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edwinjup Supreme	08-Dec-2017 18:44        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Monday short cover until siao....?? hogwarts5983      ( Date: 08-Dec-2017 18:33) Posted: So why was there such a large selldown? I would consider the LCR acquisition to be really good news for Comfort. So those who heard the news early before break, WHY SELL?
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investshare Supreme	08-Dec-2017 18:37        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	They already idling taxi, buy more?
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pool100 Veteran	08-Dec-2017 18:37        pool100 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe insiders didn' t like the fact that so much money was spent to acquire a loss making company. Their biggest competitor Grab is still out there. hogwarts5983      ( Date: 08-Dec-2017 18:33) Posted: So why was there such a large selldown? I would consider the LCR acquisition to be really good news for Comfort. So those who heard the news early before break, WHY SELL?
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Starship Supreme	08-Dec-2017 18:36        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Valued at $642m but cash consideration is $295m. So what happens to the remaing $347m ? Disappear into thin air?  Quote: In a statement, ComfortDelGro said the deal, which is subject to regulatory approval, is valued at about $642 million, with a cash consideration of $295 million. Unquote
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Stanton Veteran	08-Dec-2017 18:36        Stanton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Leasing business is never loss making if properly managed and CDG is good at that. In LCR case is more likely due to redundant fleet that is not generating revenue. CDG has stated that will increase when necessary so they are likely to be taking over only productive fleets. Next reason is due to special discounts give by Uber to attract drivers. With CDG as majority, Uber as a separate entity will need to pay for any subsidy they give to the lessees. CDG will only consolidate future earnings not historical losses. pool100      ( Date: 08-Dec-2017 18:20) Posted: They just spent close to 0.3 billion dollars buying a loss making company. How is that good business sense?
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hogwarts5983 Member	08-Dec-2017 18:33        hogwarts5983 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So why was there such a large selldown? I would consider the LCR acquisition to be really good news for Comfort. So those who heard the news early before break, WHY SELL?
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seba240698 Senior	08-Dec-2017 18:29        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	LCR cars are on average 2 to 3 years old. If I can buy a 3-year old car at $47k in Singapore, I consider myself lucky, it is a bargain! Stanton      ( Date: 08-Dec-2017 18:25) Posted: This is a fantastic deal doe CDG. They are experienced in fleet management and the price of $295m works out to $47k per vehicle which is cheap. CDG get to benefit from leasing revenue and servicing. If Uber wants to reduce rental then Uber can subsidise all they want. CDG won't be so silly to burn cash to help uber. The availability of uber app for taxis will bring great relief to taxi drivers and they will benefit from increase customer demand. So taxi drivers have little reason to jump ship. Alternatively they can always switch to be uber driver. Overall, I see CDG coming back in the game with this tie up.
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edwinjup Supreme	08-Dec-2017 18:27        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rental...15000 cars*$70 per day * 365days.....howany millions....?? Think 5000 to 7000 toyota prius can replace comfort sonata ($90) to $126 toyota prius taxi...comfort wan to phrase.out old taxi
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Stanton Veteran	08-Dec-2017 18:25        Stanton About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is a fantastic deal doe CDG. They are experienced in fleet management and the price of $295m works out to $47k per vehicle which is cheap. CDG get to benefit from leasing revenue and servicing. If Uber wants to reduce rental then Uber can subsidise all they want. CDG won't be so silly to burn cash to help uber. The availability of uber app for taxis will bring great relief to taxi drivers and they will benefit from increase customer demand. So taxi drivers have little reason to jump ship. Alternatively they can always switch to be uber driver. Overall, I see CDG coming back in the game with this tie up.
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pool100 Veteran	08-Dec-2017 18:20        pool100 About Contact  Quote this Post!
x 0   x 0  Alert Admin	They just spent close to 0.3 billion dollars buying a loss making company. How is that good business sense?
