F&N @ $2.19

Sell @ $2.19

FY15 results were out last Friday…. didn't notice till I was alerted by the cd sign next to share price today… Div = 3ct maintained… 😀

Decided to sell as I'd bought recently as a bet for a better Div… was hoping for a tiny increase despite their previous news release stating that they intend to reinvest the proceeds from sale of Myanmar Brewery…

FY15 (Continuing biz) EPS = 4.4ct, down from 6.8ct… Big drop from Beverages due to Foreign Currencies weakness and Higher Marketing & Admin Expenses (new product launches such as Oishi & Coco Life cited)… PE = 50 (35 ex-cash) don't look good…  Cash = 67ct / share will be the main reason to provide price support… unless their EPS recovers… or increases from new acquisitions…

Leave a Reply