26-09-2013, 11:11 PM
The transaction would effectively make Sats the only cruise centre operator, i.e. monopoly.
26-09-2013, 11:11 PM
The transaction would effectively make Sats the only cruise centre operator, i.e. monopoly.
26-09-2013, 11:18 PM
(This post was last modified: 29-09-2013, 11:11 AM by Dividend Warrior.)
(26-09-2013, 11:11 PM)Muck Wrote: The transaction would effectively make Sats the only cruise centre operator, i.e. monopoly. Good for SATS? Another round of dividends coming in December. Vested.
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26-09-2013, 11:40 PM
recently I read got one cruise bounded for Australia from Singapore cruise terminal got stuck rite? and the cruise operators seek sats help to house the angry Australian toursits? true?
27-09-2013, 11:26 AM
27-09-2013, 04:32 PM
Saw the following news in Yahoo Finance.
Why SATS paid S$110m to acquire Singapore Cruise Centre Acquisition opens up multiple synergies. Maybank Kim Eng reports that SATS will be acquiring Singapore Cruise Centre (SCC), operator of the international cruise terminal and regional ferry terminal at Harbourfront and two ferry terminals at Tanah Merah and Pasir Panjang, from Temasek Holdings for SGD110m. SCC have approximately 14 years left on its licence to operate these terminals, the research firm noted. "We view this acquisition positively as it will increase SATS’s exposure to the structural growth in Singapore’s tourism traffic. Furthermore, this acquisition will allow SATS to aggressively launch their Fly-Cruise service offerings and benefit from the positive outlook for Singapore’s cruise industry with the Singapore Tourism Board expecting cruise passenger throughput of 1.5m by 2017 (2012: 0.91m)," said Maybank. "Upon completion of this acquisition, we expect SATS to derive synergies between SCC and both its cruise operations at Marina Bay Cruise Centre Singapore (MBCCS) and airport operations at Changi," it added. The acquisition is made through SATS subsidiaries Airport Services (wholly owned) and SATS-Creuers Cruise Services (JV: SATS Airport Services owns 60%, Creuers owns 40%). SATS Airport Services and SATS-Creuers will directly own 92% and 8% respectively, with the latter having the option of increasing their stake in the future, according to Maybank.
27-09-2013, 04:47 PM
think its a very good move by SATS they only paying 7 times earnings for it, worth it for sure ^^
28-09-2013, 08:40 AM
(02-07-2013, 06:12 PM)john Wrote:(02-07-2013, 11:19 AM)BlueKelah Wrote:(02-07-2013, 07:48 AM)Drizzt Wrote:(01-07-2013, 07:09 PM)Dividend Warrior Wrote: SATS: Announced that it will sell its 40% equity interest in its Adel Abuljadayel Flight Catering Company joint venture for a cash consideration of US$18.4m (~S$23.4m), which is slightly below the book value of the asset as of 31 Mar (S$24.1m). Despite the short two-year tenure of the JV, the exit does not signal a change in management intent regarding the region. Management still intends to re-enter the Middle East, and will continue to pursue other attractive investment opportunities. In the interim, the outlook for SATS remains positive and we believe the counter’s earnings stability and healthy dividends will allow it to stay resilient amidst recent market volatility. OCBC maintains HOLD with an unchanged fair value of $3.15 SATS is looking to set up another JV in Middle East. The previous one did not go very well. 'Singapore airport services and catering firm SATS Ltd said on Friday that it has signed an agreement with Oman Air and Oman Airport Management Company to explore a possible joint venture to develop and operate cargo facilities in the Gulf state. SATS said the venture was still subject to further evaluation and due diligence. The company's announcement to the stock exchange followed a report in an Oman newspaper that a full agreement had already been signed.' - Reuters
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10-10-2013, 09:58 PM
anyone understand this announcement? is it he forgot to file disclosure of his interest?
SATS Limited (the Company or SATS) refers to the Form 3 (Notification Form for Substantial Shareholder(s)/Unitholder(s) in respect of Interests in Securities) submitted by Mondrian Investment Partners Limited (Mondrian) and announced by SATS today, in which Mondrian disclosed an interest in 5.13% of the Companys voting shares exceeding the 5% shareholding limit under the Company's Articles of Association. The Company has been informed by Mondrian that Mondrian is undertaking the necessary action to comply with the Companys Articles of Association.
21-10-2013, 09:09 PM
http://infopub.sgx.com/FileOpen/SATS_Ope...eID=260432
Quote: (not vested)
05-11-2013, 08:47 PM
Not a call to Buy or Sell
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