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Spackman entertainment
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TeoMark
Veteran |
20-Jun-2022 09:26
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The next spankman production is going to be titled ' Cash to No Man' s Land' .
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tankoksee
Supreme |
20-Jun-2022 09:00
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cash per share is 8 ...siah
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Joelton
Supreme |
18-Jun-2022 10:09
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Spackman up 25% following independent review
SHARES of Spackman Entertainment Group : 40E +25% saw heavy trading on Friday (Jun 17) a day after the regulatory arm of the Singapore Exchange (SGX RegCo) issued a statement on Spackman, addressing a Thursday report by Deloitte & Touche Financial Advisory Services.
As at 9.02 am, Spackman shares opened 25 per cent or S$0.001 higher at S$0.005.
The counter maintained its share price at this level after some 20.5 million securities changed hands as at the midday trading break, making the counter 1 of the top 10 most actively traded by volume on the Singapore bourse.
No married deals were recorded in early trade, according to ShareInvestor data.
The statement issued by SGX RegCo on Thursday addressed the report by Deloitte & Touche Financial Advisory Services released as well as a notice of compliance issed to the company previously on Sep 3, 2020.
SGX RegCo noted between March 2017 and August 2018, Spackman had entered into 5 share sale and purchase agreements with various vendors to purchase shares in Spackman Media Group Limited (SMGL) at US$3 each, increasing the company&rsquo s shareholding in SMGL to 43.88 per cent from 24.53 per cent.
In its report, Deloitte was unable to conclude if the acquisition price of US$3 per share was reasonable due to a lack of a proper valuation being conducted on SMGL, SGX RegCo added.
Noting that the board had relied on the representations from the company&rsquo s management and past events and reports to approve certain past acquisitions, Deloitte highlighted that the board should have commissioned a valuation of SMGL shares to safeguard the interest of the company&rsquo s shareholders.
Deloitte concluded there were potential breaches of Catalist listing rules, including the company&rsquo s failure to maintain a &ldquo robust and effective system of internal controls to address financial, operational and compliance risks pertaining to the past acquisitions&rdquo .
SGX RegCo said it will look into the potential rule breaches and where relevant, refer the Deloitte report to the relevant authorities for their further investigation into the past acquisitions mentioned.
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teeth53
Supreme |
17-Jun-2022 17:51
Yells: "don't learn through life, learn to grow with life " |
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😀 makdatok.....Happy arhh. Smile.
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tankoksee
Supreme |
17-Jun-2022 16:54
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superman coming ah | ||||
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TeoMark
Veteran |
17-Jun-2022 16:46
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This spankman is still alive?!!! | ||||
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tankoksee
Supreme |
17-Jun-2022 16:37
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looks interesting... p/e 2x..profitable co.. nta 2.5 cts..
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teeth53
Supreme |
17-Jun-2022 16:30
Yells: "don't learn through life, learn to grow with life " |
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+25% 1no....to 0.005. Vol - 65.000.000...😁
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tankoksee
Supreme |
17-Jun-2022 16:18
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huat for u..
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tankoksee
Supreme |
17-Jun-2022 16:09
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10/11 otot.........
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zhencheng
Member |
17-Jun-2022 12:15
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Is this produced by spackman?
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Eagleman
Member |
17-Jun-2022 10:32
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https://kbizoom.com/the-roundup-exceed-10-million-viewers-7-times-its-production-cost-without-filming-in-vietnam/
......the break-even point of &ldquo The Roundup&rdquo is estimated to be around 1.5 million..... |
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Eagleman
Member |
13-Jun-2022 16:40
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NET PROFITS FROM REVENUE = TOTAL BOX OFFICE REVENUE (100%)
Minus item 1 to 3 below & plus item 4
1) THEATRE OPERATOR FEES (50%)
Theatre Operator Takes Approximately 50% of Gross Box Office
2) DISTRIBUTION FEE & MARKETING COSTS & PRESENTER FEE
Distributor takes 10% of the amount of box office revenue not kept by theatre operators. Presenter takes 2% of Total Production Budget
3) TOTAL PRODUCTION BUDGET
Production Budget and P& A* Budget
4) (+ PLUS)
POST-THEATRICAL SALES
IPTV, Internet VOD, Mobile, DVD
NET PROFITS FROM REVENUE split into:
PRODUCER &ndash RECEIVE 40% OF PROFITS
INVESTOR &ndash RECEIVE 60% OF PROFITS
Extract from pg 11/161 of the latest annual report FY2021
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FrancisLim
Elite |
13-Jun-2022 14:19
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If you look at the past box offices that grossed more than this, the amount accruing to the Co was miniscule, no significant impact on its PL. The sharing of a film revenue is very complex...and as prior bigger box offices show, dont be misled in thinking that the amount accrue to the Co is significant. Will be disappointed. Meanwhile, everyone is waiting for SGX to call a timeline to the endless Maxwellisation of the indepentent reveiw report..One should ask - how the auditors, the Board were able to express the opinion that the past acquisition at astronimical price against NTA, NPAT were not unrelated...
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Eagleman
Member |
13-Jun-2022 09:41
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2017 The Outlaws gross revenue - $44,839,202
2022. The Roundup (A Sequel to The Outlaws), as of Jun 12, tickets sales - $84,966,159.
Release on May 18, 2022, it&rsquo s tickets sales almost double The Outlaws and is still running in cinemas.
Likely to hit more than US$90 million when it stop running in cinemas.
Will this film will adds positively to its profits?
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moonsun
Veteran |
08-Jun-2022 18:11
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Go read this hk judgement ..
https://legalref.judiciary.hk/lrs/common/ju/ju_frame.jsp?DIS=131421&currpage=T You will find the board are closely link to charles spackman. Smg sold to segl at us$3 they exit. Then buy back at $3 to another charles controlled 1.1 mil paper rntity by issuing worthless scripts with board and independent director approval. Imho i do think the entire board need to be fired for failure to do their duties .. Stay away..
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teeth53
Supreme |
08-Jun-2022 17:40
Yells: "don't learn through life, learn to grow with life " |
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😭 6 months and 6 months.....😀
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teeth53
Supreme |
08-Jun-2022 17:23
Yells: "don't learn through life, learn to grow with life " |
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Spackman Entertainment Group.......🤣 running circles around. | ||||
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FrancisLim
Elite |
08-Jun-2022 16:51
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Every time, there is an amendment of the independent reviewer report, it goes through a few months of Maxellisation? The Regulator should call an end if the amendment is not substantial and release the report.. In the first place, such an acquisition where the Co assurred the Exchange that there was no interests by related parties, the necessary due diligence should be done by the Board at the time of acquisition and declaration. And the substantive documentations should be available. All these merry go round...makes a mockery of the governance. |
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FrancisLim
Elite |
27-May-2022 10:13
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This saga is running circles around SGX.. draft, maxellisation, providing documents, difficulties in securing documents.. Let ask yourself the simple basic question - How did the Board ensure and make the representation that the purchase of the entity had no related party transaction what due diligence was done to ensure the price was equitable... inspite of the repeated SGX' s queries on the above, and the assurances from the Company.. It is about time, that SGX put its act together and call for time out, else it is disparaging the repute of the Regulators, although in this case one could infer that the Regulators could have done more and promptly... |
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