^^ the food is nice, but don't think the stall worth that much (I call it that then a store). Not much branding.
I assume that the roasting skill can be acquired from GUangZhou chefs. I wonder why pay so much.
Note that AZtech has a chronic history of di-worse-fication.
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^^ agree, and if O&M is too far apart then roast is....
I give up on them already ever since they stopped bothering having an IR
(22-08-2014, 11:27 AM)CityFarmer Wrote: [ -> ]Diversifying into O&M sector now? I don't know much about the company, but from electronics to O&M, seems too far apart...
(not vested)
the food recipe sure can download easily from internet or get cooks from china to train you but if you have the same taste you may not succeed also because nobody know your name and people always want to compare the brand just go any hawker center ard your n.hood compares the old establishment with the new stall selling the same food similar in taste the old stall always have the longest queue. Go to abc market bukit merah 2 stalls selling curry rice one famous old estab other new stall but nobody goes to queue at the new. I've tried the new stall I find it's pretty good but you see.
The price 4 mil is certainly a lot to pay for a charsiew stall. from seller point of view it's 缘分 or "fate price" either he sells at this price or he doesn't. He probably factor into the price consideration for 30yr of toil everyday wake up 3am work till late at night, stand all day cook all day endure the heat customer no rest no holiday all the sweat and tears. If you toil something for 30 years how difficult in the end is also hard to part. I don't think he will settle for less we read many offers but none successful because he believe it is either fated or it is not that's my take
^^ seller is a woman. Inherited from father. U never been to the stall before.
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Seriously nobody ever thought about the possibility of kickbacks of consideration at $4m when the owners initially ask for 2m to 3.5m? Afterall a listed company is Ah gongs money.
Where coporate governance is lacking most. Just my opinion..
The Board of Directors of Aztech Group Ltd (the “Company”) wishes to announce that the Company will be releasing its financial statement on the results of the Company and of the Group for the Fourth Quarter and Full Year Financial ended 31 December 2014 on
18 February 2015.
http://infopub.sgx.com/FileOpen/announce...eID=331977
Bought at around 1.375 and sold at around 0.67 last year.
After dividends, the loss was around 48.5%.
Blindly bought based on P/B alone. Lost a finger.
Now he wants to privatise at 0.42.
Low ball offer. Shareholders should reject the delisting offer.
Yes reject....based on 1st Half 2016, NTA is about a dollar, and they want to pay only 42ct for it.
Although I never like this company, they should not take us for a ride.
Vested