Stocks in the news (cpaxt, gulf, nrf, pce, sflex, siri, true) 03.10.24
CPAXT relists today, post amalgamation, but under original ticker. No ceiling/floor caps.
Comment: Yawn…
GULF shareholders meeting to approve merger with INTUCH today.
Comment: Of course it’s going ahead, this just helps GULF’s stretched balance sheet…
NRF to open 4,000 sq.m. Asian supermarket, Bamboo Mart, in Victoria Parade LDN, will add 1 more in LDN’s Chinatown by end of year, maintain 30% FY24 revenue growth target.
Comment: Should be doing halal food in london…nevertheless, what value does the NRF management team bring here? He’s proven to be incompetent in driving any new value for the plc
PCE: collabs with BCP to supplies used vegetable oil for production of sustainable aviation fuel.
SFLEX’s top holder & board member, Printrthorn Apithanasriwong, sold 4.68% to clear outstanding debt on margin account, no more shares pledged with broker, firms on record high profit this year.
Comment: Another one bites the dust.
SIRI closed sales of Standard hotels stake to Hyatt, received $150m upfront on closing date, with up to an additional $185m over time as additional properties enter Hyatt’s portfolio, expects to gain from collaboration with global chain. SIRI will still own 4 hotels, including 3 in TH and 1 in NY.
Comment: Anyone else impressed that SIRI has become the wheeler dealer in the TH prop market.
TRUE sees meaningful turnaround in 4Q from lower interest exp after used proceed from JPY141.3b sustainability loan to closed Bt33b $ denominated CD before maturity, mulls bidding for 850MHz, 2,100 MHz and 2,300 MHz spectrum upcoming auction in 1Q25.
Comment: For the first time in their history, the KPIs are now – make $