Boardroom

[Drizzt]

it seems they are burning capital and we do not see much gain.

[camelking]

it seems they are burning capital and we do not see much gain.

Tough business to be in...
Rising rental and labour costs with a lot of competition with no product differentiation.
There are lot of 2nd and 3rd tier competitors that can provide the same services (accounting, secretarial and etc) at much lower costs.
And when the clients are big enough, they employ their own staff...

[freedom]

Boardroom does have some advantages. provide accounting/secretarial services complementing its share registry business. one-stop shop for SMEs?

[portuser]

My understanding is that Boardroom's clients are mainly listed companies.

[camelking]

Boardroom does have some advantages. provide accounting/secretarial services complementing its share registry business. one-stop shop for SMEs?

SME can't afford them. For secretarial fees, customers are listed co...For accounting, mainly small MNCs.

Nothing stopping their clients from switching to legal firms or cheaper 2nd tier providers....

IPO market is dead too...

[piggo]

On 22 January 2014, the Offeror effected a direct business trade with
Third Avenue Management LLC, which serves as an investment adviser to Third Avenue
International Value Fund, to acquire in aggregate 19,396,784 Shares, representing
approximately 10.35 per cent of the Shares, for a cash consideration of S$0.575 per Share.

http://infopub.sgx.com/Apps?A=COW_Corpor...cement.pdf

[butcher]

Boardrooms clientele are mainly big corporates who are willing to pay high fees for presumed better quality services.
Also they provide comprehensive range of services from accounting, corporate secretarial to internal audit etc.
good fees to be earned

[cyclone]

Proposed Acquisition of (i) Symphony Corporatehouse Sdn. Bhd. and Its Subsidiary, Sky Corporate Services Sdn. Bhd., (ii) Symphony Share Registrars Sdn. Bhd. and (iii) Malaysian Issuing House Sdn. Bhd.

Highlights :
1. Boardroom Limited has entered into a conditional share sale agreement with Symphony House Sdn Bhd on 13 July 2018 for the proposed acquisition of (i) Symphony Corporatehouse Sdn Bhd, and its subsidiary Sky Corporate Services Sdn Bhd, (ii) Symphony Share Registrars Sdn Bhd, and (iii) Malaysian Issuing House Sdn Bhd (the "Symphony House Subsidiaries")
2. Boardroom Limited, together with the Symphony House Subsidiaries, will command an industry-leading combined market share in the share registry, corporate secretarial, and outsourced corporate services sector in Malaysia, paving the way for more growth opportunities in the Asia-Pacific
3.. The purchase consideration is RM164.14 million (approximately SGD55.64 million) in which 75 per cent of the consideration will be paid in the form of Cash while approximately 25 per cent of the consideration will be paid in the form of issuance of 16,000,000 new ordinary shares in the capital of the Company at an issue price of S$0.865 per share to Symphony House Sdn Bhd
4. Upon completion, Symphony House Sdn Bhd will become the second largest shareholder in Boardroom Limited with a 7.63 per cent stake, and its Group Executive Director Dato’ Abdul Hamid Sheikh Mohamed will remain as a Group Executive Director of the Symphony House Subsidiaries.

More details in :
1. http://infopub.sgx.com/FileOpen/BRL_SGX_...eID=516363
2. http://infopub.sgx.com/FileOpen/BRL_SGX_...eID=516364

[cyclone]

Voluntary Unconditional Cash Offer for Boardroom Limited

Offer Price : S$0.88 per share in cash
Offeror : Salacca Pte. Ltd., a wholly-owned subsidiary of G.K. Goh Holdings Limited

14.3% premium over last traded price of the Boardroom shares on the SGX-ST on 3 May 2019

More details in https://links.sgx.com/FileOpen/GKGH_SGXA...eID=559761

[pianist]

88 cents look like a nice number, however in terms of valuation, worth to throw in the towel?