Super Group   

Super Coffee

Good luck:)

Owl793      ( Date: 09-Nov-2016 12:57) Posted: Trading volume since lifting of Halt : only 63.9m share or about 5.73% of total issued shares of 1,114.5m shares. If 60% is irrevocable sales, then there is another 34.27% to collect. Price should move closer to $1.30 after the sellers of $1.25 are  done with. 3/11: 42.8m 4/11: 9.8m 7/11: 5.1m 8/11: 6.2m

 

Trading volume since lifting of Halt : only 63.9m share or about 5.73% of total issued shares of 1,114.5m shares. If 60% is irrevocable sales, then there is another 34.27% to collect.

Price should move closer to $1.30 after the sellers of $1.25 are  done with.

3/11: 42.8m

4/11: 9.8m

7/11: 5.1m

8/11: 6.2m

 

All the companies that are in the process of being taken over or delisted like Super Group and ARA Asset Management will likely not see their share prices drop (independent of other events) as they are currently in a unique position of being taken over or delisted. If their share price should decrease, it will benefit certain stakeholders who will buy more of their shares and the share price will still be supported.

Octavia      ( Date: 09-Nov-2016 11:15) Posted: Super' s px still very resilient not affected by US election....behaving   same like NOL during Brexit.

 

Super' s px still very resilient not affected by US election....behaving   same like NOL during Brexit.

 

Last purchase by GSH (via Tee Yih Jia) was in Aug 2016,  unlikely to be trading on inside info back then. Both Funds were also selling but offset by company Buyback.

 

 

 


 

 

Super Group is a valuable asset and the Dutch buyers are definitely getting a good price. I didn' t read the terms of the agreement but i can see other players being interested at this price. 

 

Better than bank interest rate for a deposit

 

Haha, catch a spider and call yourself a hero, LOL

MichaelSchenker      ( Date: 04-Nov-2016 15:38) Posted: small man talk big. Grow some brains then come back and debate about your " sure-win" business model, instead of calling people fool who doesn' t share your narrow foresight. (Not ' foreseen' ) Look, who' s the fool here? Lol! sengsk      ( Date: 04-Nov-2016 15:17) Posted: Don' t underestimate new owner as they are old key businessman know what they are doing. Their foreseen are much more better den you. Nothing can benefit den more you think they want to take over. Don' t make a fool of yourself.

 

small man talk big.

Grow some brains then come back and debate about your " sure-win" business model, instead of calling people fool who doesn' t share your narrow foresight. (Not ' foreseen' ) Look, who' s the fool here? Lol!

sengsk      ( Date: 04-Nov-2016 15:17) Posted: Don' t underestimate new owner as they are old key businessman know what they are doing. Their foreseen are much more better den you. Nothing can benefit den more you think they want to take over. Don' t make a fool of yourself. MichaelSchenker      ( Date: 04-Nov-2016 15:01) Posted: No investment in this world is guaranteed to make money.  Those who pump in huge amount of money should be thankful that the losses have been narrowed substantially. They can actually use the payout to invest in another company based on current market conditions which is deemed to be bleak or it may also means " cheap" . Will the outlook improve? It' s your bet! Similarly, it doesn' t mean the new owners will surely generate huge profits for Super.

 

Don' t underestimate new owner as they are old key businessman know what they are doing.

Their foreseen are much more better den you. Nothing can benefit den more you think they want to take over.

Don' t make a fool of yourself.

MichaelSchenker      ( Date: 04-Nov-2016 15:01) Posted: No investment in this world is guaranteed to make money.  Those who pump in huge amount of money should be thankful that the losses have been narrowed substantially. They can actually use the payout to invest in another company based on current market conditions which is deemed to be bleak or it may also means " cheap" . Will the outlook improve? It' s your bet! Similarly, it doesn' t mean the new owners will surely generate huge profits for Super.    jeremyow      ( Date: 04-Nov-2016 14:15) Posted: It will be interesting to see how things develop for the next few months on Super Group' s potential offer of take over.

 

No investment in this world is guaranteed to make money. 

Those who pump in huge amount of money should be thankful that the losses have been narrowed substantially. They can actually use the payout to invest in another company based on current market conditions which is deemed to be bleak or it may also means " cheap" . Will the outlook improve? It' s your bet!

Similarly, it doesn' t mean the new owners will surely generate huge profits for Super. 

