Singapore Post

[cfa]

Sounds ridiculous that a senior position is proposed, accepted and rejected all in a week.  This is afterall not a class monitor position.My guess, most likely someone more powerful like temasek objected the appointment.      

Interesting. Is the seat too "hot"?  

SingPost shares fall as chairman designate says no to top job

SINGAPORE (April 7): Shares in Singapore Post have fallen as much as 4.3% to $1.56 on Thursday.

The stock’s steepest decline in about a month coincides with news that its chairman designate Low Teck Seng has changed his mind about taking the job, citing time constraints.

SingPost says the board has accepted Low's decision.
...
http://www.theedgemarkets.com/sg/article...no-top-job

I think we all can agree that "time constraints" is definitely not the real reason.

We wont know the real reason, probably some power grab going on in the board

He discovered more skeletons in the closets ?

[fatpudge]

sold my Singpost at $1.58 this morning which was bought in June 2009. A tidy 76% capital gain. Reinvested into
CapitaRetail China
Hong Leong Finance
IREIT Global
Frasers Hospitality Trust

[CityFarmer]

It is a direct competition with SingPost POPstation service...

(not vested)

Nationwide parcel locker network in the works
28 Apr 2016 09:00
By Yasmine Yahya and Jeremy Koh

It is a common headache for both online shoppers and deliverymen - the eagerly awaited parcel arrives but nobody is at home to receive it.

There are plans to solve this problem by placing lockers near people's homes, Deputy Prime Minister Tharman Shanmugaratnam said yesterday, adding that Singapore would likely be the first country to do this nationwide.
...
Source: Straits Times

[opmi]

Put the lockers under the MRT tracks.

Public security will be a concern. Same rationale that took away all the rubbish bins near MRT entrances.

[thor666]

It is a direct competition with SingPost POPstation service...

(not vested)

Nationwide parcel locker network in the works
28 Apr 2016 09:00
By Yasmine Yahya and Jeremy Koh

It is a common headache for both online shoppers and deliverymen - the eagerly awaited parcel arrives but nobody is at home to receive it.

There are plans to solve this problem by placing lockers near people's homes, Deputy Prime Minister Tharman Shanmugaratnam said yesterday, adding that Singapore would likely be the first country to do this nationwide.
...
Source: Straits Times

Hi cityfarmer, the G may yet commission singpost to do this work.

Mayhaps it was a reason for ceo wolfgang to step down.. As you mentioned it is a conflicting service.


Sent from my LG-H818 using Tapatalk

[cyclone]

New Chairman.

Singapore Post Limited today announced that Mr Simon Israel has accepted its invitation to become the Chairman of SingPost with effect from 11 May 2016. The appointment has received the relevant regulatory approvals.

Mr Israel, 63, is Chairman of Singtel and a Director of CapitaLand Limited, Fonterra Cooperative Group Limited and Stewardship and Corporate Governance Centre Pte. Ltd. He is a member of the Governing Board of Lee Kuan Yew School of Public Policy and Westpac’s Asia Advisory Board. Mr Israel was formerly Chairman of Asia Pacific Breweries Limited.

He was an Executive Director and President of Temasek Holdings (Private) Limited before retiring on 1 July 2011. Prior to that, he was Chairman Asia Pacific of the Danone Group. Mr Israel has also held various positions in Sara Lee Corporation before becoming its President (Household & Personal Care), Asia Pacific.

[TTTI]

New Chairman.

Singapore Post Limited today announced that Mr Simon Israel has accepted its invitation to become the Chairman of SingPost with effect from 11 May 2016. The appointment has received the relevant regulatory approvals.

Mr Israel, 63, is Chairman of Singtel and a Director of CapitaLand Limited, Fonterra Cooperative Group Limited and Stewardship and Corporate Governance Centre Pte. Ltd. He is a member of the Governing Board of Lee Kuan Yew School of Public Policy and Westpac’s Asia Advisory Board. Mr Israel was formerly Chairman of Asia Pacific Breweries Limited.

He was an Executive Director and President of Temasek Holdings (Private) Limited before retiring on 1 July 2011. Prior to that, he was Chairman Asia Pacific of the Danone Group. Mr Israel has also held various positions in Sara Lee Corporation before becoming its President (Household & Personal Care), Asia Pacific.

Finally a good development for singpost
Experienced and looks like a steady set of hands
Remains to b seen what singpost has to offer that's different from the wolfgang era

E-commerce is definitely the new focus for Singpost now
I will be studying this company soon as there is a clear moat for the company, but the price must be attractive


https://thumbtackinvestor.wordpress.com/

[axt]

MEDIA STATEMENT: MR SIMON ISRAEL'S APPOINTMENT AS SINGPOST CHAIRMAN
Prior to Mr. Israel accepting the appointment, the Singtel Board reviewed his invitation to
serve as SingPost Chairman and is of the view that he has the capacity to take on this role
without compromising his commitments to Singtel. In reviewing Mr. Israel’s appointment,
the Board noted the importance of SingPost as a public institution, Singtel's investment in
SingPost and support for its ongoing transformation. Mr. Israel has joined at the invitation
of SingPost and is not a nominee of Singtel.
As a substantial shareholder in SingPost, we are pleased to see that SingPost’s Corporate
Governance Review, Board renewal and CEO appointment is being progressed.
Issued by Singapore Telecommunications Limited on 5 May 2016.

http://infopub.sgx.com/FileOpen/Media%20...eID=403169

So Sing Post new Chairman is also the Chairman of Singtel. And with Singtel being the biggest shareholder of Sing Post, is it possible that Sing Post will be takeover by Singtel in the future?

[BlueKelah]

doesnt make a difference, all the big things are owned by our LEE family lah

[CityFarmer]

New Chairman.

Singapore Post Limited today announced that Mr Simon Israel has accepted its invitation to become the Chairman of SingPost with effect from 11 May 2016. The appointment has received the relevant regulatory approvals.

Mr Israel, 63, is Chairman of Singtel and a Director of CapitaLand Limited, Fonterra Cooperative Group Limited and Stewardship and Corporate Governance Centre Pte. Ltd. He is a member of the Governing Board of Lee Kuan Yew School of Public Policy and Westpac’s Asia Advisory Board. Mr Israel was formerly Chairman of Asia Pacific Breweries Limited.

He was an Executive Director and President of Temasek Holdings (Private) Limited before retiring on 1 July 2011. Prior to that, he was Chairman Asia Pacific of the Danone Group. Mr Israel has also held various positions in Sara Lee Corporation before becoming its President (Household & Personal Care), Asia Pacific.

Finally a good development for singpost
Experienced and looks like a steady set of hands
Remains to b seen what singpost has to offer that's different from the wolfgang era

E-commerce is definitely the new focus for Singpost now
I will be studying this company soon as there is a clear moat for the company, but the price must be attractive


https://thumbtackinvestor.wordpress.com/

The new Chairman, is definitely a big plus to SingPost, especially during a era of active M&A. Mr Simon Israel has a proven track record, which at least will ensure a proper process in DD. The previous board, was doing the DD, without a proper processes, which is riskier, IMO.

(not vested)