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Kingsmen Creatives
15-04-2019, 06:53 PM.
Post: #1191
RE: Kingsmen Creatives
(15-04-2019, 01:31 PM)luckystar Wrote: I admire company who continues to build on past successes. The "demise of retail" is not the fault of Kingsmen. In fact, I am downright surprised this company managed to stay afloat. Then I was very encouraged it started building on a portfolio of IP like the Nerf entertainment center, which suspects would be fun, like the Hometeam Laser Quest and I surely would bring my kids there. Today I managed to pick up some odd lots from Lim & Tan. More power to Kingsmen! Keep up the good work, and pay all shareholders more (as much as you can afford, that is)
Luckystar, is the market price you purchased from a valuation model?

I remember looking at kingsmen a while back and pegged it under 0.50 for margin of safety so rather curious how you view the valuation

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24-04-2019, 06:19 PM. (This post was last modified: 24-04-2019, 06:20 PM by Musicwhiz.)
Post: #1192
RE: Kingsmen Creatives
Kingsmen has just announced a worldwide development agreement with Discovery Inc. to develop Animal Planet Travelling Experiences.

The first experience is scheduled to open in Singapore at the end of 2019, and Kingsmen will co-conceptualize, create, build and operate multiple Animal Planet Travelling Experiences.

See link below:-

https://links.sgx.com/FileOpen/SGXNETNew...eID=555569

This marks the second licensing agreement which Kingsmen has signed using the new Kingsmen Xperience US subsidiary, the first being with Hasbro for the development of the NERF Family Entertainment Centre (FEC).

While the location and financial aspects of the Animal Planet travelling experience were not disclosed, I think shareholders who are going for the upcoming Annual General Meeting next Tuesday April 30 can probably ask for more details. I suspect the economics will be similar to NERF FEC in that Kingsmen needs upfront capex to build the attraction, and then they can recognise the full revenue from the attraction, while paying a licensing fee to Discovery Inc.
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30-04-2019, 05:10 PM. (This post was last modified: 30-04-2019, 05:12 PM by brattzz.)
Post: #1193
RE: Kingsmen Creatives
So...today i attended the AGM, since i was free.. Tongue
Location : Kingsmen Building at Changi Biz Central
Turn out - about 40 - 60 pax...

Main events:
1) Run through of Kingsmen's biz
2) Focus on 3 mains topics : Enhance capabilities / expand presence / new business areas
3) New Busines areas -IP licensing / attractions creation / development & management
4) Emphasis on KRnD -- RnD arm
5) IP biz - HASBRO-NERF & Discovery Experiences
6) Mgmt highlighted that shopping malls are looking for new shopping experiences, which Kingsmen would like to create, via partnership with themes, eg, Nerf centre and discovery channel themes...
7) Touch on 2xIRs share, maybe will have a share of the pie in 2022 onwards...
8) Also address on 3x SIAS questions, not very important... Tongue

a lot of questions were on:
1) Shareholders went through a lot of detail questions on the NERF centre, 1m for licensing, 5m for capax...6 years lease..etc..
2) 200-250K headcount tickets annual... Tongue so each ticket is about $25?

i feel that the chairman's statement is quite accurate,

1) He sees the demand in the changing expectations of market...
2) Focus on Design and creativity to meed the demand..
3) Supply chain, Operations, finance cost..etc..can be better..
4) Market forces is driving the retail sector flat...

Take-aways,
1) Strong competnent management team
2) Focus on Design and Creative to meet market demand (KRnD)
3) Steady hand, low risk and right opportunity seeking approach
4) Medium to Long term holdings suggested...

Overall, i like the management team & admired their compentent, and i respect their conservativeness, that also means that i have to make do with minimum ROI in the med term... Smile

Hope to see more big names IP inked with KRnD!!

