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No Signboard IPO

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Siwomp
    05-Dec-2017 12:44  
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I as expecting more strength.........time to do a ring fencing......

Siwomp      ( Date: 05-Dec-2017 09:15) Posted:

looking positive.........

 
 
Siwomp
    05-Dec-2017 09:15  
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looking positive.........
 
 
samudra
    01-Dec-2017 21:55  
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lost and cannot find as there is no sign board. Look like price of no sign board will go below IPO price


destinykraze      ( Date: 01-Dec-2017 20:17) Posted:

Ask the ah hai to buy la. Praise until like godsend like that, price so low now. Go mortgage your house, all in for this stock, NATO.

hallelu      ( Date: 01-Dec-2017 19:16) Posted:

alamat, no sign board, how to find the way home lol


 

 
destinykraze
    01-Dec-2017 20:17  
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Ask the ah hai to buy la. Praise until like godsend like that, price so low now. Go mortgage your house, all in for this stock, NATO.

hallelu      ( Date: 01-Dec-2017 19:16) Posted:

alamat, no sign board, how to find the way home lol!

beginners      ( Date: 01-Dec-2017 19:14) Posted:

No signboard = lead you you buey jin choo (don?t know the way home)


 
 
hallelu
    01-Dec-2017 19:16  
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alamat, no sign board, how to find the way home lol!

beginners      ( Date: 01-Dec-2017 19:14) Posted:

No signboard = lead you you buey jin choo (don?t know the way home).

samudra      ( Date: 01-Dec-2017 16:46) Posted:



No signboard is one of the worst IPO


 
 
beginners
    01-Dec-2017 19:14  
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No signboard = lead you you buey jin choo (don?t know the way home).

samudra      ( Date: 01-Dec-2017 16:46) Posted:



No signboard is one of the worst IPO

 

 
analysistar
    01-Dec-2017 17:02  
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No need to wait for next week, it' s already dead. $0.285. 

destinykraze      ( Date: 01-Dec-2017 16:27) Posted:

In order for BBs to earn money. Most retailer will take losses and vice versa. The more you induce people to buy high, the easier it is for BBs unload and say Bye. By next week, no action equals to dead stock. good luck

 
 
samudra
    01-Dec-2017 16:46  
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No signboard is one of the worst IPO
 
 
destinykraze
    01-Dec-2017 16:27  
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In order for BBs to earn money. Most retailer will take losses and vice versa. The more you induce people to buy high, the easier it is for BBs unload and say Bye. By next week, no action equals to dead stock. good luck
 
 
churnw
    01-Dec-2017 16:02  
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No movement today ...
 

 
callndrew
    01-Dec-2017 15:23  
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Let' s not jealous. sometime ppl have won the day intra played. And started drinking earlier to celebrate. Else, it could be just an exchange of opinion. TGIF and lets huat for this weekend closing...

 

eagleeyes1989      ( Date: 01-Dec-2017 14:01) Posted:

think he' s high but iq low

analysistar      ( Date: 01-Dec-2017 12:58) Posted:

You high on drugs


 
 
eagleeyes1989
    01-Dec-2017 14:01  
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think he' s high but iq low

analysistar      ( Date: 01-Dec-2017 12:58) Posted:

You high on drugs?

wcp2017      ( Date: 01-Dec-2017 12:56) Posted:

Speak like a reasonable man. Unlike that one who holds only 4 lot but kpkm dont know what. Not vested yet. But my opinion is this : Never Ever look down on other people (e.g. a lot look down on jack ma when he was an unknown, cannot find jobs easily). Also never ever look down on unknown brands, new brands , new startups. Nokia made a mistake by ignoring Apple new entry . Telstra Optus Vodafone all look down on TPG new kid on the block but was shocked to see it rise high and conquering over market share. It is good to know CEO hss ambitions esp. In the Beer biz. Why Kimly generating cash flow and now have $85 mil the stock price didnt spike up because it didbt give market an exciting directions. All Sam Lim needs is to find the right JV partner , for the indonesia Malaysia Vietnam markets . If you find the right connections, it is easy to get a market share in the Indonesia and Malaysia markets. What is popular here e.g. maggie mee indonesia may have diff taste e.g. indo mie. It is all about Strategic Partnerships and marketing. One right move and you can hit the jackpot