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seba240698 Senior	08-Dec-2017 18:20        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	CDG hs 53 % means its calls the shot. Who says it must give promo code? investshare      ( Date: 08-Dec-2017 18:17) Posted: Well done, burn money together! Expect more promo code. john_ric      ( Date: 08-Dec-2017 18:01) Posted: latest.. comfort buys 52 pcnt of uber sgp. .
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seba240698 Senior	08-Dec-2017 18:18        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	And with PHVs, those taxi drivers interested will likely not jump ship to Grab, and passengers will are loyal to CDG taxis but also like PHVs will now not hesitate to book via Uber platform, just like JUSTGRAB. Anyway this is a acquistion, CDG has the final say how to run and rent its PHVs, it may sell off some of them if it is too many. With its enginering knowhow and technical workshops and in-house accident repairs technicians, who knows it may be able to sell petrol to 15,000 PHVs too.
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investshare Supreme	08-Dec-2017 18:17        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well done, burn money together! Expect more promo code. john_ric      ( Date: 08-Dec-2017 18:01) Posted: latest.. comfort buys 52 pcnt of uber sgp. .
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seba240698 Senior	08-Dec-2017 18:14        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It could be expensive but let' s take a look this way. CDG is going to downsize its fleet, its workshops will be empty, LCR 15,000 cars just fit into it.   As I estimated previously, the revenue to CDG Automotive Arm will be $1kx15,000 = $15 mil per year! Don' t forget accident repair and VICOM isnpection!!!    This is not a loose tie-up like Grab and SMRT and other taxi coys!   This is an ACQUISITION!   Brovo CDG, I salute your decision, this is more than alliance.
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edwinjup Supreme	08-Dec-2017 18:11        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lcr poor mgt.....so with comfort takeover the control...things will very different..imagine comfort can rental.out i40 or toyota prius at $126 daily. ..so it is not diffcult to rent out lcr car...and comfort can replace all their old sonata cab(with lcr toyota prius......think this is a good deal... pool100      ( Date: 08-Dec-2017 18:05) Posted: Sounds like an expensive deal for CDG. Lion city rentals are not exactly a great business and it' s very likely loss making. For CDG to pay $295m to buy a loss making company doesn' t sound like good business sense. Besides, gaining more market share isn' t exactly going to help them when you have grab offering more promos to keep rentals low. Sounds like a poor deal for shareholders in the long run.
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pool100 Veteran	08-Dec-2017 18:05        pool100 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sounds like an expensive deal for CDG. Lion city rentals are not exactly a great business and it' s very likely loss making. For CDG to pay $295m to buy a loss making company doesn' t sound like good business sense. Besides, gaining more market share isn' t exactly going to help them when you have grab offering more promos to keep rentals low. Sounds like a poor deal for shareholders in the long run.
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edwinjup Supreme	08-Dec-2017 18:05        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Monday u will ask urself why dont u buy at $2....likely trade above $2 as comfort expect to book a gain Tommy12356      ( Date: 08-Dec-2017 17:57) Posted: My Broker ask me buy at 2.00, lucky I did not buy ... anonymoustrader      ( Date: 08-Dec-2017 17:54) Posted: just wondering is this good news or not? thought a large number of CDG drivers would use grab app on their own and few ppl use uber in SG?
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john_ric Supreme	08-Dec-2017 18:01        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	latest.. comfort buys 52 pcnt of uber sgp. .
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Tommy12356 Master	08-Dec-2017 17:57        Tommy12356 About Contact  Quote this Post!
x 0   x 0  Alert Admin	My Broker ask me buy at 2.00, lucky I did not buy ... anonymoustrader      ( Date: 08-Dec-2017 17:54) Posted: just wondering is this good news or not? thought a large number of CDG drivers would use grab app on their own and few ppl use uber in SG?
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anonymoustrader Member	08-Dec-2017 17:54        anonymoustrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	just wondering is this good news or not? thought a large number of CDG drivers would use grab app on their own and few ppl use uber in SG?
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