(16-02-2012, 10:03 PM)Musicwhiz Wrote: [ -> ]Kingsmen has just made a surprise announcement of the clinching of an S$18 million contract for a turnkey project for a new attraction at Universal Studios Singapore. This contract will last through 2012 and will contribute positively to earnings this year. [See Attached]
So USS is not merely a "one-hit wonder". Constant revamps are required to keep the attractions updated and "fresh", and Kingsmen may be called upon ever so often to spruce up these rides. Don't forget that their business development team is also actively exploring the scenic/thematic space to try to clinch more theme park contracts arond S.E.A. The upcoming report on Feb 27 (Monday) by the Company should shed more light on this area.
Haha MW. We posted on this at the same time.
Yes ............. you posted at exactly the same time FFNow and MW......... 10.03 pm,
Today - Friday 17th February - was another decent trading day for Kingsmen shares on the SGX. Share price closed at S$ 0.615, up one and a half cents in an eminently respectable volume of 272,000 shares. The share price closed at its highest and never fell below S$ 0.60. I nibbled some more - I liked the smell of yesterdays USS "repeat business" news (valuestalker's smart observation is important in my view).
Vested,
RBM
(17-02-2012, 05:10 PM)RBM Wrote: [ -> ]Today - Friday 17th February - was another decent trading day for Kingsmen shares on the SGX. Share price closed at S$ 0.615, up one and a half cents in an eminently respectable volume of 272,000 shares. The share price closed at its highest and never fell below S$ 0.60. I nibbled some more - I liked the smell of yesterdays USS "repeat business" news (valuestalker's smart observation is important in my view).
Vested,
RBM
Hi RBM,
Looking back once again at my historical records, I was first vested in Kingsmen on January 22, 2010, almost 25 months ago. Since then, the share price has hovered between a range of 50 cents and 64 cents, with the highest close being
64 cents on October 11, 2010. Note that this level was before the declaration of the final cum special for FY 2010 of 2 cents and 0.5 cents respectively; and the interim dividend for FY 2011 of 1.5 cents (totalling 4 cents/share).
Therefore, if you factor this into the current share price, Kingsmen would have closed at 61.5c + 4 cents = 65.5 cents which is a new 25-month high.
Interestingly, volume seems to have picked up after the announcement that a value fund had accumulated a 5% position in Kingsmen.
At 61.5 cents, and assuming an unchanged full-year dividend of 3.5c/share, the yield is still a very respectable 5.7%.
Thanks MW,
You are a mine of information on Kingsmen Creatives.
I understand from my Banker chum that the announcement of Delta Lloyd's 5% equity interest has raised the antannae of other institutional type investors, some European ones in particular.
At this years AGM apart from the financials, I hope that management outlines a) where the future growth will come from (with some granularity around business line and geography) and b) their thoughts on talent pipeline/succession planning for Senior Management - it would take some guts to do the latter. We will see.
Vested,
RBM
(17-02-2012, 10:23 PM)RBM Wrote: [ -> ]Thanks MW,
You are a mine of information on Kingsmen Creatives.
I understand from my Banker chum that the announcement of Delta Lloyd's 5% equity interest has raised the antannae of other institutional type investors, some European ones in particular.
At this years AGM apart from the financials, I hope that management outlines a) where the future growth will come from (with some granularity around business line and geography) and b) their thoughts on talent pipeline/succession planning for Senior Management - it would take some guts to do the latter. We will see.
Vested,
RBM
The founders revealed about succession planning in a recent The Edge article. Summary can be found at
http://financiallyfreenow.wordpress.com/...e-article/
Yesterday, I visited the new Abercrombie & Fitch flagship store (fitted out by Kingsmen) at the Knightsbridge along Orchard Road.....
http://anfnewsnow.blogspot.com/2011/12/m...ch-in.html
and was impressed by the unique shopping environment in the store. Another feather on Kingsmen's cap! The fit-out contract should be worth over $5.0m, I think.
I encourage fellow forumers to visit the A&F store to have an idea about the current high-end retail scene. Also, while you are there, you might as well also visit The Hour Glass' superluxe Malmaison store (also fitted out by Kingsmen) in the same building.....
http://sg.lifestyleasia.com/en/features/...ison-8330/
Adding on to what dydx has mentioned about A&F, I also have some interesting news to report.
I was just walking around in Parkway Parade today when I decided to check out the store which was supposed to take over the recently-vacated Borders bookshop. And guess what? It's
UNIQLO which will be taking over the space. On closer inspection I went up to check who the contractor was and it said
"Kingsmen Projects Pte Ltd"!
So it would seem that the departure of Borders was beneficial to the business of Kingsmen, as it allowed them to clinch the fit-out contract for Uniqlo which will soon open in Parkway Parade.
This is the 6th Uniqlo store in Singapore, I think. There should be another 4 more, as Uniqlo said before the company plans to have at least 10 stores in Singapore eventually.
The retail scene is really dynamic and interesting! Think of it this way - so long as Kingsmen is able to hold on to the better retailers (e.g. FJ Benjamin, Uniqlo, The Hour Glass, Tiffany, etc., etc.) as long-term customers and secure new ones over time, through providing them with good design and fit-out services, it doesn't really matter who wins or loses among the retailers, and Kinsgmen's business volume from high-end and fashion retailers should continue to grow as Singapore and other gateway cities in Asia prosper and, in the course of it, the regional retail industry expands and gets upgraded.
(19-02-2012, 02:43 PM)Musicwhiz Wrote: [ -> ]Adding on to what dydx has mentioned about A&F, I also have some interesting news to report.
I was just walking around in Parkway Parade today when I decided to check out the store which was supposed to take over the recently-vacated Borders bookshop. And guess what? It's UNIQLO which will be taking over the space. On closer inspection I went up to check who the contractor was and it said "Kingsmen Projects Pte Ltd"!
So it would seem that the departure of Borders was beneficial to the business of Kingsmen, as it allowed them to clinch the fit-out contract for Uniqlo which will soon open in Parkway Parade.
Where's the "Like" button???
Check out today's Straits Times "Saturday" section special report called "Retail Wonderland". It features Singapore as becoming a world-class destination for retail shops and how tourists are increasingly spending more on high-end brands at malls here. It also lists many malls and ranks them accordingly, and also mentions the high-end brands setting up shop here.
The most interesting section is the one which talks about upcoming new mall refurbishments at (for example) Suntec City, Wisma Atria, Plaza Singapura; and new malls 268 Orchard Road nad Orchard Gateway. Many more luxury brands are going to set up shop here in the coming years and will provide Kingsmen with many opportunities to grow their Interior Fit-Out segment. These shops are reported to require large spaces for retail branding and thus the contracts can be sizeable. Once a new client is clinched, there is also potential for Kingsmen to do roll-out Management for the client in other parts of South-East Asia as well (e.g. Hong Kong, China).