CX - CEMEX, S.A.B. de C.V.

These Materials Suppliers Will Prosper if Trump Delivers $1 Trillion Infrastructure Injection
Here's one for fans of irony: Mexican cement provider Cemex (CX) is likely to be one of the biggest beneficiaries of Donald Trump's planned $1 trillion investment in U.S. infrastructure, according to analysis by French broker Exane BNP.
The San Pedro Garza Garcia-based group could add about 35% to its earnings per share by 2020 if the President-elect delivers on his plan to overhaul the U.S.'s creaking bridges, overstretched airports and potholed roads.
https://www.thestreet.com/story/139...ructure-injection.html?puc=yahoo&cm_ven=YAHOO

 

CEMEX Announces Take-over Bid for Trinidad Cement Limited at 33.1% Premium
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) today announced that one of its indirect subsidiaries, Sierra Trading (“Sierra”), will present an offer and take-over bid (the “Offer”) to all shareholders of Trinidad Cement Limited (“TCL”), a company publicly listed in Trinidad and Tobago, Jamaica and Barbados, to acquire up to 132,616,942 ordinary shares in TCL for TT$4.50 in cash per TCL share, which together with Sierra’s existing share ownership in TCL of approximately 39.5%, would, if successful, result in Sierra holding up to 74.9% of the equity share capital in TCL. Full acceptance of the Offer would result in a cash payment by Sierra of approximately TT$597 million (U.S.$89 million). The Offer price represents a premium of 33.1% over the December 1, 2016, closing price of TCL’s shares in the Trinidad and Tobago Stock Exchange.

Among other conditions, the Offer will be conditional on Sierra acquiring at least an amount of TCL shares that would allow CEMEX to consolidate TCL. Unless extended, the Offer period is expected to close on January 10, 2017.

If the Offer is successful, TCL will continue operating as usual. Additionally, TCL will be maintained as a publicly listed company on the Trinidad and Tobago Stock Exchange with the benefit of a strong local shareholding together with the enhanced benefit of proven management and operational expertise from CEMEX.

TCL’s main operations are in Trinidad and Tobago, Jamaica and Barbados. TCL is the majority shareholder of Caribbean Cement Company Limited (“CCCL”), a main cement producer in Jamaica.

As of September 30, 2016, TCL and its subsidiaries had EBITDA of approximately U.S.$77 million for the last twelve months, net debt of approximately U.S.$113 million, representing a net financial leverage of approximately 1.5x. If the Offer is successful, TCL would be consolidated by CEMEX.

“This Offer represents a clear sign of our commitment to TCL and the region. In addition, although we believe that our Offer is attractive given the premium to the current share price, as part of this commitment, it is also important to us that TCL remains a listed company, so that local investors can continue to benefit from the development of TCL in the future,” said Fernando A. Gonzalez, CEO of CEMEX. “We look forward to continuing our strong relationship with TCL.”

CEMEX is a global building materials company that provides high quality products and reliable service to customers and communities in more than 50 countries. Celebrating its 110th anniversary, CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future.

For more information on CEMEX, please visit www.cemex.com

For more information on TCL, please visit www.tcl.co.tt

For more information on CCCL, please visit www.caribcement.com

This Offer will be made pursuant to the Take-Over By-Laws of the Trinidad and Tobago Securities and Exchange Commission (“TT SEC”). Copies of the Offer documents will be delivered to the Board of Directors of TCL and will be filed in Trinidad and Tobago with TT SEC and the Trinidad and Tobago Stock Exchange (“TTSE”), in Jamaica with the Jamaica Stock Exchange (“JSE”) and the Jamaican Financial Services Commission (“JFSC”) and in Barbados with the Barbados Stock Exchange (“BSE”) and the Barbados Financial Services Commission (“BFSC”). The TT SEC, TTSE, JSE, JFSC, BFSC and BSE take no responsibility for the veracity or validity of the contents of the Offer documents and in accordance with established practice have neither approved nor disapproved the Offer.
http://finance.yahoo.com/news/cemex-announces-over-bid-trinidad-113000779.htm

 

Another big pop today and I have profits locked in

 

I stopped out of my full position Friday with a nice profit. I hope to get back in it should there be a decent pull back.

 

No special reason other than it was above the upper BB and I wanted to lock in profits. I did consider only selling half, If Trump builds that wall on the Mexican border, CX could surge on that,

I do hope to get back in it at some point in time

 

As the Peso drops does CX. I will have my eye on it for a re-entry should the price get at or near the lower BB

 

I am waiting for a drop closer to the lower BB May need a a couple market meltdowns to get there. No rush on my part.

 

To add to my post if CX breaks below the 7.74 support it will get my attention

 

3 cents shy of support today

 

Well this has in progress as Trump is moving forward on the Wall. I missed the last re-entry by a few cents. Sometimes it is better to bite the bullet when your confident a stock is going up. Nice pop yesterday and pull back today but looks very bullish

 

CX pulled back today probably on the Trump/Mexico meeting being canceled in regards to the Wall in addition of the Dollar being strong today. If the Wall can stay in limbo for awhile we might get a good entry on CX. Even if the wall is never built it is still a good company.