In November 2013, Aspire Insight Sdn Bhd made an offer to take over Kian Joo at RM1.47bil or RM3.30 per share. The parties involved have until March 23, 2016 to sign a definitive agreement - the fourth extension in two years running to fulfil all the relevant conditions.
The way events are developing, I believe Aspire has to close shop. Coming to three years, still Aspire is relaxing and Can One is in no man's land and Kian Joo is in limbo. All are dead, man!!! Have to wait for six more months.
Group entities which functional currency is RM A 10% strengthening of the Ringgit Malaysia (RM) against the following currencies at the end of the reporting period would have increased/(decreased) post-tax profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular interest rates, remained constant and ignores any impact of forecasted sales and purchases. Profit or loss Group RM’000 31 December 2015 SGD (179) USD (779) 31 December 2014 SGD (215) USD 1,050
A 10% strengthening/(weakening) of the USD against RM at the end of reporting period would have increased/(decreased) post-tax profit or loss by RM835,000. This analysis assumes that all other variables, in particular interest rates, remained constant and ignores any impact of forecasted sales and purchases.
its all about the book rate u used and actual rate you pay... cause accounting need to be recorded (normally on a standard rate for easier to keep record) but actual pay rate will only come out when you make payment... thus there is always gain/loss on forex and u know la in 2015 RM has fallen so badly thus the book result and actual payment makes the losses in USD so huge lor...
very low pe counter , eps exceed 45c , thus the weakening of USD but strengthening of ringgit must have a great impact on its future earnings. Not bad 8 % div ex on 5/7 which is the winning factor for the running up to its height at more than RM 5 in August 2015.
Pity no one answer you. Can I answer on behalf? 8% is on par value which is 50 sen so dividend is 4 sen. Dividend yield is only 1.01%. Many counters can give better dividend than Can-One 4 sen. Eg Media, MediaC, Penergy, Tropicana, etc. http://klse.i3investor.com/servlets/stk/fin/5105.jsp
F & B Nutrition Sdn Bhd profit for 2015 = RM42mil if PE 13 = RM564,500,000, (early 2015 canone bought F&B 20% share at ~pe 13) therefore F&B worth RM2.93 per canone share.
Kian Joo Can Factory Bhd ~146,131,272 NoS @ RM3.15 = ~RM460,313,506.80 (Can one owned 32.9% of 444,168,000 NoS of KJ, Current KJ share price = RM3.15) therefore KJ worth RM2.39 per canone share.
where i get the info, i cant remember, either news or announcement. its on my personal record. "early 2015 canone bought 20% share of F&B for RM112.9mil." so its roughly about pe 13. the pe 20 is what the news says canone seeking pe20 and kwap involved (but i think its just rumour, no official announcement yet, and canone deny the news)
so pe13 is actual happened and pe20 is what canone looking for. so i think pe13 is more reliable. and F&N is about pe20 and you think F&B worth pe20 also?? btw one of the blogger (cephasyu) gave pe15 for F&B.
if u check the circular when they buyout the 20% of F&B, basis was 15 times 2013 profit. i think there must be something brewing if not the rumours would not be there in the first place. if they really dispose it off, it doesn't make sense for them to sell at the same PE, should try to sell higher
wait for 8% div ex 5/7/2016 n it is still a long way to go. the run up shall be in 1-2 wks b4 ex..now is the time to push it lower , so the operators may get it cheap! This is not a PN17 co, why all the hoo haa on its demise ?
Please don't be panic. It is a blessing in disguise as Can-One will find another buyer who will pay more than the price Aspire has previously agreed. This is the reason as to why the sale kept being delayed. So, brace for more actions in the weeks ahead.
Moreover, if you look at the top thirty largest shareholders, you will notice that Mr. Koon Yew Yin and his nominees are holding substantial shares in Can-One. I believe the value is worth more than RM80,000,000. It must be good for him to buy so much.
it is puzzling that after sticking around for all these years, aspire would walk away when all green lights are given. n d way kian joo just announce it in a few sentences. I have a feeling that there may be more than what we see. with kwap news out, maybe shd hold a while longer to see what's going on actually
Ya...you are right. Cancelling after KJ announced 20% increase in revenue and record profit, and extensions after extensions (during which oil price does not drop???), suddenly EPF sees plastic as a threat. Brilliant!!!
Maybe those who felt that Can-One was acquiring the balance 20% at sky high price may now jump in to say that they want higher price for the sale now.....lol.
If you ask the previous ED whom I bump into recently, he will tell you gearing is never an issue for Can-One. Else how can Can-One survived without dividend from Kian Joo for so long.
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