(07-05-2012, 11:20 AM)CityFarmer Wrote: [ -> ]Correct me if i am wrong, The story Kopikat is telling is "go under" with lower selling price (wrt last closing price) to jump Q. If you are lucky (when no buying at lower price), then you can complete the selling with last closing price. In other words, it is "effectively go in between" although you did it with "go under"
OK thot u had referred to regular trading. If it's pre-open or pre-close, yes "go under" so as to "go in between".
Better stop here or we'll confuse value investors.
(15-05-2012, 08:02 PM)swakoo Wrote: [ -> ]Confirmed SPH did not take out it's big checkbook and bid for this mall.
http://info.sgx.com/webcoranncatth.nsf/V...F0034C9AB/$file/SMLNoticetobondholders.pdf?openelement
Note winning bid:
cap rate 5.6%
valuation $1925 psf NLA
Guess who's
Gemshine? Time will tell if I'm going to be right that it'll likely end up with FCT having ROFR!
Now, I wonder what Warren Buffett sees in the dying newspaper biz?
Berkshire Buys Media General Newspapers for $142 Million
Extracts of their analysts' comments that ought to resonate with many of the nay-sayers here of SPH biz,
“I have a hard time seeing the long-term value of print media,” Meyer Shields, an analyst at Stifel Nicolaus & Co. who covers Berkshire, wrote in an e-mail.“There may be one ‘puff’ left, but to me, newspapers are the antithesis” of companies with a competitive advantage.
My guess is he's more interested in the FCF. After all, he'd first hand experience managing a 'dying Cash Cow' in Berkshire's original core biz, utilising the FCF to invest into other non-related biz (eg. Insurance),... etc.
(22-05-2012, 09:53 PM)KopiKat Wrote: [ -> ]Now, I wonder what Warren Buffett sees in the dying newspaper biz?
The same reason that you use to buy Popular.
(22-05-2012, 10:12 PM)yeokiwi Wrote: [ -> ] (22-05-2012, 09:53 PM)KopiKat Wrote: [ -> ]Now, I wonder what Warren Buffett sees in the dying newspaper biz?
The same reason that you use to buy Popular.
In case you are not aware, I'm also a die-hard fan of SPH!
The question was meant for the non-die-hard fans of SPH to answer.
BTW, my reasons and intentions for buying SPH & Popular Hldgs shares are very different. For one, I have no plan to try out my cd/xd 'routine' for Popular Hldgs. Let's see what happens next 1st.
Admittedly, there're lots of similarity as both are in a 'dying' biz and both had diversified into a non-related Property biz.
(22-05-2012, 09:53 PM)KopiKat Wrote: [ -> ]Now, I wonder what Warren Buffett sees in the dying newspaper biz?
Berkshire Buys Media General Newspapers for $142 Million
Extracts of their analysts' comments that ought to resonate with many of the nay-sayers here of SPH biz,
“I have a hard time seeing the long-term value of print media,” Meyer Shields, an analyst at Stifel Nicolaus & Co. who covers Berkshire, wrote in an e-mail.“There may be one ‘puff’ left, but to me, newspapers are the antithesis” of companies with a competitive advantage.
My guess is he's more interested in the FCF. After all, he'd first hand experience managing a 'dying Cash Cow' in Berkshire's original core biz, utilising the FCF to invest into other non-related biz (eg. Insurance),... etc.
WB is definitely after the FCF just like SPH generating lots of it and diverting it to developing malls. i disagree with the statement that newspaper is a 1-puff left biz. people forget that the internet is just a medium of transmitting the news/contents but you still need a whole army and machinery to generate the contents.Here in singapore sph has a monopoly of it whether it comes through the internet or in print.
vested for the FCF and translating into yield play
(22-05-2012, 10:37 PM)Jacmar Wrote: [ -> ] (22-05-2012, 09:53 PM)KopiKat Wrote: [ -> ]Now, I wonder what Warren Buffett sees in the dying newspaper biz?
Berkshire Buys Media General Newspapers for $142 Million
Extracts of their analysts' comments that ought to resonate with many of the nay-sayers here of SPH biz,
“I have a hard time seeing the long-term value of print media,” Meyer Shields, an analyst at Stifel Nicolaus & Co. who covers Berkshire, wrote in an e-mail.“There may be one ‘puff’ left, but to me, newspapers are the antithesis” of companies with a competitive advantage.
My guess is he's more interested in the FCF. After all, he'd first hand experience managing a 'dying Cash Cow' in Berkshire's original core biz, utilising the FCF to invest into other non-related biz (eg. Insurance),... etc.
WB is definitely after the FCF just like SPH generating lots of it and diverting it to developing malls. i disagree with the statement that newspaper is a 1-puff left biz. people forget that the internet is just a medium of transmitting the news/contents but you still need a whole army and machinery to generate the contents.Here in singapore sph has a monopoly of it whether it comes through the internet or in print.
vested for the FCF and translating into yield play
I have exactly the same view. SPH is the monopoly on the media content in Singapore. As long as it is still monopoly in the content, it has a major role in the media biz.
Having said that, SPH has to maintain a significant present on both distribution medium i.e. digital and paper, to ensure advertising revenue. At the moment, SPH had maintained a good present on both, although it is still the paper medium remain resilient.
Last year, SPH engaged in an aggressive campaign to acquire new subscribers, by giving attractive sure to win gifts. I was one of those greedy subscribers
Last night I received a letter from SPH notifing me my subscription is going to due soon and also to renew for another year. As a die hard fan of SPH, I was planning to go ahead to renew it when my wife stop me. She says no gift no renewal
Let's revert back to buying our copy on a daily basis until SPH offers something ...Ummm...I wonder how many others subscribers have the same thinking...
No matter what, I am holding on to my few lots of SPH