Kingsmen Creatives

This afternoon I checked out the newly revamped Chinatown Point mall and noted that Uniqlo will soon open another new store in its basement 2 and guess what, Kingsmen is again doing the fit-out for the new store.

To-date, Uniqlo has opened 8 stores in Singapore, and the new store in Chinatown Point will be its 9th. In Malaysia, this highly successful Japanese clothing retailer chain has so far opened 8 stores. Conceivably Uniqlo will add a few more stores in Singapore and quite a few more in Malaysia in the next few years, and this should add another regular flow of business to Kingsmen.

(23-03-2013, 08:07 AM)dydx Wrote: Last evening I discovered by chance that Sacoor Brothers - a contemporary, stylish and high-quality brand of male/female clothing from Portugal - is a customer of Kingsmen.

Hi dydx, may I know how you discovered it?

(29-03-2013, 10:35 PM)FFNow Wrote:

(23-03-2013, 08:07 AM)dydx Wrote: Last evening I discovered by chance that Sacoor Brothers - a contemporary, stylish and high-quality brand of male/female clothing from Portugal - is a customer of Kingsmen.

Hi dydx, may I know how you discovered it?

While shopping for a polo shirt, I just asked the Portuguese lady store manager "Who fitted out the store?" after telling her I like the look of it, and she told me it was Kingsmen. On the way out, this was confirmed by a stylish floral displayed just outside the store entrance bearing the name "Kingsmen Projects".

Sharing a Motley Fool piece from mid-March. An analysis favourable to Kingsmen?? (I'm not sure about the Total Return to P/E ratio measure applied by Neff) ……..

QUOTE

Do These Shares Look like Good Value? By Ser Jing Chong

When we invest in the stock market, we often like to look for good value. Value is not determined solely by a company’s share price, but is a function of both its price and its fundamentals. Different investors like to look at different aspects of a business’s fundamentals in their judge of value and it is something we can all learn from as we try to build upon our own investment methods.

Mutual fund legend John Neff was the fund manager of the Windsor Fund from Vanguard and grew his investor’s money by a whopping 5350% from 1964-1995, doubling the US stock market’s cumulative return in the same time period. With such a stellar track record, it would be wise for investors to take a look at some of the ways Neff determines value. In his book John Neff on Investing, he wrote about a simple metric that he helped set up in the Windsor Fund to measure the ‘bang for our investment buck’ for a company’s shares that he called Total Return:

Total Return = Earnings Growth + Dividend Yield

He would divide the Total Return by the share’s Price-Earnings ratio and then compare it with the overall stock market’s numbers.
To show how Total Return can be put into practice, here are the numbers for some local shares:

__________________________Cur Share Price___*Earnings/Share ______Div Yield______Tot Return_______Cur P/E Ratio_____Tot Return
_________________________________________Comp Ann Growth_________________________________________________÷ PE Ratio
Kingsmen Creatives (SGX: 5MZ)_____$0.85__________18.37%__________4.71%__________23.08%___________9.50__________2.43
Supergroup (SGX: S10)____________$3.39__________19.05%__________2.06%__________21.11%__________24.33__________0.87
Starhub (SGX: CC3)_______________$4.12___________2.93%__________4.85%___________7.78%__________19.69__________0.40
**SPDR STI ETF (SGX: ES3)________$3.29___________5.97%__________2.42%___________8.39%__________13.22__________0.63

*Note: Earnings Per Share growth figures for the companies are historical figures taken from the companies’ income statements dating back to FY2006.

**Note: The Earnings Per Share Growth figure for the SPDR STI ETF was taken from a Morningstar compiled fact-sheet whose data collection stops at 31 Dec 2011.

We have used the SPDR STI ETF as a close proxy for the Straits Times Index (SGX: ^STI) for practical purposes because the ETF allows an investor to invest in Singapore’s overall stock market by tracking the STI.

Neff preferred his shares to have a Total Return divided by its PE that exceeded the stock market’s by 2-to-1. From the data presented in the table above, we can see that Kingsmen Creatives, a leading player in Asia’s Meetings, Incentives, Conventions and Exhibitions industry, passed the bill. Kingsmen has a dividend yield that almost twice that of the market’s, an earnings growth rate of 18.05%, and a low PE ratio of 9.5.

Let’s take a look at Starhub next. The company’s revenue has flat-lined since 2010, increasing by a cumulative 8% to 2012’s $2.42b. Its dividend yield is almost twice that of the market’s too, but has a lower earnings per share growth than Kingsmen.

