Kingsmen Creatives

Company response

The Directors’ fees of S$263,603 for FY2021 are higher compared to the corresponding amount of S$205,750 for the financial year ended 31 December 2020 (“FY2020”), as in FY2020, the Executive Directors and Independent Directors had voluntarily taken a 30% and 15% reduction in their Directors’ fees respectively. There were no such reductions in FY2021.

(22-04-2022, 11:03 AM)Yoyo Wrote: Company response

The Directors’ fees of S$263,603 for FY2021 are higher compared to the corresponding amount of S$205,750 for the financial year ended 31 December 2020 (“FY2020”), as in FY2020, the Executive Directors and Independent Directors had voluntarily taken a 30% and 15% reduction in their Directors’ fees respectively. There were no such reductions in FY2021.

Hello Yoyo, Respectfully ….you may want to yoyo back to the previous page and review Post # 1258 submitted by weijian.

Vested

Looked into Kingsmen’s AGM this Morning. Chairman Ben and CEO Andrew did the talking, the Finance Controller second’ed motions. The Q&A’s already disclosed were not repeated, so the focus was on Andrew’s Presentation of Kingsmen’s revised Strategic Direction and the Poll results of Resolutions. Good quality video link, very clear sound (unlike some other AGM’s).

From Andrew’s McKinsey’ish presentation, I conclude that Kingsmen aims to go upmarket and to be more aligned with the digital era we now live in. I hope I’m wrong but I fear that, if this is Kingsmen’s key push going forward, their Competition (e.g. Pico FE) has already taken a march on them.

As to voting, all Resolutions passed comfortably, although ~9.1/2 Million shares were voted against the Share Issue resolution and >3 Million shares against the Director Fees resolution. And the long standing Independent Director Re-Election resolution, from which Directors & Mgmt abstained, passed by a ratio of ~7:1, with >3 Million shares voting against. No resolutions passed unanimously - I sense unanimous votes at Kingsmen AGM’s are a thing of the past. The above is just my personal take.

Vested, for some time.

I am still waiting for Ben and Simon to retire..

(28-04-2022, 05:17 PM)dydx Wrote: I am still waiting for Ben and Simon to retire..

An observation: Simon did not say a word at this morning’s AGM. He was offsite, only raised his arm when Ben introduced the (predominantly Executive) Directors. Today’s AGM was a “Ben & Andrew” show….. in years gone by AGM’s were a “Ben & Simon” show.

Vested

Valuation wise I reckon Pico is as cheap, while with better business model & more shareholder friendly Management.
Hence if it's feasible, why not, switching over to Pico.
I fully switched over 2 years back and never look back.

Back when the company announced its 1HFY2022 earnings for the six months ended June, it had total contracts worth $284 million as at July 2022, of which $247 million is expected to be recognized in 2022.

https://www.theedgesingapore.com/capital...ion-osakas

There was no announcement and I kind of missed the news on social media. The Nerf centre at Marina square had closed since end 2023. In Facebook, they simply said that they have moved to north America.
So they did not renew the lease at M sq for another 2 years after the first 4 years.
Probably no need to since the one in NJ Westfield should be opening soon this year (delayed from 2023). The Singapore centre was meant to be a testbed and sample. If it did not coincide with Covid 19 maybe it may have been more financially viable. A second one in Tennessee pigeon forge is scheduled in end 2024.
There is a Nerf fec that opened in Manchester UK last Aug which has nothing to do with Kingsmen btw.

SG Marina sq FEC: 18000 sqft
NJ Westfield garden state plaza FEC: 36000 sqft
Tennessee pigeon forge FEC: 29000 sqft

Personally I had been to the Marina sq FEC with my boy. Summary is I will not go again but my boy says otherwise. Feels 18000 sqft is too small to run around.

Base on the history of this thread, I am a new investor to Kingsmen and will be attending my second physical agm this year. See you guys

(18-04-2024, 09:57 PM)Mushy Wrote: There was no announcement and I kind of missed the news on social media. The Nerf centre at Marina square had closed since end 2023. In Facebook, they simply said that they have moved to north America.
So they did not renew the lease at M sq for another 2 years after the first 4 years.
Probably no need to since the one in NJ Westfield should be opening soon this year (delayed from 2023). The Singapore centre was meant to be a testbed and sample. If it did not coincide with Covid 19 maybe it may have been more financially viable. A second one in Tennessee pigeon forge is scheduled in end 2024.
There is a Nerf fec that opened in Manchester UK last Aug which has nothing to do with Kingsmen btw.

SG Marina sq FEC: 18000 sqft
NJ Westfield garden state plaza FEC: 36000 sqft
Tennessee pigeon forge FEC: 29000 sqft

Personally I had been to the Marina sq FEC with my boy. Summary is I will not go again but my boy says otherwise. Feels 18000 sqft is too small to run around.

Base on the history of this thread, I am a new investor to Kingsmen and will be attending my second physical agm this year. See you guys

Hi Mushy, am curious about what motivated you to invest in Kingsmen. I have been vested in KC since close to IPO days and have seen the great times. 

Unfortunately, the performance since their peak in 2014 has not been much to write home about... am still waiting for the long awaited turnaround

Hi sgmystique, I think I can explain it this way. What I see in Kingsmen now is about the same as what most longer term kingsmen investors see in the past. The main difference is I have not experienced its great times or its peak in 2014 according to you. I don't have a "baggage". I only first came in around 2018 or 19. To me it is a decent company with decent people that had seen some bad times, share price fall and hence I started buying. Then during the lows of covid 19 I bought hard, I think you know what I am trying to say. I had a decent start.
What I see is the company has not forgotten or given up and is trying hard. I believe it can turn around and able to adapt to the new challenges. Not multi bagger sort of returns but it should be able to turn in some nice profits in the years ahead and give good dividends. It has shown since last year that it has not forgotten about dividends.