| Latest Forum Topics / ComfortDelGro Last:1.29 -- |
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COMFORT DELGRO - MOVING FORWARD
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Entropy72
Master |
03-Sep-2022 11:05
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SINGAPORE - A senior SMRT executive has defected to rival transport group ComfortDelGro.
Mr Ho Foo Sing, 57, head of SMRT's Circle Line, has joined ComfortDelGro Transit - the transport giant's rail tendering and operations subsidiary. He will head the bidding team in this subsidiary, signalling ComfortDelGro's ambition to clinch more overseas rail operating contracts. According to his LinkedIn profile, Mr Ho joined SMRT as a director in December 2017 after a 34-year career in the Republic of Singapore Air Force, where he attained the rank of colonel. He was appointed head of Circle Line in November 2019. ComfortDelGro clinched a $1.13 billion contract to operate rail services in Auckland, New Zealand, making it the first Singapore company to secure such a contract overseas. The group has also been shortlisted in two other rail tenders - one in Paris, and another in Sydney. In a separate news release on Monday (Aug 29), ComfortDelGro deputy chief executive Cheng Siak Kian said: "In the past two years, even as we were busy tackling the many challenges posed by the Covid-19 pandemic, we have been regrouping and looking at opportunities for growth. "Significantly, we have started bidding for international rail franchises - something we had never done before." In the release, ComfortDelGro said it has hired Mr Damian Rowbotham as chief executive of Europe, a newly created role. Mr Rowbotham, 53, will supervise the group's bus, coach, taxi and private-hire operations in the United Kingdom and Ireland, "as well as look at new investment and tender opportunities in the continent", ComfortDelGro added. Mr Rowbotham was a senior executive at Scottish transport group Stagecoach Group. Meanwhile, Mr Ho's position in Temasek-owned SMRT has been taken over by Mr Ng Chan Cheok, a deputy group director of rail asset, operations and maintenance at the Land Transport Authority (LTA). Before joining the LTA, Mr Ng worked at the Singapore Armed Forces and held the rank of military expert 7 - equivalent to a colonel. SMRT also has a new chief human resource head. Ms Lee Yem Choo, 53, a former SAF colonel who joined the transport operator in 2018, will replace Ms Tan Ai Ling from Sept 1, according to an internal announcement. Ms Tan, a former veteran at telco Starhub, had joined SMRT to head its HR department after a slew of resignations in 2019. |
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Entropy72
Master |
03-Sep-2022 11:03
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SINGAPORE (THE BUSINESS TIMES) - Transport operator ComfortDelGro is rehiring its former executive Damian Rowbotham as the group's chief executive officer for Europe to supervise its bus, coach, taxi and private-hire operations in Britain and Ireland with effect from Sept 1, 2022.
Mr Rowbotham joins ComfortDelGro from Stagecoach Group, where he presently serves as the British public transport provider's finance and commercial director for London. Prior to joining Stagecoach, Mr Rowbotham held the position of group finance director for Britain and Ireland at ComfortDelGro from 1999 to 2012. He was also chief operating officer of the group's Australian subsidiary Cabcharge from 2014 to 2019, according to his LinkedIn profile. In a statement on Monday (Aug 29), ComfortDelGro said it was also adding on experts in rail tendering and operations under wholly owned subsidiary ComfortDelGro Transit - including the appointment of new heads of rail operations, maintenance and customer experience. It added that the new senior hires come as part of "an aggressive expansion strategy" to participate in more international tenders with a targeted emphasis on Europe. Mr Cheng Siak Kian, group deputy chief executive officer of ComfortDelGro, highlighted the company's recent efforts to bid for international rail franchises and said it has "seen some success" with the contract it won last year to operate rail services in Auckland, New Zealand. Mr Cheng says he remains hopeful for ongoing bids for rail tenders in Sydney and Paris, where the group has been shortlisted. "As we participate in more of such tenders, we have to grow our bid team, which will also be instrumental in the transition should we win," he added. |
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josephyeo
Elite |
02-Sep-2022 22:19
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its ok ... its your view. I think differently
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Conman
Elite |
02-Sep-2022 17:57
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Selling properties in London during a property down time to pay dividends didnt look like a wise move. Were there good rrasons to require such payment? This affected the company's NAV and caused the shares to drop even more.
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lukewong82
Master |
02-Sep-2022 17:32
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yes.. special dividend is one-off.. u wun get it liao.. so next dividend should be around 2+ cents.
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josephyeo
Elite |
02-Sep-2022 16:51
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What i got was 4.26 cts - an interim plus a special div. The money is already in my bank account.   |
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lukewong82
Master |
02-Sep-2022 16:47
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4.26 cts dividends consists of 2+ cents ONE-TIME PROFIT from sale of overseas property. So actually the dividend should be around 2.4 cents only
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josephyeo
Elite |
02-Sep-2022 15:58
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not_me
Member |
02-Sep-2022 14:19
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thanks. you are right. bought for the dividend
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alexmay34
Veteran |
02-Sep-2022 14:15
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Nothing will happened, lives goes on! Stock will remain listed. You still get your dividends, possible drop in share price or share price would have dropped in anticipation of the removed from STI, I would think you buy this share for its dividend yield?
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CheeryVGoh
Supreme |
02-Sep-2022 14:12
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Pyrford Int' l sold . https://links.sgx.com/1.0.0/corporate-announcements/6SMCL2XFT46TFWFY/9d8f86ebd27d25993c210112cd8f2e213d2126f3d47b057d2bd59b2c78280f98 |
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Beatch
Member |
02-Sep-2022 13:51
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Buy a business not a hype.
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not_me
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02-Sep-2022 13:50
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Hi, May I know what will happened to those still holding onto this share after 19 Sept? |
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Observers
Elite |
02-Sep-2022 13:22
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Just got back from the EGM. Good to see the Chairman still as sharp and feisty as ever. Probably maybe mellowed down abit? he actually answered a question that was irrelevant to the resolution at hand. | ||||||||||||||||||||||||||||||||||
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Conman
Elite |
02-Sep-2022 13:22
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The huge dumping will be by the retailers when BBs lift their hands. Once out of STI, BBs will have no more reasons to 'invest' in this Zoom Bee using their customers' money.
Only smaller BBs such as small securities firms will continue punting.
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beetlejuice
Master |
02-Sep-2022 12:46
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I sincerely hope so.
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lukewong82
Master |
02-Sep-2022 12:06
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Will there be a huge dumping on 18 Sept before the removal of CDG from STI Index? I remember huge drop in share prices happened to those 4 counters that was removed from MSCI on the day before the effective date of removal in 2019? cant remember the exact date liao.. | ||||||||||||||||||||||||||||||||||
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Conman
Elite |
02-Sep-2022 11:33
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I dont see why BBs must buy today. As I said in the morning, if you see huge buy queue, you should be suspicious. If BBs want to buy, they wont queue long long like the uncles just to save 1 pip.
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Conman
Elite |
02-Sep-2022 11:25
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SGX has to abide to its own rules if it wants big companies to list in Singapore. This Emperador is nearly 3 times of Zoom Bee. There are 5 others waiting in the reserve list, all of which are bigger than Zoom Bee. 🥺
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CheeryVGoh
Supreme |
02-Sep-2022 11:24
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Haha, rich Emperor. It was not even an IPO, is just a secondary listing. The company didn' t need to raise money via IPO. 
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