Mar 22nd, 2006, 23:22
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只看该作者 #23 | |
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告别2011
   
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Tim Hortons Inc. raises offer price Shares bumped up $4 to $25-$27 Interest high in coffee chain issue Mar. 22, 2006. 01:00 AM An enthusiastic market already appears to be valuing Tim Hortons Inc.'s stock at $27 (U.S.), an analyst said as the coffee chain prepares to begin trading on stock markets Friday. Larry Miller, a New York-based analyst with Prudential Equity Group, estimates Tim Hortons shares may be worth $21 to $23 each, or 11 to 12 times earnings before interest, taxes, depreciation and amortization. But, he says, the market is already valuing Tim Hortons at 14 times EBITDA, or $27 per share. Given the Oakville, Ont.-based coffee chain's "cult-like brand status in Canada," and its strong earnings, Miller expects a healthy appetite from both institutional and retail investors for Tim Hortons' shares. "There are few high-quality consumer names for Canadian institutions to own," he said. "It's also possible Tim Hortons could be included in one or more Canadian indices." Tim Hortons said Monday its shares will likely be priced at $22 to $24, or $25 to $27 (Canadian), up $4 from the range in its Canadian preliminary prospectus and U.S. prospectus. Tim Hortons, owned by Ohio-based Wendy's International Inc., has also granted underwriters the option to buy 4.35 million units more of its stock at the offering price "less the underwriting discount to cover over-allotments, if any," it said. The amended offering of about 33 million shares could raise about $890 million (Canadian). Wendy's announced earlier this month it would spin off its remaining shares, about 85 per cent of Hortons, by year-end. Tim Hortons plans to list its common shares on the New York Stock Exchange and the Toronto Stock Exchange, under the symbol THI. Founded by its namesake Toronto Maple Leafs defenceman Tim Horton and Ron Joyce, a former Hamilton police officer and franchisee of the first Tim Hortons store, the coffee and doughnut chain was bought by Wendy's in 1995 in a deal worth $580 million. At the time, the private company had 1,000 outlets across Canada and reported sales in 1994 of $600 million. In 2005, Tim Hortons earned a profit of $191.1 million on sales of $1.48 billion. Wendy's revenue for 2005 rose 4 per cent to $3.78 billion (U.S.). But sales at stores open at least one year, a key measure of retail performance, fell 3.7 per cent. Canadian Press |
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Mar 23rd, 2006, 23:41
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只看该作者 #26 |
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Senior Member
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Tim Hortons Announces Pricing for Its Initial Public Offering Mar 23, 2006 6:44:00 PM Copyright Business Wire 2006 OAKVILLE, Ontario--(BUSINESS WIRE)--March 23, 2006-- Tim Hortons Inc. announced the pricing of its initial public offering of 29 million shares of common stock, at a price of C$27.00 (U.S.$23.162). Trading is expected to begin on the New York Stock Exchange and the Toronto Stock Exchange on Friday, March 24, 2006. The underwriters, in consultation with Management, have targeted approximately 60% of the share allocation to Canadian investors. The Toronto Stock Exchange has conditionally approved the listing of the Company's common stock under the symbol "THI." The New York Stock Exchange has approved the listing of the Company's common stock under the symbol "THI." Following the offering, Tim Hortons will remain 82% to 85% owned by Wendy's International, Inc. The Company has granted the underwriters the option to purchase up to an additional 4.35 million shares of common stock from Tim Hortons at the initial public offering price less the underwriting discount to cover over-allotments, if any. "This offering represents an incredible milestone and accomplishment in our 41-year history," said President and Chief Executive Officer Paul House. "I would like to extend my personal thanks to our store owners and their dedicated employees, our entire staff and the many business partners and friends of Tim Hortons for making our Company what it is today." "This is the first step in Wendy's plan to unlock the stand-alone value of Tim Hortons, which is a strategic initiative that we announced in July," said Wendy's International, Inc. Chairman and Chief Executive Officer Jack Schuessler. "The initial public offering will allow the market to establish a trading value for Tim Hortons." Wendy's has said it intends to spin off the remaining portion of Tim Hortons as soon as practical, which is expected to occur by December 31, 2006. Goldman, Sachs & Co. and RBC Capital Markets are the joint book runners for the offering. The co-leads are JPMorgan and Scotia Capital. The other co-managing underwriters in the syndicate are Bear, Stearns & Co. Inc., CIBC World Markets, Cowen & Company, Harris Nesbitt, Lazard Capital Markets, Merrill Lynch & Co. and TD Securities. Tim Hortons IPO statement A final supplemented prospectus containing pricing information will be filed with the applicable Canadian regulatory authorities and will be available at www.sedar.com. U.S. residents may obtain a copy of the final prospectus of Tim Hortons Inc. by contacting Goldman, Sachs & Co. at (212) 902-1171 or RBC Capital Markets at (212) 428-6532. Source: Tim Hortons Inc. ---------------------------------------------- Wendy's International Inc. John Barker 614-764-3044 email: john_barker@wendys.com OR David Poplar 614-764-3547 email: david_poplar@wendys.com |
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Mar 24th, 2006, 09:26
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只看该作者 #28 |
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Senior Member
 
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thi will open >55. my egei will go 2.5. I set sell >2- -- Change Cancel AJ*4621 Sell 3000 EGEI $2.4 24-Mar 24-Mar Open 0 Change Cancel UF*4229 Sell 2000 EGEI $2.3 24-Mar 24-Mar Open 0 Change Cancel AB*4509 Sell 2000 EGEI $2.48 24-Mar 24-Mar Open 0 Change Cancel GC*4526 Sell 2000 EGEI $2.68 24-Mar 24-Mar Open 0 |
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Mar 24th, 2006, 09:31
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只看该作者 #29 | |
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Senior Member
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是不是就象股票一样把这几个CALL转身 Sell 就可以了？
