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Stanton Veteran	09-Dec-2017 02:40        Stanton About Contact  Quote this Post!
x 0   x 0  Alert Admin	What do u think will happen id CDG do nothing? Now they are making a very positive move. Taxi drivers' income will increase with Uber platform. Taxi drivers will be happy, can use Uber app and can pick up passengers along the street. Taxi revenues are going rise and they will get best both worlds. U are entitled to your negative views and I encourage u to short on monday, Good luck to u. destinykraze      ( Date: 09-Dec-2017 02:01) Posted: Comfortdelgro has good management? Then you wouldnt see cab drivers stomping off to rival companies so easily. They are only good at squeezing cab drivers dry with rental and charging higher fares to earn more when there was no competition. Why LCR is losing money is simply because of rental. When comfortdelgro is adamant to increase rental, you will be seeing idling cars the same. Even without that, with more MRT lines operational there is no need for so many cars. The only thing that might work could be some cost saving synergy. And please don' t be naive, if the news is good, insiders would have bought up shares long time ago. we wouldnt see a 9 cent drop in 2 days. Sunstar      ( Date: 08-Dec-2017 22:38) Posted: Comfort just added another 12k into its fleet. And these are not cars idling. Uber has 14k cars, but comfort only take in 12.4k of these already leased out cars. Read the annc carefully. And they took in the cars cheaply. The daily rental will add to its profit. Reason why LCR is losing money is because of the idling cars which Comfort is not involved in. And LCR has no economy of scale in maintenance of vehicles which adds to the business cost.
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destinykraze Elite	09-Dec-2017 02:01        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	Comfortdelgro has good management? Then you wouldnt see cab drivers stomping off to rival companies so easily. They are only good at squeezing cab drivers dry with rental and charging higher fares to earn more when there was no competition. Why LCR is losing money is simply because of rental. When comfortdelgro is adamant to increase rental, you will be seeing idling cars the same. Even without that, with more MRT lines operational there is no need for so many cars. The only thing that might work could be some cost saving synergy. And please don' t be naive, if the news is good, insiders would have bought up shares long time ago. we wouldnt see a 9 cent drop in 2 days. Sunstar      ( Date: 08-Dec-2017 22:38) Posted: Comfort just added another 12k into its fleet. And these are not cars idling. Uber has 14k cars, but comfort only take in 12.4k of these already leased out cars. Read the annc carefully. And they took in the cars cheaply. The daily rental will add to its profit. Reason why LCR is losing money is because of the idling cars which Comfort is not involved in. And LCR has no economy of scale in maintenance of vehicles which adds to the business cost. destinykraze      ( Date: 08-Dec-2017 21:32) Posted: Nobody said it' s completely bad. But it' s definitely not good news. A lot of uncertainty, a lot of cash going out which puts Comfortdelgro in the red. As of now, it is leaning towards bad-neutral. Comfortdelgro already has to deal with it' s idling fleet of cabs. adding another 12k is a good idea? The repairs profit? It does not make sense as comfortdelgro has 51% stake in LCR, it also cost $ to repair, whatever you charge, you are getting left pocket to right pocket. Remember LCR is a loss-making company. -$295m. You still have to deal with depreciating assets, if there are even 10% idling cars throughout the period. You would have completely lost whatever discount you got from the NAV. THINK!
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edwinjup Supreme	09-Dec-2017 01:57        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe best comfort tookover the lcr and sell all cars at 94k each ( 2nd hand toyota prius selling at 105k) and locked in 100%.profit?? Lol. But i prefer they convert some to replace their sonata taxi....bal still keep as phv. ....daily phv rental around $76...taxi $126 b4 gst. edwinjup      ( Date: 08-Dec-2017 21:58) Posted: They are selling 47k /car with coe to this joint venture....wan cry also bo tears.. wanglausern      ( Date: 08-Dec-2017 21:52) Posted: As I predicted, a deal  on Uber' s terms. LCR  & Uber are  laughing to the bank. Uber' s business in S' pore is suffering and LCR is stuck with a huge number of their 14,000 cars. The situation is so bad that LCR is having difficulty to find space to park their unhired  cars. If Uber can' t compete with Grab do you think Comfort can make any difference. I don' t think so and they' re throwing away their $642m. Comfort is jumping out of the frying pan and into the fire.
