The synergies Bounty offer actually makes it better to be a shareholder and let them control 51%. Since they are fully integrated in the Philippines
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The synergies Bounty offer actually makes it better to be a shareholder and let them control 51%. Since they are fully integrated in the Philippines
They could also relief the supply gut, exporting chickens to the middle east making tegel a bit more profitable locally
bounty brought 11m more yesterday now at 54%.
I decided to half my position yesterday and took some profit , im gonna keep my other half for takeover approval. not worried if it doesnt go ahead as i will buy more after the fact probably like those instos selling now will do
As many of our companies are majority owned by overseas interests, at what % do they need OIO approval. Even if Bounty didn't get any more, they are going to remove a few tiers of management
Tegel was shopped all over the world for a trade sale prior to being IPOed.
Possibility is there but most trade buyers would be very pleased that they steered clear of this freaking con-job of an IPO - inflated forecasts and a token Chairman who fled the scene of the crime in a big hurry.
Just to be a bit different with the Instos, I wouldn't be selling even half of what little holding I have or buying anymore at the current price. As one Vulgar_ian comedian would normally say, "we'll see" :cool:
Tegel has become one of the laggards in one of the most promising sectors in the world. There are multibaggers in this sector. For example, in India, there was a more than 16 bagger poultry company and it reached that status over the last three years. To get investor confidence, it has to produce strong balance sheet and should become a well-run company. As it is new to the market, we need to study its performance during next five years to get better idea about its outlook. As I said, strong balance sheet firms in this sector will outperform others. Share prices of debt free, cash rich and well run companies with strong balance sheets have gone up dramatically during last three years.
bounty brought another 11 m shares probably keep buying i reckon as they will be saving millions
Holding to get full $1.27 price or higher as Goldman Sachs advising Tegel. Probably will find extra value somewhere since listing to back up original IPO price. Average cost price reduced for Bounty by early on-market purchasing shows they are serious and really want this deal to progress. One would assume Bounty would NOT be interested in dumping their holdings currently purchasing back to 80cents taking a huge loss if approval not forthcoming. Either way the future for Tegel looking more promising especially if chicken glut eliminated by possible export market opening with Bounty.
Chicken prices are sure to rise.......................................