Kingsmen Creatives

[fallscushion]

It might be 6 long months without any official guidance by Kingsmen on its performance. The company will not fold in the short term, since it has plenty cash. But with every passing month of the pandemic, it seems like situation will be here long term.

Pico's own guidance as linked below may give a hint but in no quantitative terms. 

BUSINESS UPDATE AND PROFIT WARNING...
...the Group expects to record a significant drop in revenue, and a significant reduction in the unaudited profit attributable to the owners of the Company for the year ended October 31, 2020 to decrease by more than 80% compared to the same period in 2019.


https://www.pico.com/en/investors#compan...ement-2021

They say that the Covid-19 pandemic accelerated what would have succeeded in 5 years. If we slightly invert it, I reckon the pandemic also accelerated what would have failed in 5 years' time.

IMO, still managed to be profitable in such pandemic year for an Exhibition Company is quite an underrated achievement.

With Vaccine writing on the wall, it's a matter of times for the floods of events to return. The question is whether their capacity can cope then.

During such time, the supplier pricing power would be temporarily boosted up.
The lesser quality event company (such as the subject of this post, imo), may benefit even more in term of earning percentage.

By and large, I am not pessimistic with the long run potential of Pico, it's just a matter of when they'd start picking up again and whether they have the capacity to ride the wave when it comes.

<vested in Pico, used to be vested in Kingsmen>