Posts: 763
Threads: 18
Joined: Apr 2012
Reputation:
18
28-08-2014, 07:36 AM
(This post was last modified: 28-08-2014, 07:39 AM by Greenrookie.)
Actually to off track a bit,
I find the Singapore flyer area to hold great potential. Not just in terms of Zouk.
I think there is definitely mismanagement of retail space and events.
The shops there hardly appeal to u to stay a little longer after you finished your ride.
The F&B there hardly make use of the beautiful river view.
There are plenty of open spaces there will be scenic, but they never really hold any events.
Underutilization of space, the walk from the carpark to the flyer is ......
Not from the lens of a investor but a consumer
From the money point of view, if u can cut through the govt red tapes and allow sponsor to name and advertise on the flyer... That will be a inflow of advertisement money without worrying about visitors traffic.
( not vested )
life goes in cycles, predictable yet uncontrollable; just like the markets, but markets give you a second chance
Posts: 322
Threads: 3
Joined: May 2014
Reputation:
4
Maybe an aquarium plus a wax and trick eye museum haha.
Using Tapatalk
Posts: 3,945
Threads: 5
Joined: Mar 2011
Reputation:
14
It could be due to the "fengshui" factor. Hopefully, all these factors have been taken into account. Certain locations could have a lot of "sha qi" and naturally put consumers off.
Let's see if Straco will create more cash or burn cash..
(28-08-2014, 07:36 AM)Greenrookie Wrote: Actually to off track a bit,
I find the Singapore flyer area to hold great potential. Not just in terms of Zouk.
I think there is definitely mismanagement of retail space and events.
The shops there hardly appeal to u to stay a little longer after you finished your ride.
The F&B there hardly make use of the beautiful river view.
There are plenty of open spaces there will be scenic, but they never really hold any events.
Underutilization of space, the walk from the carpark to the flyer is ......
Not from the lens of a investor but a consumer
From the money point of view, if u can cut through the govt red tapes and allow sponsor to name and advertise on the flyer... That will be a inflow of advertisement money without worrying about visitors traffic.
( not vested )
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
Posts: 36
Threads: 1
Joined: Aug 2014
Reputation:
0
Whther the deal is positive/negative depends on the deal made between management and JV partners and STB. Hope this attraction does not fail the second time. lol
Posts: 2,278
Threads: 78
Joined: Oct 2010
Reputation:
34
28-08-2014, 12:54 PM
(This post was last modified: 28-08-2014, 12:55 PM by Nick.)
1) Straco has $100 million cash and a further $21 million deposited for tendering this project. So, in total, it has over $120 million cash to finance this M&A. We have no idea what the acquisition price is but I do expect a mixture of equity and debt to finance it.
2) This is a 90:10 JV judging by the tender deposit break down. Possible partners could be Zouk, China Poly Group (Straco SSH), Temasek, STB etc.
3) Mr Wu has a 56% stake in the Company and faithfully build up its cash hoard to over $120 million since listing a decade ago. In this period, it has only made 1 M&A - Xiamen Underwater World in 2007 - and today, its NPAT is equivalent to the acquisition price then. Management could have used the bulk of the cash to declare a special dividend entitling Mr Wu to over $50 million but he has chosen to invest in Singapore Flyer. So I suspect this could be a very good deal since a very savvy and conservative man is willing to agree to it haha. We have to wait and see for more details.
I remain vested.
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
Posts: 2,744
Threads: 23
Joined: Mar 2013
Reputation:
25
So cash in PRC can take out or not?
Sent from my iPhone using Tapatalk
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Posts: 2,278
Threads: 78
Joined: Oct 2010
Reputation:
34
(28-08-2014, 02:02 PM)opmi Wrote: So cash in PRC can take out or not?
Sent from my iPhone using Tapatalk
What's so difficult about taking out cash from China ? Easiest thing to check is to see how much withholding tax the Group is paying.
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
Posts: 2,744
Threads: 23
Joined: Mar 2013
Reputation:
25
Then osim got no problem taking out too?
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Homepage
PR Newswire