 
 
analysistar
    01-Dec-2017 12:58  
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You high on drugs?

wcp2017      ( Date: 01-Dec-2017 12:56) Posted:

Speak like a reasonable man. Unlike that one who holds only 4 lot but kpkm dont know what. Not vested yet. But my opinion is this : Never Ever look down on other people (e.g. a lot look down on jack ma when he was an unknown, cannot find jobs easily). Also never ever look down on unknown brands, new brands , new startups. Nokia made a mistake by ignoring Apple new entry . Telstra Optus Vodafone all look down on TPG new kid on the block but was shocked to see it rise high and conquering over market share. It is good to know CEO hss ambitions esp. In the Beer biz. Why Kimly generating cash flow and now have $85 mil the stock price didnt spike up because it didbt give market an exciting directions. All Sam Lim needs is to find the right JV partner , for the indonesia Malaysia Vietnam markets . If you find the right connections, it is easy to get a market share in the Indonesia and Malaysia markets. What is popular here e.g. maggie mee indonesia may have diff taste e.g. indo mie. It is all about Strategic Partnerships and marketing. One right move and you can hit the jackpot.

callndrew      ( Date: 01-Dec-2017 12:34) Posted:

IMHO, this corner is to share info. if there is anyone trying to induce one another to buyin or shortin is also up to the listener. listener should do their own study/research rather than speculating a hear-say. else it turn as a gambling game and no one is to blame. I think we know be it speculating, investing or gambling it all share the same philosophy on " play responsibly" to yourself.

neither " you" or i know each other well, we gather together to share the " Good Fortune" luck among others but not excluding there could be some unlucky one. I once commit the same mistake n didnt follow the do and dont. end up got burn but cannot blame others but myself. so, it is wise to do some study b4 rushing in.

one can give leads but MUST STUDY on our own


 
 
wcp2017
    01-Dec-2017 12:56  
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Speak like a reasonable man. Unlike that one who holds only 4 lot but kpkm dont know what. Not vested yet. But my opinion is this : Never Ever look down on other people (e.g. a lot look down on jack ma when he was an unknown, cannot find jobs easily). Also never ever look down on unknown brands, new brands , new startups. Nokia made a mistake by ignoring Apple new entry . Telstra Optus Vodafone all look down on TPG new kid on the block but was shocked to see it rise high and conquering over market share. It is good to know CEO hss ambitions esp. In the Beer biz. Why Kimly generating cash flow and now have $85 mil the stock price didnt spike up because it didbt give market an exciting directions. All Sam Lim needs is to find the right JV partner , for the indonesia Malaysia Vietnam markets . If you find the right connections, it is easy to get a market share in the Indonesia and Malaysia markets. What is popular here e.g. maggie mee indonesia may have diff taste e.g. indo mie. It is all about Strategic Partnerships and marketing. One right move and you can hit the jackpot.

callndrew      ( Date: 01-Dec-2017 12:34) Posted:

IMHO, this corner is to share info. if there is anyone trying to induce one another to buyin or shortin is also up to the listener. listener should do their own study/research rather than speculating a hear-say. else it turn as a gambling game and no one is to blame. I think we know be it speculating, investing or gambling it all share the same philosophy on " play responsibly" to yourself.

neither " you" or i know each other well, we gather together to share the " Good Fortune" luck among others but not excluding there could be some unlucky one. I once commit the same mistake n didnt follow the do and dont. end up got burn but cannot blame others but myself. so, it is wise to do some study b4 rushing in.

one can give leads but MUST STUDY on our own.

wcp2017      ( Date: 01-Dec-2017 10:42) Posted:

Who told u i bought ? I commented here is because i like to give opinions. E.g. alliance minerals. I not vested but i comment. your wordings tell much about your character. u no good.


