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Spackman entertainment
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lailai
Elite |
17-Dec-2019 15:42
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What a brew! Out of the 22,000Lots plus done, only 0.5L was ' crash landed' at 16. The good news is that the rest of the 22000L plus were done at 15. 
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SgYuan
Supreme |
17-Dec-2019 11:36
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w2 take over 30 days
hope to see w3 cmg
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danger
Supreme |
17-Dec-2019 10:52
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Looks like it is brewing .... strong buying | ||||
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danger
Supreme |
17-Dec-2019 09:18
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COMING !!??
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FrancisLim
Elite |
16-Dec-2019 15:33
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Previously, the drama Terris Behind Me, did well in the ranking. But where were the contributions to the bottom line. So lets not hyped up with all these audiences where at the end of the day, the contribution to p/l and profit of the co might be too insignificant to mention. | ||||
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guards80
Supreme |
16-Dec-2019 12:22
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Spackman: General Announcement :: CRASH LANDING ON YOU STARRING SON YE-JIN OF SMGL RANKED #1 AT WEEKEND DEBUT IN KOREAhttp://repository.shareinvestor.com/rpt_view.pl/id/821530.1/type/sgxnet/original_filename/1 |
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88everyday
Member |
13-Dec-2019 16:31
Yells: "sarcasm grabs attention" |
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ESA co. ltd. just spiked 15% to all time high today. Last chance to load Spackman before good news released. |
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Frankie8836
Member |
06-Dec-2019 08:56
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HI, I still having some shares at 0.015....advice Hold or sell?
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investshare
Supreme |
06-Dec-2019 06:38
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Looks like GE will not be this year. | ||||
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danger
Supreme |
06-Dec-2019 06:20
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Need 88everyday to load up more shares n more bullish news for spackman
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FrancisLim
Elite |
05-Dec-2019 16:03
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Before 2017, how much revenue Spackman derived from China market? 10%, 50%, 90% Before 2017, Spackman had few box office hits and the revenues are mainly derived from Korea. Subsequently, the massive share dilution brought the share price from over 20 cents to the current 1 cent. The share swaps for companies supposedly accretive, and so far, they are not making substantial income, if not loss. Have to wary about the co' s managment, th e result of their share swappings have so far destroyed the minority shareholders' value. So how much revenue is Greenlight bringing or the Simplex with its failed film - The Jesters?
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zhencheng
Member |
05-Dec-2019 15:54
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Once China let Korean entertainment back into the main population it's positive for spackman Spackman can sell their movie into the Chinese market. Before the ban on 2017 Spackman was trading around 17 cents. Of cos there will be opinion against spackman giving the share dilution.
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Frankie8836
Member |
05-Dec-2019 10:16
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Hi.....Is this a good or bad new?....will this counter go back to 0.015
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zhencheng
Member |
05-Dec-2019 00:27
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https://www.channelnewsasia.com/news/asia/south-korea-china-agree-to-step-up-exchanges-to-re-set-ties-12153214?utm_source=dlvr.it&utm_medium=twitter | ||||
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FrancisLim
Elite |
28-Nov-2019 18:41
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Not forgetting the Independent Director, whose role includes corporate governance and ensure that the minority shareholders are not being prejudiced
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destinykraze
Elite |
28-Nov-2019 17:30
Yells: "Reality is only a matter of perception" |
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These senior executives also draws exorbitant salaries. This is why penny stocks in STI cannot make it.
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sbscap
Master |
28-Nov-2019 14:34
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All these companies have two characteristics ... no major shareholder and having " Spackman" as the name. Is there an elephant in the room with the name starting with " S" ?
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FrancisLim
Elite |
28-Nov-2019 12:10
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Spackman Equities group Inc is the majority shareholder of the Company with 14.45% as of end 2018 per annual report. Who controls Spackman Equities Group controls Spackman Entertainment and appointed the interim CEO, the current CEO and the previous CFO, now the COO who are responsible for the massive dilution of the share price through share swappings. These individuals have minimal or no shareholding like the current CEO. The fact that they are promoted for such massive dilution of the share price, we should trace to the person who controls Spackman Equities Group, |
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FrancisLim
Elite |
28-Nov-2019 10:47
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The series of share swappings and so called accretive acquisitions were basically diluting the minority shareholders' interests. One has to be careful of such managment actions which severely caused the share price to fall from its IPO of 26 cents to its current 1 cent. This is the most worrisome factor of this company. Those Executives and Directors who are responsible for the massive dilutions are still with the company, and in fact they have been promoted for massive deterioration of the share price. When they touted accretive for massive dilutive effect, once has to be careful. Someone quoted a well known investor who toook the private placement - even this investor saw his investments shrunk to a fraction. The investor would have better insight and research capability. There are other companies in SGX to look at.
