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No Signboard Holdings
10-06-2018, 06:39 PM. (This post was last modified: 10-06-2018, 06:44 PM by CY09.)
Post: #11
RE: No Signboard Holdings
How much NSB is worth is based on how well it can execute its business strategies/expansion, in my opinion.

The beer business it is trying to break into is definitely struggling. This is because the beer is NSB's own brand and if NSB wants to market it, it has to expand the offering beyond its own restaurants. Otherwise, it is going to have a limited audience. Furthermore, whenever patrons go to a place, they already have a definite beer in mind (1864, Guinness , tiger etc). In my opinion, it requires a lot of marketing expenses which NSB being a short business is short of.

The "Ma2shop" is NSB vending food business, have tried at Tampines and it is not really nice. I would prefer walking across the road a bit more to the coffee shop for warmer food. In my opinion, they should have marketed it in areas where there are less food eateries, otherwise currently their target audience are late night patrons who do not have coffee shops to go to (which again is a relatively small market)

It is hard to value NSB, but in my opinion, a good gauge will be based on 15x P/E or free cash flow for the resiliency of its food business.

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11-06-2018, 12:30 AM.
Post: #12
RE: No Signboard Holdings
(11-11-2017, 10:55 PM)specuvestor Wrote: Nice summary

IMHO No signboard also seems No Clue. They are also looking to expand to heartlands which I'm not sure they can maintain quality. Their franchise model for Geylang seems strange and looking to franchise in China. They just bought Draft Denmark in June, just Before 9M17 and already looking to invest into own brewery

Agree their trajectory is not comparable to Jumbo

They are keeping the cash cow and passing risk of new ventures to investors. Unless the new ventures turn profitable, no point spending time
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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18-06-2018, 07:34 PM.
Post: #13
RE: No Signboard Holdings
No Signboard Diversifies into Singapore’s Hot Pot Market, Securing Franchise Rights for a Well-known Hot Pot Restaurant Brand - 小肥羊 ("Little Sheep")

Highlights :
* No Signboard intends to open the first outlet by early 2019 while targeting to open at least one outlet per year over the next five years
* The hot pot business will add diversity to the Group’s restaurant business
* Little Sheep is known for its delicious soup base that is made from 36 spices and Mongolian lamb delicacies.

No Signboard Holdings Ltd. (“無招牌控股有限公司”) has entered into a franchise agreement to develop and operate Little Sheep restaurant concept in Singapore. Little Sheep is a well-known hot pot restaurant in China.

Established since 1999 with origins from Inner Mongolia, Little Sheep has over 280 outlets across China and the international markets including the United States, Canada and Japan, as of 31 December 2017. Of these 280 outlets, 270 of them are franchised.

The Agreement will commence from 18 June 2018, for a period of 10 years. Under the terms of the Agreement, No Signboard is targeting to launch one restaurant per year under the Little Sheep brand name and concept in Singapore within the first five years.
Specuvestor: Asset - Business - Structure.
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18-06-2018, 11:52 PM.
Post: #14
RE: No Signboard Holdings
Jialat. Confirmation of their business acumen.

Xiao Fei Yang was acquired by YUM. After that, YUM closed a lot of shops in China.
HK used to have a few XFY. Think no more in HK already.

XFY nothing special one. Beauty pot or imperial treasure hot pot also can beat them.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster

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