i do see alot of synergy between SPH problems and the local telco problems. In
this article, i written my explanation why local telco probably will evolve to media companies in the next 10 years.
similarily, SPH have alot of media content or expertise in this area. a merger with M1 or Starhub brings alot of synergy.
i find it a bit strange that on one hand, banks are not allowed/limited to go into property exposure/business, on the other hand, we have monopoly SPH whose core business/service are in media/newspaper can be allowed to enter property development business for diversification.
look at who's who on their board... it's basically a "STAT board!" and garhment's official mouthpiece.. lolz!
It can basically do what it wants...
(17-10-2010, 09:26 PM)brattzz Wrote: [ -> ]look at who's who on their board... it's basically a "STAT board!" and garhment's official mouthpiece.. lolz!
It can basically do what it wants...
Sadly, it couldn't even win the bid for valuable site to replace sky 11.
(17-10-2010, 01:21 PM)Drizzt Wrote: [ -> ]i do see alot of synergy between SPH problems and the local telco problems. In this article, i written my explanation why local telco probably will evolve to media companies in the next 10 years.
similarily, SPH have alot of media content or expertise in this area. a merger with M1 or Starhub brings alot of synergy.
And I believe SPH has shares in both M1 and Starhub.
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Sadly, it couldn't even win the bid for valuable site to replace sky 11.
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Fair, think they have been careful about what they are bidding in properties..
SPH price has dropped quite a fair bit since it went XD. In fact, the drop in price is more than the 20c final dividends
Have you people notice that there are more ads in the papers these days. Some of the common ads are from: the three telco, Courts, Harvey Norman, Best Denki, Cars retailers, Property developers, Supermarket operators etc... These companies are taking up pages and pages of full page advertisement. Even without contribution from property, I suspect SPH will announce a good Q1 performance. At current price ($3.95), dividends yield is very likely to be more than 5%.
(16-12-2010, 04:08 PM)Ben Wrote: [ -> ]Even without contribution from property, I suspect SPH will announce a good Q1 performance. At current price ($3.95), dividends yield is very likely to be more than 5%.
Most probably not, the gap from Property contribution to bottom line is a bit too wide to be filled up by Media unit alone.
Cost probably will go up due to the higher pay and additional bonus.
Another cost will probably comes from the promotion for Straittimes subscription which occurred in the front but result will be most probably be recognized along the subscription month or year.
just my view.
if u guys are sph share holders might want to count the number of colored and non colored ads in the newspaper everyday and chart them. that is what CLSA did when i was there to see the no of ads sold.
SPH is moving towards properties development and thus, previous ways of valuing a defensive company needs to be changed to a cyclical company in a certain extent.