Author Topic: EFOODS -- Engro Foods Limited  (Read 235459 times)

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Offline space

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Re: EFOODS -- Engro Foods Limited
« Reply #1339 on: November 06, 2012, 03:48:51 PM »
I must whisper this or scream, don't know

laooooooooooo maaaaaaaaaaaaaaaaaaal :D

closed on cap, mubarrak to holders 76+ means flight for 80+ may be at hand, hold on to your seats!!!!!!!!!!!!
Portfolio : I try to adhere to Div 40% Growth 20% Midterm Play 10%  Daily Masti Items 10% CASH 20%

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Re: EFOODS -- Engro Foods Limited
« Reply #1339 on: November 06, 2012, 03:48:51 PM »

Offline asadullah1977

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Re: EFOODS -- Engro Foods Limited
« Reply #1340 on: November 06, 2012, 04:01:25 PM »
 :dance :dance :dance

bought on the news on my last post on Nov 3 regarding a rumour and today heard about individual buying. seniors pls comment on the upside
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Offline 007

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Re: EFOODS -- Engro Foods Limited
« Reply #1341 on: November 06, 2012, 04:01:40 PM »

Offline stockz_123

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Re: EFOODS -- Engro Foods Limited
« Reply #1342 on: November 06, 2012, 04:43:47 PM »
Remarkable show Efoods MashaAllah  :clap1: :shoaby: :dance

Offline naumaan

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Re: EFOODS -- Engro Foods Limited
« Reply #1343 on: November 06, 2012, 09:48:41 PM »
Remarkable show Efoods MashaAllah  :clap1: :shoaby: :dance
Tomorrow will another CAP or down after booking profit by big fishes   :fingerscrossed1:  ............ any reason for this CAP !!!!

Offline asim.786

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Re: EFOODS -- Engro Foods Limited
« Reply #1344 on: November 07, 2012, 12:36:01 AM »
Remarkable show Efoods MashaAllah  :clap1: :shoaby: :dance
Tomorrow will another CAP or down after booking profit by big fishes   :fingerscrossed1:  ............ any reason for this CAP !!!!
Looks strong tomorrow rumor is that it's foreign buying   It may touch 80 at least now
Top Picks. EFOODS,PPL,SHEL,FFC,PNSC,JSCL,BIPL.FFBL,IGIIL!CSAP

Offline 007

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Re: EFOODS -- Engro Foods Limited
« Reply #1345 on: November 07, 2012, 01:50:17 AM »
Remarkable show Efoods MashaAllah  :clap1: :shoaby: :dance
Tomorrow will another CAP or down after booking profit by big fishes   :fingerscrossed1:  ............ any reason for this CAP !!!!

dont confuse your self buy it and put it in a box for 3-4 years

Offline Farzooq

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Re: EFOODS -- Engro Foods Limited
« Reply #1346 on: November 07, 2012, 11:55:27 AM »
ENGRO to sell 12% of EFOODS for PKR92/sh
          Market is ripe with rumors that Engo Corp. (ENGRO) has entered in an agreement with Al Marai (Saudi Arab based dairy producer) to sell 91.2mn shares (12% of total outstanding shares) of Engro Foods (EFOODS) to the dairy company
          Recall that we analyzed this possibility in our report titled “ENGRO: Faith will move mountains” dated August 30, 2012.
          The deal is rumored to be struck at the price of PKR92/sh. This explains the recent activity in EFOODS which closed on upper cap of 5% yesterday and is currently trading 4.7% up as of last print
          ENGRO holds 673.0mn shares (88.6%) of EFOODS at carrying value of PKR10/sh. This deal translates into a one time gain of PKR7.5bn and cash inflow of PKR8.4bn for ENGRO. Post this deal ENGRO’s stake in EFOODS will drop down to 581.8mn shares (76.6%)
          The deal is positive for ENGRO as it would significantly reduce ENGRO’s consolidated debt arising from their fertilizer business
          This will also be positive for EFOODS as it would lead the stock price to realize its fair value
          We maintain our BUY stance on both ENGRO and EFOODS, having recently revised our Dec12 TP for EFOODS to PKR88/sh, presenting 15% upside from last close – BUY!

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Offline Dehan

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Re: EFOODS -- Engro Foods Limited
« Reply #1347 on: November 07, 2012, 12:00:39 PM »
ENGRO to sell 12% of EFOODS for PKR92/sh
          Market is ripe with rumors that Engo Corp. (ENGRO) has entered in an agreement with Al Marai (Saudi Arab based dairy producer) to sell 91.2mn shares (12% of total outstanding shares) of Engro Foods (EFOODS) to the dairy company
          Recall that we analyzed this possibility in our report titled “ENGRO: Faith will move mountains” dated August 30, 2012.
          The deal is rumored to be struck at the price of PKR92/sh. This explains the recent activity in EFOODS which closed on upper cap of 5% yesterday and is currently trading 4.7% up as of last print
          ENGRO holds 673.0mn shares (88.6%) of EFOODS at carrying value of PKR10/sh. This deal translates into a one time gain of PKR7.5bn and cash inflow of PKR8.4bn for ENGRO. Post this deal ENGRO’s stake in EFOODS will drop down to 581.8mn shares (76.6%)
          The deal is positive for ENGRO as it would significantly reduce ENGRO’s consolidated debt arising from their fertilizer business
          This will also be positive for EFOODS as it would lead the stock price to realize its fair value
          We maintain our BUY stance on both ENGRO and EFOODS, having recently revised our Dec12 TP for EFOODS to PKR88/sh, presenting 15% upside from last close – BUY!

bma

Gain on sale of investment is (82 x 91.2) 7,478.4 million
"Suno sab ki, laiken Dehan apna apna"

