Singapore Press Holdings (SPH)

[Dividend Warrior]

Singapore Press Holdings Ltd's wholly-owned subsidiary, SPHere Exhibits Pte. Ltd., has purchased 4,000 shares in Beerfest Asia Pte Ltd from Timbre Group Pte Ltd, representing 40% of the share capital of Beerfest, at the consideration of S$480,000. Timbre will thereafter hold 40% in Beerfest. The remaining 20% will be held by individuals.

[Dividend Warrior]

SINGAPORE Press Holdings (SPH) says its wholly-owned subsidiary - which it did not name - is the lead investor in a US$10 million (S$12.5 million) round of funding in Magzter Inc, the world's largest and fastest-growing self-service digital magazine store and newsstand.
Its co-investor in the Series B funding is Kalaari Capital, a venture capital fund investing in global technology-oriented companies.
Deborah Lee, SPH's executive vice-president of Corporate Development, said: "Investing in Magzter Inc is an opportunity for us to enter into yet another new platform for content delivery and is part of our strategy to enhance content creation and distribution."

(Vested)

[CityFarmer]

Analyst report from Lim and Tan Securities on SPH 1Q result.

-----------
 SPH has reported its results for the 1QFY14.
Revenue for the Group’s Newspaper and Magazine
business of $255.9 mln was 2.9% yoy lower as
advertisement and circulation revenue declined by
2.8% and 4.7% respectively.
 On the other hand, revenue for the Property
segment rose by 5.4% yoy to $50.8 mln on the back
of higher rental income from Paragon and The
Clementi Mall.
 1QFY14 net profit of $88.8 mln (net of SPH REIT’s
profits attributable to non-controlling interests) was
6.6% yoy lower, mainly due to reduced earnings
from the Newspaper and Magazine business as well
as increased finance costs arising from additional
borrowings undertaken on the establishment of SPH
REIT.
 Management said that the development of The
Seletar Mall is expected to be completed on
schedule at the end of 2014.
 Given the lackluster results, consensus remains
Neutral on the stock, supported by decent yield of
about 5.5%.

Ref: http://remisiers.org/cms_images/research...115_LT.pdf

[opmi]

strange that no one posted this.

Another Internet dud investment in the making.....making it 3 in a row.....buy at wrong time.

Singapore Press Holdings (SPH) - a listed media group - has agreed to buy online motoring website sgCarMart.com for up to $60 million.

The takeover will allow SPH to buy all of sgCarMart's issued shares as well as its subsidiary Quotz - an online auction platform. The final price is based upon performance targets and will be paid in cash.

Alan Chan, Chief Executive of SPH, said that the new acquisition will have new income streams for SPH The acquisition will also see SPH to own 45 percent of online marketing portal Conversion Hub Marketing and 30 percent of SCMC - a service provider for car loan, insurance and settlement services. Conversion Hub Marketing and SCMC are both associate companies of sgCarMart.

sgCarMart started as an online classifieds website that eventually rose to become a one-stop website for anything related to the local automotive industry - including information on car loans, valuation and insurance. The website also houses a motor workshop directory, editorial content and a car forum.

sgCarMart has about 10,000 listings, and draws more than 2.5 million visitors who make about 30 million page views each month. sgCarMart posted a net profit of $2.3 million on a revenue of $5.5 million for its 2011 fiscal year.

sgCarMart was founded by three friends back in 2004 - Vincent Tan, Tan Jinglun and Seah Hon Hui - when they were students at the National University of Singapore. The trio, now 32 years of age, will continue their duties at sgCarMart after the acquisition.

Alan Chan, Chief Executive of SPH, cited there will be collaborations between sgCarMart and SPH's own ST701 online classifieds platforms.

Besides the three founders, one of sgCarMart's shareholders include JDB Investment.

[kbl]

Good evening everyone.

SPH reports 7.5% rise in Second Quarter Net Profit to $81.3 million.

Declared an interim dividend of 7 cents per share.

http://infopub.sgx.com/FileOpen/PressRel...eID=291214

<vested-oldpot><not a call to buy or sell>

[Greenrookie]

I think SPH numbers taking away the one-off gain is quite horrible.

[Image: sph2q4.jpg?w=690&h=203]

I did a short write-up at sillyinvestor.wordpress.com:

Operating profits include the recurring media AND property business, property income exclude valuation gains but is before accounting for minority interest.

So, we can see the media business is still deteriorating.

Property income is stable and growing, but after accounting for minority interest, will still be a falling number, not enough to offset the fall in media business.

Display advertisement fees is still very weak, and although Singapore has some quarters of strong GDP from 2Q 2013, it does not show in the advertisement revenue generated. All segments of advertisements show weakness.

Without the one off gain from the partial disposal of 701 stake, Q2 numbers will be horrible.

Well, the only thing to look forward to is the Seletar mall which will be complete in December 2014 and start to contribute in 2015.

SPH should have no problem maintaining the dividends in the short run, but if the deterioration does not stop, even with stronger economic numbers, then either they have to go big in property development, or they need operate even more cost efficiently, or they could raise the ASP of papers. 19 mio annual savings, if you ask me, is not really significant.

The weird thing is: There is a research report saying SPH might test $4.4 in the coming weeks. Hmm… I would start shorting SPH if it does go to $4.4, hahahaha

[CityFarmer]

The weird thing is: There is a research report saying SPH might test $4.4 in the coming weeks. Hmm… I would start shorting SPH if it does go to $4.4, hahahaha

You may be right. Base on the latest The Edge, which refer to Markit data, SPH was the most shorted Singapore equities. The shorted interest was close to 10% of total shares.

(not vested)

[Dividend Warrior]

The weird thing is: There is a research report saying SPH might test $4.4 in the coming weeks.

Maybe because Seletar Mall is coming soon.

[Image: The-Seletar-Mall-030514-01.JPG]

[Dividend Warrior]

Seletar Mall is coming along nicely.

[Image: The-Seletar-Mall-220614-01.JPG]

[Drizzt]

if you want to keep posting useless pictures, can you not resize it so that it doesnt jam up the whole forum. what is the use of putting this here.