Kingsmen Creatives

(15-03-2015, 09:56 AM)dzwm87 Wrote: If it's a good company, no point haggling over a 5-10% difference. Given I believe Kingsmen has a much lower public float.

I do agree - a 5% to 10% difference is not material if your time horizon is 3-5 years.

And Kingsmen does have a low public float - mainly because many shareholders understand the quality of the Company and therefore are holding on tightly to their shares!

(26-02-2015, 03:56 PM)natnavi Wrote:

(26-02-2015, 01:50 PM)corydorus Wrote: The one off is 1st half which is understandable by FY. Would have a better picture if he has help explains on Q4 profit result. There's increase in 13% in employee benefits and 30% in other expenses. A slighting lowering of just 700K would have put KMC up YoY which i would expects most CEO will try to do to manage the result. Well he didn't try to hide imo.

If is a time significant jump event, that will be insightful as we may see significant jump in profitability in quarters ahead. And with Busy year ahead, he could have have given 3 cts instead of 2.5 cts dividends. Well greedy me. LOL.

Anything more than 2.5 cents will make me a happier man. Been owning this for quite a while now but my yearly dividend is stagnant and not increasing. I'm happy that year on year profits are going up (with the exception of this year); however I'm slightly disappointed that they are not sharing the increasing profits with the shareholders.

Agree with you. their bank balance is growing up quickly. The balance sheet is now too good with full of cash. 90+m equity with 80+m cash. What is the reason they need to keep so much cash?

Today (6May15) Kinsmen closed up another $0.02, or 2.0%, at $1.04 - a new 5-year and record high! The sustained selective buying by investors willing to pay higher prices cannot be just explained by the coming $0.025/share final dividend - XD date fixed for 15May15, with payment on 29May15 - or the total $0.04/share in yearly dividends. Something positive coming?

Kingsmen vs. STI in last 5 years.....
https://sg.finance.yahoo.com/echarts?s=5...I;range=5y
It is great to note that share price wise Kingsmen has out-performed STI by some 55% during that period. If we include Kingsmen's consistent $0.04/share yearly dividends, the out-performance in terms of total return should be close to 80%.

i hope they invest in a new building for their HQ and Production.

Settle this once and for all!

If they invest in a new building, where are they going to get the capital? How much of cash is in China? Debt? A simple calculation will show interest expense eating away your margins.

(08-05-2015, 12:20 AM)dzwm87 Wrote: If they invest in a new building, where are they going to get the capital? How much of cash is in China? Debt? A simple calculation will show interest expense eating away your margins.

The management had expressed their desire to relocate to a bigger premises a few years ago.
A reasonable size building with offices and factory floors at suburban with 30 years lease is probably around $20 millions.
http://info.sgx.com/webipo.nsf/96feb765c...%20IPO.pdf

Their current operating lease is around $3.7 million.

The HQ lease was around $1.2 mil in 2003 and I suppose it should be substantially more now.

Kingsmen Creatives’ earnings decline 14.5% to $787,000 on lower revenue

By Gho Chee Yuan / TheEdge | May 12, 2015 : 7:13 PM MYT
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SINGAPORE (May 12): Kingsmen Creatives, the designer of retail and corporate interiors and exhibitions and themeparks, saw its earnings for the first quarter ended March 31, 2015 (1QFY15) declined 14.5% to $787,000 from $920,000 a year ago due to lower revenue and profit contribution from associates registered.

Quarterly revenue was also down 3.9% to $51.9 million from $53.98 million as its Retail & Corporate Interiors division and Alternative Marketing division recorded lower revenue.

In a filing with SGX today, the group said its gross profit margin remained fairly stable at 27.4% in 1Q15 as compared to 27.2% in 1Q14.

Looking ahead, Kingsmen Creatives said it will continue to monitor and adapt to changes in the market, offering effective solutions to help its clients, while staying relevant to market needs.

As at April 30, 2015, the group said it has secured contracts of $204 million, of which $181 million is expected to be recognised in current financial year.

"Barring unforeseen circumstances, we expect FY2015 to be a good year," it added.

The counter closed 1.47% higher at $1.035 today, giving it a market capitalisation of $198.4 million.

A recent article on Kingsmen carried in NextInsight.....
http://www.nextinsight.net/index.php/sto...ance-sheet

Sharp drop to 0.85 today! What's brewing?

Just checked 2Q ended profits down 40%

"The Retail & Corporate Interiors division recorded a revenue of S$56.6 million in 1H 2015, a decrease of
26.5% from S$77.0 million in 1H 2014. In 2Q 2015, the division’s revenue was S$35.1 million as compared
to S$49.4 million in 2Q 2014. The decrease in revenue was due to a softening of demand for interior design
and fit-out services from the high end luxury retail segment."