(19-03-2016, 10:52 PM)Musicwhiz Wrote: [ -> ]Thanks for the analysis - appreciate it. Still holding on to this after nearly 4.5 years and happy with the dividends so far.
Let's see how VICOM performs in 2016 - even if it won't be good, at least they have $100m on the Balance Sheet to tide them over.
Very similarly to what it did slightly more than 10years ago - buying SETSCO from Keppel Group and on hindsight (providing the stage for the next growth phase and never looking back). I believe this Mgt will repeat this successful formula in time to come, ie. buying a successful business (where they see a potential for them to add value to) which is itself a small (non core) portion of a larger group.
Blessed with a core cashflow protected heavily by regulations, Mgt has been patient to balance between rewarding shareholders VS loading up the elephant gun. With earnings topping out, personally my next critical indicator is to observe how this cash is being used - Are they going to fulfil this promise they made a couple of years back, now that hunting season looks to be coming really soon - It's never been more exciting as a VICOM shareholder now!
(vested)
A welcomed tailwind? These owners could be affected by the TDSR ruling that came in a couple of years ago. In addition, many of these current 10year old car owners got dirty cheap COEs 10years ago, compared to current stubborn levels.
http://www.straitstimes.com/singapore/tr...st-quarter
6,132 cars get COEs extended in 1st quarter
More than 6,100 motorists extended the lifespan of their cars in the first quarter of this year - nearly six times the number in the corresponding period last year.
That translates to one in five cars which had reached the end of their 10-year tenure during the period.
Are rental cars including those under Uber and Grab subjected to the 6-monthly check, like Taxi?
nope, they are private cars, so no need..
I wonder if LTA would put in regulation for such mandatory check in future since they offer similar services as taxi. If so, then it would be good news for VICOM.
(23-06-2016, 10:50 AM)JanQuin Wrote: [ -> ]Are rental cars including those under Uber and Grab subjected to the 6-monthly check, like Taxi?
hi JanQuin,
Actually the answer to your question can be derived from VICOM's page. Uber/Grab are under 'private hire car' criteria in the inspection price and schedule list:
http://www.vicom.com.sg/inspectionprice.htm
Hi weijian,
thanks for the link.