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RENUKA FOODS (COCO) Potential

+4
samaritan
Teller
samcader
Gainer
8 posters

Go down  Message [Page 1 of 1]

1RENUKA FOODS (COCO) Potential Empty RENUKA FOODS (COCO) Potential Fri Dec 25, 2015 3:40 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

RENUKA FOODS (COCO) Potential and Subsidiaries        

Renuka Agri Foods PLC (RAL)

Renuka Developments Ltd

Renuka Consumer Foods Ltd

Renuka Teas (Ceylon) (Pvt) Ltd

Renuka Agri Organic Ltd

Renuka Organics (Pvt) Ltd

Renuka Trading (Pvt) Ltd

Kandy Plantation Ltd

Ceylon Forestry (Pvt) Ltd

Ceylon Botanicals (Pvt) Ltd

Shaw Wallace Ceylon Ltd

Shaw Wallace Properties Ltd

Shaw Wallace Services Ltd

Shaw Wallace Agencies Ltd

Shaw Wallace Food Services Ltd

Bois Brothers (Pvt) Ltd

Captain Foods (Pvt) Ltd

Richlife Dairies Ltd

Directors buy last month 1.7 million shares at 29.50

http://www.cse.lk/cmt/uploadAnnounceFiles/8261446523897_461.pdf

COCO trading price very Attractive and last quarter EPS 1.50 Navps 31.45

2RENUKA FOODS (COCO) Potential Empty Re: RENUKA FOODS (COCO) Potential Fri Dec 25, 2015 5:28 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics


RENUKA FOODS IN SHARE SWAP


Renuka Foods PLC, has announced the proposed acquisition of issued voting Shares of Shaw Wallace Ceylon Ltd, held by CJ Patel & Company Limited, Fiji and Eagle View Management Ltd, Hong Kong by issue of Shares of Renuka Foods PLC via a Share-Swap. Today the business encompasses the complete value chain including plantations, manufacturing, international marketing and local distribution of food and beverage products.

As an integrated food and beverage organization the company is consistently developing its product portfolio and distribution capabilities. We are committed to delivering value added, innovative produce for the evolving global consumer through our meticulous process involving quality, research and development.
With changes in the local and international landscape and competition increasing it has become necessary for Renuka Foods  to consolidate its position in the sector and thus acquire shareholdings in group companies, so that the various legal business entities can be run as one entity thereby saving cost and improving operational efficiencies.

Taking the above into account, the Board of Directors of the Company, on Friday ( October 2) resolved as follows:
1. To offer to acquire the Shares in Wallace Ceylon Ltd held by Patel & Company Limited of Fiji Islands amounting to 20.36% in the Ordinary Voting Shares and Eagle View Management Ltd of Hong Kong amounting to 18.41% in the Ordinary Voting facilitated via a Share-Swap between the company and the said CJ Patel & Company Limited and Eagle View Management Ltd., in return for new shares of the company.

2. To recommend to shareholders the issue of 1 (one) Ordinary Voting share of Renuka Foods PLC for 4 (four) Ordinary Voting Shares of Shaw Wallace Ceylon Limited, subject to obtaining the necessary Corporate and regulatory approvals thereof. Renuka Foods PLC shares to be issued at LKR30.45 PER SHARE. The total number of new Ordinary Voting shares to be issued is 28,188,306 amounting to 31.40% of the total Issued Ordinary Voting Shares of Renuka Foods PLC and the percentage of the new Ordinary Voting shares to be issued; subsequent to the Private Placement will be 23.90%.
3. To recommend the listing of the above Ordinary Voting Shares arising from the above issue.
4. That the new Ordinary Voting Shares to be allotted will upon due acceptance, rank pari passu in all respects with the existing issued Ordinary Voting Shares and Ordinary Non-Voting Shares of the Company.
The issue of the new Ordinary Voting Shares by way of the Private Placement is subject to the Colombo Stock Exchange approving in principle the issue and listing of such shares, obtaining the approval from the Securities & Exchange Commission of Sri Lanka and the shareholders at a general meeting.

There was no issue of shares by Renuka Foods PLC during the past 24 months through a Private Placement.
The current number of issued Shares of Renuka Foods PLC is 89,771,800 Ordinary Voting Shares and 4,773,346 Ordinary Non-Voting Shares. The stated capital of Renuka Foods PLC is Rs. 1,383,508,316/=. The issue price of Renuka Foods PLC shares is at an 8.75% premium over current market price and is based on the Net Asset Value of the Company as at 30th June 2015. Shaw Wallace Ceylon Limited was also valued at its Net Asset Value for the purpose of this transaction.
The Board of Directors further resolved that the issue of 1 (one) Ordinary Voting Share of Renuka Foods PLC for 4 (four) Ordinary Voting Share of Shaw Wallace Ceylon Limited is a fair and reasonable price for the purpose is this transaction from the perspective of the Shareholders of Renuka Foods PLC, and to therefore recommend that the transaction takes place as stated above.