 

jeremyow      ( Date: 04-Nov-2016 14:15) Posted: It will be interesting to see how things develop for the next few months on Super Group' s potential offer of take over. Owl793      ( Date: 04-Nov-2016 13:31) Posted: 1) The bulk of Matthews International' s  investment in Super Group were  at $1.38 to $1.39 bought in Aug/Sept 2014. They would  incur loss on this $1.30 offer price. 2) Also minority retail investors joined the party late & invested at up to $5 in  mid-2013 (pre 1-1 bonus). 3) Only the 60% irrevocable shares made a bundle. e.g. YHS made $138m profit on  its holdings of 130m shares. That means their cost is below $0.25 each. GSK average cost is about $0.50 each. Owner-mgt cost is even lower. If Jacobs' intention is to delist Super Group  from SGX  (min. 90% acceptance),  they may hv to up the offer price for 1) & 2) to sell out. -------------------------------------------------------------------------------- Below is Extract from: Asia-Insider news.com Matthews International records first buy in Super Group (S10-SUPER.SP) since Sept 2014 on 27% price fall Matthews International Capital Management, LLC recorded its first notice in convenient food products manufacturer Super Group Limited (S10-SUPER.SP) [MKT CAP 1.2B] since September 2014 with a purchase-related filing on June 18 of 479,000 shares at $1.13 each. The trade increased its deemed holdings to 78.162 million shares or 7.01% of the issued capital. The filing was made on the back of the 27% drop in the share price since March from $1.54. The group previously reported a purchase-related filing in September 2014 of 1.445 million shares at $1.39 each and an initial filing in August 2014 of 1.65 million shares at $1.38 each, which raised its interest to 5.07%. Overall, Matthews Capital' s stake is up by 38% since that initial filing in August 2014.

 

It will be interesting to see how things develop for the next few months on Super Group' s potential offer of take over.

Owl793      ( Date: 04-Nov-2016 13:31) Posted: 1) The bulk of Matthews International' s  investment in Super Group were  at $1.38 to $1.39 bought in Aug/Sept 2014. They would  incur loss on this $1.30 offer price. 2) Also minority retail investors joined the party late & invested at up to $5 in  mid-2013 (pre 1-1 bonus). 3) Only the 60% irrevocable shares made a bundle. e.g. YHS made $138m profit on  its holdings of 130m shares. That means their cost is below $0.25 each. GSK average cost is about $0.50 each. Owner-mgt cost is even lower. If Jacobs' intention is to delist Super Group  from SGX  (min. 90% acceptance),  they may hv to up the offer price for 1) & 2) to sell out. -------------------------------------------------------------------------------- Below is Extract from: Asia-Insider news.com Matthews International records first buy in Super Group (S10-SUPER.SP) since Sept 2014 on 27% price fall Matthews International Capital Management, LLC recorded its first notice in convenient food products manufacturer Super Group Limited (S10-SUPER.SP) [MKT CAP 1.2B] since September 2014 with a purchase-related filing on June 18 of 479,000 shares at $1.13 each. The trade increased its deemed holdings to 78.162 million shares or 7.01% of the issued capital. The filing was made on the back of the 27% drop in the share price since March from $1.54. The group previously reported a purchase-related filing in September 2014 of 1.445 million shares at $1.39 each and an initial filing in August 2014 of 1.65 million shares at $1.38 each, which raised its interest to 5.07%. Overall, Matthews Capital' s stake is up by 38% since that initial filing in August 2014.

 

We may never know the true underlying reasons why the founder and his management team and all the SSHs all agreed to tender their shares of Super Group at $1.30 per share. Of course on the surface we can form our opinions that it maybe based on the amount of profits they can possibly make from this transaction. I think for a founder of a business, his root and attachment with the business will be very deep especially as he and his management team have grown this baby over two decades. I can imagine the same for a parent who has painstakingly cared for and groomed a child over two decades to already developed a deep attachment for his/ her child. So to be able to have such a great consensus from the founder and his management team and the SSHs, I think it maybe more than just a profit factor alone.

From the perspective of a business owner who has groomed his business over two decades, even as one is hard to let go, he probably already considered carefully and extensively and think as well as feel it is better to let go of his child at this juncture to someone better able to care for and groom his child to new heights. Of course for an investor, we may have our different perspective from that of a business owner. 

