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Welcome to Ministry of Wealth and Gifts for your loved ones!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Tuesday, 12 January 2010

Olam - Possible Triple Top?

Olam International (Olam) has announced its plans to acquire Crown Flour Mills Ltd for a total consideration of US$107.6m. The transaction will be funded from borrowings, internal accruals and proceeds from the group’s recent capital raising activities. According to Olam, Crown Flour Mills is among the three largest wheat millers in Nigeria and supplies bread flour, noodle flour and semolina to both industrial and wholesalers in the country. The acquisition is expected to contribute steady state PBT of US$23.3m from FY12-13

Posted by Createwealth8888 at 12:40
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