07-03-2013, 11:20 AM
Earlier this morning I made the following posting on the Kingsmen Creatives VB thread ..............
QUOTE
Reference CityFarmer's posting on the Kingsmen VB thread of earlier this morning.
I too am pleased for all VB forummers (i.e. including myself) who have been vested in Kingsmen and who have enjoyed the ~ 8.4% (eight point four percent) appreciation in the share price since Kingsmen announced their FY 2012 results during the early morning of 28th February 2013. I see that as at 10.30 am this morning 7th March, Kingsmen shares were trading at S$ 0.84. It appears that Mr. Market appreciated Kingsmen's FY 2012 results.
VB Forummers invested in Kingsmen may also like to know that in exactly the same period, i.e. the begining of trading on the morning of 28th February until 10.30 am this morning 7th March, the share price of Kingsmen's key competitor, Pico Far East, has also done quite well. In fact Pico's share price is up 14% (fourteen percent) in this same time period. And this is without the impetus of a results announcement - Pico had announced their FY results five weeks earlier, on 25th January.
I wonder if we are seeking a re-rating - a positive one - of the sector these two very well managed companies operate in?
I also see that Denver Investment Advisors have increased their shareholding in Pico Far East to 11.27% and that this has now been formally announced by Pico's BoD. If a proof point was needed that these kind of companies (i.e. Kingsmen, Pico) appeal to Private Equity Funds, I would suggest that this is it.
Vested (in Kingsmen and Pico)
UNQUOTE
QUOTE
Reference CityFarmer's posting on the Kingsmen VB thread of earlier this morning.
I too am pleased for all VB forummers (i.e. including myself) who have been vested in Kingsmen and who have enjoyed the ~ 8.4% (eight point four percent) appreciation in the share price since Kingsmen announced their FY 2012 results during the early morning of 28th February 2013. I see that as at 10.30 am this morning 7th March, Kingsmen shares were trading at S$ 0.84. It appears that Mr. Market appreciated Kingsmen's FY 2012 results.
VB Forummers invested in Kingsmen may also like to know that in exactly the same period, i.e. the begining of trading on the morning of 28th February until 10.30 am this morning 7th March, the share price of Kingsmen's key competitor, Pico Far East, has also done quite well. In fact Pico's share price is up 14% (fourteen percent) in this same time period. And this is without the impetus of a results announcement - Pico had announced their FY results five weeks earlier, on 25th January.
I wonder if we are seeking a re-rating - a positive one - of the sector these two very well managed companies operate in?
I also see that Denver Investment Advisors have increased their shareholding in Pico Far East to 11.27% and that this has now been formally announced by Pico's BoD. If a proof point was needed that these kind of companies (i.e. Kingsmen, Pico) appeal to Private Equity Funds, I would suggest that this is it.
Vested (in Kingsmen and Pico)
UNQUOTE
RBM, Retired Botanic MatSalleh