Benjamin_29      ( Date: 04-Nov-2016 13:45) Posted: Yes, I agree that with the Dutch they can tap into new markets and pooled together more resources. But having said, they could have just formed joint venture or another subsidary to penetrate the western markets. By selling all shares to another foreign entity, they have probably lose all their rights in the management and governance of their company which they have painstakingly built over the years?   What will happen to Super as a business going forward? Will the western management style fits into Super' s current business model? All these remains an uncertainity. But in any case, 1.3 is probably too cheap to sell their company, in my opinion. This company is one of the few gems listed in SGX that has sustainable quality earnings as a result of its strong technological competence and knowhow. Even though I still have profits as a result of cost averaging over long term investing in this company, I still find it disappointed that the company may soon be delisted and sold off cheaply  jeremyow      ( Date: 04-Nov-2016 12:47) Posted: Yes. No doubt Super Group has grown by leaps and bounds ever since its businesses were founded, I believe the group could have already seen the difficulty going forward to further grow amidst the fierce competition. Especially in their recent few years annual reports, the group did mentioned before the outlook for their businesses going forward will face fierce competition but they have been always doing their best and remaining cautiously optimistic. Now that the group can be taken over by this Dutch company, I believe the founder and his management team saw the potential for Super Group to reach greater heights to compete better against its competitors under the wings of the Dutch company in the years ahead with this acquisition by the Dutch company which will have more resources and expertise to further the growth of Super Group even better.

 

Yes, I agree that with the Dutch they can tap into new markets and pooled together more resources. But having said, they could have just formed joint venture or another subsidary to penetrate the western markets. By selling all shares to another foreign entity, they have probably lose all their rights in the management and governance of their company which they have painstakingly built over the years?   What will happen to Super as a business going forward? Will the western management style fits into Super' s current business model? All these remains an uncertainity.

But in any case, 1.3 is probably too cheap to sell their company, in my opinion. This company is one of the few gems listed in SGX that has sustainable quality earnings as a result of its strong technological competence and knowhow. Even though I still have profits as a result of cost averaging over long term investing in this company, I still find it disappointed that the company may soon be delisted and sold off cheaply 

jeremyow      ( Date: 04-Nov-2016 12:47) Posted: Yes. No doubt Super Group has grown by leaps and bounds ever since its businesses were founded, I believe the group could have already seen the difficulty going forward to further grow amidst the fierce competition. Especially in their recent few years annual reports, the group did mentioned before the outlook for their businesses going forward will face fierce competition but they have been always doing their best and remaining cautiously optimistic. Now that the group can be taken over by this Dutch company, I believe the founder and his management team saw the potential for Super Group to reach greater heights to compete better against its competitors under the wings of the Dutch company in the years ahead with this acquisition by the Dutch company which will have more resources and expertise to further the growth of Super Group even better.   Benjamin_29      ( Date: 04-Nov-2016 10:14) Posted: This gem is definitely worth more than $1.3 in the long term. Dutch company is buying (at a steep discount of course) into Super' s and Owl' s branding, distribution networks, supply chain, as well as strong knowhow in manufacturing instant coffee and various other non-dairy creamer.  Therefore, it beats me why founder and other major shareholders think that their company is worth only $1.3. This is a good growth company with continuous innovation and a resilient business model. Given more time, it should be worth at least $1.8. Now that 60% has sold (including founder), wonder how will Super fare in the coming months towards May next year.

 

1) The bulk of Matthews International' s  investment in Super Group were  at $1.38 to $1.39 bought in Aug/Sept 2014. They would  incur loss on this $1.30 offer price.

2) Also minority retail investors joined the party late & invested at up to $5 in  mid-2013 (pre 1-1 bonus).

3) Only the 60% irrevocable shares made a bundle. e.g. YHS made $138m profit on  its holdings of 130m shares. That means their cost is below $0.25 each. GSK average cost is about $0.50 each. Owner-mgt cost is even lower.

If Jacobs' intention is to delist Super Group  from SGX  (min. 90% acceptance),  they may hv to up the offer price for 1) & 2) to sell out.

--------------------------------------------------------------------------------

Below is Extract from: Asia-Insider news.com

Matthews International Capital Management, LLC recorded its first notice in convenient food products manufacturer Super Group Limited (S10-SUPER.SP) [MKT CAP 1.2B] since September 2014 with a purchase-related filing on June 18 of 479,000 shares at $1.13 each. The trade increased its deemed holdings to 78.162 million shares or 7.01% of the issued capital. The filing was made on the back of the 27% drop in the share price since March from $1.54. The group previously reported a purchase-related filing in September 2014 of 1.445 million shares at $1.39 each and an initial filing in August 2014 of 1.65 million shares at $1.38 each, which raised its interest to 5.07%. Overall, Matthews Capital' s stake is up by 38% since that initial filing in August 2014.

