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Spackman entertainment
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lailai
Elite |
08-Oct-2019 12:02
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The collections from these so-called popular, successful, and profitable movies are indeed huge, in double digit millions of dollars. Kongsi also will quickly publicise their successes. But what happen to the market value of the kongsi, whose share now trade only 1.1ct, dropping and dropping from IPO of 26cts, after swaps and swaps between company and usually nameless individuals. Kongsi now worth $13mil. What a joke! 
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FrancisLim
Elite |
08-Oct-2019 10:10
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The Priests raked in US$37 million, The Masters US$50.5 million, Default USD27.6 million. Why the share price dropped from 20 over cents to 1 cent. Those share swappings for highly inflated values and failure to deliver accretive results. The latest being Simplex, and its much touted film - Jesters - Game Changers - which said to cost USD11.5 mio and only grossed USD4 mio. Like the current CEO who sold his shares in double quick time, these swapped shareholders including the SMGL are unloading whenever the share price is hyped. Until, we see cash and real profits (not accounting profits on acquisitiona on goodwill), - the announcements are just like the siren call for the share price to go off the cliff. Even Crazy Romance say hit over USD50 million - same as Masters, we need to see how much of the profits go to the Company. Otherwise, it is just to trick the share price up, and dump like before. |
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lailai
Elite |
08-Oct-2019 08:37
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Crazy Romance is trending to be one of Spacky' s top revenue winner. Just after 6 days, total collection is already $8.3mil, understandably next to the international acclaimed ' Joker' . But alas, which investors get excited. Only the swappers, fishy arrangements by kongsi. Even the top boss sold all his shares b4 he was recruited in. What a joke! From the cliff of 20c b4 swap to the pit of 1c after swap.  No wonder shorties are laughing all the way to the crazy romance dump, even though there is no pump.
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FrancisLim
Elite |
07-Oct-2019 18:27
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Say the cost of production and advertising is USD6 mio, the box office would need to generate say USD12 mio before it can recoup costs, if we take 50 percent of the ticket goes to the cinema operator, distributor etc. The remaining will be profit again at say 50%. The share of the profit will depend on how much the co participate in the film in terms of funding. There could be other investors. So if you look at the box office of The Priest, how much revenue goes to the Co, insignificant. The bad thing is the share swapping. The co paid very highly for the co acquired like Simplex with highly optimistic assumptions. Jester per the Korea Film Biz Zone website - revenue was US$4.3 mio, its costs as reported in BT was USD11.5 mio. Hopefully, the co had samll stake in the share of profits/loss and the costs of production. The film could not recover its huge costs as per the Korea Film Biz Zone figures. What caused the co' s share prices to drop from the cliff from 20 cents to its current 1 cent, are the share swappings for cos supposed to be accretive or at high prices, and failed to deliver the results. Simplex is an e.g. Why would a CEO sold all his swapped shares if he could publicly said the share price was undervalued? Dont jump on the sale figures of the film, at the end of the day like all other announcements, the hyped on the share price only allowed those shareholders of swapped shares to unload. Unlike normal box offices - Jokers or even Crazy Rich Asians, where the box office revenues would be enjoyed by the production companies, so far the Co' s box offices failed to boost significantly the co' s revenues as reflected in the share price.
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lailai
Elite |
07-Oct-2019 15:26
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In spite of such good news, price went down. So what hope is there???
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guards80
Supreme |
07-Oct-2019 14:11
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Spackman: General Announcement :: SEGL' S NEW FILM, CRAZY ROMANCE, BREAKS THE 1 MILLION TICKET SALES MARK WITHIN FIVE DAYShttp://repository.shareinvestor.com/rpt_view.pl/id/812349.1/type/sgxnet/original_filename/1 |
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ninja1235
Member |
06-Oct-2019 23:35
Yells: "No one wins all the time!" |
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Good information Actually, just one reason to NOT buy this stock. Current CEO too received shares from swaping and he sold ALL of them. When CEO buys back all the shares he sold, I will follow and buy. If not, very obvious nothing good would come from owning this stock.
