Kingsmen Creatives

[brattzz]

i would say it's safer to give it a long time frame... all these experiential setups are still experiential and expensive, are they even profitable or scalable to achieve profitable volumes?

i' won't hold my breath sir...

[Mushy]

It might be 6 long months without any official guidance by Kingsmen on its performance. The company will not fold in the short term, since it has plenty cash. But with every passing month of the pandemic, it seems like situation will be here long term.

Pico's own guidance as linked below may give a hint but in no quantitative terms. 

BUSINESS UPDATE AND PROFIT WARNING...
...the Group expects to record a significant drop in revenue, and a significant reduction in the unaudited profit attributable to the owners of the Company for the year ended October 31, 2020 to decrease by more than 80% compared to the same period in 2019.


https://www.pico.com/en/investors#compan...ement-2021

[¯|_(ツ)_/¯]

some how or rather, your post reminded me of one of our valuebuddies favourite

Design Studio.

  Not sure why, but Design Studio just pop up into my mind.

<not vested in both>

Enjoy:


Stay home and stay safe, everyone.

[weijian]

It might be 6 long months without any official guidance by Kingsmen on its performance. The company will not fold in the short term, since it has plenty cash. But with every passing month of the pandemic, it seems like situation will be here long term.

Pico's own guidance as linked below may give a hint but in no quantitative terms. 

BUSINESS UPDATE AND PROFIT WARNING...
...the Group expects to record a significant drop in revenue, and a significant reduction in the unaudited profit attributable to the owners of the Company for the year ended October 31, 2020 to decrease by more than 80% compared to the same period in 2019.


https://www.pico.com/en/investors#compan...ement-2021

They say that the Covid-19 pandemic accelerated what would have succeeded in 5 years. If we slightly invert it, I reckon the pandemic also accelerated what would have failed in 5 years' time.

[fallscushion]

It might be 6 long months without any official guidance by Kingsmen on its performance. The company will not fold in the short term, since it has plenty cash. But with every passing month of the pandemic, it seems like situation will be here long term.

Pico's own guidance as linked below may give a hint but in no quantitative terms. 

BUSINESS UPDATE AND PROFIT WARNING...
...the Group expects to record a significant drop in revenue, and a significant reduction in the unaudited profit attributable to the owners of the Company for the year ended October 31, 2020 to decrease by more than 80% compared to the same period in 2019.


https://www.pico.com/en/investors#compan...ement-2021

They say that the Covid-19 pandemic accelerated what would have succeeded in 5 years. If we slightly invert it, I reckon the pandemic also accelerated what would have failed in 5 years' time.

IMO, still managed to be profitable in such pandemic year for an Exhibition Company is quite an underrated achievement.

With Vaccine writing on the wall, it's a matter of times for the floods of events to return. The question is whether their capacity can cope then.

During such time, the supplier pricing power would be temporarily boosted up.
The lesser quality event company (such as the subject of this post, imo), may benefit even more in term of earning percentage.

By and large, I am not pessimistic with the long run potential of Pico, it's just a matter of when they'd start picking up again and whether they have the capacity to ride the wave when it comes.

<vested in Pico, used to be vested in Kingsmen>

[weijian]

They say that the Covid-19 pandemic accelerated what would have succeeded in 5 years. If we slightly invert it, I reckon the pandemic also accelerated what would have failed in 5 years' time.

IMO, still managed to be profitable in such pandemic year for an Exhibition Company is quite an underrated achievement.

With Vaccine writing on the wall, it's a matter of times for the floods of events to return. The question is whether their capacity can cope then.

During such time, the supplier pricing power would be temporarily boosted up.
The lesser quality event company (such as the subject of this post, imo), may benefit even more in term of earning percentage.

By and large, I am not pessimistic with the long run potential of Pico, it's just a matter of when they'd start picking up again and whether they have the capacity to ride the wave when it comes.

<vested in Pico, used to be vested in Kingsmen>

Hi fallscusion, I was actually referring to Kingsmen and especially some of its later businesses (eg. the Nerf experiential stuff). Apologize for the confusion.

[¯|_(ツ)_/¯]

Kingsmen Creatives
expected to report a net loss for FY2020 compared to a net profit for the previous corresponding financial year ended 31 December 2019 mainly due to a decline in revenue and impairment losses on certain of the Group’s assets. 
https://links.sgx.com/FileOpen/KingsmenP...eID=646806

[Image: The-worlds-first-NERF-family-entertainme...gapore.jpg]
Stay home and stay healthy, everyone.

[jaco]

Just a reminder that the webcasted AGM will be on 29 april at 10 am. Registration has to take place before 26 april , 10 am.

http://kingsmen.listedcompany.com/

[¯|_(ツ)_/¯]

Kingsmen@30cents

For those interested: A preview of ppt to be shared later at 10am
https://links.sgx.com/FileOpen/Kingsmen1...eID=663740

[karlmarx]

I believe KC's businesses will still be relevant in the long-term.

But in the short-term, there will be pressure on sales as supply>demand. Exhibition will be particularly hard hit without travelers, and with social distancing.

So KC could have very lousy earnings for the next few years, and then a boom when everything clears up and demand>supply.

That is if it could survive the next few years, or however long this pandemic will last.