The acquisition through the Share-Swap, Renuka Foods PLC will own 98.94% of the voting shares of Shaw Wallace Ceylon Ltd directly and indirectly through its 100% owned subsidiary Renuka Consumer Foods Ltd. The Shareholding of Ordinary Voting Shares in Renuka Foods PLC by CJ Patel & Company Ltd will be 14,803,147 (12.55%) and by Eagle View Management Ltd will be 13,385,159 (11.35%). Currently, CJ Patel & Company Ltd and Eagle View Management Ltd do not have shares in Renuka Foods PLC.
http://www.ceylontoday.lk/22-105629-news-detail-renuka-foods-in-share-swap.html

3RENUKA FOODS (COCO) Potential Empty Re: RENUKA FOODS (COCO) Potential Fri Dec 25, 2015 9:33 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

FOOD Sector is the potential Now

CCS trading price at 425.00

SOY trading price at 452.00

KFP  trading price at 215.00

CARG trading price at 190.00

COCO trading price at 27.50

RENUKA FOODS (COCO) only still trading below value.

4RENUKA FOODS (COCO) Potential Empty Re: RENUKA FOODS (COCO) Potential Sat Dec 26, 2015 7:54 am

samcader


Manager - Equity Analytics
Manager - Equity Analytics

The  Net  Asset  value  of  the  above  shares  as  at  30.09.2015  are  as  follows;-
C.C.S.      Rs  122.87
Soy         Rs.  221.67
K.F.P.      rS.    66.22
carg        rs.    57.42
Coco       Rs.    31.42

Coco  is  grossly  undervalued  it  should  trade  at a  minimum  of  Rs.75/-

5RENUKA FOODS (COCO) Potential Empty Re: RENUKA FOODS (COCO) Potential Sat Dec 26, 2015 8:32 am

Teller

Teller
Moderator
Moderator


Most of the above companies have good finished products except COCO. Thats why they growth much. How ever it doesnt mean COCO is bad.
It has a value for money

6RENUKA FOODS (COCO) Potential Empty Re: RENUKA FOODS (COCO) Potential Sat Dec 26, 2015 5:36 pm

samaritan


Moderator
Moderator

RHL to be in the lime light!

7RENUKA FOODS (COCO) Potential Empty Re: RENUKA FOODS (COCO) Potential Mon Dec 28, 2015 2:21 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

samcader wrote:The  Net  Asset  value  of  the  above  shares  as  at  30.09.2015  are  as  follows;-
C.C.S.      Rs  122.87
Soy         Rs.  221.67
K.F.P.      rS.    66.22
carg        rs.    57.42
Coco       Rs.    31.42

Coco  is  grossly  undervalued  it  should  trade  at a  minimum  of  Rs.75/-

Yes COCO Major opportunity for buy and it's trading below value.

8RENUKA FOODS (COCO) Potential Empty Re: RENUKA FOODS (COCO) Potential Mon Dec 28, 2015 2:29 pm

SANA BOY


Stock Trader

RENU will easily touch Rs. 500/- when COCO and RHL started to run

9RENUKA FOODS (COCO) Potential Empty Re: RENUKA FOODS (COCO) Potential Mon Dec 28, 2015 8:21 pm

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

SANA BOY wrote:RENU will easily touch Rs. 500/- when COCO and RHL started to run
What is the connection between RENU and COCO/RHL  Shocked Shocked Shocked

10RENUKA FOODS (COCO) Potential Empty Re: RENUKA FOODS (COCO) Potential Tue Jan 05, 2016 1:50 am

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

COCO good profit will come december quarter financial report .

11RENUKA FOODS (COCO) Potential Empty Re: RENUKA FOODS (COCO) Potential Tue Jan 05, 2016 6:06 pm

Pora


Equity Analytic
Equity Analytic

They have LKR 600Mn in cash and cash equivalents, they should use that to buy more of RAL and reduce the minority interest...

12RENUKA FOODS (COCO) Potential Empty Re: RENUKA FOODS (COCO) Potential Tue Jan 05, 2016 6:52 pm

piras

piras
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

It will move atleast 35 before Q reports

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