No Signboard Holdings

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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
CY09 spot on! Big Grin

Please take note of the IPO Price versus this placement share pricing!! :O :O :O

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! 

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
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

Think Asset-Business-Structure (ABS)

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