(07-01-2012, 07:54 AM)Musicwhiz Wrote: [ -> ]In the latest issue of The Edge Singapore, there is a good article written on Kingsmen Creatives. In it, Ben Soh and Simon Ong talk about:-
1) Plans for Kingsmen in terms of expanding their business
2) Prospects for the business and opportunities in the region
3) Possible corporate actions such as JVs with US and European counterparts to strengthen Kingsmen's position and increase business
4) Slow but sustainable growth. Doubling of top line in 5 years is a "reasonable" target.
5) Succession Planning - Kingsmen is gearing up and grooming a second "echelon" of managers to take over.
6) Benedict Soh has received lock, stock and barrel offers for Kingsmen but is "not selling" at the moment. Both founders have not sold a single vendor share since IPO.
To read more on this, buy the latest issue at bookshops and newstands. $3.80 per issue.
Just got it and can't wait to read it!
Dead town here
And in the market as well with its stock price.
Are they big in the Singapore Air Show?
Taking a look at Pico Far East's latest results ended Oct 31, 2011 (see attached), their net profit attributable to shareholders seems to have grown significantly. Also note that cash and bank balances have hit HK$1 billion+ (a three-year high) as the Company plans to grow their business further in China.
A final dividend of HK$0.04 and a special dividend of HK$0.04 (total = HK$0.08) have been declared. Together with the interim dividend of HK$0.04, this represents a full-year payment of HK$0.12. Based on last done price today of HK$1.69, this represents a yield of 7.1%. A recent DBS Vickers Hong Kong report has a TP of HK$2.32 for Pico, based on 10x PER for FY 2012.
Will Kingsmen be able to pull off a good set of results for FY 2011 as well? Knowing that the Company has been making inroads into China as well, and building up their thematic/scenic segment; as well as beefing up their Interiors division (boosted by Fixtures Export), shareholders can reasonably expect a similar final dividend as last year of 2 cents/share. It would be good to get an update on the Group's plans for the future and how they intend to grow all four of their divisions. [Note: FY 2010's results were released on Feb 22, 2011].
Based on its recent track record, Kingsmen doing well in its operating business year-over-year, while not a certainty, is never a problem! The Final dividends last FY10 totalled $0.025/share. Being optimistic, a repeat of that in FY11, to me, is more like a certainty!
Don't know how many here have visited Kingsmen's site lately. It has been revamped and looks more professional and has nicer design than the previous time.
(12-02-2012, 09:48 PM)FFNow Wrote: [ -> ]Don't know how many here have visited Kingsmen's site lately. It has been revamped and looks more professional and has nicer design than the previous time.
Thanks for the tip! Checking it out now.
Interesting! A Dutch institutional fund - Delta Lloyd Azie Deelnemingen Fonds N.V. - has decided to show hand by raising its interest in Kingsmen above the disclosable mark of 5% on 31Jan12.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument
Quite obviously, this fund has been accumulating Kingsmen shares quietly and patiently for a long time before it could achieve its latest position of 9,550,000 shares.
More info on this fund....
http://www.bloomberg.com/quote/DLADF:NA
finally see some institutional interest in Kingsmen.