(11-03-2011, 11:02 AM)rakkun Wrote: [ -> ]Challenger just went XB today! Closed at 0.60 yesterday, theoretical ex-bonus price = 0.60 x 3 / 2 = 0.40
Looking at the first 141,000 shares transacted today, I suspect most of those buyers aren't quite aware that there was a bonus issue. Transactions have been made at a weighted average of a 20% premium on the calculated ex-bonus price (average share transacted at 48c)
They probably saw the share price kerplode and thought "WOW what a BUYING OPPORTUNITY". Hope no valuebuddies got caught out there 
Pays to do a least the minimum of homework before doing anything ("uhh, what does that XB mean?")
I really do hope that no one is that dumb.
i still holding on to mine at 0.098 ex-bonus cost in price (0.147*2/3)..no further actions needed..
Per today's (16Mar11) announcement, Challenger has signed 2 new leases at Northpoint (located in Yishun) and at 112 Katong (formerly known as Katong Mall), for 2 new stores planned for opening later this year.....
http://info.sgx.com/webcoranncatth.nsf/V...5001649CA/$file/New_Lease_located_in_Yishun_and_Katong.pdf?openelement
I think sooner or later, we will see Challenger covering all key and high-traffic shopping locations in Singapore, and emerges as the undisputed leader chain store and specialist retailer of IT products in Singapore.
On a separate note, I just become aware that a small portion of my Challenger shares has been borrowed on 14Mar11 (last Monday). Based on the positive trend of Challenger's share price and low transaction volume done in the last few days, I think those daring and silly 'shorters' on 11Mar11 and 14Mar11 should start to get worried!
Maybe they are betting that the supply chain of electronics IT products will be negatively affected?
(16-03-2011, 07:55 PM)dydx Wrote: [ -> ]Per today's (16Mar11) announcement, Challenger has signed 2 new leases at Northpoint (located in Yishun) and at 112 Katong (formerly known as Katong Mall), for 2 new stores planned for opening later this year.....
http://info.sgx.com/webcoranncatth.nsf/V...5001649CA/$file/New_Lease_located_in_Yishun_and_Katong.pdf?openelement
I think sooner or later, we will see Challenger covering all key and high-traffic shopping locations in Singapore, and emerges as the undisputed leader chain store and specialist retailer of IT products in Singapore.
On a separate note, I just become aware that a small portion of my Challenger shares has been borrowed on 14Mar11 (last Monday). Based on the positive trend of Challenger's share price and low transaction volume done in the last few days, I think those daring and silly 'shorters' on 11Mar11 and 14Mar11 should start to get worried!
I agree that Challenger will soon (or already is) the leading IT chain store in Singapore. The only worry I have is when, not if, Challenger will saturate its Singapore home market.
I really do hope that their Malaysian venture will prove profitable. Otherwise, this will go from a value stock to some cash cow blue chip.
(17-03-2011, 10:40 AM)vader1671 Wrote: [ -> ] (16-03-2011, 07:55 PM)dydx Wrote: [ -> ]Per today's (16Mar11) announcement, Challenger has signed 2 new leases at Northpoint (located in Yishun) and at 112 Katong (formerly known as Katong Mall), for 2 new stores planned for opening later this year.....
http://info.sgx.com/webcoranncatth.nsf/V...5001649CA/$file/New_Lease_located_in_Yishun_and_Katong.pdf?openelement
I think sooner or later, we will see Challenger covering all key and high-traffic shopping locations in Singapore, and emerges as the undisputed leader chain store and specialist retailer of IT products in Singapore.
On a separate note, I just become aware that a small portion of my Challenger shares has been borrowed on 14Mar11 (last Monday). Based on the positive trend of Challenger's share price and low transaction volume done in the last few days, I think those daring and silly 'shorters' on 11Mar11 and 14Mar11 should start to get worried!
I agree that Challenger will soon (or already is) the leading IT chain store in Singapore. The only worry I have is when, not if, Challenger will saturate its Singapore home market.
I really do hope that their Malaysian venture will prove profitable. Otherwise, this will go from a value stock to some cash cow blue chip.
Saturation is not quite here yet. Growth in sales, profits, dividends have been faster than Singapore's economy.
There's been a lot of excitement about Challenger here and congrats to those who've invested in the company. Moving forward, I suggest some caution. The IT product landscape is no longer the same. Players like Courts, Harvey Norman, Best Denki and Popular are already selling bread and butter products that used to be the domain of the IT specialist. NTUC Xtra stocks thumbdrives, printers and notepads. Ready to use boxes are easily available and do not require too much expertise to sell. Sure, IT Fairs continue to packs crowds. Sorry if i am throwing in a dampener, but does Challenger, and even Sim Lim or Funan for that matter, still have the ocean to themselves or could these be shrinking into kelongs? Or you clearly think that Challenger is building a better mousetrap? Might be well worth your money to consider.
(not vested, now or before)
Challenger's business model is a proven one; it has evolved and become sharper over the last 10 years, driven by a smart management, and by responding well to the local consumers' growing and evolving needs for IT and related products. The competition is always out there - they come and they go; some are quite good, but most are just mediocre.
Apart from its steady business growth, investors support Challenger mainly because the company has a admirable track record of delivering steady and increasing profits from its core and related businesses over the last 10 years. The company also rewards its shareholders by way of regular and increasing twice-a-year dividends. Few other companies can match this kind of performance!
The defining factor behind Challenger's business success has to be its smart, driven, experienced, and prudent CEO in Loo Leong Thye, who is also an expert in the critical functions of merchandising and operational management. A very good management is obviously a highly valuable asset in any business.
A relevant question is: Will Loo continue to do a good job in growing Challenger's business, or is he likely to screw it up?
Too many salesman on weekdays.........I was surrounded by three while trying to check out external HDD..........lolx
Although Courts, Harvey Norman, Best Denki, Popular, NTUC, etc, are selling some IT merchandise, they have somewhat limited range (product types and models) compared to those avail in IT specialty shops like Challenger. I was looking for external HDD in courts, which I was surprised they do not sell. Sim Lim Square shops, though sell cheaper prices, can be inconvenient (in terms of location and opening hours) for casual and less-techie buyers. Challenger somewhat managed to fill in this gap, coupled with attractive membership program that keeps bringing members back.
I was at Malacca Mahkota Parade last week, when I saw their shop space under renovation. There was already another IT specialty shop opened next to it. It remains to be seen how well their venture into Msia will be executed.