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Food Junction
18-02-2011, 08:30 PM.
Post: #41
RE: Food Junction
i just re did the figures. its shocking.
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18-02-2011, 10:33 PM.
Post: #42
RE: Food Junction
Food Junction bought back another 63 lots and paid $0.205/share.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument

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21-02-2011, 01:47 PM.
Post: #43
RE: Food Junction
(16-02-2011, 11:01 PM)pianist Wrote: sometimes i wonder if comparing food courts business between food republic and food junction is akin to comparing SMRT with SBS.

Strickly speaking, there is little competition between SMRT and SBS. Each bus routes and each MRT lines is carefully planned to avoid duplication of services. It is not the case for food courts, where one can choose to walk into either one according to his/her likes. Competition in food courts is definitely more intense.

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21-02-2011, 10:05 PM.
Post: #44
RE: Food Junction
ok perhaps i can relate to u my experience. was at lot 1 today at 12 pm. trying to eat only vegetable rice, my colleague recommend that we go Food Junction. Upon hearing that i told him i am a share holder and that food there is expensive.

It really hit us how expensive it was when we look at the most simple mixed vegetable rice cost us at least $3.70. Utterly turned off, we went NTUC food fare outside Lot 1. The vegetarian rice cost us $2.50 with brown rice. Utterly satisfying.

I understand why you can always find seats in that Food Junction. at that price they really hit the turn off threshold.
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22-02-2011, 07:24 PM.
Post: #45
RE: Food Junction
(21-02-2011, 10:05 PM)Drizzt Wrote: ok perhaps i can relate to u my experience. was at lot 1 today at 12 pm. trying to eat only vegetable rice, my colleague recommend that we go Food Junction. Upon hearing that i told him i am a share holder and that food there is expensive.

It really hit us how expensive it was when we look at the most simple mixed vegetable rice cost us at least $3.70. Utterly turned off, we went NTUC food fare outside Lot 1. The vegetarian rice cost us $2.50 with brown rice. Utterly satisfying.

I understand why you can always find seats in that Food Junction. at that price they really hit the turn off threshold.

At Lot1, the lunch crowd usually comes in from around 12:30pm. It's difficult to get a seat during the peak lunch and dinner hours. Why this is so is there are very few cheap eating joints in CCK area. So, despite the higher prices at Food Junction Lot1, IMO, they're not going to close shop soon.

Food Junction also have a halal food court at Lot1, known as Food Culture. It's seldom crowded as it's a smaller food court with fewer choices. This one may not survive in the longer run.

Not vested.

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23-02-2011, 07:40 PM.
Post: #46
RE: Food Junction
(22-02-2011, 07:24 PM)KopiKat Wrote:
(21-02-2011, 10:05 PM)Drizzt Wrote: ok perhaps i can relate to u my experience. was at lot 1 today at 12 pm. trying to eat only vegetable rice, my colleague recommend that we go Food Junction. Upon hearing that i told him i am a share holder and that food there is expensive.

It really hit us how expensive it was when we look at the most simple mixed vegetable rice cost us at least $3.70. Utterly turned off, we went NTUC food fare outside Lot 1. The vegetarian rice cost us $2.50 with brown rice. Utterly satisfying.

I understand why you can always find seats in that Food Junction. at that price they really hit the turn off threshold.

At Lot1, the lunch crowd usually comes in from around 12:30pm. It's difficult to get a seat during the peak lunch and dinner hours. Why this is so is there are very few cheap eating joints in CCK area. So, despite the higher prices at Food Junction Lot1, IMO, they're not going to close shop soon.

Food Junction also have a halal food court at Lot1, known as Food Culture. It's seldom crowded as it's a smaller food court with fewer choices. This one may not survive in the longer run.

Not vested.
thank you for the clarification.
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Dividend Investing and More @ InvestmentMoats.com

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28-02-2011, 05:52 PM.
Post: #47
RE: Food Junction
Last Friday (25Feb11), Food Junction bought back another 164 lots, at an average price of $0.20774/share.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument

Including the above purchase, Food Junction has so far bought back 1,775 lots, or 1.37% of the company's issued shares.

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03-03-2011, 10:26 AM.
Post: #48
RE: Food Junction
Noticed someone grabbed 25 lots at $0.235 during pre-market.

Can anyone rationalise why this can happen when there are folks queuing at $0.215 to sell?

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03-03-2011, 01:40 PM.
Post: #49
RE: Food Junction
I think its because of the pre-open routine that is calculated based on the buy/sell order before the market open for trades. The sell orders for 21.5c may have been entered after start of trade.

From a file I have on hand:

The Pre-Open Routine is a 30-minute session before regular trading starts at 0900 hrs. It comprises the Pre-Open Period and the Non-Cancel Period. During the Pre-Open Period (0830 - 0859 hrs), buy and sell orders can be entered, amended or withdrawn. However, they will not be matched and executed during this period.

The Non-Cancel Period is between 0859 and 0900hrs, during which input, amendment and withdrawal of orders are not permitted. Orders that can be matched are executed at a single computed price, which will be the same as or better than the price at which the orders are entered.

This computed price shall be the opening price for the day. Unmatched orders will be carried forward into the regular trading session. This routine facilitates the smooth flow and matching of orders once the regular trading session starts.

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08-03-2011, 08:09 PM. (This post was last modified: 08-03-2011, 08:26 PM by dydx.)
Post: #50
RE: Food Junction
Today (8Mar11), Food Junction managed to buy back another 450 lots by upping the price to $0.21.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument
Including this purchase, Food Junction has so far bought back a total 2,225,000 shares, and has reduced the number of outstanding shares to 127,407,790.

Food Junction buying back its own shares has 2 indirect impacts -
1. It has raised controlling shareholder Auric Pacific Group (which held 74,935,285 shares in Food Junction as at 18Mar10) to 58.815%, from 57.806% previously.
2. As so far the shares bought back were transacted at prices below the per share NAV of $0.243 (as at 31Dec10), it has raised the per share NAV of the remaining shares, i.e. the Food Junction shares now are worth more - in terms of a raised or higher per share NAV and EPS -than before!

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