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The comments are like broken records. The posts also tend to degenerate. I'll close this thread.
Just let time reveal the truth whose thesis is right whose thesis is wrong.
The truth will also enrich our investment knowledge.
Sit tight for the show. Thanks for the contributions.
Specuvestor: Asset - Business - Structure.
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Thread closed.
Specuvestor: Asset - Business - Structure.
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Latest update from the company. The thread is re-opened for discussion.
Regards
moderator
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SPONSORSHIP OF NEW SERIES OF VARIETY TALK SHOW TO CATAPULT
GARDEN FRESH BRAND EQUITY TO GREATER HEIGHTS
• Garden Fresh to be title sponsor of Informal Talks variety show
• Broadcast for Season 2 commenced on 11 December 2015
• Garden Fresh brand accorded “Top 10 Strategic Collaboration Brand with Hubei
Satellite Channel”
• New sponsorship programs expected to enhance brand visibility through multiple TV
channels and media platforms
...
http://infopub.sgx.com/FileOpen/NEWS%20R...eID=382497
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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16-12-2015, 10:05 PM
(This post was last modified: 16-12-2015, 10:06 PM by Behappyalways.)
The CB issue will eat up the company if the company could not find the $$$ to pay off the amount. The interest on the CB will also accrue interest and soon this amount will be significant as the company stops growing. The parasites consume the host.
One way I can think of is to issue shares to the CB holders but at what price. The shareholders will be worse off with new shares flooding the market as the CB holders try to recoup their capital from the stock market.
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If the CB can be redeemed once and for all, alot of skepticism will dissipate
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ah sino grandness. the gift that keeps on giving.
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This should cast off any doubts that the company cash coffers are empty. As i mentioned before, tv sponsorships are expensive. One way to build up sales is to go for growth at initial stage with minimum advertising spending. Once saturated, tv and internet advertising have to come in. That's the path garden fresh is following
One good example, will be Bolon (Sunglass brand) emerging in China. You guys can google this brand.It got to this place, by the above strategy. Likewise, many growth companies are the same.
Personally,I do not see any issues with CB/IPO. As long as the company keeps growing at a pace faster than the interest rates, the IPO is going to fetch richer valuation even if it is not going to happen in the near future.
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Garden Fresh is now being distributed in Hong Kong by Hing Sang, which is listed on the Hong Kong Stock Exchange.
Page 98 of Hing Sang's IPO prospectus states:
"We understand that both the variety of products and the network of brand proprietors (who are mainly manufacturers) are essential to our long-term success as a brand manager in Hong Kong. Hence, we have adopted a stringent approach in the selection and sourcing of brand proprietors and brands as follows:
(i) conducting a preliminary check on the brand proprietor’s credentials to ascertain their
background and goodwill and estimate the projected sale of a particular product manufactured and/or supplied by it. The selection criteria for potential brand proprietors are based on factors such as: (a) whether the target brand proprietor is carrying on a business which is in the same industry as or complementary to the business of our Group; (b) the profitability and/or sustainability of the brand proprietor’s business; © the brand proprietor’s reputation in the industry; and (d) the prospect of expanding the market share of our Group in the target region; and
(ii) interviewing frontline salespeople and retail outlets in Hong Kong, such as individual
retailers and chain retailers, so as to gather more updated information on, inter alia,
consumers’ preferences on the kind of products, and the quality and safety of the products
manufactured and distributed by them."
In Hong Kong, Garden Fresh is now being sold in stores of Wellcome, 7-eleven, ParknShop and Taste (which is a subsidiary of Watson).