Kingsmen Creatives

Just checked my bank account and I was happy to note that Kingsmen's dividend of 2 cents/share (final) and 0.5 cents/share (special) has been credited. It makes me want to work harder to find such good yield companies with decent growth prospects, coupled with a strong Management team which knows how to grow the business slowly and steadily.

I guess there should be no news for now until Kingsmen releases their 1H FY 2011 results in August 2011. I will be looking forward to the interim dividend (FY 2010 interim = 1.5 cents/share).

(24-05-2011, 02:50 PM)Musicwhiz Wrote: Just checked my bank account and I was happy to note that Kingsmen's dividend of 2 cents/share (final) and 0.5 cents/share (special) has been credited. It makes me want to work harder to find such good yield companies with decent growth prospects, coupled with a strong Management team which knows how to grow the business slowly and steadily.

I got mine too - a very nice sum! It is indeed difficult to find a fine company where the management is committed to run and grow the business well and properly, and the business doesn't need to retain much capital to fund further growth, and the management knows well how to reward the shareholders year-after-year.

Hey buddies, I was at Vivocity yesterday and saw a Coach shop under renovation. So I went to see and check if Kingsmen has won the contract. To my disappointment, the contract was awarded to Stag. Upon searching on Google, Stag is an australian company focusing on high end shop fittings.
The website: http://www.stagsf.com/home

Seems like this company is doing quite well over in SG. they have done fittings for Tiffany (I used to think that Tiffany award all contracts to Kingsmen?).
When companies like Tiffany awards roll-outs, they do not seem to stick to a single company.

(30-05-2011, 08:02 AM)Thriftville Wrote: Hey buddies, I was at Vivocity yesterday and saw a Coach shop under renovation. So I went to see and check if Kingsmen has won the contract. To my disappointment, the contract was awarded to Stag. Upon searching on Google, Stag is an australian company focusing on high end shop fittings.
The website: http://www.stagsf.com/home

Seems like this company is doing quite well over in SG. they have done fittings for Tiffany (I used to think that Tiffany award all contracts to Kingsmen?).
When companies like Tiffany awards roll-outs, they do not seem to stick to a single company.

I'm not too worried. Kingsmen is bound to have competitors which take away some of its business, but the important thing is that the Company has recurring repeat clients which comprise 70% of its Interiors clientele. At the same time, they are also adding new customers while possibly dropping older ones who may not be as lucrative (part of the dynamics of business).

I am not sure if a single company will always choose Kingsmen, but it is fair to say I do not fret or worry over the operational aspects of the business too much. I leave that to the capable hands of the Management Team at Kingsmen.

How can STAG, which (according to its website) has 3 offices (in Victoria, Australia, Shanghai, and Singapore), 2 manufacturing plants and a strength of over 90 people, be in the same leaque as Kingsmen? STAG's Singapore office is situated in a shophouse at 75 Kim Yam Road.....
http://www.streetdirectory.com/asia_trav...e_23284/5/

I suspect STAG is more like a design house outside Australia. If so, Coach or Tiffany could have picked their designs for certain outlets, and Kingsmen could still be appointed by STAG and Coach/Tiffany as the fit-out contractor. Perhaps Musicwhiz may like to call your contact in Kingsmen to verify this point, and also where STAG stands as a competitor in Singapore and PRC.

(30-05-2011, 07:16 PM)dydx Wrote: Perhaps Musicwhiz may like to call your contact in Kingsmen to verify this point, and also where STAG stands as a competitor in Singapore and PRC.

I've dropped an email to my contact Mr. Andrew Cheng (General Manager) to confirm on STAG. Will update the thread on his reply.

Thanks dydx for sharing your thoughts on STAG.

I happened to meet a British guy, while cycling at East Coast Park way back in January, who claimed that he was in the same industry as Kingsmen. Only recently did i ask him about his work experience, & he informed that he works with CDI International, a competitor. He claims that CDI 'kicks Kingsmen's a***s', in the creative design aspect, which was why he chose to join CDI.

You may want to check out their profile, at www.cdi-world.com. But, i would like to emphasize that i've met him only once on that cycling trip. So, please take this info as you see fit!

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BTW, they do seem like a more 'genuine' competitor. (And i am vested in Kingsmen).

(31-05-2011, 01:57 PM)xlh1476 Wrote: You may want to check out their profile, at www.cdi-world.com. But, i would like to emphasize that i've met him only once on that cycling trip. So, please take this info as you see fit!

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BTW, they do seem like a more 'genuine' competitor. (And i am vested in Kingsmen).

I managed to check out CDI, and they are also listed on SGX. Below are their latest financials:-

http://info.sgx.com/webcoranncatth.nsf/V...50015AE3D/$file/CDI_Half_Year_Result.pdf?openelement

I think the results can hardly compare with Kingsmen. Half-year revenues was just $8.8 million down 46% while gross profit was down 55%. The Group registered a net loss for the HY ended Dec 31, 2010.

There was also -ve operating cash flows and -ve FCF, and the Company does not seem to have the size and scale of Kingsmen.

Any other comments/opinions are welcome!

Oops! So malu... (Next time, i'll try to dig up more info before adding!)

I would like to add, however, that this British guy was quite enthusiastic about the work environment provided to CDI staff. Something to add to the questions for the next AGM perhaps?

(31-05-2011, 02:38 PM)xlh1476 Wrote: Oops! So malu... (Next time, i'll try to dig up more info before adding!)

I would like to add, however, that this British guy was quite enthusiastic about the work environment provided to CDI staff. Something to add to the questions for the next AGM perhaps?

Which is also probably the reason why the bottom line is NOT good?
and the margin for the industry is so razor thin?