Del Monte Pac    Last:0.084    -0.004

Del Monte Results Announcement

Del Monte Foods, Inc. to Host Financial Results Call for the Fourth Quarter and Fiscal Year 2021 on June 24, 2021

Tue, June 15, 2021, 11:00 PM

WALNUT CREEK, Calif.,  June 15, 2021  /PRNewswire/ -- Del Monte Foods, Inc. today announced that it will hold a conference call to share its financial results for the Fourth Quarter and Fiscal Year 2021 on Thursday, June 24, 2021 at 8:00 a.m. Pacific Time.

To join the conference call, please register at Del Monte Foods' virtual data room site on Intralinks. For virtual data room access, please email  [email protected].

Quarterly financial statements and historical annual statements can also be accessed on the  Del Monte Foods website.

 

About Del Monte Foods
For more than 130 years, Del Monte Foods, Inc. has been driven by our mission to nourish families with earth' s goodness. As the original plant-based food company, we' re always innovating to make nutritious and delicious foods more accessible to consumers across our portfolio of beloved brands, including Del Monte® , Contadina® , College Inn® , and S& W® . We believe that everyone deserves great tasting food they can feel good about, that' s why we grow and produce our products using sustainable, and earth-friendly practices for a healthier tomorrow.

Del Monte Foods, Inc. is the U.S. subsidiary of Del Monte Pacific Limited (Bloomberg: DELM SP, DELM PM) and is not affiliated with certain other  Del Monte  companies around the world, including Fresh Del Monte Produce Inc., Del  Monte Canada, or Del Monte Asia Pte. Ltd. For more information about Del Monte Foods and our products, please visit  www.delmontefoods.com  or  www.delmonte.com.

CONTACTS
Investors:
Alfred Artis
Del Monte Foods, Inc.
[email protected]
415-271-2382

Media:
Courtney Mains
Edelman
[email protected]
408-835-5323

Related Links
https://www.delmontefoods.com/
https://finance.yahoo.com/news/del-monte-foods-inc-host-150000915.html





 

 

any rating for this? its a matter of time when it break the 50c mark.

 

SGX: 
Bid/Offer S$0.445/S$0.450  S$0.440-S$0.450  Last Done S$0.45 

PSE:
Bid/Offer  P16.60/P16.68  P15.98-P16.70  Last Done P16.68 or          S$0.46234  (S$/P @36.077)

 

Del Monte at 52 week high. Read more here

http://www.smallcapasia.com/3-obscure-stocks-trading-at-52-weeks-high/

 

SGX: 
Bid/Offer S$0.445/S$0.450  S$0.445-S$0.460  Last Done S$0.445 

PSE:
Bid/Offer  P16.38/P16.40  P15.86-P16.48  Last Done P16.38 or        S$0.45438  (S$/P @36.049)

 

Strong uptrend..,

 

Uptrend continue...

 

SGX: 
Bid/Offer S$0.335/S$0.340  S$0.330-S$0.335  Last Done S$0.340 

PSE:
Bid/Offer  P14.24/P14.70  P13.40-P14.60  Last Done P14.50 or      S$0.4038  (S$/P @35.903)

 

oh so its not transferable like HK-SGX? its like the tianjin zx SGX-Shanghai co listing where you get different offer pricing for different exchanges?

SmallSmall      ( Date: 05-May-2021 10:31) Posted: Philippine side last PHP 14.10 -- > S$0.39 Same stock but unfortunately cannot arbitrage :(

 

PHP 14.48 ---> S$0.40

SmallSmall      ( Date: 05-May-2021 10:31) Posted: Philippine side last PHP 14.10 -- > S$0.39 Same stock but unfortunately cannot arbitrage :(

 

no arbitrage 

SGX: 
Bid/Offer S$0.330/S$0.335  S$0.330-S$0.335  Last Done S$0.330  (-S$0.005, -1.49%)

PSE:
Bid/Offer  P14.32/P14.34  P13.34-P14.38  Last Done P14.32 or    S$0.3980  (+0.98, +7.50%)  (S$/P @35.978)

 

Philippine side last PHP 14.10 -- > S$0.39
Same stock but unfortunately cannot arbitrage :(

 

SGX: 
Bid/Offer S$0.330/S$0.335  S$0.325-S$0.340  Last Done S$0.335  (S$0.000, 0%)

PSE:
Bid/Offer  P13.02/P13.10  P12.80-P13.78  Last Done P13.28 or  S$0.3680 (-0.02, -0.18%)  (S$/P @36.078)

 

holding well. going to break high.

