The Hour Glass

[crabcrab]

Instead of the quote by Patek Phillipe, "You don't actually own a Patek Phillipe watch, you are merely looking after it for the next generation". So perhaps, why the shares are thinly traded and tightly held? The very few who knows the company well would probably not selling it in their life time and look after it for their next generation too... & haha, people who own this stock likely are people who got taste

I am new to the company and also to luxury market. At a glance on previous posts, it should be a worthy company to monitor

But I am always skeptical, when "emotional" value was tagged along with a company.

(not vested)

Emotion does not equate to rationality. As the macro economy changes, perception of these people may change. But as of now, perhaps little..

[blah]

Hello all, first post on this forum here. Glad to see many useful and informative posts.

I chanced upon THG only after the AGM, and am therefore unfortunate to miss the annual meeting with mgmt. No chance I'll be on their mailing list as a customer as well, so I'm hoping someone would share what went on during the AGM.

In particular, I'm curious to know the arrangement with Parmigiani and Ulysse Nardin. Mono-brands are expensive to run, I wonder what's the revenue and cost agreement THG has with the independents?

Is there info. on how the Malmaison is performing relative to the other watch outlets?

Cortina appears to be adopting a different strategy altogether, partnering with Patek Philippe to run mono-brands e.g. Anyone knows what's the arrangement like?

Lastly, any THG/Cortina customer out there willing to share what customer relationship management initiatives mgmt does to keep in touch?

Many thanks in advance!

[cyclone]

Stock Split :

The Hour Glass Limited (the “Company”) wishes to announce that the Company is proposing to sub-divide each ordinary share (“Share”) in the issued share capital of the Company into three Shares (the “Sub-Division”).

As at the date of this Announcement, the Company has 235,003,960 issued Shares, none of which are treasury shares. Following the implementation of the Sub-Division, and assuming that there is no change in the number of issued Shares from that as at the date of this Announcement, the Company will have 705,011,880 issued Shares immediately after the Sub-Division, which Shares shall rank pari passu with each other. Shareholders of the Company (“Shareholders”) are not required to make any payment to the Company in respect of the Sub-Division.

[dydx]

An interesting and likely also market-value enhancing capital restructuring exercise…..
http://infopub.sgx.com/FileOpen/Subdivis...eID=313381

For sure, the proposed 1-into-3 sub-division of existing issued shares will improve market liquidity and shareholder spread over time. Would this exercise raise THG's market cap by say 10%?

[greengiraffe]

good try but loyal holders won't sell simply because they have more shares...

[brattzz]

How much does it cost to a co. to do a stock split/bonus share/share consolidation procedure?
this stock split of 1 into 3, will cause the share price to correct, $1.82/3 = 60 cts?

Let see how Mr Market values it!

2. RATIONALE FOR THE SUB-DIVISION
The Sub-Division is expected to be beneficial to the Company and Shareholders for the following reasons:

(a) the reduced price of each Share following the Sub-Division will increase the affordability of the Shares and hence encourage greater participation by smaller investors, as well as provide greater trading flexibility for existing smaller investors;

(b) by improving the accessibility of an investment in the Company to more investors, it will broaden the shareholder base of the Company; and

© it is likely to enhance the market liquidity of the Shares over time.

[dzwm87]

Weird given board lot will be reduced to 100 by Jan 2015, making the minimal investment to be $182 per lot on pre-split price. Now, it's going to cost $60 instead. I don't think $182 and $60 will make a lot of difference.

[crabcrab]

The last time 1 for 1 share split, the share price double... & now 3 for 1 share split, will the share price double again??

[greengiraffe]

quadruple buddy

The last time 1 for 1 share split, the share price double... & now 3 for 1 share split, will the share price double again??

[Big Toe]

Hour Glass is not Berkshire Hathaway.
One share is about SGD1.80 not >USD200 000
A share split in this case is totally meaningless and a waste of resources.

But the king of issued shares floating in the market is not THG, it is Genting.
there is probably enough in the market for every single person living on this planet to own one share.