Tuesday, June 21, 2011

SILVER ... Jun11

Its tie up with KPFM as part of the national food stockpile agenda has stirred interest in the company. The question now is how significant this venture will be for Silver Bird, which currently earns most of its income from confectionery products and prepaid cards.

The national food stockpile, or GMN was mooted to boost the income of FELDA settlers and is expected to constitute between 10% and 18% of national consumption.

KPF Quality Foods Sdn Bhd (KPFQ), in which Silver Bird owns 30% stake via its unit Stanson Marketing Sdn Bhd, was established for this purpose.

KPFM’s wholly owned subsidiary KPF Holdings Sdn Bhd holds a 60% stake in KPFQ, while the remainder 10% is held by little known Consortium Fresh Food Quality Bhd (CFFQ).

Under the deal, KPFQ will purchase, process, package and sell agri food products and other related food products from GNM and other suppliers.

It has been reported that the Federal Land Development Authority (FELDA) has committed rm750 million to the GNM project over the next 10 years. Will Silver Bird et a big slice of this cake?

The venture is a boon to the company it will have to access to KPFM’s more than 30000 retail outlets and FELDA’s community of more than one million settlers and their families, and FELDA staff. Silver Bird currently has 20000 participating retail outlets.

More importantly, the collaboration also gives Silver Bird the opportunity to grow beyond Malaysia and Singapore, as it plans to ride on Felda Golobal Ventures Holdings Sdn Bhd’s network abroad. The group’s international businesses are held under FCVII, which is owned by FELDA.

This tie up with FELDA will definitely give Silver Bird a quantum leap and the distribution of the agri food products will start as early as July 2011.

Furthermore since the venture will leverage on Silver Bird’s fleet of more than 300 trucks, the company can fully utilize its asserts and hence, generate a higher return on assets. While FELDA group has its own distribution channels, Silver Bird’s agenda of distributing agricultural products. Silver Bird’s confectionery products have a shorter life span, similar to that of agri food products.

Silver Bird attributes the collaboration with FEDLA to Daud Yunus, the MD of Perkasa Nomandy. The fund management company is the adviser for CVC Ltd, which in turn owns more than 9% of Silver Bird. While Daud controls CEFQ, which has a 10% stake in Silver Bird, its MD has more than 15% stake in it, which Berjaya Corp Bhd’s Tan Sri Vincent Tan holds a 21.59% stake.

As KPFM has a 13.36% stake in Silver Bird, it makes sense for it to undertake the project with the latter. Additionally, KPFM can leverage on Silver Bird’s brand name and network to market the products.

Silver Bird’s tie up with FELDA could be a catalyst for the company’s shares.

Meanwhile Silver Bird Group Bhd has proposed a private placement exercise of new ordinary shares of up to 10% of its issued and paid-up share capital. The actual proceeds to be raised from this would be dependent on the issue price and actual number of placements shares to be issued.

Proceeds from the proposed private placement should be utilised for repayment of bank borrowings as well as to defray the expenses in respect of the proposed private placement.

The group's total outstanding borrowings stood at RM130mil as of June 6 2011.

61 comments:

Anonymous said...

xanax online xanax generic best - does xanax show up job drug test

Anonymous said...

generic xanax xanax drug to drug interactions - xanax generic pills look like

Anonymous said...

generic xanax xanax and weed - generic xanax 11

Anonymous said...

buy tramadol online buy generic tramadol online - there generic form tramadol

Anonymous said...

xanax online xanax or ativan - xanax good alcohol withdrawal

Anonymous said...

generic xanax buy xanax online united states - what is xanax drug for

Anonymous said...

xanax online xanax effects breast milk - lorazepam vs xanax drug test

Anonymous said...

generic xanax xanax without prescriptions cheap - xanax side effects glaucoma

Anonymous said...

buy tramadol online tramadol high much - buy tramadol online fedex delivery

Anonymous said...

buy tramadol online tramadol hcl 50mg side effects in dogs - tramadol 50mg n024

Anonymous said...

tramadol online overnight best place to buy tramadol online reviews - tramadol hcl 75mg

Anonymous said...

buy xanax online no prescription pass drug test xanax your system - buy xanax pills

Anonymous said...

xanax cost xanax withdrawal 0.25mg - blue round xanax generic

Anonymous said...

buy tramadol online buy tramadol online by cod - tramadol no prescription overseas

Anonymous said...

buy carisoprodol carisoprodol drug interaction - carisoprodol typical dosage

Anonymous said...