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Lurker251 Senior	09-Dec-2017 01:02        Lurker251 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Singapore executive not good with complex acquistion and synergies. i dont see how this deal will benefit cdg. Seems like cdg have to take this unwanted child of uber for them to include cdg taxi in uber app. i think they placed too much premium on having taking booking on uber app. same with the tie up with some local ride hailing companies a few months back. I think that tie up died even before it take off.
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anonymoustrader Member	09-Dec-2017 00:42        anonymoustrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just afraid it maybe another singpost's failed 100 plus million investment
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seba240698 Senior	09-Dec-2017 00:17        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The competition with Grab consists of 2 sides:-  1) the demand side, rider side. With Grab keep giving promo codes, CDG-Uber cannot compete with them, I think, at least in the short term. 2) the supply side, drivers side. If you were to believe me, many drivers, taxis and PHVS are VERY PISSED off with Grab and many are returning keys to Grab. Reasons are incentives drop after first month, very low fare and poor drivers' management. CDG has experience managing taxi drivers, and I think if CDG-Uber is competing on the drivers side, it has a lillte edge over Grab. But please don' t just see who can win the competition, see also who lose more money. Without this deal, CDG how to compete with Grab? Demand and Supply side also die. At least with this deal, CDG drivers will not likely to go Grab because got Uber.
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anonymoustrader Member	09-Dec-2017 00:09        anonymoustrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	In April, Grab?s chief rival, Uber, disclosed that the company had more than a million active riders here, or one in five of Singapore?s population. Asked about its market share, Mr Lim said: ?We?ve easily more than two times that user base.? (for grab)
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angmohlin Veteran	08-Dec-2017 23:18        angmohlin About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	In time to come we shall see CDG moving toward to 1.68 level. DYODD please.
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oldcoconut Senior	08-Dec-2017 23:16        oldcoconut About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thank you Sir for yr advice. seba240698      ( Date: 08-Dec-2017 23:11) Posted: Not to pour cold water sir but I don' t think it will go up by 30 cents, although I strongly believe it will go up, but maybe only 10 to 15 cents. To reach $2.2 or $2.3 will have to wait until the announcement of dividends in Feb 2018. oldcoconut      ( Date: 08-Dec-2017 23:06) Posted: Next Mon hopefully up 30 cents. Huat!!!
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seba240698 Senior	08-Dec-2017 23:11        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not to pour cold water sir but I don' t think it will go up by 30 cents, although I strongly believe it will go up, but maybe only 10 to 15 cents. To reach $2.2 or $2.3 will have to wait until the announcement of dividends in Feb 2018. oldcoconut      ( Date: 08-Dec-2017 23:06) Posted: Next Mon hopefully up 30 cents. Huat!!!
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oldcoconut Senior	08-Dec-2017 23:06        oldcoconut About Contact  Quote this Post!
x 0   x 0  Alert Admin	Next Mon hopefully up 30 cents. Huat!!!
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Sunstar Senior	08-Dec-2017 22:49        Sunstar About Contact  Quote this Post!
x 0   x 0  Alert Admin	Uber tried to corner the market by flooding the road with vehicles and subsidising its Drivers to rent its cars. How to make money from taking just 20% of the fare. Uber is throwing in the towel to stop its billions of losses. Get rid of it?s csr leasing business and just focus on 20% cut of its fare. So now uber can focus on comforts 15k cabs and just let Comfort focus on the leasing. Uber idling cars has nothing to do with Comfort.
