I have lived in The Netherlands for several years - I know their full name is a mouthfull ........... but as I recall it, Delta Lloyd (in its abbreviated form!) are serious, careful - some would say "dour" - investors, managing pensions etc. for both individuals and companies. They are not buy-today-sell-tomorrow types, rather they maintain long term material positions. If you review the website that dydx shared in his earlier posting, the particular fund that invested in Kingsmen QUOTE ....... invests in undervalued dividend-paying small - and mid-cap companies in Asia and the Pacific. A distinguishing feature of the approach is that the managers aim to build up equity stakes of at least 5% in each company held. UNQUOTE. Kingsmen seems to fit that particular bill perfectly!
Delta Lloyd must have held their Kingsmen holding via a nominee account - I very much doubt they have built up this holding in the last 11 months - when the (to my knowledge) most recent Top 20 shareholders list was advised in Kingsmen's 2010 Annual Report.
This evening's disclosure can only be positive news for Kingsmen's existing shareholders.
Vested,
RBM
(13-02-2012, 07:46 PM)RBM Wrote: [ -> ]I have lived in The Netherlands for several years - I know their full name is a mouthfull ........... but as I recall it, Delta Lloyd (in its abbreviated form!) are serious, careful - some would say "dour" - investors, managing pensions etc. for both individuals and companies. They are not buy-today-sell-tomorrow types, rather they maintain long term material positions. If you review the website that dydx shared in his earlier posting, the particular fund that invested in Kingsmen QUOTE ....... invests in undervalued dividend-paying small - and mid-cap companies in Asia and the Pacific. A distinguishing feature of the approach is that the managers aim to build up equity stakes of at least 5% in each company held. UNQUOTE. Kingsmen seems to fit that particular bill perfectly!
Delta Lloyd must have held their Kingsmen holding via a nominee account - I very much doubt they have built up this holding in the last 11 months - when the (to my knowledge) most recent Top 20 shareholders list was advised in Kingsmen's 2010 Annual Report.
This evening's disclosure can only be positive news for Kingsmen's existing shareholders.
Vested,
RBM
Awesome news for shareholders!
Even though I am a shareholder of Kingsmen, I would like to offer a different view.
I don't really see how this news is "positive" for Kingsmen. While it may validate the fact that Kingsmen is a good company for accumulation, I guess this thread alone should have established that fact some time back. And in terms of wanting to accumulate more as a result of this knowledge, the fact that this Fund has "shown hand" also probably would make it more difficult to accumulate at attractive prices.
Hence, I would treat this disclosure as - at best, neutral; and at worst, bad news for long-term shareholders!
(13-02-2012, 11:29 PM)Musicwhiz Wrote: [ -> ]Hence, I would treat this disclosure as - at best, neutral; and at worst, bad news for long-term shareholders!
Maybe also bad news for investor who wanted to acquire the shares at a cheaper price....
With respect MW ............ I chose the closing words in my posting carefully ..........."This evening's disclosure can only be positive news for Kingsmen's
existing shareholders".
I can see that for those wishing to accumulate more Kingsmen shares they may (repeat: may) now have to contemplate paying a higher share price.
I believe it is a good thing that a credible institutional (and foreign) investor has decided to put his money into Kingsmen. I wish this kind of thing would happen more often with quality Singapore Small and Mid caps. In my view, such institutions often seem solely focused on STI constituents. As modest "value investors", we should applaud and welcome Delta Lloyds' accumulation of Kingsmen shares. Any way, lets see how Mr. Market views this going forward.
Just my humble two cents worth.
Vested - an "existing shareholder",
RBM
(13-02-2012, 11:29 PM)Musicwhiz Wrote: [ -> ]Even though I am a shareholder of Kingsmen, I would like to offer a different view.
I don't really see how this news is "positive" for Kingsmen. While it may validate the fact that Kingsmen is a good company for accumulation, I guess this thread alone should have established that fact some time back. And in terms of wanting to accumulate more as a result of this knowledge, the fact that this Fund has "shown hand" also probably would make it more difficult to accumulate at attractive prices.
Hence, I would treat this disclosure as - at best, neutral; and at worst, bad news for long-term shareholders!
I glad that institutional fund has vested in. This shows on the good quality of the co. For long term investors, it's GREATX!
Very enlightening exchange between MW and RBM!
It shows in clarity the differences between:
1) Those who get vested BEFORE the buy calls of analysts or institutional funds (I am responsible)
2) And those who buy AFTER the buys calls of analysts and institutional funds (Tell me quick what to buy?)
A little bit of tail-wind support is always welcomed. Better this than riding against head-wind!
Not vested and not a cyclist; I'm a TV sportsman! (when not cheerleading Maria Sharapova)
There is a reason why we call it a stock MARKET. Many participants in the market, buyers, sellers, etc each with different reasons and motivation to get his own bargain
From an existing shareholder perspective, it was good to see Kingsmen's share price close a further 2.5% higher at S$ 0.60 today. And this in not-too-shabby volumes - today's 83,000 shares is about 40% higher than the recent daily average. I still believe this P/E ~ 7, Dividend Yield ~ 6% Company is a darn good buy. Excellent management, solid track record including for dividend payouts .......... with more upside in the offing. The indications are for 2011 to be reported as a record year for Kingsmen's profits and cash generation - I hope this will be reflected in an even higher dividend level.
And Kingsmen's recently announced Dutch chums, who appear to have been steadily accumulating their 5% stake over recent years - dare I say acting as a "value investor" - do not appear to have incurred Mr. Market's displeasure in the last couple of days. I am pleased they are on board ............ so I nibbled at a bit more yesterday.
Vested,
RBM
Ah that's the problem with Mr. Market becoming more optimistic, RBM. It's much harder to collect at bargain prices!
That said, I did a quick check - the last time Kingsmen hit the 60c level was way back on 11 Nov 2010, about 15 months ago! But note that in the meantime, dividends worth 4c/share have been paid (2c final, 0.5c special for FY 2010; and 1.5c interim for FY 2011). So technically if we compare the price level now and back then Kingsmen should be trading at 64c today, haha.
Kingsmen is expected to report their FY 2011 results late next week (by week of Feb 24, 2012). Let's wait and see if there is a similar final dividend of 2c/share. Since this is not Kingsmen's 35th anniversary anymore, I would not expect any special dividend.
