Posted by Kevin Scully
Another one of my Stock Picks (Yield) - Cerebos Pacific Ltd) is now likely to be delisted. This is fourth Stock Pick and joins the ranks of Sinomem, Adampak, Allgreen and Juken. In an announcement to the SGX yesterday, Cerebos indicated that Suntory Group, its 82% shareholder intends to delist Cerebos and will make an exit offer of S$6.60 per share to all minority shareholders. Cerebos also announced its Q2-2012 results yesterday. While revenue was relatively flat with growth of less than 5%, net profit for Q2-2012 rose 40% to S$22.7mn but if we exclude other income which is the recognition of an insurance claim of $2.7mn, net profit rose about 23.1% ...
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