Kingsmen Creatives

[RBM]

Has any (vested) forummer received their Kingsmen Annual Report 2012?

Reason I ask is a) I haven't, b) I can't find the AR 2012 on either the SGX website or Kingsmen's IR page, and c) the AGM is now less than 13 days away.

Vested

[Musicwhiz]

Has any (vested) forummer received their Kingsmen Annual Report 2012?

Reason I ask is a) I haven't, b) I can't find the AR 2012 on either the SGX website or Kingsmen's IR page, and c) the AGM is now less than 13 days away.

Vested

I got mine in the mail yesterday, I think you should receive yours today probably.

There's nothing much in it by way of MD&A, just a Chairman's statement which summarizes the entire year!

Will dig deeper into the Notes to Accounts to see if I can find anything interesting.

[RBM]

Thank you for your fast response Musicwhiz - appreciated.

I am a bit surprised that the SGX does not oblige listed companies to post their annual reports on the SGX Website (Company Disclosure section) or atleast on their own Company website, on a timely basis, i.e. minimum 2 or 3 weeks before the AGM.

Vested

Has any (vested) forummer received their Kingsmen Annual Report 2012? Reason I ask is a) I haven't, b) I can't find the AR 2012 on either the SGX website or Kingsmen's IR page, and c) the AGM is now less than 13 days away.

Vested

I got mine in the mail yesterday, I think you should receive yours today probably.

There's nothing much in it by way of MD&A, just a Chairman's statement which summarizes the entire year!

Will dig deeper into the Notes to Accounts to see if I can find anything interesting.

[Musicwhiz]

Thank you for your fast response Musicwhiz - appreciated.

I am a bit surprised that the SGX does not oblige listed companies to post their annual reports on the SGX Website (Company Disclosure section) or atleast on their own Company website, on a timely basis, i.e. minimum 2 or 3 weeks before the AGM.

Vested

Hmm, good point actually. SGX appears to have its work cut out for it in the next 3-5 years. They could do away with contra, reduce board lot size to 1 share instead of 1,000 shares etc. and also ensure timely submission of AR and other important documents for shareholders. I support all these initiatives!

But the reality is that SGX is likely to want to focus more on derivatives and equities trading as this forms the bulk of their income!

[RBM]

................. and one hour after the very postings on this subject........ Kingsmen posts its AR on the SGX website!!

Vested,

Thank you for your fast response Musicwhiz - appreciated.

I am a bit surprised that the SGX does not oblige listed companies to post their annual reports on the SGX Website (Company Disclosure section) or atleast on their own Company website, on a timely basis, i.e. minimum 2 or 3 weeks before the AGM.

Vested

Hmm, good point actually. SGX appears to have its work cut out for it in the next 3-5 years. They could do away with contra, reduce board lot size to 1 share instead of 1,000 shares etc. and also ensure timely submission of AR and other important documents for shareholders. I support all these initiatives!

But the reality is that SGX is likely to want to focus more on derivatives and equities trading as this forms the bulk of their income!

[Musicwhiz]

Ah, I like such news. Marina Square is one of the malls I frequent a lot with my family, and now it will have more dining options (see attached)!

This news also makes me happy because it means KIngsmen will have more business come 2014 as more international brands are attracted to Marina Square to set up shop there!

[valuestalker]

This news also makes me happy because it means KIngsmen will have more business come 2014 as more international brands are attracted to Marina Square to set up shop there!

Hi Musicwhiz,
I am equally happy when I heard Robinson pulled out from MBS and go into JEM.
Either sides might mean business to Kingsmen.
I remember you mentioned somewhere in your blog about "the pie is big enough for players to share" (along that line).
I agreed with that and cautiously hope the situation will sustain for years(esp. in Singapore).

I always see Kingsmen as company with good track records in low barrier of entry industry.

Vested.

[Musicwhiz]

Hi Musicwhiz,
I am equally happy when I heard Robinson pulled out from MBS and go into JEM.
Either sides might mean business to Kingsmen.
I remember you mentioned somewhere in your blog about "the pie is big enough for players to share" (along that line).
I agreed with that and cautiously hope the situation will sustain for years(esp. in Singapore).

I always see Kingsmen as company with good track records in low barrier of entry industry.

Vested.

Wow you remember what I said so long ago? Haha.

Revenue from Singapore dipped to 41.9% from 43.8%, while revenue from Malaysia and Indonesia has increased slightly (9.8% and 3.7% respectively).

Going forward, areas of growth for Kingsmen would include China, Malaysia and Indonesia as well.

[valuestalker]

Hi Musicwhiz,
I am equally happy when I heard Robinson pulled out from MBS and go into JEM.
Either sides might mean business to Kingsmen.
I remember you mentioned somewhere in your blog about "the pie is big enough for players to share" (along that line).
I agreed with that and cautiously hope the situation will sustain for years(esp. in Singapore).

I always see Kingsmen as company with good track records in low barrier of entry industry.

Vested.

Wow you remember what I said so long ago? Haha.

Revenue from Singapore dipped to 41.9% from 43.8%, while revenue from Malaysia and Indonesia has increased slightly (9.8% and 3.7% respectively).

Going forward, areas of growth for Kingsmen would include China, Malaysia and Indonesia as well.

Ya hahaha. :p
I was reminded by the Robinson case that the pie is big, if not getting bigger (with the push from REIT trying hard with their AEI).

I still see Spore as the major contributor to the bottom line.
The profit margin should be bigger than the rest.
But I could be wrong, since there is no data on that.

[Musicwhiz]

Well, balancing the good news with some not-so-good news.

Attached are Kingsmen's auditor's report and the emphasis of matter regarding the fraud a few months ago.