Tuesday, April 16, 2013

Cocolnd ... Apr13

A change in the major shareholding of Cocoaland could on the cards as its substantial shareholder Leverage Success Sdn Bhd is believed to be in talks with HK listed Swire Pacific Ltd to sell its 38.04% stake in the company.

The price tag for the block of Cocoaland shares sought by the vendor could be as much as rm250 million or rm3.82 a share. Swire Paccific is the largest shareholder of Cathay Pacific, HK’s largest airline.

It is learnt that both parties have been in discussion for a couple of months but have yet to agree on the price. The asking price of rm3.82 represents a PER of 31 times based on its FY2012 earnings.

At current (April 2013) of 17 times, Cocoaland is already richly valued although they are positive on the company’s prospects.

It has inked a merchandise licence agreement, granting the company the use of the Angry Birds trademark for two years. The group is also in the midst of securing another franchise agreement.

While Cocoaland is richly valued, the company has a clean and strong balance sheet and a powerful strategic partner in F&N Bhd.

F&N upped its stake in Cocoaland to 27.19%.

Its cash flow from operations stood at rm10.3 million in FY2012.


Anonymous said...

I read this post completely regarding the difference of latest and preceding technologies, it's remarkable article.

Feel free to visit my webpage; More Helpful Hints

Anonymous said...

Everything is very open with a clear explanation of the challenges.
It was truly informative. Your website is extremely helpful.
Thanks for sharing!

My web-site: Full Article

Anonymous said...

Quality posts is the secret to be a focus for the visitors to pay a quick visit the site,
that's what this site is providing.

Also visit my webpage :: outstanding English cream retrievers content

Anonymous said...

I was extremely pleased to find this page. I wanted to thank you for
your time for this particularly wonderful read!! I definitely really liked every part
of it and i also have you book-marked to look at new information in your site.

My web-site :: Useful Source

Anonymous said...

Very descriptive post, I loved that a lot. Will there be
a part 2?

Take a look at my blog ... handy minature golden retriever facts

Anonymous said...

I'd like to find out more? I'd want
to find out more details.

Anonymous said...

If you are going for most excellent contents like I do, only go
to see this website every day because it presents feature contents, thanks

Feel free to visit my homepage ... click To Read More

Anonymous said...

I used to be suggested this website through my cousin.
I am no longer positive whether or not this post is
written via him as nobody else know such particular about my problem.
You're incredible! Thank you!

my web page - Important Link

Anonymous said...

Ahaa, its good conversation about this piece of writing here at this web site,
I have read all that, so now me also commenting here.

Review my page Black Labrador Golden Retriever Mix

Anonymous said...

Good day! Do you use Twitter? I'd like to follow you if that would be okay. I'm undoubtedly enjoying your blog and
look forward to new updates.

my weblog Important Source