Kingsmen Creatives

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Company response

The Directors’ fees of S$263,603 for FY2021 are higher compared to the corresponding amount of S$205,750 for the financial year ended 31 December 2020 (“FY2020”), as in FY2020, the Executive Directors and Independent Directors had voluntarily taken a 30% and 15% reduction in their Directors’ fees respectively. There were no such reductions in FY2021.
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(22-04-2022, 11:03 AM)Yoyo Wrote: Company response

The Directors’ fees of S$263,603 for FY2021 are higher compared to the corresponding amount of S$205,750 for the financial year ended 31 December 2020 (“FY2020”), as in FY2020, the Executive Directors and Independent Directors had voluntarily taken a 30% and 15% reduction in their Directors’ fees respectively. There were no such reductions in FY2021.

Hello Yoyo, Respectfully ….you may want to yoyo back to the previous page and review Post # 1258 submitted by weijian.

Vested
RBM, Retired Botanic MatSalleh
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Looked into Kingsmen’s AGM this Morning. Chairman Ben and CEO Andrew did the talking, the Finance Controller second’ed motions. The Q&A’s already disclosed were not repeated, so the focus was on Andrew’s Presentation of Kingsmen’s revised Strategic Direction and the Poll results of Resolutions. Good quality video link, very clear sound (unlike some other AGM’s).

From Andrew’s McKinsey’ish presentation, I conclude that Kingsmen aims to go upmarket and to be more aligned with the digital era we now live in. I hope I’m wrong but I fear that, if this is Kingsmen’s key push going forward, their Competition (e.g. Pico FE) has already taken a march on them.

As to voting, all Resolutions passed comfortably, although ~9.1/2 Million shares were voted against the Share Issue resolution and >3 Million shares against the Director Fees resolution. And the long standing Independent Director Re-Election resolution, from which Directors & Mgmt abstained, passed by a ratio of ~7:1, with >3 Million shares voting against. No resolutions passed unanimously - I sense unanimous votes at Kingsmen AGM’s are a thing of the past. The above is just my personal take.

Vested, for some time.
RBM, Retired Botanic MatSalleh
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I am still waiting for Ben and Simon to retire..
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(28-04-2022, 05:17 PM)dydx Wrote: I am still waiting for Ben and Simon to retire..

An observation: Simon did not say a word at this morning’s AGM. He was offsite, only raised his arm when Ben introduced the (predominantly Executive) Directors. Today’s AGM was a “Ben & Andrew” show….. in years gone by AGM’s were a “Ben & Simon” show.

Vested
RBM, Retired Botanic MatSalleh
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Valuation wise I reckon Pico is as cheap, while with better business model & more shareholder friendly Management.
Hence if it's feasible, why not, switching over to Pico.
I fully switched over 2 years back and never look back.
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
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Back when the company announced its 1HFY2022 earnings for the six months ended June, it had total contracts worth $284 million as at July 2022, of which $247 million is expected to be recognized in 2022.

https://www.theedgesingapore.com/capital...ion-osakas
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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