Straco Corporation

[value:search]

The management just fired the second salvo... another 125 lots of purchase at $0.76. Mr Lim Song Joo (Independent Director & Chairman of audit committee) also exercised 300 lots of option. It's pretty obvious that the management is in the defensive mode now... With the relatively low trading volumes, it can be quite easy for them to incrementally defend the price from sliding in large quantum...

[Art or Science]

Old news. 40% of the visitors in 2013 were actually locals. Guess the question is sustainability for flyer. I doubt ppl who have been there would want to visit the Flyer again unless there are other attractions. Because of the Zouk element, this deal reminds me of Germany where they have Volkfest - a combination of beer festival and amusement parks ..

Like some VBs have mentioned, think its better to wait for Straco to unfold its plans..

http://www.asiaone.com/print/News/Latest...Bdraw.html

[specuvestor]

I wonder if the 40% is calculated as those who actually took the flyer or went there to eat lunch when the parking was free

I think the Flyer has a coastal stretch that is also underutilised. Problem with the view is that the MBS Skypark is much more open and relaxing. They need to have more foot traffic and activities there (ahem accessibility) which is why I thought if Zouk going there would be a great addition.

[Greenrookie]

I agreed the place is underutilised.

I wonder why no pubs at FLyer overlooking the waters?

I wonder no family events held there, the big area beside the sea.

National Day came and go... Wasted...

Water sports events? VIP cabin at Flyer? Dragon boat races??/ Mid-autumn coming, special theme cabin? Followed by a lantern festival both on land and on water???

I mean, the ex-management super boring La....

[Belg]

I agreed the place is underutilised.

I wonder why no pubs at FLyer overlooking the waters?

I wonder no family events held there, the big area beside the sea.

National Day came and go... Wasted...

Water sports events? VIP cabin at Flyer? Dragon boat races??/ Mid-autumn coming, special theme cabin? Followed by a lantern festival both on land and on water???

I mean, the ex-management super boring La....

Bro, I do not see that the ex management is super boring.

Thing is, they might be borrowing up to their helm and their monthly payable interest can kill them when their flyer paying patron cannot cover back. Also, I do not see STB or any other gov bodies taking an active role in working with the ex-management to try to work things out.

Hopefully, straco goes in with their eyes wide open, bringing in STB to actively carve out a path with lessons learnt from yesteryear management. It might be a long but rewarding journey if it really materialize.

[Tiggerbee]

CIMB customers had been selling yesterday. I figured it was probably due to the analyst report from CIMB.

[Tiggerbee]

A big seller is selling over 2600 lots in the open market at 75-76c. So far, over 1100 lots had been absorbed by buyers. It doesn't appear to be institutions selling the stock as they normally will not offload such quantities in the open market. It's also quite surprising to see buyers snapping up the stocks at 75c. Looks like a married deal in the open market. LOL..

[greengiraffe]

CIMB has probably burnt their bridge to Stratco already...[/b]

[b]

CIMB customers had been selling yesterday. I figured it was probably due to the analyst report from CIMB.

[valuebuddies]

Though I personally think that the flyer deal is somehow beneficial to Straco, but I would rather stay aside for now as the PE of 18 times is simply not that convincing. I am not going to predict the future of the company base on the growing numbers of tourists to the aquarium in the past years; and the new flyer just added more uncertainty. So in short, more MOS for me.

[ not vested ]

[value:search]

The management just fired the second salvo... another 125 lots of purchase at $0.76. Mr Lim Song Joo (Independent Director & Chairman of audit committee) also exercised 300 lots of option. It's pretty obvious that the management is in the defensive mode now... With the relatively low trading volumes, it can be quite easy for them to incrementally defend the price from sliding in large quantum...

The market is getting more interesting.. Straco just fired the third salvo... expanding to 500 lots purchase at between $0.745 & $0.76. It looks like the management will try to scoop-up whatever shares that non-believers throw-out. Without the intervention and the fact that this counter has relatively low transaction volumes, the share would have been battered more severely... If more and more investors think it is time to take profit, we will see the buying-in happening at lower & lower price. Let's watch how low the share price will slide... Personally, I do think Straco is now trading at a premium... perhaps it has the potential for another 15% ~ 20% decline in the short term until management comes-out with a solid rejuvenation plan for the flyer. (Not vested)