generic xanax harmful effects xanax - xanax 1mg dose

Anonymous said...

xanax online xanax not working - pfizer xanax 1 mg

Anonymous said...

generic xanax much xanax pills - legal to order xanax online

Anonymous said...

xanax online xanax bars online no prescription - overdose of xanax

Anonymous said...

buy carisoprodol carisoprodol usa no prescription - carisoprodol 350 mg addictive

Anonymous said...

buy tramadol online tramadol 100 mg withdrawal - tramadol online no prescription needed

Anonymous said...

buy tramadol online tramadol extended release high - tramadol for dogs vs tramadol for humans

Anonymous said...

buy cialis online with prescription cialis online miglior sito - buy cialis online pharmacy

Anonymous said...

buy tramadol online tramadol withdrawal for dogs - can tramadol withdrawal kill you

Anonymous said...

buy tramadol online tramadol overdose child - tramadol ultram seizures

Anonymous said...

buy generic cialis daily use cialis reviews - generic cialis black 800mg

Anonymous said...

xanax online buy xanax vicodin online - xanax bars pink

Anonymous said...

cialis online cialis online au - buy generic cialis online us

Anonymous said...

buy cialis online buy cheap cialis australia - cialis daily use instructions

Anonymous said...

xanax online how long are xanax pills good for - xanax effects pregnant women

Anonymous said...

xanax online xanax withdrawal day 5 - xanax high bluelight

Anonymous said...

cialis online generic cialis fast delivery - cialis online usa pharmacy

Anonymous said...

buy cialis online is it safe to buy cialis online usa - buy cheap cialis today

Anonymous said...

cialis online cialis jelly review - reviews for online cialis

Anonymous said...

buy tramadol online tramadol withdrawal pregnancy - help buy tramadol

Anonymous said...

http://landvoicelearning.com/#51602 what does tramadol 50 mg do to you - tramadol dosage levels

Anonymous said...

http://buytramadolonlinecool.com/#73892 tramadol jwh 018 - tramadol hcl side effects in dogs

Anonymous said...

learn how to buy tramdadol best place buy tramadol online reviews - tramadol dosage effects

Anonymous said...

buy tramadol tramadol 50mg an 627 - cheap tramadol with cod

Anonymous said...

buy tramadol buy tramadol england - tramadol dosage in elderly

Anonymous said...

http://buytramadolonlinecool.com/#51726 tramadol buy cod - tramadol buy thailand

Anonymous said...

buy tramadol next day tramadol dosage directions - tramadol 325 mg dosage

Anonymous said...

buy tramadol tramadol online bluebook - tramadol 50mg for dogs side effects

Anonymous said...

http://blog.dawn.com/dblog/buy/#21563 tramadol cod money order - tramadol 50 mg with tylenol

Anonymous said...

buy tramadol online tramadol can you snort - buy tramadol usa pharmacy

Anonymous said...

ways to buy ativan online ativan overdose many pills - ativan taper alcohol withdrawal

Anonymous said...

ways to buy ativan online ativan dosage to get high - ativan to buy online

Anonymous said...

ways to buy ativan online ativan long before addiction - lorazepam 1mg orfidal

Anonymous said...

ways to buy ativan online side effect tablet lorazepam 1mg - dosage of ativan for sleep

Anonymous said...

generic ativan online legal buy ativan online - ativan side effects pediatric

Anonymous said...

buy tramadol online generic tramadol ingredients - tramadol dosage women

Anonymous said...

buy xanax online cheap no prescription xanax bars g3722 effects - xanax online mastercard

Anonymous said...

xanax pill xanax and alcohol more drug_interactions - how many 2mg xanax to overdose

Anonymous said...

buy tramadol online can tramadol for dogs be crushed - tramadol 4 dollar list

Anonymous said...

buy tramadol online tramadol dosage nz - tramadol withdrawal emily post

Anonymous said...

buy discount tramadol tramadol hcl with ibuprofen - tramadol 50mg street

Anonymous said...

buy tramadol saturday delivery tramadol side effects - high with tramadol

Anonymous said...

where can i buy xanax online legally xanax used as a drug - xanax drug test navy

Anonymous said...

buy xanax online xanax overdose icd 9 code - price of 2mg xanax

Anonymous said...

is it illegal to buy xanax online many xanax bars kill you - alprazolam 0 5 mg bula

Anonymous said...

http://ocean-news.com/enewsletter/buytramadol/index.php?page=73 legal buy tramadol online uk - buy generic tramadol.net