stockmanmyvalue creation can come in many forms...... sale of Kian Joo sale of milk division
restructuring with listing of milk division sale of can division to Kian Joo
as the market PE for food consumables - milk is 15 -25 much higher than the PE 8 to 12 for can division by restructuring and focusing on milk division will be re-rated to $6.
of course, there is previous talk of KWAP taking a stake in the milk division at PE 20, the share will be rerated once the deal is confirmed.
The share is much over sold at current price. Milk division profits FY 2015 is $ 62 million....and growing fast.
Up_downI prefer to wait and see its earnings ability in next month before joining the bandwagon.
lchingcan also sell Kianjoo stake in the open market to pare down debts.
Up_downCanone boss loves playing shares and pro Umno....You know la..Uncle Koon stays at the opposite camp. Don't be surprised they will take the opportunity to squeeze his milk....milking. Wait to to drop below 2.7 if possible.
princeheroopr lower good for canone... consumer have more cash for it's product... n oso canone is highly indebted company.... means expenses for it's loan will be lower n eventually this company may have higher profit... double good... most probably certain investors realize it n the share start to move higher today....
princeheroF&N now flooded with cash n in the midst of discussion for M&A.. could it be f n b nutrition? if kwap offers seem unattractive for canone management, means they may be dealing with a better deal.... worse case scenario is to take up kwap offer.... definitely good bet...