BJFoods Awakes Again?

Seattle Wunderkind!

Is it because there is some good news that the company intends to go public with on 9th October in conjunction with its AGM?

Possibly. Is it about the KRR operations or will it be focused especially on Starbucks?

No, can tell.

A Sumptuous Platter 

I believe that it could be another franchise that will be taken over under the wings of BJFoods. If so, how are we going to pay for it?  Also, is this acquisition adding value to the group? Will it be through a cash call which is too soon or perhaps through a paper-swap.

Possibly, the latter.

And the candidate?

Is it Krespy Kreme which may need cash for expansion to Penang, Johore Bahru, Kuantan and Ipoh; as well as to Kota Kinabalu and Kuching.

There is also Wendy's and Papa John to consider as well.

Roasters Galore!!

What is the net positive value contribution to the current portfolio?

With just organic growth, I do not expect a great re-rating of this counter though it has moved up quickly to 6 sen today and has gained traction at this price though it has not got over this tug-of -war price tussle of RM1.24-RM1.25 up to this moment of writing. As for the warrants, it went up to to 55.5 sen for a 4.5 sen gain. PS: It just broke through to RM1.28. Now, it is trading at off-best RM1.26.

Perhaps by next Tuesday we will know the news. So need a little patience...lah....