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Sunstar Senior	08-Dec-2017 22:38        Sunstar About Contact  Quote this Post!
x 0   x 0  Alert Admin	Comfort just added another 12k into its fleet. And these are not cars idling. Uber has 14k cars, but comfort only take in 12.4k of these already leased out cars. Read the annc carefully. And they took in the cars cheaply. The daily rental will add to its profit. Reason why LCR is losing money is because of the idling cars which Comfort is not involved in. And LCR has no economy of scale in maintenance of vehicles which adds to the business cost. destinykraze      ( Date: 08-Dec-2017 21:32) Posted: Nobody said it' s completely bad. But it' s definitely not good news. A lot of uncertainty, a lot of cash going out which puts Comfortdelgro in the red. As of now, it is leaning towards bad-neutral. Comfortdelgro already has to deal with it' s idling fleet of cabs. adding another 12k is a good idea? The repairs profit? It does not make sense as comfortdelgro has 51% stake in LCR, it also cost $ to repair, whatever you charge, you are getting left pocket to right pocket. Remember LCR is a loss-making company. -$295m. You still have to deal with depreciating assets, if there are even 10% idling cars throughout the period. You would have completely lost whatever discount you got from the NAV. THINK!   Stanton      ( Date: 08-Dec-2017 20:48) Posted: $295M is 10% discount to NAV, this will be repaid over the life of the car. Leasing profit should conservatively be around 8.5% of ROIC which bings it to $25M pa for CDG's 51% stake. Assuming a conservative $1k pa for maintenance and repair profit for 12,450 cars will translate to $12.45M This gives a total GP of 37.45M. CDG can garner significant cost savings by combining their team with LCR. CDG is more experienced than LCR in fleet management. How can this be bad new
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Observers Elite	08-Dec-2017 22:11        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	I' m just concerned if lvl 5 autonomous cars come out in 2 years time, will this whole JV have to be written off? I' m sure Uber has a much better idea of the automous vehicle timeline than CDG given the amount each party has invested in this relatively new technology. edwinjup      ( Date: 08-Dec-2017 21:58) Posted: They are selling 47k /car with coe to this joint venture....wan cry also bo tears.. wanglausern      ( Date: 08-Dec-2017 21:52) Posted: As I predicted, a deal  on Uber' s terms. LCR  & Uber are  laughing to the bank. Uber' s business in S' pore is suffering and LCR is stuck with a huge number of their 14,000 cars. The situation is so bad that LCR is having difficulty to find space to park their unhired  cars. If Uber can' t compete with Grab do you think Comfort can make any difference. I don' t think so and they' re throwing away their $642m. Comfort is jumping out of the frying pan and into the fire.
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wanglausern Senior	08-Dec-2017 22:07        wanglausern About Contact  Quote this Post!
x 0   x 0  Alert Admin	Uber would not hand over 51%  if their Singapore' s operation is  not in a mess   especially not after SoftBank has agreed to invest USD10b.
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Observers Elite	08-Dec-2017 22:03        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	I just googled Uber and Black Rock.  Fidelity Investments put in about $425 million, Wellington Management added $209 million and BlackRock Inc contributed $175 million, according to a person familiar with the matter. Seems like Blackrock is an early investor in Uber in 2014, not sure if it still has a stake in Uber now. If they do, does this make it an interested party transaction since Blackrock is also the single biggest investor in CDG?
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edwinjup Supreme	08-Dec-2017 21:58        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	They are selling 47k /car with coe to this joint venture....wan cry also bo tears.. wanglausern      ( Date: 08-Dec-2017 21:52) Posted: As I predicted, a deal  on Uber' s terms. LCR  & Uber are  laughing to the bank. Uber' s business in S' pore is suffering and LCR is stuck with a huge number of their 14,000 cars. The situation is so bad that LCR is having difficulty to find space to park their unhired  cars. If Uber can' t compete with Grab do you think Comfort can make any difference. I don' t think so and they' re throwing away their $642m. Comfort is jumping out of the frying pan and into the fire.   wanglausern      ( Date: 07-Dec-2017 20:07) Posted: If there is any merger it' ll be at Uber' s terms because Japan SoftBank has just invested USD10b in Uber. Since last month Uber has been agressively handing out very attractive incentives to attract drivers, and generous promos to riders and so they don' t need to merge with CDG
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wanglausern Senior	08-Dec-2017 21:52        wanglausern About Contact  Quote this Post!