 

Yes. No doubt Super Group has grown by leaps and bounds ever since its businesses were founded, I believe the group could have already seen the difficulty going forward to further grow amidst the fierce competition. Especially in their recent few years annual reports, the group did mentioned before the outlook for their businesses going forward will face fierce competition but they have been always doing their best and remaining cautiously optimistic.

Now that the group can be taken over by this Dutch company, I believe the founder and his management team saw the potential for Super Group to reach greater heights to compete better against its competitors under the wings of the Dutch company in the years ahead with this acquisition by the Dutch company which will have more resources and expertise to further the growth of Super Group even better.  

Benjamin_29      ( Date: 04-Nov-2016 10:14) Posted: This gem is definitely worth more than $1.3 in the long term. Dutch company is buying (at a steep discount of course) into Super' s and Owl' s branding, distribution networks, supply chain, as well as strong knowhow in manufacturing instant coffee and various other non-dairy creamer.  Therefore, it beats me why founder and other major shareholders think that their company is worth only $1.3. This is a good growth company with continuous innovation and a resilient business model. Given more time, it should be worth at least $1.8. Now that 60% has sold (including founder), wonder how will Super fare in the coming months towards May next year.

 

The US funds having Super Group' s shares cannot prevent/ block other shareholders from tendering their shares to the offeror. They themselves can choose not to tender their shares if they do not wish to. The condition of Sapphire receiving more than 50% of Super Group' s issued shares can be said to have been met even though the offical transaction have not taken place yet. By the SSH giving an irrevocable commitment to tender their shares which amount to 60% of the issued shares, we know that likely they will not change their mind. And there is a statement in the annoucement letter which even states that the SSH will not accept a higher offer than $1.30 even if another contender comes along to compete for the take over of Super Group.

There are still other pre-conditions and conditions which need to be fulfilled. If all the conditions are fulfilled, the formal offical offer will be announced in due time (not later than 3 May 2017 which the offer will laspse) and the form of acceptance to tender the shares to offeror mailed to the shareholders.

altroboy      ( Date: 03-Nov-2016 22:36) Posted: Thank you, Owl793 and jeremyow, for your explanations. So am I correct to say given the 60% irrevocable pledge from SSH, the condition of " Sapphire receiving more than 50% of Super Group" is already met, and Sapphire MUST buy from any seller who is willing to sell at $1.30. The 90% is just a threshold for it to force buyout any remaining shares from shareholders who might want to hold on. In other words the 2 US funds holding 13% can only remain as shareholders at most, and cannot play any part in preventing the $1.30 share exchange from willing sellers? Owl793      ( Date: 03-Nov-2016 20:10) Posted: wi1) 60% of shares is already done deal. It' s irrevocable, meaning the seller cannot back out. 2) Pre-condition is approval by relevant  authority, anti-trust body etc which will not be a problem for coffee makers, unless they are making missile or B2 bombers. 3) If the buyer can garner 90% shares (incl. the 60% done deal) it will be delisted. If e.g. they only get 87% at the end closing in May 2017, then Super Group will continue to be listed with a major shareholder (Jacob) holding 87%. 4) $1.26 closing vs $1.30 may be explained by retailers cashing out & getting cash in hand now vs later on. 5) There are 2 big US funds holding 13% which have not be reported. Their invested cost  was higher than $1.30. What they will do we don' t know yet.

 

Haha, Send some spy in....LOL

sengsk      ( Date: 04-Nov-2016 11:19) Posted: If this $1.30 offer can approve, I believe those main big fish could have some other under-table benefits sweet sweet . Need to monitor closely.

 

Can monitor ThaiBev too !!

Owl793      ( Date: 04-Nov-2016 11:19) Posted: I guess Yeo Hiap Seng Ltd itself may be the next takeover target. YHS made $138m profit from selling its11.69% shares in Super Group  which is really a small change to Far East Group. This means FE is not interested in keeping F& B businesses. If ever YHS is up for sale then PepsiCo has right of 1st refusal. PepsiCo awarded the bottling contract to YHS on this condition.

 

on my watchlist. missed the boat on this : (