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SAB is looking rather undervalued (from a technical analysis standpoint) at the moment - perhaps hold onto it?

Fundamental says SAB is undervalued. I wish that would be the case, but ..

SABMiller

Being a defensive stock as well as a Rand hedge, I topped up my holdings in August 2013 @ 468.
Whether this was silly or not remains to be seen, but most are recommending shorting in the short term.
As a long term investor, I will continue holding, just peeved that the drop in London over the past couple
of weeks outpaced the much weaker Rand, thus more than negating the Rand hedge aspect.
Up a little on LSE today, probably because I had a Grolsch yesterday. 

MILLERCOORS DELIVERS 5.5% UNDERLYING NET INCOME GROWTH FOR 2013 Results Driven By 30 Percent Profit Growth in Fourth Quarter
                     
That doesn't look so bad. With the ₤ strength on the crosses both BTI and SAB are sort of coming out of the doldrums.
Nothing special, just thought I would add to the thread.

 

I have heard this before .. but justin hold those SAB. 

AB InBev Need for SABMiller Mega-Deal Grows

Slowing growth at Anheuser-Busch InBev NV (ABI) and a dearth of big takeover targets may finally drive the world’s biggest brewer to swallow its $79 billion rival, SABMiller Plc.

After AB InBev boosted revenue more than fivefold in the last 10 years with the help of $91 billion of acquisitions, growth for the maker of Budweiser and Stella Artois is forecast to slow over the next decade, according to analysts’ estimates compiled by Bloomberg. Tapping into SABMiller’s presence in faster-expanding regions such as Africa would allow AB InBev to get that growth flowing again, shareholders Alpine Woods Capital Investors LLC and Henderson Global Investors said.

SABMiller Chief Executive Officer Alan Clark told Bloomberg News in January that the case could be made for a tie-up, even though it would likely require divesting some U.S. operations to appease regulators. Sanford C. Bernstein & Co., which dubbed an AB InBev-SABMiller combination “MegaBrew,” estimates it would have almost half the global beer profit pool. The deal would increase earnings at AB InBev immediately if it paid a 30 percent premium for SABMiller in cash, data compiled by Bloomberg show. Cost cuts could drive profit even higher.

 Signage is seen through the window of the Anheuser-Busch InBev NV Fairfield brewery in... Read More

“It’s such an obvious next -- and indeed last -- big move by the very acquisitive AB InBev,” said Matthew Beesley, head of global equities at London-based Henderson Global Investors, which oversees $125 billion, including shares of AB InBev. “There’s also clearly some strategic rationale to the deal, neatly filling all the geographic holes AB InBev talks of wanting to fill.”

Hmmm... That's more like it !

SABMiller (SAB) added 3.8 percent to 2,942 pence. Sanford C. Bernstein raised its rating on the world’s second-biggest brewer to outperform, the equivalent of buy, from market perform. The brokerage said growth may improve significantly as the effects of emerging-market currency moves may be waning.

(Bloomberg today)

Check the price.

 
The Board of SABMiller notes the recent press speculation and confirms that Anheuser-Busch InBev SA/NV ("ABInBev") has informed SABMiller that it intends to make a proposal to acquire SABMiller. No proposal has yet been received and the Board of SABMiller has no further details about the terms of any such proposal.

The Board of SABMiller will review and respond as appropriate to any proposal which might be made.

There can be no certainty that an offer will be made or as to the terms on which any offer might be made.

In the interim, shareholders are strongly advised to retain their shares and to take no action.

Accordingly, in accordance with Rule 2.6(a) of the Code, SABMiller announces that, by not later than 5.00 pm on 14 October 2015, ABInBev must either announce a firm intention to make an offer for SABMiller under Rule 2.7 of the Code or announce that it does not intend to make an offer for SABMiller, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.