Kingsmen Creatives

[Bibi]

What if Patek next time have their online store? They might be able to sell cheaper without going thru 3rd parter dealer like Hour Glass. Apple have their online store and I bought my macbook from there.

[natnavi]

What if Patek next time have their online store? They might be able to sell cheaper without going thru 3rd parter dealer like Hour Glass. Apple have their online store and I bought my macbook from there.

Hi Bill, if they have they own online store, yes I would buy it from them directly online, especially if their price is much affordable. When I was staying in Europe, I bought things directly from LV and Hermès online store.

Don't get me wrong, I buy things very often online via redmart, Qoo10 and Amazon. However, I still think that when it comes to buying luxury products, it is still best done at the shop because of the overall experience you get to enjoy of being served and being pampered like a king as compared to buying it from. Their website directly.

When it comes to buying from unauthorized dealers online, their pros is the price. Though you may get it at a lower price, you will be sacrificing on the security you will get from buying from an AD.

[Dividend Hermit]

Agreed. One of the things that these retailers focus on is the customer experience and the relationship with their sales associate. Nothing beats being served with a hot cup of tea while you try on those clothes or bags or cars.

Besides Kingsmen Creative does exhibition as well,and that is where many companies showcase and announces their latest products

If their prices are 20% more than grey dealers, that's an expensive tea to drink. Just pay using Paypal and ask for refund if the item is not authentic. I have been buying all my gold coins and luxury goods online from Amazon/Ebay/Carousell. So far so good. And no issue with Paypal refund either.

[Musicwhiz]

Note that Kingsmen has started buying back shares in the Company since Dec 15, 2015 (yesterday). Purchases are as follows:-

1) 15-Dec-2015 - 275,000 shares @ $0.6241 for $171,618.20
2) 16-Dec-2015 - 250,000 shares @ $0.6364 for $159,097.78
3) Total YTD (2015) = 525,000 shares @ average of $0.6299 for $330,715.98

As a reminder, the last time Kingsmen purchased shares was back in 2008 during the GFC, when they repurchased a total of 4,802,000 shares at an average price of $0.385. There has been no record of any share buy-backs prior to 2008 (none since IPO in 2003-2007).

So it has been a good 7 years since Kingsmen executed a share buy-back. Considering there are significant headwinds buffeting the Company and that FCF generation for 9M 2015 is weak, plus they initiated a cut in their interim dividend from 1.5c to 1c back in August, the question would be >> why is the Company still spending cash to buy-back shares? Should they not be retaining cash to tide over this downturn? Or is this a signal that the Company feels its shares are undervalued?

Note that there may be a requirement to purchase shares for use in their ESOP or for their Kingsmen Share Rewards Scheme, so this could be a likely explanation.

(Vested)

[brattzz]

smart management, quite timely purchases, no matter the reason, it's the price support now...

[Art or Science]

For Vbs who may have missed and want to take a look at Pico's results (few months late though).

http://www.hkexnews.hk/listedco/listcone...707542.pdf

[Art or Science]

Just happened to read this at CNA..

Two senior management staff at Sports Hub asked to “step aside”

TODAY reports: Global Spectrum Pico managing director Mark Collins and Daphne Letourmel, who is director of contracts and compliance at Global Spectrum, respectively are leaving their positions at the consortium.

http://www.channelnewsasia.com/news/sing...59740.html

Vested

[Art or Science]

Share buy back continues: 65,000 shares @ $0.65 = $42,335.90

Total share buy back to-date: 825,000

[Art or Science]

Hope Kingsmen can win the contract(s). In any case, heard good reviews about Pororo Park, can bring your kids along

http://www.channelnewsasia.com/news/sing...77408.html

SINGAPORE: More theme parks are setting up shop in Singapore, hoping to break into the children's entertainment market here.

Apart from a Hello Kitty carnival held in October, two foreign operators are also establishing indoor theme parks in Singapore. Construction works are underway for an indoor edu-tainment centre, which is scheduled to open in April 2016 in Sentosa.

Originating from Mexico, KidZania Singapore lets children experience working life through role-playing activities.

In another theme park, children can enjoy storytelling activities with their favourite cartoon characters. Originating from Korea, the park is located at Marina Square Shopping Mall.

In its first month of operations, Pororo Park - a character-themed indoor edu-tainment playground - has welcomed more than 30,000 visitors.

However, analysts say the market share for such theme parks is small, due to a niche target audience and limited space. To attract repeat customers, operators will have to be innovative.

"According to our survey, more than 50 per cent of parents love to bring their kids to indoor playgrounds because of the weather in Singapore," said Ms Janice Choo, the marketing manager for Pororo Park.

"It's either very hot or it's rainy, or during the haze period. So they would like to find a place where children can both play and learn at the same time. So we have classes and also do tie-ups with enrichment providers," she added.

Foreign operators could also be setting up shop in Singapore to establish a name for themselves so they can branch out overseas, said Shirley Tee, a course manager for Hospitality & Tourism Management at Nanyang Polytechnic’s School of Business Management.

- CNA/ek

[Art or Science]

Results were just released.

http://infopub.sgx.com/FileOpen/Kingsmen...eID=391098

Thought its a somewhat muted year for Kingsmen though they are holding up well, with their expertise/experience and diversification in different segments.

- Net profit increase mainly because of the disposal of kingsmen cmti
- Gross profit margin remain at 25~%
- Slow demand in the high-end luxury retail segment continues and is affecting kingsmen's business.
- D/E has remained more or less the same although in absolute terms, it has doubled from 6.5m to 13m.

Wonder how profitable the affordable luxury, fast fashion and food & beverage segments are? Reckon margins will not be as good as the high-end luxury retail segment.

Pico seems to be doing better, with their focus on mainly on Exhibition and Event Marketing Services.

http://www.pico.com/en/news/pico-far-eas...al-results