Kingsmen Creatives

[Musicwhiz]

Thanks! Not bad at all. Paying out only 40+% of net profit. Little debt. Chart not so good, slight decline over last 2 years?

Only downside is daily trade volume is low? Today 125000, that is only $70K, so if we accumulate say $20-30K... then if got serious problem will fall very dramatically....

Also the 2 bosses who own 23-25% each... .are they family? And probably quite old already? Succession will be an issue if there are 2 families.

I am investing in a business and adopt the perspective of a business owner, therefore the charts do not mean anything to me (in fact, I think they resemble cute squiggles). Just curious though - do charts account for the fact that there have been two dividends a year for Kingsmen, and adjusts itself accordingly?

The trading volume also does not concern me as I am just focusing on its business. Of course, if Mr. Market does something silly then it would make me take notice; otherwise I concentrate solely on the business. It would not matter if there was no trading done for an extended period of time.

The two bosses are not related by blood. They actually met up 35 years ago and were in different companies but decided to come together to set up Kingsmen. I believe Ben Soh is about 63 and Simon Ong is close to 60 years old. Their children are not involved in the business.

My suspicion is that they may decide to sell off the Company to an interested buyer if the price seems right to them, and if the valuation accorded is much higher than current levels.