x 0   x 0  Alert Admin	As I predicted, a deal  on Uber' s terms. LCR  & Uber are  laughing to the bank. Uber' s business in S' pore is suffering and LCR is stuck with a huge number of their 14,000 cars. The situation is so bad that LCR is having difficulty to find space to park their unhired  cars. If Uber can' t compete with Grab do you think Comfort can make any difference. I don' t think so and they' re throwing away their $642m. Comfort is jumping out of the frying pan and into the fire.   wanglausern      ( Date: 07-Dec-2017 20:07) Posted: If there is any merger it' ll be at Uber' s terms because Japan SoftBank has just invested USD10b in Uber. Since last month Uber has been agressively handing out very attractive incentives to attract drivers, and generous promos to riders and so they don' t need to merge with CDG. Starship      ( Date: 07-Dec-2017 19:10) Posted: ComfortDelGro loses 11% of its value in absence of Uber deal THU, DEC 07, 2017 - 5:38 PM [SINGAPORE] ComfortDelGro Corp has lost S$500 million in just four months - on track to become Singapore' s second-worst performing stock in 2017 - as investors lose patience over a planned venture with Uber Technologies Inc. More than three months after the operator of Singapore' s largest taxi fleet said it is in talks with Uber Technologies Inc for a potential alliance, nothing has been announced. ComfortDelGro has lost about 11 per cent of its value since announcing the negotiations in August. The stock' s market capitalisation has declined by US$1.2 billion so far this year, mainly on concerns about its taxi business. Company executives have " hinted" that the discussions with Uber would likely end by the end of 2017, but no commitment has been given, Eugene Chua, an analyst at OCBC Investment Research wrote in a note on Nov 29. Investors should remain cautious even if a deal is reached as competitor Grab could " respond promptly" to the alliance, he said. http://www.businesstimes.com.sg/companies-markets/comfortdelgro-loses-11-of-its-value-in-absence-of-uber-deal
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edwinjup Supreme	08-Dec-2017 21:47        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just treat.comfort is buying 14000 1-2 yrs old money spinning machine.at 47k.each....comfort.is not buying uber or burning money to create.promo.code fornus to.get rebate..just buying the machine...each machine can produce $70 daily...and if convert to.taxi...is $126 daily..lol
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destinykraze Elite	08-Dec-2017 21:32        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	Nobody said it' s completely bad. But it' s definitely not good news. A lot of uncertainty, a lot of cash going out which puts Comfortdelgro in the red. As of now, it is leaning towards bad-neutral. Comfortdelgro already has to deal with it' s idling fleet of cabs. adding another 12k is a good idea? The repairs profit? It does not make sense as comfortdelgro has 51% stake in LCR, it also cost $ to repair, whatever you charge, you are getting left pocket to right pocket. Remember LCR is a loss-making company. -$295m. You still have to deal with depreciating assets, if there are even 10% idling cars throughout the period. You would have completely lost whatever discount you got from the NAV. THINK!   Stanton      ( Date: 08-Dec-2017 20:48) Posted: $295M is 10% discount to NAV, this will be repaid over the life of the car. Leasing profit should conservatively be around 8.5% of ROIC which bings it to $25M pa for CDG's 51% stake. Assuming a conservative $1k pa for maintenance and repair profit for 12,450 cars will translate to $12.45M This gives a total GP of 37.45M. CDG can garner significant cost savings by combining their team with LCR. CDG is more experienced than LCR in fleet management. How can this be bad new? halleluyah      ( Date: 08-Dec-2017 20:01) Posted: Yup, I think its not well spent...problem is still there....may b might get into deeper shit..
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