subdomain: subpath: BUSINESS MAVERICK: Pepsi snaffles a SA champion | مصر
News Formal

BUSINESS MAVERICK: Pepsi snaffles a SA champion

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 75 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 84%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

BUSINESS MAVERICK: Pepsi snaffles a SA champion By Sasha Planting

For months market watchers have commented on the fact that South African stocks are trading well off their highs and pockets of value are beginning to open up, but now it seems others are beginning to notice too.

led by Tel Aviv-based Central Bottling Company, made an offer to acquire the entire issued share capital of Clover for R25 per share.The value is specifically in the shares of domestically focused companies, and oft en at the smaller end of the market, says Wilhelm Hertzog, portfolio manager at Rozendal Partners.

It is worth noting that valuations on SA-focused stocks may be cheap for a reason. Food producers have had to operate in a very challenging environment in the last 18 months. Input costs have risen sharply, but a constrained consumer makes it very difficult to recover costs fully.

Those who remember their history will know that Zeder gained its controlling stake in Pioneer Foods in an acrimonious bid for over-the-counter-listed Agri Voedsel in 2014 at R99.00 a share, recalls Clark. In the five years since that offer, using much higher Zeder rated paper to do the share swap, Zeder shareholders have gotten back an extra R11.00 a share for five years of owning Pioneer Foods. “Hardly a slam dunk investment as the Americans would say.

PepsiCo has historically focused on the soft-drinks and salted snacks business, but has diversified into cereals and cereal snacks, pasta meals and couscous en route to becoming a global leader in convenience foods and beverages.Pioneer Foods represents a differentiated opportunity for PepsiCo and allows us to immediately scale our business in Africa,” says PepsiCo chairman and CEO, Ramon Laguarta.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 3. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Business Maverick: Investors Gorge on African Bonds, But They’re Dodging Its StocksAfrican local bonds are on a tear as investors flock to riskier assets. But the continent’s stocks are missing out, despite being much cheaper than their emerging-market peers.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »

Business Maverick: Netflix Stock Plunges as Customers Fall on Price HikeNetflix Inc. shocked investors by reporting a drop in U.S. customers and much slower growth overseas, raising fears that the streaming giant is losing momentum just as competitors prepare to pounce.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »

Business Maverick: Thursday, June 18: Five Things You Need to Know to Start Your DayAsian stocks are poised for a downer amid mixed U.S. corporate earnings and lingering trade tension. A China investor who’s beaten almost all of his peers is betting big on Kong Kong. And Iran says it could shut the Strait of Hormuz if it wants to. Here are some of the things people in markets are talking about today.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »

Business Maverick: G7 finance chiefs pour cold water on Facebook’s digital coin plansGroup of Seven finance chiefs cast a cloud over prospects for Facebook's Libra digital coin on Wednesday, insisting tough regulatory problems would have to be worked out first.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »

BUSINESS MAVERICK - INVESTING: The global hot spots for property investmentSavvy investors monitor the world’s most investible cities, and put their money in the top 30. Two trends are worth watching – Chinese cities could come to dominate the index, and the insatiable demand for data is affecting property values.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »

BUSINESS MAVERICK: Small caps pose a significant buying opportunityThe underperformance of the JSE has mid- and small-caps trading at dirt-cheap levels. This offers some hope in an economy and financial market drowning in doom and gloom.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »