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Kingsmen Creatives
13-04-2018, 09:58 PM.
Post: #1161
RE: Kingsmen Creatives
$22m contract need to announce? Not even 10% of annual revenue!

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13-04-2018, 10:04 PM.
Post: #1162
Kingsmen Creatives
Publicity of being awarded national projects

Sent from my SM-G930F using Tapatalk

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13-04-2018, 10:37 PM.
Post: #1163
RE: Kingsmen Creatives
Shareholders should hope that this is not 'national service' without a good margin at the end of the day.
(Not a recommendation to buy or sell, just stating facts)

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26-04-2018, 02:48 AM. (This post was last modified: 26-04-2018, 02:57 AM by RBM.)
Post: #1164
RE: Kingsmen Creatives
Kingsmen Creatives will convene their AGM tomorrow. Amongst other things, the Board is seeking a ~ 10% increase in Director Fees/compensation.

At the risk of being a tad provocative ...........

I have just had a look at the comparative share price performance of Kingsmen, Pico Far East and City Neon. As an example, since 1.1.2016 (i.e. over the last ~ 28 months) .....

- the market cap of Kingsmen Creatives has dropped by ~ 20%.
+ the market cap of City Neon is today > 3.5 times what it was 28 months ago, CityNeon now has a market cap more than twice that of Kinsgmen. No rights issues, just share price appreciation.
+ the market cap of Pico Far East has increased more than 40%. Pico is now almost 6 (six) times the market cap of Kingsmen as compared to only (about) 3 times bigger three years ago. And contrary to Kingsmen’s dividend reductions in recent years, I cannot complain about Pico’s attention to their shareholder’s dividends.

I submit that Kingsmen, once a VB forummers darling, is now a competitive laggard - have the Board and Senior Management lost their competitive edge?, have they allowed themselves to be disrupted by smarter managements who had a superior, more fit-for-the-current-times business model (e.g. City Neon)?, have Kingsmen’s most Senior management been too distracted by construction of their new HQ?

Is the Board doing its job? That’s enough questions from me. Food for thought?

Vested in Kingsmen and Pico, regrettably not City Neon
RBM, Retired Botanic MatSalleh

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27-04-2018, 08:36 PM. (This post was last modified: 27-04-2018, 08:43 PM by RBM.)
Post: #1165
RE: Kingsmen Creatives
Interesting to observe that at today’s AGM, Resolutions 9, 10, 11 & 12 were not passed so easily. These were the resolutions pertaining to Kingsmen’s Performance Share Scheme and specific share awards to Executive Directors Soh and Ong. There was more than a 29% (twenty-nine percent) vote against share allotments under the scheme and moreover the proposed Share Awards to Messrs Soh and Ong. I hope that this sends a constructively strong message to Kingsmen’s Board of Directors - it would send a positive message back to Kingsmen’s shareholders if, in light of the weighty percentage level of no votes, Messrs Soh and Ong announced that they would forego their share awards, cognisant of Kingsmen’s recent competitive performance. While their past contributions have been significant and valued, they have presided over a recent period of material erosion of Kingsmen’s competitive position.

This year, after some thought, I abstained my shares on these four resolutions. If the malaise continues ...... then next year I’ll be voting against as well.

Regards, RBM
RBM, Retired Botanic MatSalleh

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27-04-2018, 09:42 PM.
Post: #1166
Kingsmen Creatives
(27-04-2018, 08:36 PM)RBM Wrote: Interesting to observe that at today’s AGM, Resolutions 9, 10, 11 & 12 were not passed so easily. These were the resolutions pertaining to Kingsmen’s Performance Share Scheme and specific share awards to Executive Directors Soh and Ong. There was more than a 29% (twenty-nine percent) vote against share allotments under the scheme and moreover the proposed Share Awards to Messrs Soh and Ong. I hope that this sends a constructively strong message to Kingsmen’s Board of Directors - it would send a positive message back to Kingsmen’s shareholders if, in light of the weighty percentage level of no votes, Messrs Soh and Ong announced that they would forego their share awards, cognisant of Kingsmen’s recent competitive performance. While their past contributions have been significant and valued, they have presided over a recent period of material erosion of Kingsmen’s competitive position.

This year, after some thought, I abstained my shares on these four resolutions. If the malaise continues ...... then next year I’ll be voting against as well.

Regards, RBM


i concur!!
By awarding themselves shares frequently (year in year out) without adding much value to shareholders, they are diverting their interest alignment with minority shareholders.

can defer the dividend and just keep adding shares to themselves until times when it is ready for them to offer low ball!!??
i hope that is not the case, but it has been times and again that such practices become rather norm (at least in sgx).

why not just get the money (salary) and buy from market?



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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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18-06-2018, 05:34 PM.
Post: #1167
RE: Kingsmen Creatives
Kingsmen Creatives Awarded Contracts Worth S$29 Million for  FORMULA 1 Singapore Grand Prix

Kingsmen Creatives Ltd. announced that its wholly-owned subsidiary, Kingsmen Exhibits Pte Ltd, has been awarded contracts worth S$29 million for FORMULA 1 Singapore Grand Prix to-date.

The contracts for FORMULA 1 Singapore Grand Prix involve the fabrication and construction of the circuit-wide Grandstand seats, Paddock Club, Corporate Suites at Pit Straight and Hospitality Facility at Turn 23 over a four-year period; and the Paddock Kitchen over a two-year period, all commencing from 2018.

The contracts are expected to contribute positively to the earnings per share and net tangible assets per share of the Group (the “Company and its subsidiaries”) for the financial years ending 31 December 2018 to 2021.
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
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08-08-2018, 07:12 PM.
Post: #1168
RE: Kingsmen Creatives
Financial Results for Half-Year Ended 30 June 2018 ("1H 2018")

Highlights :
1. For 1H 2018, revenue increases 1.3% to S$146.8 million
2. Gross profit in 1H 2018 increased by S$0.4 million or 1.1% to S$35.7 million compared to S$35.3 million in 1H 2017
3. Gross profit margin of 24.3% in 1H 2018 compared to 24.4% in 1H 2017
4. Net profit increases 7.5% to S$2.9 million
5. For 1H 2018, earnings per share was 1.26 Singapore cent
6. As at 30 June 2018, net asset value per share was S$0.6057
7. Expects steady growth in second half, given pipeline of projects secured
8. Proposes interim dividend of 1.0 Singapore cent per share

More details in :
1. http://infopub.sgx.com/FileOpen/Kingsmen...eID=520629
2. http://infopub.sgx.com/FileOpen/Kingsmen...eID=520630

Kingsmen Creative today closed at S$0.545 (-0.010), down 1.801%.
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
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05-09-2018, 08:05 AM.
Post: #1169
RE: Kingsmen Creatives
Dear all, my Kingsmen's Part 1 post on my blog is now up. Comments are welcome, thanks! Smile

http://sgmusicwhiz.blogspot.com/2018/09/...hesis.html
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/

http://sgmusicwhiz.blogspot.com
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10-09-2018, 08:29 AM.
Post: #1170
RE: Kingsmen Creatives
Dear all,

Part 2 of my Kingsmen analysis is now up on my blog. Thanks for your support!

http://sgmusicwhiz.blogspot.com/2018/09/...is_10.html
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/

http://sgmusicwhiz.blogspot.com
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