Kingsmen Creatives

There aren't many kind of transactions that require a trading halt(especially on dreaded Monday)
A placement is possible but Kingsmen does not need extra $$$.
A right issue is even more remote.
With S$46 million of cash at 3Q12, it is kind of unlikely that they need to raise $$$ to lease a new building.
Project win? I am not sure what kind of amount of project win will require a halt.($50million??)
M&A. Unlikely, unless they want to swallow up Pico but Pico is far too big. The rest in Singapore are not worth the effort.

Retirement?? I have to agree with dydx that this possiblity is likely to be the highest.
I suppose many of Kingsmen staffs are shareholders too and only a good price will appeal to all.

(14-01-2013, 09:55 AM)yeokiwi Wrote: With S$46 million of cash at 3Q12, it is kind of unlikely that they need to raise $$$ to lease a new building.

Just a minor correction here - Kingsmen has indicated they intend to purchase a new building, rather than to lease. And it would be about 2x the size of their current one as their current premises are bursting at the seams.....

(14-01-2013, 09:55 AM)yeokiwi Wrote: There aren't many kind of transactions that require a trading halt(especially on dreaded Monday)
A placement is possible but Kingsmen does not need extra $$$.
A right issue is even more remote.
With S$46 million of cash at 3Q12, it is kind of unlikely that they need to raise $$$ to lease a new building.
Project win? I am not sure what kind of amount of project win will require a halt.($50million??)
M&A. Unlikely, unless they want to swallow up Pico but Pico is far too big. The rest in Singapore are not worth the effort.

Retirement?? I have to agree with dydx that this possiblity is likely to be the highest.
I suppose many of Kingsmen staffs are shareholders too and only a good price will appeal to all.

profit warning?
fraud?
top mgt under cpib investigation?
these are possibilities too. =)

(14-01-2013, 11:16 AM)wozhaodaole Wrote: profit warning?
fraud?
top mgt under cpib investigation?
these are possibilities too. =)

I acknowledge that the above negative news is definitely possible as well. Sorry for not factoring that in my initial analysis.

(14-01-2013, 10:49 AM)Musicwhiz Wrote:

(14-01-2013, 09:55 AM)yeokiwi Wrote: With S$46 million of cash at 3Q12, it is kind of unlikely that they need to raise $$$ to lease a new building.

Just a minor correction here - Kingsmen has indicated they intend to purchase a new building, rather than to lease. And it would be about 2x the size of their current one as their current premises are bursting at the seams.....

From MapleTree Logistics

Kingsmen Creatives
Occupancy Rate: 100%
Number of Tenants: 1
List of Major Tenants:
Kingsmen Creatives Ltd.
Land Leasehold Tenure
(Lease Start Date):
30+30 years (1 Oct 1998)
Purchase Price : S$13.9 million

A double of floor area is unlikely to exceed S$30million and most likely, they will purchase a building using cash + bank loan.

i was thinking SPH to make an offer for Kingsmen.... let's see how!

The stock price did jump up last friday ending with 0.795.

(14-01-2013, 03:32 PM)brattzz Wrote: i was thinking SPH to make an offer for Kingsmen.... let's see how!

unlikely bah...especially since SPH nv halt

I know that speculating about what is behind this morning's trading halt announcement isn't adding much value ........... but I'll do it any way!! ........... or at least talk to what I believe its not!!

I have just noted that Pico Far East is trading as usual on the HKEX (its up by the way). I mention Pico because they are larger and are a competitor of Kingsmen in several markets .......... and I have heard Pico mentioned as a possible suitor for Kingsmen before. I believe the fact that Pico are not in a trading halt means they are unlikely to have anything to do with what is currently pre-occupying Kingsmen.

Vested - in both PIco & Kingsmen

(14-01-2013, 04:16 PM)toiletsiao Wrote:

(14-01-2013, 03:32 PM)brattzz Wrote: i was thinking SPH to make an offer for Kingsmen.... let's see how!

unlikely bah...especially since SPH nv halt

Let me join in...I speculate owners taking it private.