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Don't think so. Why want to sell my milk cow? (Fiddler on The roof). Sell Transcab is really cash out (Going to be a "dead cow" soon when by 2017 or latest 2010 almost all SMRT lines are running).
Well let's see lol.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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I beg to differ. Those canned gas is also a dying business. Nowadays, less people cooked at home and thus more prefer to use the Citygas which is pay as per usage. I think Mr Teo saw it coming and he will be better off cashing out now while his Union Gas garner higher value than if future. If he gonna IPO his cash cow, Trans Cab (although a failure as pulled off at eleventh hour, sorry for me being frank), I don't see why he won't try to IPO his Union Gas to cash out from a sunset business.
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(03-12-2014, 04:58 PM)butcher Wrote: I beg to differ. Those canned gas is also a dying business. Nowadays, less people cooked at home and thus more prefer to use the Citygas which is pay as per usage. I think Mr Teo saw it coming and he will be better off cashing out now while his Union Gas garner higher value than if future. If he gonna IPO his cash cow, Trans Cab (although a failure as pulled off at eleventh hour, sorry for me being frank), I don't see why he won't try to IPO his Union Gas to cash out from a sunset business.
The bulk of his canned gas business mainly supply to coffeeshops, resturants. That is where the cash are from.
Why?
-cheaper than city gas or whatever private gas vendor.
-free setup/ installation, repair as long as related to his gas.
-rebates
-freebies eg chairs,tables...
I can only say he is a lucky man. In term of money and women...
The thing about karma, It always comes around and bite you when you least expected.
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why ain't citygas completing with uniongas then?
New towns/BTOs, gas pipelines are all laid, just who is the supplier that's all? 
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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31-08-2017, 02:54 PM
(This post was last modified: 02-09-2017, 08:10 AM by weijian.)
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31-08-2017, 04:49 PM
(This post was last modified: 02-09-2017, 08:10 AM by weijian.)
^^^ That's very astute observation. Thanks
Maybe they borrowed a page off Ms Saw's SMRT's book and save on maintenance
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
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01-09-2017, 10:48 AM
(This post was last modified: 02-09-2017, 08:10 AM by weijian.)
The 2 cabs that caught fire in April/May are CNG. The June one is not, and the latest late Aug is a TBD (although my guess is NOT because i can't see the "CNG" sticker at the back of the bumper)
Following the April/May incidents, the LTA mandated a test for all CNG vehicles (taxis, buses and private cars) in May this year and it turned out that Transcab (owns 920 CNG taxis) had a 82/882 = 9.3% failure rate (26th May). As of 26th May, there was 1 private vehicle failing the test - which translated to a 1/11 ~9% failure rate as well).
On 9th June, LTA reported that a total of 105 failed tests out of the 1363 private cars tested - translated to ~7.7% failure rate. I put these numbers into a statistical test and "p-value" turns out to be ~0.02 - At 95% confidence, this is considered significant and in layman terms, means that Transcab taxis have a higher fail rate than private cars (although it is to be noted that at 99% confidence, it is not significant).
May 26th: http://www.todayonline.com/singapore/clo...checks-lta
June 9th: http://www.channelnewsasia.com/news/sing...ta-8932902
Then of course, this brings us to the question of whether Transcab is "saving on maint" ?? More importantly, as a VICOM shareholder, I was concerned if VICOM was actually "sleeping on the job" and not catching these fails during the mandatory 6 month check for taxis (CNG check is tagged to vehicle type)? A search on this and it seems like the "taxi MP" Ang Hin Kee had asked something similar recently in Parliament and dear KBW had a response, indicating that " the urgency of the inspections also gave vehicle owners no time to send their vehicles for pre-inspection maintenance. All this could have contributed to the higher than normal inspection failure rate"
It does seem like KBW is trying to indicate that the failure rate has a "possible reason", which make sense to an extent but I believe the numbers above should speak for itself.
KBW's response to Ang Hin Kee's questions: https://www.mot.gov.sg/News-Centre/News/...vate-Cars/
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01-09-2017, 11:55 AM
(This post was last modified: 02-09-2017, 08:11 AM by weijian.)
From the entire mot release and statstics, it does seem that transcab may not be doing proper maintence of its fleet but only maintenance when they are nearing the inspections date.
This is due to the results of the ''sudden inspection" mandated by mot where private taxi failed mean is higher than the rest; since most cng taxis are owned by transcab. However do note this is only 1 sample data and more should be done.
In the meantime,transcab should up its maintenance given that most of its fleets are idle now. In addition, mot should continue this sudden inspection and openly publish these results for the public to be aware.
Lastly, the past few posts (including mine) are slightly oot because this is an union gas thread,.
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01-09-2017, 12:09 PM
(This post was last modified: 02-09-2017, 08:11 AM by weijian.)
(01-09-2017, 11:55 AM)CY09 Wrote: From the entire mot release and statstics, it does seem that transcab may not be doing proper maintence of its fleet but only maintenance when they are nearing the inspections date.
This is due to the results of the ''sudden inspection" mandated by mot where private taxi failed mean is higher than the rest; since most cng taxis are owned by transcab. However do note this is only 1 sample data and more should be done.
In the meantime,transcab should up its maintenance given that most of its fleets are idle now. In addition, mot should continue this sudden inspection and openly publish these results for the public to be aware.
Lastly, the past few posts (including mine) are slightly oot because this is an union gas thread,.
KBW has mentioned that CNG taxis/buses will have their 6monthly inspection tightened to 3monthly now. The costs of the "sudden inspection" was borne by LTA and not sure who wants to pay for more "sudden inspections" - it is only going to kill the CNG car market which the Gov is trying to promote in the first place.
We are all waiting for Towkay Teo to IPO Transcab now so that we can shift these posts to a more relevant place....
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01-09-2017, 07:12 PM
(This post was last modified: 02-09-2017, 08:11 AM by weijian.)
I apologise for the off-topic. There is a Transcab thread with a few pages of discussion on its IPO, but I thought this could be of interest to (prospective) investors of Union Gas, since their boss is the same. Separately, it has also become less likely for Transcab to IPO given these recent spate of incidents, and the increased competition from operators of ride-hailing apps.
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