Kingsmen Creatives

[RBM]

With respect MW ............ I chose the closing words in my posting carefully ..........."This evening's disclosure can only be positive news for Kingsmen's existing shareholders".

I can see that for those wishing to accumulate more Kingsmen shares they may (repeat: may) now have to contemplate paying a higher share price.

I believe it is a good thing that a credible institutional (and foreign) investor has decided to put his money into Kingsmen. I wish this kind of thing would happen more often with quality Singapore Small and Mid caps. In my view, such institutions often seem solely focused on STI constituents. As modest "value investors", we should applaud and welcome Delta Lloyds' accumulation of Kingsmen shares. Any way, lets see how Mr. Market views this going forward.

Just my humble two cents worth.

Vested - an "existing shareholder",
RBM

Even though I am a shareholder of Kingsmen, I would like to offer a different view.

I don't really see how this news is "positive" for Kingsmen. While it may validate the fact that Kingsmen is a good company for accumulation, I guess this thread alone should have established that fact some time back. And in terms of wanting to accumulate more as a result of this knowledge, the fact that this Fund has "shown hand" also probably would make it more difficult to accumulate at attractive prices.

Hence, I would treat this disclosure as - at best, neutral; and at worst, bad news for long-term shareholders!