Actually to off track a bit,
I find the Singapore flyer area to hold great potential. Not just in terms of Zouk.
I think there is definitely mismanagement of retail space and events.
The shops there hardly appeal to u to stay a little longer after you finished your ride.
The F&B there hardly make use of the beautiful river view.
There are plenty of open spaces there will be scenic, but they never really hold any events.
Underutilization of space, the walk from the carpark to the flyer is ......
Not from the lens of a investor but a consumer
From the money point of view, if u can cut through the govt red tapes and allow sponsor to name and advertise on the flyer... That will be a inflow of advertisement money without worrying about visitors traffic.
( not vested )
Maybe an aquarium plus a wax and trick eye museum haha.
It could be due to the "fengshui" factor. Hopefully, all these factors have been taken into account. Certain locations could have a lot of "sha qi" and naturally put consumers off.
Let's see if Straco will create more cash or burn cash..
(28-08-2014, 07:36 AM)Greenrookie Wrote: [ -> ]Actually to off track a bit,
I find the Singapore flyer area to hold great potential. Not just in terms of Zouk.
I think there is definitely mismanagement of retail space and events.
The shops there hardly appeal to u to stay a little longer after you finished your ride.
The F&B there hardly make use of the beautiful river view.
There are plenty of open spaces there will be scenic, but they never really hold any events.
Underutilization of space, the walk from the carpark to the flyer is ......
Not from the lens of a investor but a consumer
From the money point of view, if u can cut through the govt red tapes and allow sponsor to name and advertise on the flyer... That will be a inflow of advertisement money without worrying about visitors traffic.
( not vested )
It's the land surrounding Flyer that has the potential.
If Straco can structure a joint deal with the Zouk and collect % of entrance fees, flyer can fly.
(27-08-2014, 07:25 PM)Curiousparty Wrote: [ -> ]what is so good about the Flyer that will cause every one on Earth to flock to see it?
(27-08-2014, 07:22 PM)value:search Wrote: [ -> ]As per published by Business Times Online today:
Straco set to announce Singapore Flyer acquisition
BYCAI HAOXIANG
haoxiang@sph.com.sg
Mainboard-listed tourism operator Straco Corporation could be getting ready to announce its acquisition of the Singapore Flyer, The Business Times understands. The company called for a trading halt of its shares at 5.31pm on Wednesday. The firm was among the frontrunners to buy the iconic Ferris wheel by the Esplanade. The company behind the S$240 million wheel was placed under receivership last May. Straco currently runs two aquariums and a mountain cable car service in China. Its shares have surged 157 per cent from a year ago. Straco last closed at 82 cents, near a historical high.
Whther the deal is positive/negative depends on the deal made between management and JV partners and STB. Hope this attraction does not fail the second time. lol
(28-08-2014, 10:27 AM)Contrarian Wrote: [ -> ]It's the land surrounding Flyer that has the potential.
If Straco can structure a joint deal with the Zouk and collect % of entrance fees, flyer can fly.
(27-08-2014, 07:25 PM)Curiousparty Wrote: [ -> ]what is so good about the Flyer that will cause every one on Earth to flock to see it?
(27-08-2014, 07:22 PM)value:search Wrote: [ -> ]As per published by Business Times Online today:
Straco set to announce Singapore Flyer acquisition
BYCAI HAOXIANG
haoxiang@sph.com.sg
Mainboard-listed tourism operator Straco Corporation could be getting ready to announce its acquisition of the Singapore Flyer, The Business Times understands. The company called for a trading halt of its shares at 5.31pm on Wednesday. The firm was among the frontrunners to buy the iconic Ferris wheel by the Esplanade. The company behind the S$240 million wheel was placed under receivership last May. Straco currently runs two aquariums and a mountain cable car service in China. Its shares have surged 157 per cent from a year ago. Straco last closed at 82 cents, near a historical high.
i felt that is too much of zouk's pie that they want to munch and that makes it more unrealistic
1) Straco has $100 million cash and a further $21 million deposited for tendering this project. So, in total, it has over $120 million cash to finance this M&A. We have no idea what the acquisition price is but I do expect a mixture of equity and debt to finance it.
2) This is a 90:10 JV judging by the tender deposit break down. Possible partners could be Zouk, China Poly Group (Straco SSH), Temasek, STB etc.
3) Mr Wu has a 56% stake in the Company and faithfully build up its cash hoard to over $120 million since listing a decade ago. In this period, it has only made 1 M&A - Xiamen Underwater World in 2007 - and today, its NPAT is equivalent to the acquisition price then. Management could have used the bulk of the cash to declare a special dividend entitling Mr Wu to over $50 million but he has chosen to invest in Singapore Flyer. So I suspect this could be a very good deal since a very savvy and conservative man is willing to agree to it haha. We have to wait and see for more details.
I remain vested.
So cash in PRC can take out or not?
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(28-08-2014, 02:02 PM)opmi Wrote: [ -> ]So cash in PRC can take out or not?
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What's so difficult about taking out cash from China ? Easiest thing to check is to see how much withholding tax the Group is paying.
Then osim got no problem taking out too?