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28-08-2021, 02:58 PM
(This post was last modified: 28-08-2021, 03:00 PM by CY09.)
Renewed my interest as I found the fried chicken called 'Mom's touch' a good flavored piece of chicken. Was surprised it was a brand brought in by NSB.
Delving further into NSB segment analysis, only its "other restaurant business" is improving. This consist of a hotpot business and the fried chicken (mom's touch). I heard the lamb hotpot restaurant is doing quite well at Somerset too.
Overall the business is still dismal and the company is in dire needs of an equity raising soon. For me while some of its food taste nice, its definitely a no go for investing. In my view, the "other restaurant" segment will break even in a few years but the seafood and beer are going to be a drag eating into equity perpetually.
A zero value company at best
https://links.sgx.com/FileOpen/Interim-F...eID=678805
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CY09 spot on! 
Please take note of the IPO Price versus this placement share pricing!! :O :O :O
https://www.businesstimes.com.sg/stocks/...ement-news
SHARES of seafood restaurant operator No Signboard hit a three-month high on Friday following news of its proposed share placement.
Henry Chandra Tjiang, an Indonesian private investor with business interests in food manufacturing, is looking to subscribe to about 14.4 per cent of No Signboard's shares post-completion at 4.5 Singapore cents apiece, totalling S$3.5 million.
Shares of No Signboard jumped as much as 42.5 per cent or 1.7 Singapore cents to 5.7 cents in the morning trading session following the news. The last time the counter closed at this level was on June 14.
The counter later eased slightly to 5.5 Singapore cents, up 37.5 per cent or 1.5 cents as at the midday trading break. It was also the fourth most traded by volume with 21.5 million shares changing hands. There were no married deals recorded, according to ShareInvestor.
In a bourse filing on Thursday night, No Signboard said it was proposing the share placement to boost its cash reserves, which have continued to be eroded by the impact of the pandemic. The move will allow the group to improve its financial position and pursue new business opportunities.
It added that the investor has no connection, including business relationships, with No Signboard, its directors or substantial shareholders. He was identified as a potential investor through the network of No Signboard executive chairman and chief executive Lim Yong Sim.
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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12-01-2022, 12:58 AM
(This post was last modified: 12-01-2022, 01:01 AM by CY09.)
https://links.sgx.com/FileOpen/NSB%20-%2...eID=697325
Its strategic investor has pulled out.
Company is now worth 3.3 cents per share. With professional fee incurred, VDS in Singapore, expect more losses. If i were a shareholder, I will ask for the selling of all the business to recoup part of my capital before it is too late. Interestingly, its full year had lower revenue, but lower losses. Even accounting for the $1.3 million earnings from JSS< FY 2021 was still a better financial year.
It tells me their entire business is on negative margin operations
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Haven't been following it but the listco consists of the expensive venues. I guess the flagship Geylang one not in listco is still doing ok
No point spending time on No Clue
(11-06-2018, 12:30 AM)specuvestor Wrote: (11-11-2017, 10:55 PM)specuvestor Wrote: Nice summary
IMHO No signboard also seems No Clue. They are also looking to expand to heartlands which I'm not sure they can maintain quality. Their franchise model for Geylang seems strange and looking to franchise in China. They just bought Draft Denmark in June, just Before 9M17 and already looking to invest into own brewery
Agree their trajectory is not comparable to Jumbo
They are keeping the cash cow and passing risk of new ventures to investors. Unless the new ventures turn profitable, no point spending time
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
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https://links.sgx.com/FileOpen/SGX%20Ann...eID=698510
End game with no investor wanting to invest. Time for it to close down.
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19-03-2022, 03:52 PM
(This post was last modified: 19-03-2022, 03:57 PM by specuvestor.)
Late post but an update to this thread: $1 majority stake for $2.6m loan which ranks ahead of existing shareholders. That's like the price of a city condo
https://www.businesstimes.com.sg/compani...d-holdings
(24-01-2022, 01:00 PM)CY09 Wrote: https://links.sgx.com/FileOpen/SGX%20Ann...eID=698510
End game with no investor wanting to invest. Time for it to close down.
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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19-03-2022, 04:54 PM
(This post was last modified: 19-03-2022, 05:02 PM by CY09.)
The family knows their stake is worthless. What is left is to encash their stake by holding on to their post as CEO and COO. They are earning $700k and $400k per year running a business which is constantly losing money. This is the real value of their stake and not the few dollars left ascribed to their shareholdings. If the business closes down and liquidates, the family members will lose jobs where they are paid akin to Singapore Ministers or top ranking civil servants.
To Q&M CEO, it is only losing one dollar because his unsecured loan is ranked before shareholders, maybe he is offered a welcome treat of a chilli crab meal for extending the company's life by 2 years. I would buy him a meal for securing me such a job which I will not be capable to getting outside the organisation.
To OPMI, they will continue to lose the value of their stakes (and likely have lost everything) because they cannot hold onto ID or exclusive management positions to recoup their losses.
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21-03-2022, 10:54 AM
(This post was last modified: 21-03-2022, 10:59 AM by weijian.)
A general capital injection would normally be either (1) preferred equity or convertible bonds, or (2) buying into newly issued shares at a discount to market.
This transaction with the Q&M Dental Chairman (and a certain Mr Bryan Lim) are unsecured loans for the founder's full stake in the business. This deal is out of the norm and so either the lenders are brilliant negotiators OR the founders are too desperate.
History will judge the actual result but judging from how readily the founders will give up their full stakes, the odds are against those who are making the bet.
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there's another use for listed company shell,
An RTO is also sometimes referred to as a reverse merger or a reverse IPO.
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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(21-03-2022, 12:43 PM)brattzz Wrote: there's another use for listed company shell,
An RTO is also sometimes referred to as a reverse merger or a reverse IPO.
A listed shelf is only useful if the company itself is not in a net liability position.
From its balance sheet for FY21, write down its intangible asset of 500k and it is in a net liability position. If the current loans do not save it (and we should know in ~1 years' time), the company is insolvent. Liquidators will wind up the company and its listing status can't be monetized at all.
There is a difference between the Companies Act and Listing Act.
NSB FY21: https://links.sgx.com/FileOpen/Interim-F...eID=692545
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