Kingsmen Creatives

[FFNow]

They were not really evasive from their body language. Just that they were not sure of the exact amounts collected. Judith said most of the TR were collected. KC has prudent receivables management when u look at historical figures. We just have to wait for the quarter results before speculating on anything.

Regarding Mr Soh's comment on low barriers to entry, he said that even though KC has low barriers to entry, it's takes a lot of time and effort for a startup company to be of KC's stature and branding. So, in a way, KC does have a viable moat. To retain talents (as designers are the most important ppl in this business), KC focuses on intangibles like creating a good environment, having bonding sessions, having in-house design competitions, etc. I also asked Andrew about this as well and he said the company culture is what keeps the designers going, on top of monetary awards. Creative people like to work in a conducive environment and KC provides this environment. Andrew also went on to say KC minimizes the push factors by using ways mentioned above.

I will probably do a summary of what was discussed during AGM in my blog over the weekend.