Kingsmen Creatives

[RBM]

Thank you for your post cif5000. In writing my earlier post, I'll admit that I actually thought about some of the questions you raise so clearly. But the problem is that no one other than Kingsmen's most senior insiders will know the answers. For the avoidance of any possible doubt, I do not pretend to know the answers .............. but it does look like the AC exercised its independence and I'm comforted by the performance of Lee Hock Lye and his two independent non-Exec Board Member colleagues on the AC.

Having sat on the Audit Committee of a listed company in years gone by, my assessment is that Kingsmen's AC discharged its responsibilities properly and appropriately.

But can that be said of the management?

In the announcement, the letter sent by E&Y was a "confidential" one. Does that mean that the content or even the letter before it was sent was not known to the board/management? If the board/management knew, why didn't it call for a halt on Friday or earlier? And if they didn't, then could it be that the announcement was made from the board/management's perspective? And could that be the explanation for the time they needed to craft that announcement?

The consensus seems to be that the management is innocent. In investing, I believe the approach of "guilty unless proven innocent" is more prudent.

[Musicwhiz]

The consensus seems to be that the management is innocent. In investing, I believe the approach of "guilty unless proven innocent" is more prudent.

Since the case is now with the CAD and MOF, perhaps we should wait till they investigate it fully before arriving at conclusions. No point coming up with so many questions and elaborate and detailed conspiracy theories without sufficient evidence of either innocence or guilt.

I would strongly recommend that we let the relevant authorities deal with the case, and focus back on the business itself.

[cif5000]

The consensus seems to be that the management is innocent. In investing, I believe the approach of "guilty unless proven innocent" is more prudent.

Since the case is now with the CAD and MOF, perhaps we should wait till they investigate it fully before arriving at conclusions. No point coming up with so many questions and elaborate and detailed conspiracy theories without sufficient evidence of either innocence or guilt.

I would strongly recommend that we let the relevant authorities deal with the case, and focus back on the business itself.

For the record, I am not saying that the management is guilty.

[Drizzt]

The consensus seems to be that the management is innocent. In investing, I believe the approach of "guilty unless proven innocent" is more prudent.

Since the case is now with the CAD and MOF, perhaps we should wait till they investigate it fully before arriving at conclusions. No point coming up with so many questions and elaborate and detailed conspiracy theories without sufficient evidence of either innocence or guilt.

I would strongly recommend that we let the relevant authorities deal with the case, and focus back on the business itself.

For the record, I am not saying that the management is guilty.

no but all your post seem to be stating you want to lead us to think that the management have some part to play in this crazy conspiracy.

anyone who have been in management would know that risk events like this not everyone would have adequately plan for the right communications.

[CityFarmer]

IMO, a vibrant forum needs someone be a devil advocate, otherwise one-sided views are boring, isn't it?

We can always argue it away if the devil is overly done

(vested)

[yeokiwi]

All considerations must begin with the ugliest scenario. Everything is possible under the sun.
But with more info and analyses, an investor can slowly recreate scenario that matches the incoming information.

That is for those that intend to hold on based on their past understanding of the company and management. For those that know nuts about the company, the best option is still to sell away.

[l0nEr]

Anyway, I emailed Kingsmen's IR and im pretty surprised they actually replied.
Email info@kingsmen-int.com if you need. cheers

[Musicwhiz]

Back to focusing on the business once again. Here's some news on a new theme park to open in Sentosa in 2015 called Kidzania.

The Straits Times
www.straitstimes.com
Published on Jan 24, 2013
Kidzania, a "city" run by kids, to open on Sentosa in 2015

By Ng Kai Ling

A new theme park on Sentosa where children can role play in different jobs in their own miniature city will open in 2015.

Called Kidzania, the $90 million park will allow children aged four to 14 to "work" in a local bank, transport company or hospital. They will be able to pretend to be police officers, doctors, journalists and postmen among other professions.

The idea behind the theme park is to inculcate children with values such as hard work and punctuality through play. Doing their jobs well will earn them "money" which they can then use in the "city" to for example buy food.

The park will also be have a Singaporean flavour to it with the theme park management KidZanie Singapore working with local companies. KidZanie Singapore is a collaboration between Mexican company KidZania and Malaysia's Themed Attractions and Resorts.

[dydx]

Would Walt Disney build a Disneyland in Singapore?....
http://forum.channelnewsasia.com/showthr...arina-East

If and when this happens, Kingsmen will be a direct beneficiary.

[lonewolf]

Goodness, do you even read the thread in the link you posted?? According to people in CNA forum, the news was from 2006.

Of cos, we can't always take news from forum at face value (including this one!), so I decided to dig a little further and zero in on the following sentence to put a timeline to the report: "And last year, the 3.55 hectres of land from the new Marina Bay Downtown was sold off to conglomerates at S$1.8 billion."

A group comprising of Cheung Kong Holdings Ltd., Keppel Land Ltd., and Hongkong Land Holdings Ltd won the land parcel in 2005 for S$1.8 billion. So 'last yr' in the 'Disneyland post' will make the article indeed 2006.

[ AWARD OF TENDER FOR THE BUSINESS AND FINANCIAL CENTRE SITE AT MARINA BOULEVARD / CENTRAL BOULEVARD ] (Note: Choicewide Group Limited, which is co-owned by Cheung Kong (Holdings) Limited and Hutchison Whampoa Limited, Sageland Pte Ltd which is owned by Hongkong Land Holdings Limited, and Bayfront Development Pte Ltd is owned by Keppel Land).