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FrancisLim
Elite |
28-Nov-2019 10:32
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More extracts from Corporate Governannce for Stakeholders - Quote: On the dilution of the co' s shares and not accretion as touted by the Management, at the expense of the minority shareholders - extract from the Corporate Governanance for Stakeholders: A &ldquo flexible&rdquo acquisition approach Spackman was active in acquisitions and investments in new companies in recent years through share &ldquo allotment and swap&rdquo , claiming that it was to pursue its long-term goal of business diversification. 39 On 1 March 2017, SEGL entered into a SPA to purchase 1,000,000 shares of SMGL at US$3 per share from what it said were independent vendors which it did not name, in exchange for newly-issued 26,161,491 SEGL ordinary shares at an issue price of S$0.161 &ndash a total consideration of US$3 million or S$4.212 million. The previous day&rsquo s closing price of SEGL shares was S$0.174. 40 Several more SPAs were entered into by SEGL in 2017 and 2018 as it gradually increased its stake in SMGL. Most of these SPAs were said to be with unrelated third parties or certain existing shareholders whose identities were not disclosed .41 In total, five SPAs were entered into for SMGL between March 2017 and August 2018 as SEGL increased its stake in SMGL from 24.5% to more than 45%. The SMGL shares acquired through these transactions were said to be valued at nearly US$19.4 million or more than SPACKMAN ENTERTAINMENT: SEARCHING FOR THE MAGIC FORMULA 170 S$26.2 million. In several of these transactions, the value of the SEGL shares issued were stated as being above the then current market price of SEGL shares. For example, on 22 May 2018, SEGL acquired 2.3 million SMGL shares at US$3 per share. The total purchase consideration amounted to US$6.9 million, and was satisfied through the issuance of 101,607,865 newly issued SEGL shares at an issue price of S$0.09 per share. This represented a premium of 26.8% over the volume weighted average price of S$0.071 for SEGL shares. The unaudited profit before tax for SMGL for FY2016 was US$860,00, while the audited FY2017 profit before tax was US$269,560. Unaudited net tangible assets and net asset value at the end of FY2016 were US$7.13 million and US$11.61 million respectively, while audited amounts as at the end of FY2017 were US$7.9 million and US$12.7 million respectively. 42,43 Similar share &ldquo allot and exchange&rdquo strategies was used to acquire three subsidiaries in 2017 and 2018 &ndash Take Pictures,44 Constellation Agency,45 and Greenlight Content Co., Ltd (Greenlight Content). 46 In all of the SPAs, there were no publicly disclosed information with regards to the identities of the &ldquo independent investors&rdquo whom SEGL engaged with in those transactions. SEGL said that the vendors were all unrelated third parties. On 11 October 2017, SEGL acquired the entire issued and paid-up share capital of Take Pictures in exchange for 25,686,816 newly-issued SEGL shares at an issue price of S$0.13 per share. 47 Soon after, on 22 December 2017, SEGL entered into a SPA with &ldquo independent third party investors&rdquo to acquire the entire issued and paid‐ up share capital of Constellation Agency. Through the acquisition, 144,770,861 new SEGL ordinary shares were issued at S$0.115 per share .48 Most recently, on 19 October 2018, SEGL acquired a 100% interest in Greenlight Content, which business activities include investing into dramas and movies, and consulting on Korean content production. The consideration of the acquisition consisted of 150,000,000 of newlyissued shares of SEGL at an issue price of S$0.046 per share.49 SGX&rsquo s curiosity is piqued SGX queried SEGL on 6 June 2018, seeking clarifications on SEGL&rsquo s share swap with SMGL with the following questions: 50 (A) Please explain how the purchase consideration of US$6.9 million was arrived at in light of the NTA and NAV of SMGL. (B) What is the Board&rsquo s views and bases on why this acquisition is in the interest of the Company? 171 SEGL&rsquo s response to the first question was that the quantum of US$3 per SMGL share was arrived at simply based on prior transactions. However, there was no actual supporting information to substantiate how the consideration was determined. 51 It also cited a RHB report by an unnamed analyst who has estimated SMGL&rsquo s value per share to be between US$4.70 to US$8.00. According to a blogpost, a RHB analyst had put a bullish valuation on SMGL in 2017 and this same analyst had set a target price for SEGL of 32 cents in 2017, then lowered it to 27 cents, then 23 cents, then 20 cents and finally 10 cents in May 2018, while consistently maintaining a &ldquo buy&rdquo recommendation for SEGL&rsquo s shares. 52 Clearly dissatisfied with the response, on 6 August 2018, SGX issued a further query with eight questions based on the company&rsquo s response to the first SGX query. Amongst its questions, SGX queried SEGL on its future plans for SMGL, its rationale for acquiring stakes in SMGL at a significant premium, the individuals holding key leadership positions in SMGL, as well as the controlling shareholders of SMGL. SEGL provided its responses to the SGX query on 23 August 2018 and 29 August 2018. 53,54 SGX subsequently issued yet another query, with a focus on the Group&rsquo s strategic business direction for SMGL. In its response, SEGL repeatedly mentioned SMGL&rsquo s &ldquo potential&rdquo to grow and be monetised despite its current net loss position. 55 Are SGX&rsquo s persistent queries a sign of problems in SEGL? SEGL, which listed on SGX&rsquo s Catalist board in July 2014 through a private placement of 69.44 million shares at S$0.26 each, 56 has seen its share price fall from a high of more than S$0.52 post-listing to just S$0.018 on 18 July 2019. 57 Clearly, shareholders would not be amused. Unquote DYODD |
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