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FrancisLim
Elite |
06-Oct-2019 22:00
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Business Times - 22 Aug 2019
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FrancisLim
Elite |
06-Oct-2019 21:55
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It acquired Simplex with share swap, and since the swap the share price has dropped like all previous swaps. The first show failed to cover its costs of US$11 million from the box office:
Also, even the films that did well like The Priests and The Master, the profits and cash accruing to the co were not significant otherwise why the share price dropped from 20 over cents to 1 cent. Exercise caution whenever, this company announced news whether it is equipment rentals, swappings for acquisitons - the share prices will fall as the results are not in line with all these announcements. Faced it, the current CEO said the share price was undervalued but he sold all the swapped shares he received. Have to be careful on their announcements. Never good for the share price and the minority sharholders. Until and when the company shows real cash profits and not accounting profits, one have to ignore their announcemnts. Guess, tomorrow morning they will announce the recent film Crazy Romance broke even (costs US$6 million), so how to recoup the losses from the share swapped with Simplex and the first debut The Jesters - The Game Changers. Indeeed Game changers for the prior owners of Simplex and not for Spackman minority shareholders.
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SgYuan
Supreme |
04-Oct-2019 20:59
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day chart px below cloud 
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noobnub
Supreme |
02-Oct-2019 18:46
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spackman chut news......time to watch for shorting opp on eat ups | ||||||||||
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sbscap
Master |
26-Sep-2019 12:34
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The discusssion here has gone down so much, so is the trading volume, for this stock and many others. Probably few people wants to read what I am going to say but what the heck ... This company is pretty much a reflection of many small caps listed in SGX. Some may be of value but the odds are stack against investors. Even professional investors with decades of experience got it wrong, taking placement shares that are now " cao zua" (' rotten paper" in Hokkien) in this and other companies. Small retail investors will be much worse off. The opportunities outside of Singapore are tremendous if the companies are able to capitalize on them and return the value to shareholders. Maybe Spackman will succeed. Maybe not. Only time can tell but I' m not waiting on this one. | ||||||||||
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sbscap
Master |
25-Sep-2019 12:12
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It is cheaper and easier to just watch K-movies/drama than to buy the shares of the company. Actually, it applies to many others as well like sportswear, edibles, etc., particularly if the companies are listed in SGX, where the level of corporate governance and regulatory oversight is not minority-shareholder friendly. | ||||||||||
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ninja1235
Member |
24-Sep-2019 21:42
Yells: "No one wins all the time!" |
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Not logical to takeover Spackman. Business model is easily replicated. No loyalty of movie directors and artists. Anyway they earn bulk of the profit while Spackman takes peanuts. Just search online the worth of A-list artists: Song Hye Kyo, Son Ye Jin, So Ji Sub, Yoo Ah-in. Do you know all of the them are under Spackman controlled subsidaries (" talent management agency)?? Do you know all of these agencies are one-man agency??? So these artists working for Spackman or Spackman working for artists???? How exclusive are the contracts with these artists??? Recently, Song Hye Kyo signed with another China agency for work in China???? WTH??? The truth is always out there. If never do due dillengence, lose money, blame who??? Even more now got people state so clearly in forum????
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morgany
Veteran |
24-Sep-2019 15:12
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maybe have to wait for Watt Disney to come takeover this company and they can seriously make mickey movie (Korean style) instead of all the bs news release and announcements.
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ninja1235
Member |
24-Sep-2019 11:25
Yells: "No one wins all the time!" |
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6m usd to produce a movie with inexperience novice director, B class actors and cast. Plus releasing same day as blockblaster movie Joker. What a good news it was. Vested? cut loss quick. Can only go downhill from now on.. following movie flop in oct.. following massive quarter loss announcement in nov.. following potential cashflow problem in dec.. following next year announcement of massive impairment... external auditors disclaimer in audit report.. following suspension and delist.
Good luck.
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guavaMoment
Senior |
24-Sep-2019 07:52
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Pattern is after ever new release, either news or announcements, price will fall. Sigh. My hard-earned money turning to.
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lailai
Elite |
23-Sep-2019 21:04
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Crazy drop of 15% after announcement of release date of Crazy Romance. Should have gone up 15% with such good news, but instead dropped, what a crazy movie and crazy kongsi. 
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noobnub
Supreme |
19-Sep-2019 15:04
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yesterday was rollover from the previos week at 13 lah. over 10mil rolling. now that we know everytime they try to roll can short for 1 bid
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guards80
Supreme |
19-Sep-2019 14:51
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yes same again... ytd eat up 13... today throw down 12
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