If ThaiBev successfully completes a share swap with TCC Assets, TCC Assets' stake in FPL will rise to 86.89%. With such a high percentage of ownership, is it possible that FPL could be privatized?
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524773 : I think the possibility is there. at the very least it is one step easier than having stakes via thaibev in which thaibev is not wholly owned by the majority shareholder. so if the FPL shares of 80+ percent is under one single wholly owned entity...... I supposed eventually this got to be a card they can play?
Jack LSW OP 524773 : Sometimes I wonder what the benefit is of listing a company if its value isn't accurately reflected and it has low trading volume?
524773 Jack LSW OP : haha standard answers include (can tap the capital market to raise funds. ok this one FPL used before over the last few years. although usually the 80+% come from owner at 10+ % via other shareholders)
if I have to say other reasons could be - you are worth what you are via open market ... else you think you worth a lot through your nav but actually also is you think so only the market doesn't think so , so put on the market is a way to find the answer. sometimes I think owners have different take of the answers and they didn't like the market answers so they take it off lor haha... and it works sometimes to their favour. I have seen some counters ipo, takeover and ipo again... with luck keep repeating can let the owner earn and earn. for FPL I think this owner very rich la no need to play this tricks haha.
let's see if they really will do a takeover soon. haha I bought a small batch for trading if they can take over before i sell away best.
Jack LSW OP 524773 : Based on my past experience in the stock market, I'll generally steer clear of stocks with a controlling shareholder and a reputation for being difficult to sell. For instance, FPL is a prime example. Its daily trading volume is typically low unless there's significant market news.
524773 Jack LSW OP : ya FPL very difficult to play. need patience many haha
102986280 : impossible to privatise. the reference price is set so high, no one will sell them cheap. the company effectively have full control of the Fraser, stupid to pay a huge premium to privatise it!
Jack LSW OP 102986280 : The word 'impossible' contains 'possible' within it; it all depends on how we choose to approach things for the greater good. According to ZaoBao, 12 companies have been delisted from the SGX in the past eight months since 2024.