Saw a benley and a ferrari in the basement 1 carpark! Tongue

Big Grin
=========== Signature ===========
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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30-04-2019, 05:14 PM.
Post: #1194
RE: Kingsmen Creatives
This biz model is correct, it was answered by mgmnt. Smile
=========== Signature ===========
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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01-05-2019, 03:46 PM.
Post: #1195
RE: Kingsmen Creatives
(30-04-2019, 05:10 PM)brattzz Wrote: So...today i attended the AGM, since i was free.. Tongue
Location : Kingsmen Building at Changi Biz Central
Turn out - about 40 - 60 pax...

Main events:
1) Run through of Kingsmen's biz
2) Focus on 3 mains topics : Enhance capabilities / expand presence / new business areas
3) New Busines areas -IP licensing / attractions creation / development & management
4) Emphasis on KRnD -- RnD arm
5) IP biz - HASBRO-NERF & Discovery Experiences
6) Mgmt highlighted that shopping malls are looking for new shopping experiences, which Kingsmen would like to create, via partnership with themes, eg, Nerf centre and discovery channel themes...
7) Touch on 2xIRs share, maybe will have a share of the pie in 2022 onwards...
8) Also address on 3x SIAS questions, not very important... Tongue

a lot of questions were on:
1) Shareholders went through a lot of detail questions on the NERF centre, 1m for licensing, 5m for capax...6 years lease..etc..
2) 200-250K headcount tickets annual... Tongue so each ticket is about $25?

i feel that the chairman's statement is quite accurate,

1) He sees the demand in the changing expectations of market...
2) Focus on Design and creativity to meed the demand..
3) Supply chain, Operations, finance cost..etc..can be better..
4) Market forces is driving the retail sector flat...

Take-aways,
1) Strong competnent management team
2) Focus on Design and Creative to meet market demand (KRnD)
3) Steady hand, low risk and right opportunity seeking approach
4) Medium to Long term holdings suggested...

Overall, i like the management team & admired their compentent, and i respect their conservativeness, that also means that i have to make do with minimum ROI in the med term... Smile

Hope to see more big names IP inked with KRnD!!

Saw a benley and a ferrari in the basement 1 carpark! Tongue

Big Grin

Just to add on a few more notes

NERF
1. SG outlet @ Marina. target 300,000 visitors annually. Year2 to breakeven
2. Not going to lift up numbers until next centre is opened
3. 7 centres going to open in next 3-5 years
4. Capex for opening new centres ~$5m-$10m depending on size and location
5. Revenue comes from Development, loyalty and operating

New IP business
1. Not going to add much to top line.
2. 3 x IPs secured so far (Hasbro/Nerf, Discovery, Toybox)

2018 Net Profit down 16.3% impacted by
1. New facilities - New HQ, Nantong Production
2. IP Business - US officie, Nax team, Market Research
3. Realignment of backend processes - Johor Production
4. spent $3.5m in investments

TheEdge Magazine Apr29-May5. Pg25 - one full page on Kingsmen. Interview with Andrew


Bummer - no complimentary parking at new Atas HQ. Paid $4.80 for parking. $0.80/30mins

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01-05-2019, 08:44 PM. (This post was last modified: 01-05-2019, 08:45 PM by brattzz.)
Post: #1196
RE: Kingsmen Creatives
Great add-On nitro! parking charges applies! 🤣🤣
=========== Signature ===========
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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04-05-2019, 03:08 PM.
Post: #1197
RE: Kingsmen Creatives
(12-04-2019, 01:42 AM)RBM Wrote: KINGSMEN CREATIVES 30 APRIL AGM – RESOLUTION’s 9, 10, 11 & 12: VOTE AGAINST

Kingsmen has issued its AR 2018 and AGM notice. I would like to kindly request that fellow Kingsmen shareholders carefully consider how they will vote on four key resolutions at the forthcoming 30th April AGM. Specifically, I respectfully suggest that Kingsmen shareholders carefully consider their position with respect to Resolution No’s 9, 10, 11 and 12; resolutions, which if passed, would allow Kingsmen to continue granting ‘Performance Shares’ to its Management and to its Board Members.