Offline Dehan

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Re: EFOODS -- Engro Foods Limited
« Reply #1348 on: November 07, 2012, 12:06:06 PM »
ENGRO to sell 12% of EFOODS for PKR92/sh
          Market is ripe with rumors that Engo Corp. (ENGRO) has entered in an agreement with Al Marai (Saudi Arab based dairy producer) to sell 91.2mn shares (12% of total outstanding shares) of Engro Foods (EFOODS) to the dairy company
          Recall that we analyzed this possibility in our report titled “ENGRO: Faith will move mountains” dated August 30, 2012.
          The deal is rumored to be struck at the price of PKR92/sh. This explains the recent activity in EFOODS which closed on upper cap of 5% yesterday and is currently trading 4.7% up as of last print
          ENGRO holds 673.0mn shares (88.6%) of EFOODS at carrying value of PKR10/sh. This deal translates into a one time gain of PKR7.5bn and cash inflow of PKR8.4bn for ENGRO. Post this deal ENGRO’s stake in EFOODS will drop down to 581.8mn shares (76.6%)
          The deal is positive for ENGRO as it would significantly reduce ENGRO’s consolidated debt arising from their fertilizer business
          This will also be positive for EFOODS as it would lead the stock price to realize its fair value
          We maintain our BUY stance on both ENGRO and EFOODS, having recently revised our Dec12 TP for EFOODS to PKR88/sh, presenting 15% upside from last close – BUY!

bma

Gain on sale of investment is (82 x 91.2) 7,478.4 million

Outstanding shares of ENGRO =511.27   Gain on sale of investment is 7,478.4  effect on EPS = 14.63
"Suno sab ki, laiken Dehan apna apna"

Offline asadullah1977

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Re: EFOODS -- Engro Foods Limited
« Reply #1349 on: November 07, 2012, 12:15:43 PM »
 :clap1:

rumour was told on Nov 3 pls check and i said 90. thanks Farooz
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Offline jay

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Re: EFOODS -- Engro Foods Limited
« Reply #1350 on: November 07, 2012, 12:23:32 PM »
means we buy more.

Offline asadullah1977

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Re: EFOODS -- Engro Foods Limited
« Reply #1351 on: November 07, 2012, 12:36:57 PM »
AKD & AH group still sayin its a rumour any confirmations as its nearing upper lock :confused1:
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Offline 007

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Re: EFOODS -- Engro Foods Limited
« Reply #1352 on: November 07, 2012, 12:47:20 PM »
same thing happend to UBL it rallied from 70 to 85 a year back on similar roumours

i think correction ho sakti hai short term holders should book profit for 50% of their holdings

I am not one of them

Offline dreamer

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Re: EFOODS -- Engro Foods Limited
« Reply #1353 on: November 07, 2012, 09:02:53 PM »
My questions to seniors and other smart guys. Apologies if the questions are silly.

Why would somebody be willing to buy EFOODS @Rs.92 when it still is, and was, priced Rs. 10 to 20 below the offer price. Why didn't that investor buy it from the market?

Offline saifullahkhan7

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Re: EFOODS -- Engro Foods Limited
« Reply #1354 on: November 07, 2012, 09:07:00 PM »
My questions to seniors and other smart guys. Apologies if the questions are silly.

Why would somebody be willing to buy EFOODS @Rs.92 when it still is, and was, priced Rs. 10 to 20 below the offer price. Why didn't that investor buy it from the market?

First of all its not a silly question, second, well most of the people are not sure how high it can go, if it goes up at all, like right now are willing to take risk on TPL Trekker or Ayesha Steel Mills (new to market). And last in this particular case the said group is from Saudi Arabia (if i am correct) so chances are, they were not aware of effoods being offered at 20.

Hope this satisfy your curiosity  :good
Trust in God! & Candle Sticks, Bollinger Bands and looking into  2 Yrs EPS/DPS helps!!!

Offline Saiti

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Re: EFOODS -- Engro Foods Limited
« Reply #1355 on: November 07, 2012, 09:18:37 PM »
My questions to seniors and other smart guys. Apologies if the questions are silly.

Why would somebody be willing to buy EFOODS @Rs.92 when it still is, and was, priced Rs. 10 to 20 below the offer price. Why didn't that investor buy it from the market?

First of all its not a silly question, second, well most of the people are not sure how high it can go, if it goes up at all, like right now are willing to take risk on TPL Trekker or Ayesha Steel Mills (new to market). And last in this particular case the said group is from Saudi Arabia (if i am correct) so chances are, they were not aware of effoods being offered at 20.

Hope this satisfy your curiosity  :good
Saif i thought of replying to this question and was thinking of starting my reply with "this is not a silly question..." aur daikha keh you have already said that.  :good

I think the buyers must have made a deal, they would've put a demand like they would be the member of BoD(just guessing)... market se buy karne per probably yeh faide na milte.

Offline saifullahkhan7

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Re: EFOODS -- Engro Foods Limited
« Reply #1356 on: November 07, 2012, 09:45:20 PM »
What a coincidence ...... but we are not soul mates or something dude  ;) lolzzzzzzzz
Trust in God! & Candle Sticks, Bollinger Bands and looking into  2 Yrs EPS/DPS helps!!!

Offline Poker Face

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Re: EFOODS -- Engro Foods Limited
« Reply #1357 on: November 07, 2012, 09:49:52 PM »
It is not easy to buy such huge quantity from market. Secondly other buyers can also buy shares the big party intend to buy. 92 is a still cheap for long term buyers with horizon of 10-15 years 
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Offline Valueestimator

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Re: EFOODS -- Engro Foods Limited
« Reply #1358 on: November 07, 2012, 09:53:01 PM »
the divestment could be more than 10%.
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