Alright went back again to the same nex outlet to " recee" around 130pm , staff headcount was half ( perhaps around 3 ? ) of what i saw on a weekend ( perhaps staff had went for break , or it's a weekday or timing issue that doesn't required much man power as compared to weekend.) Observed that it was a good man power management and cost management if that was what Challenger implemented , i may need to "recee" few other outlets to make a conclusion.
It was their "stock take " day as stocks are lying around the outlet. Crowd wasn't much at the timing of the weekday .
(23-01-2014, 09:58 PM)blackvice Wrote: [ -> ]Alright went back again to the same nex outlet to " recee" around 130pm , staff headcount was half ( perhaps around 3 ? ) of what i saw on a weekend ( perhaps staff had went for break , or it's a weekday or timing issue that doesn't required much man power as compared to weekend.) Observed that it was a good man power management and cost management if that was what Challenger implemented , i may need to "recee" few other outlets to make a conclusion.
It was their "stock take " day as stocks are lying around the outlet. Crowd wasn't much at the timing of the weekday .
The company spend about 6 cents per dollars of revenue. The expense has been well-managed comparing with its closer peers, Courts and Harvey Norman. Courts spend close to 9 cents, while Harvey Norman spend close to 8 cents per dollars of their revenue.
Well, it might not be a fair comparison, due to furnitures/appliances sold in Courts/Harvey Norman, but at least the expense has been well-managed, if not done outstandingly
Ref: Challenger's AR FY2012, Courts's AR FY2013, and Pertam's AR FY2013
(vested)
New lease
Name of shopping mall at which
lease is located
Date of Commencement
Eastpoint Mall
– Challenger store
4Q 2014
Northpoint Shopping Centre
–Valore Concept store
2Q 2014
CLOSURE OF RETAIL OUTLET LOCATED IN MAHKOTA PARADE, MALACCA, MALAYSIA
The Board of Directors of Challenger Technologies Limited (“the Company”) wishes to announce that
the Company’s retail outlet at Mahkota Parade, Malacca, Malaysia, has closed down at the end of
January 2014. The Company will continue to rationalise its retail outlets’ location, including both
opening and closing of retail outlets, so as to improve overall operating performance.
None of the directors or substantial shareholders of the Company has any interest, direct or indirect, in
the above transactions.
monitoring this company ...it's a wise choice to close down if the outlet doesn't improve the profit .. hearing the fr on 12 feb soon.
Challenger will report results tomorrow night, shall see if they can make 5 cents for FY2013 or not
Sure can. Expect growth at least for the next 1 year for challenger
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(11-02-2014, 02:25 PM)felixleong Wrote: [ -> ]Challenger will report results tomorrow night, shall see if they can make 5 cents for FY2013 or not
Yes, time for the dividend...
(vested)
50% payout right. If 5 cents is around 4% dividend yield at current price.
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Challenger made 4.96 cents for fy13 within expectation
Can't help but notice the drop in margins over the years. As of the last FY NPM is 4.4%, down from 5.8% in 2009-2010. This, however, is more than compensated by the doubling of revenues since then.