Instant-beverage maker Supergroup has EPS growth of 19.05% over the last 7 years, with a PE ratio of 24.33. It’s dividend yield is slightly below the market at 2.06%.

Neff’s Total Return can be useful way to screen for immediate value among different shares but it is not a fool proof method. After all, the Total Return is a backward looking measure and investors should also think hard about whether a company can sustain its historical growth rate, or improve upon past growth figures to deliver even greater shareholder value.
UNQUOTE

Web link is here..............

http://www.fool.sg/2013/03/do-these-shar...ocs0070001

Vested
P.S. - Sorry about the table - hope it is understandable - took me some time to get it spaced out correctly.

I have a simple way to look at return form owning a stock.....

What's the total return for an investor who bought into Kingsmen at its IPO in Sep03 - i.e. approx. 9.5 years ago - which involved the issue of 20.0m new shares at $0.30/share and raised only $6.0m in gross proceeds? If he is a lazy investor like some of us and has simply kept his shares till now, each of his original Kingsmen share would have -

(1) become 1.5 share after the 3-for-2 stock split which happened in May08. And based on the last done (as at 4Apr13) share price of $0.88, his 1.5 share is now worth $1.32 - i.e. a gain of $1.02 or 340% on share price alone.
(2) collected a total of $0.3145 in total after-tax dividends from 12May04 (payment date of the first $0.0075/share Final dividend for FY13 after IPO) to 24Sep12 (payment date of the last $0.015/share Interim dividend for FY12) - comprising a total of $0.0745/share before the 3-for-2 stock split in May08, and a total of $0.24/share (adjusted for the stock split) after May08.

Including the dividends collected over the years, the investor's total return since IPO would amount to $1.3345, or 445% on his original cost of $0.30/share.

For those lucky ones who managed to pick up their Kingsmen shares at below $0.20 after the IPO, their total return to-date would be in excess of 600%.

I look forward to collect the coming $0.025/share Final dividend for FY12 which will be paid on 12Jun13.

Disclosed earlier this evening ................

QUOTE
Kingsmen Creatives Ltd.
(Company Registration No.: 200210790Z)

RESOLUTION OF A DISPUTE BROUGHT TO ARBITRATION

The Board of Directors (“Board”) of Kingsmen Creatives Ltd. (the "Company") wishes to announce that it’s wholly owned subsidiary, Kingsmen Exhibits Pte Ltd (“Kingsmen Exhibits”) has resolved a dispute (“the dispute”) it had with Hup Lian Engineering Pte Ltd (“Hup Lian”), a subsidiary of Chasen Holdings Ltd, a SGX main board listed company. The dispute had resulted in arbitration proceedings which commenced in October 2010.

In the course of the dispute, Hup Lian had sought to claim as much as $10.39 million as set out in their Tax Invoice 00005146 dated 31 March 2010. The resolution of the dispute involves Kingsmen Exhibits paying a fraction of the amount claimed or recognised by Hup Lian, a sum not exceeding $1 million (“the settlement sum”). The resolution of the dispute will not affect Hup Lian’s liability and responsibility for the quality of the works done by them.

As the settlement sum paid by Kingsmen Exhibits has already been fully provided for in the Company’s financial statements as at 31 December 2012, the settlement will therefore not have a material impact on the earnings per share and the net tangible assets per share of the Company for the financial year ending 31 December 2013.

By Order of the Board
Benedict Soh Siak Poh
Executive Chairman
10 April 2013
UNQUOTE

Seems like a positive outcome for Kingsmen's shareholders.

Vested

Just happen to find this:
Kingsmen - TFWA Asia Pacific 2013

They will be doing "SHELL SCHEME, ELECTRICAL, PLUMBING & FURNITURE RENTAL" for the event in May 2013.

Kingsmen last done at $0.92, up $0.04 so far this morning (11Apr13)! This is unusual movement! - especially with only decent volume.

The BIG announcement coming? Or am I just dreaming again?

(11-04-2013, 09:41 AM)dydx Wrote: Kingsmen last done at $0.92, up $0.04 so far this morning (11Apr13)! This is unusual movement! - especially with only decent volume.

The BIG announcement coming? Or am I just dreaming again?

I won't think too much of it, to be honest.

Let's wait for the AR 2012 to be out. The AGM should be sometime close to end-of April 2013.

lolz! another fraud case?!! hehe!