Hints and tips:
...JDE Peet’s raised €2.25bn in May 2020 from a listing of its shares in Amsterdam at a price of €31.50....
...The companies did not disclose the price at which the gas — equivalent to about 5 per cent of Germany’s demand — would be sold....
...This month Gazprom Germania appointed Egbert Laege, a former Boston Consulting Group executive, as chief executive....
...Russia struck back in May by cutting the volume of gas it supplies to the company, forcing it to buy in the spot market instead, often at higher prices, and plunging GG into a financial crisis....
...While there is an active re-sale market, they also offer a low return on investment, given annual operating costs are typically 10 per cent of the purchase price....
...Although coffee bean prices paid to farmers remain depressed because of oversupply, business is booming for companies that roast and package coffee....
...on prices....
...The company’s shares dropped more than 9 per cent in early Amsterdam trading, taking the price below its initial listing price less than a year ago....
...JDE Peet’s shares dropped 2.7 per cent by Friday afternoon to €35.52, still 12.8 per cent above their May offer price....
...The company, which dates back to a grocery shop established in the Netherlands by Egbert Douwes in 1753, sold 61.7m new and existing shares at a price of €31.50 earlier on Friday, equating to a 14.4 per...
...The offer price represents about 11 times last year’s ebitda of about €1.5bn-€1.6bn and, depending on growth projections, a multiple of 10-13 times for this year....
...The IPO comes at a time when many companies across Europe and in particular in the UK have been seizing on their depressed share prices to raise capital from investors....
...But analysts foresee stronger oil prices as lockdowns ease. For the first time in two months, US oil prices are above $30 a barrel today....
...Besides Keurig Dr Pepper, the JAB beverages portfolio includes coffee brands Douwe Egberts, Jacobs and Peet’s....
...At JAB, this means picking smart, ambitious people to run each of its companies, which include Keurig Dr Pepper, Jacobs Douwe Egberts, and Pret A Manger, and letting them get on with it....
...The firm had been exploring a listing of Pret but decided it could get a more favourable price through a sale....
...Even more awkward here: the transaction price is a huge comedown. That said, the company was auctioned in full view with the chance for any buyer to put in a bid....
...Adam Hankiss, Ashley Arons, and Egbert de Groot have also been hired from Morrison, while Natascha Kiernan joins from Skadden....
...The purchase price amounts to a steep 15 times earnings before interest, depreciation and amortisation....
...Its nearest rival in soluble coffee, Jacobs Douwe Egberts — also part of JAB — has only about 8 per cent....
...Jacobs Douwe Egberts — in which JAB has a controlling stake — is offering S$1.30 a share for the Singapore company, a 34 per cent premium to Super’s last traded price of S$0.97 on Monday....
...“We think this reasonable ruling kills the bear thesis that Pandora’s content costs are unsustainable,” Mr Egbert said....
...More recently, JAB bought two premium brands — Stumptown Coffee and Intelligentsia — which are popular among hipster consumers who pay high prices for upmarket brews in the US....
...“The barrier to entry is low, and when somebody starts to discount premium coffee, it’s like cut-price fashion.”...
...Egbert Imomoh, Afren’s executive chairman, and four non-executive directors did not stand for re-election at its annual shareholder meeting on Thursday....
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