I will vote AGAINST for all four of these resolutions. My rationale is as follows:
A. Kingsmen’s poor competitive performance over the last five years. Four years ago, Pico’s market-cap was three times Kingsmen’s; today Pico is almost six times larger. Kingsmen’s EPS is 54% less than where it was five years ago,; Pico’s EPS has increased 13% over the same period. And dividend level comparisons reflect unfavourably on Kingsmen, where borrowings have increased more than five-fold over the last five years.
B. The ten most senior Kingsmen employees received a total of SGD 5.1 Mln remuneration in 2018 – this in a Company that delivered SGD 8.1 Mln NIAT and fails to compete effectively.
C. Under its ‘Performance Share Scheme’, the passing of AGM resolutions has resulted in the same quantum of Performance Shares granted to Messrs Ong, Ong & Soh in each of the last five years despite marked reductions in EPS and dividend levels, loss of market share etc. Actual Performance appears not to have been a driver in determining the quantum of ‘Performance shares’ granted and there appears little if any alignment between shareholder aspirations and financial rewards for Kingsmen’s management.
D. Kingsmen has allowed itself to be disrupted by e.g. Cityneon and others. Kingsmen’s Senior Management and moreover its Board must accept accountability for erosion of the Company’s competitiveness and its strategic malaise.

These four resolutions provide the best AGM opportunity for shareholders to register their concern because Performance Share recipients, i.e. including substantial shareholders and Board Members, are specifically barred from voting on such resolutions. At last year’s AGM, these resolutions were passed ~6.6 Mln (70%) to ~2.8 Mln (30%), implying a rising groundswell of shareholder angst. Voting AGAINST all four of these resolutions gives an opportunity to convey a clear message to the Board. If the resolutions pass but votes against exceed say 5 Mln, I believe the message cannot be ignored.

I ask that you join me in voting AGAINST all four of these AGM resolutions. My mission here is for  Kingsmen’s leadership to reenergise around delivering a much enhanced competitive performance rather than persist with an unhealthy pre-occupation on delivering unmerited remuneration packages to themselves – I would like to pursue this cause respectfully but pointedly.

I thank VB forummers for their time and their kind consideration – I would welcome your views.

What is the results for these resolutions. did the veto increase?

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10-06-2019, 07:22 PM.
Post: #1198
RE: Kingsmen Creatives
Kingsmen Expands Its Relationship with Hasbro to Launch Edutainment-Inspired Family Entertainment Centers Across Asia Pacific

Kingsmen Creatives Ltd ("金明创新") today announced that Kingsmen Xperience, Inc., its US-based subsidiary has entered into a licensing agreement with Hasbro International, Inc., a subsidiary of Hasbro, Inc. (NASDAQ: HAS), to build and operate a new edutainment concept incorporating a suite of Hasbro brands, including PLAY-DOH, LITE-BRITE and TINKERTOY, into family entertainment center ("FEC") attractions across Asia Pacific.

Under the terms of the agreement, Kingsmen will co-conceptualise, create, build and operate multiple FEC attractions across Asia Pacific with the first location to open by 2021. Each stand-alone indoor entertainment facility will adopt multiple iconic Hasbro brands and their related content, to create an interactive and immersive edutainment experience - across multiple activity zones, merchandising and food & beverage areas. The story-driven entertainment environment will embody the philosophy where children learn through creative and imaginative play.\

More details in in https://links.sgx.com/FileOpen/PressRele...eID=562981
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15-07-2019, 06:59 PM.
Post: #1199
RE: Kingsmen Creatives
Kingsmen Partners vision High to Bring NERF Action Xperience to the China Market

Kingsmen Creatives Ltd. (“金明创新”), today announced that Kingsmen Xperience, Inc., its US-based subsidiary has entered into an agreement with Vision High (HK) Limited to open NERF family entertainment center ("FEC") attractions within the China market.

Under the terms of the agreement, Vision High will be Kingsmen's exclusive partner to open NERF FECs within Mainland China, including Hong Kong and Macau. This marks the start of Hasbro’s branded experiences to enter the China market and signals the start of an inaugural partnership between Kingsmen and Vision High.

More details in https://links.sgx.com/FileOpen/KingsmenV...eID=570324
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