Random Thoughts: Howard Marks, BGC, ICHI

BGC – Singha following the CP playbook.

So there is another capital increase occurring in the markets. This time its a consolidation play by Singha’s bottling firm, BGC.  

My first thought seeing this headline was…

“This is the perfect example of public companies that have access to capital buying up their competitors and taking over their market share, thereby strengthening the plc at the expense of the non-listed/sme players. at the end of this crisis period you’re going to see larger conglomerates dominating the landscape across multiple industries. A negative? Yes/no, for the Yes the answer is obvious, the no because then we’ll see another wave of entrepreneurship kick off again ,and hopefully seeing these conglomerates having to sell of their business units at discounts. then again this story line would definitely occur in the US…