FOOD EMPIRE - UOBKAYHIAN MID-CAP $0.50 COMING.....THEN $1.00

Food Empire will enjoy forex gain from the strengthening of the ruble.

Just compare -- in end-Dec 2015, 70 rubles to USD. Today, it is 60 rubles.

Consumer stocks privatised at lofty valuations. With Super Group being taken over
by coffee giant Jacobs Douwe Egberts at about 30x earnings, we view conditions as very favourable for privatisations in this sector as consumer discretionary spending has slowed, resulting in depressed valuations.

Following the delisting of Super (which
followed that of Viz Branz in 2013 at 16-17x PE), Food Empire is the only 3-in-1 coffee play listed on the SGX and trades at only 13.9x 2017F PE currently.

pine wrote:

Food Empire will enjoy forex gain from the strengthening of the ruble.

Just compare -- in end-Dec 2015, 70 rubles to USD. Today, it is 60 rubles.

It's spot on. The strengthening of the ruble will have a strong impact on Food Empire's profitability for 2016 and this year. Already, the ruble has strengthened to 57.9 rubles to a USD. This is 17% gain. "Free money"

CEO bought shares again, after results announcement.

2 March 2017: 3.18 m shares at 58.2 cents

1 March 2017: 824.2 K shares at 56.5 cents.

BNN wrote:

CEO bought shares again, after results announcement.

2 March 2017: 3.18 m shares at 58.2 cents

1 March 2017: 824.2 K shares at 56.5 cents.

I am still vested