 

Time to buy ....Del Monte... Target 44

SmallSmall      ( Date: 03-May-2021 09:55) Posted: Last PHP 14.08.....translate to S$0.39

 

Last PHP 14.08.....translate to S$0.39

 

Del Monte will probably enjoy a re-rating just like Wilmar when it listed Yihai.
It's a pity thus far there are no analysts coverage on Del Monte but I suspect some houses may initiate a coverage soon given its recovering trajectory with massive debt reductions and increasing reveneue/profits outlook.
And mind you this company is huge. So I would think analysts coverage is just a matter of time.
This counter reminds me a lot of Sarine by how low it has been bashed down to and how it then capitulated and emerges from the ashes again

 

At  maximum offer price of 54.80 pesos/shs,
Max. Market Cap of DMPI
= PHP2,797,320,004 x 54.80
=  PHP153.293 Billion
= US$3.178 Billion    (at US$/PHP 48.23)

Correct me if I am wrong. (A bit pricey. question is how much will the IPO price be set in the coming weeks?)
 

Listing date

TBC (2021)

IPO Price

TBC (max. PHP54.80)

Outstanding shares

2,797,320,004

Central American Resources, Inc. (87%)
SEA Diner Holdings (S) Pte  Ltd. (13%)

http://​ https://www.delmontephil.com/investors/shareholder-center
 

katak88      ( Date: 29-Apr-2021 09:39) Posted: UPDATE 2-Philippines' Del Monte files for up to $910 mln IPO, country' s second largest By  Neil Jerome Morales,  Anshuman Dag   * Offer consists of secondary share sales * Proceeds to pay debts of parent Del Monte Pacific * IPO is set to be launched in the third quarter-source * Philippines gears up for blockbuster year of IPOs (Recasts with details on IPO, quotes) MANILA, April 28 (Reuters) - Del Monte Philippines Inc filed for an IPO that could raise up to 44.1 billion pesos ($910 million), marking potentially the second-largest share offering in a market that is gearing up for a blockbuster year for listings.   Del Monte&rsquo s shareholders Del Monte Pacific and SEA Diner, are seeking to sell up to 804.23 million shares, including an over-allotment option of 15%, it said in a registration statement filed with the corporate regulator on Wednesday. Del Monte, the maker of canned fruit-to-tomato sauce has been operating in the Philippines for 95 years, and is also the company behind the S& W brand operating in 30 countries. Del Monte, the largest fresh pineapple exporter to China, set a maximum offer price of 54.80 pesos apiece. The Philippines, once a regional laggard in share fundraising, is set to emerge as the top spot for IPOs in Southeast Asia in a recovering economy. Local IPOs are typically priced way below the maximum price.   At the filing price, it would be the second-largest local IPO after instant noodles and biscuits manufacturer Monde Nissin&rsquo s share sale that could raise up to $1.5 billion in May and is due to list in June. In 2018, Del Monte shelved a plan to raise up to 13.5 billion pesos due to poor market conditions. &ldquo The business has been reorganised to allow Del Monte to sell premium fresh pineapples directly to the fast growing China market,&rdquo said one source familiar with the deal, adding that the IPO was likely to be launched in the third quarter. Monde Nissin is set to launch an IPO worth up to 72.45 billion pesos, putting this on track to be the country&rsquo s largest-ever listing. Proceeds from Del Monte&rsquo s offering will be used by its parent firm, Del Monte Pacific Limited , to repay some loans. Credit Suisse and Morgan Stanley are the joint global coordinators on Del Monte&rsquo s IPO, while DBS and CLSA are the joint international bookrunners. BDO Capital and BPI Capital are the joint local lead underwriters and bookrunners. ($1 = 48.4350 Philippine pesos) (Reporting by Neil Jerome Morales and Anshuman Daga Editing by Martin Petty and Ed Davies) https://www.reuters.com/article/delmonte-ipo-idAFL1N2ML0G8

 

SGX: 
Bid/Offer S$0.340/S$0.345 Last Done S$0.340  (-S$0.01, -2.86%)

PSE:
Bid/Offer  PHP13.02/PHP13.76    Last Done PHP13.30 (-0.78, -5.54%) S$0.3664 (S$/PHP @36.301)

 

 

strong support. marching to 40!