anyone else. Puzzle! Puzzle!  |
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infancybird
Senior |
23-Apr-2013 20:05
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Don`t listen to rumour of Mr. Chareon selling. He did not as ,if he did, he needs to make corporate announcement on SGX   . This selling is expexted from the confused/panic weak  retail holders and index fund manager who hadnt sold earlier.  The question you shall ask is who is buying and collecting now...these must be smart investor with inside info about the future of FNN. I am convince FNN will be much higher as it get closer to its restructure deadline.   
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jomini
Veteran |
23-Apr-2013 18:45
Yells: "slow down, think, question" |
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so Mr Charoen and gang started selling? kinda hard to understand why they would want to maintain a listed status if they think its undervalued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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teeth53
Supreme |
23-Apr-2013 17:23
Yells: "don't learn through life, learn to grow with life " |
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Look like battle line is drawn...players verses players. This trading period maybe volatile in play, a chance to let go, a chance to shot at, a chance to maintain vested interest by BBs (esp the owner) and a chance for contra player's changing hands. Just sharing my thot n stk/shr trading interest in SJ.
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teeth53
Supreme |
23-Apr-2013 17:04
Yells: "don't learn through life, learn to grow with life " |
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After battle down to S$8/- or one dollar down -11.1%. It battle to force players buying at $8.20c....over last fifteen minutes... or down about -8.8% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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teeth53
Supreme |
23-Apr-2013 12:55
Yells: "don't learn through life, learn to grow with life " |
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It reminded me, as well as players
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guoyanyunyan
Supreme |
23-Apr-2013 12:53
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...Last Done: $8.07.... next support level: $7.60 based on gap-turn-support...next strong support is $7.00-7.15... |
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krisluke
Supreme |
23-Apr-2013 12:41
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FNN has a period of 3 mths to Friday, 19 Jul 2013 to restore its public float to the minimum 10% requirement. Thai tycoon and FNN chairman Charoen Sirivadhanabhakdi, currently controls ~90.3% of FNN shares. In order to restore the free float, Mr Charoen will have to sell some of the shares that he owns or FNN will have to place out new shares. Market watches note there may not be buyers for FNN shares at $9.43 (Mr Charoen’s offer price adjusted for the $0.12/sh dividend paid), given that the purchase price includes a premium for control. FNN will be relisted with a completely revamped board of directors after the previous slate resigned following the takeover. Mr Charoen's family members on the new board comprise his wife, Wanna Sirivadhanabhakdi, who is now vice-chairman of F& N his son and ThaiBev CEO Thapana Sirivadhanabhakdi and his son-in-law Chotiphat Bijananda, both of whom are now non-executive directors of F& N. High-profile board appointments include former Singapore finance minister Richard Hu, who will be a senior adviser to the board and former F& N food and beverage chief Koh Poh Tiong, who will be a non-executive director. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Octavia
Supreme |
23-Apr-2013 10:56
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Meaty profit for those daring shortists.Wonder  it will drop to $6+ again | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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