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SP being held down to fill massive orders , £1.759 million UK pound order already .
AC/DC guide to M&A charts a rocky road to making a beer monster: Alan Clark, Chief Executive of SABMiller, should study the oeuvre of Aussie rockers AC/DC as he negotiates the £60 billion-plus takeover of the brewer by rival Anheuser-Busch InBev. Mr Brito is seeking a recommended deal to create a $275 billion beer monster. A tie-up has been mooted for years. AB InBev, to paraphrase a band that is to feminism what Jeremy Corbyn is to royalism, will assert that it is time for SABMiller to quit its grinning and drop its linen. But Mr Clark should not accede to a dirty deal done dirt cheap. Wyn Ellis of Numis reckons the big South African, which listed in London in 1999, is worth about £41 per share. That is a steep premium of about 30% to the undisturbed price, if SABMiller can be said to have such a thing. If a recommended offer materialises it would likely be in equity and cash, given SABMiller’s scale and AB InBev’s net debts of $45 billion, according to S&P CIQ. But a supersized slice of shares for SABMiller investors would trigger bedlam in Belgium, where AB InBev’s own stock is listed. The bigger difficulty may be cultural. AB InBev has the aggressive culture epitomised by Mr Brito’s reputed taste in music. SABMiller is a politer place. A night of the long knives following a takeover could damage the combined business. A botched integration would put AB InBev where AC/DC has so repetitively claimed to be: on a highway to hell.
Looking at late trades page over £12 million after close of play . Hope for a good opening tomorrow !
Thought it was a bit oversold after it went x divi, was a good time to buy, :-) .
Thing with a take over offer is .... Holders have to agree to offer price , so 20% don't think so .
Take over bid . Details of price can't be confirmed and only up 21% , AIM is wears .
SABMiller has responded to recent press speculation and confirmed that Anheuser-Busch InBev SA/NV ("ABInBev") intends to make a proposal to acquire SABMiller. Its shares have rose more than 20% to midday.
Gla
Seems moving up today, 3375
Director buying is always a good sign
TARGET 3475 Trend of SABMILLER PLC show buying side. If it breaks the resistance level then one can initiate the buying position in the stock. Resistance level of 3445 with the stop loss of 3415 INDICATORS:- RSI is trading near to 62.29 level with positive bias, in coming session upside movement is expected. MACD and Signal line is above the zero level line. Skype tayal.smith1
SABMiller: the beer necessities: The brewer, which has a South African heritage, tells a plausible enough story. Around 70% of its revenue comes from Asia, Africa and Latin America, where middle-class incomes are growing but per-capita beer consumption is way below U.S. or European levels. Revenues in local currency terms grew by useful increments in the year to March: up 7% in Latin America and 9% in Africa. Even in mature markets, there was a little growth, helped by what the brewer terms “romancing” — giving key brands such as Pilsner Urquell and Miller Lite some extra love. SABMiller’s returns are reasonable. Margins improved in Latin America, Europe and North America, but fell in Asia and Africa. At group level, the return on capital is around 17%; comparable with, say, Diageo but less than Unilever or Nestlé, other popular plays on emerging consumer growth. SABMiller is a decent long-term play on emerging markets. But anyone buying in expectation of a frothy takeover premium could end up with the investment equivalent of a flat pint.
Miller Lite and Grolsch maker SABMiller delivered a strong finish to its financial year as strong growth in Africa and Latin America helped to accelerate top-line momentum in the fourth quarter. The world's second-largest brewer, which also owns a portfolio of soft drinks brands, said Asia Pacific also returned to growth during the three months to 31 March as lager volumes in China pushed into positive territory.
Announcing results later in week. Now is a very good BUY.
This rocky patch has lasted almost three weeks. Anyway normal service shall be resumed very soon = UP with good % rise.
Give or take a day, this is now over its rocky patch.
imo...not quite ready to drop that much, if anything still got more rising in it first. Watching closely, may get another 3-5% yet.
Sold yesterday. Will get back in if and when any retrace gets down to £32.
Good trading also includes getting out when you're on a loser. Unfortunately i see a BIG drop on the cards.
Now China slowdown hits beer sales: The world’s second biggest brewer SAB Miller has fought back against sluggish western beer demand by pushing its premium brands and expanding rapidly across emerging markets. However, a sharp slowdown in Chinese beer sales and slowdown in trading in the U.S. are a cause for concern for investors. The FTSE 100-listed brewing giant, which sells Peroni and Grolsch in the U.K., said revenue increased by 4% during the third quarter ended December 31. SAB Miller said that the Chinese market experienced a 7% fall in revenue and a 9% fall in beer volumes. China is a huge market and in some parts the slowdown was even worse. The company said that in the northeast and central regions beer volumes declines by double digits. SABMiller is also a major player in the soft drinks market. The company agreed a $3 billion deal with the Coca-Cola Company in November last year to form Coca-Cola Beverages Africa. The new company is the biggest bottler of the soft drink in Africa and the 10th largest in the world, with annual revenue of $2.9 billion (£1.8 billion). Questor thinks the expansion of soft drinks and sale of the hotels and casino operations looks sensible. The company is also delivering a solid performance against an extremely difficult economic backdrop. However, the shares are trading on 22 times forecast earnings per share, falling to 20 times next year. That is far too expensive for a company where earnings are falling in the current year and only growing by single digits next year. The shares only offer a prospective dividend yield of 2.1%. SABMiller at £34.42+99p. Questor Says “Hold”.
Back in at 3400.
Yup - I've just bought in. This looks like a good entry point. In many respects SAB are a better investment than Diagio right now
I bought this again today 3489 Think this will make up some serious ground next week.
What is your opinion on circa 3200 being a good re-entry here ??
Beer: drinking competition: Heineken, as instructed by its founding family, has pronounced SABMiller’s bid approach “not actionable” – suggesting that a decision was not even possible. The family values Heineken’s independent heritage. Very nice. But the family has just a 26% economic stake (it owns half of a company that owns just over half of Heineken). The flat refusal raises the old question: whose company is this, anyway? SABMiller might persist. Financing a bid for Heineken (enterprise value €46 billion) would not be easy for SABMiller (EV £69 billion), but not impossible. If the deal is financed by equity, combined net debt would be under three times earnings before interest, tax, depreciation and amortisation. If financed entirely by debt it would be an unfeasible seven times. A mixture would be affordable. As well as a global brand, Heineken would give SABMiller exposure to Southeast Asia, although there could be regulatory challenges in Europe. And there would be cost savings. According to Barclays, SABMiller squeezed savings worth 7% of sales from its 2011 Fosters acquisition. Apply that proportion to Heineken and there are potential savings of €1.3 billion. If ABI can extract savings worth a tenth of sales (conservative, given its recent record) from SABMiller, there is $1.7 billion to go for. Combine SABMiller with Heineken, though, and the £106 billion enterprise value looks too big (and too daunting, from a regulatory perspective) for AB InBev to attempt. The share price moves on Monday – Heineken up 1%, SABMiller up 10% – show where the market expects the action to be.