 
 
callndrew
    01-Dec-2017 12:34  
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IMHO, this corner is to share info. if there is anyone trying to induce one another to buyin or shortin is also up to the listener. listener should do their own study/research rather than speculating a hear-say. else it turn as a gambling game and no one is to blame. I think we know be it speculating, investing or gambling it all share the same philosophy on " play responsibly" to yourself.

neither " you" or i know each other well, we gather together to share the " Good Fortune" luck among others but not excluding there could be some unlucky one. I once commit the same mistake n didnt follow the do and dont. end up got burn but cannot blame others but myself. so, it is wise to do some study b4 rushing in.

one can give leads but MUST STUDY on our own.

wcp2017      ( Date: 01-Dec-2017 10:42) Posted:

Who told u i bought ? I commented here is because i like to give opinions. E.g. alliance minerals. I not vested but i comment. your wordings tell much about your character. u no good.

callndrew      ( Date: 01-Dec-2017 10:19) Posted:

.............. speechles


 

 
wcp2017
    01-Dec-2017 11:35  
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1. Who wrote this ? Why . 2. Heard of Propanganda of Agenda ? 3.All IPO iz to cash out a bit. Razer too. 4. Let's see the P & L. This is most important. If profit ok and trading at 12 to 15 times PE, ok.

destinykraze      ( Date: 01-Dec-2017 11:22) Posted:

Investor' s don' t look at existing sales. When you are buying the shares, you are already paying for what it' s worth. People are looking for potential growth.

Then if you are so good, try to help them address some of the issues, and comtemplate a possible situation for these problems.
 
Some of my concerns
  • Declining revenue and stagnating profitability  - The revenue has been declining for the last 3 years with profitability fluctuating between $6.5m to $9m. The future prospects doesn' t seem exciting. Other than the new causal dining concept, it is tough to visualise at this juncture, how the beer and ready-meal business is able to scale up significantly. As you have seen from the results, the Company has not been able to expand beyond its " No Signboard Seafood" heritage 
  • Owners are cashing out  - The owners are cashing out of this IPO. While some may see this as " giving investors" a chance to invest in the business, the fact of the matter is that the owners are selling out at a high valuation and " de-risking" themselves while holding on to a 73% stake. Investors are now taking on the risk of expanding the business into beer and ready meals segment.
  • Overseas expansion failures  - The Company tried to expand to Hong Kong, Jakarta and Macau and the experiences had been humbling. They have not been able to crack the markets beyond Singapore. I hope the lessons learnt from these experiences will come in useful when they use the shareholders' funds to expand overseas but the prior forays has been less than encouraging
  • Future prospects is unclear  - The beer business is newly acquired and the ready-meals business are untested. As you can see from the pro forma statements, acquiring the beer business has been dilutive to its earnings. I am also not sure why the Company is venturing into beer brewing business as it is highly competitive and dominated by a few big brands that distribute brands such as Heneiken and Tiger
  • Other conflict of interest  - Besides the " loss of crown jewel" , the other potential conflict of interest is the Ma2 Shop that operates vending machines selling ready meals in Singapore. The vendor has a 51% stake in Ma2! (see the write up on Mattar Road No Signboard below)
  • Unproven track record of OCBC  - It is surprising to see OCBC back in the IPO game as they have not been able to gain any meaningful toe-hold into this business. Let' s see how No Signboard perform in the coming months before we decide if OCBC is back in the IPO business  (For avoidance of doubt - i was referring to OCBC being the sole lead in the Catalist segment) 
Why is the " Crown Jewel" - Mattar Road No Signboard Seafood Restaurant excluded?
  • Loss of crown jewel  - I was frankly quite " disturbed" to discover that the restaurant in Geylang is actually owned by the relatives of the founders. This is probably one of the most profitable outlets under No Signboard. The franchise arrangement is new as it was only established on 1 Nov 2017. The franchise fee is only $12,000 a month with no revenue sharing. I will be appalled if No Signboard intend to build up its franchise model using the current arrangement. I would also have preferred they cleaned up this arrangement or acquire the Geylang outlet prior to its IPO. The most " funny" part is that the Company was then " granted" a license to use the premises of Mattar Road No Signboard Seafood Restaurant at $12,000 per month!  That effectively means that franchised outlet is not paying any franchise fee at all... now it leaves a big question mark in my head!!  Assuming each outlet produces a net profit of at least $2.6m (and my gut feel is that the Geylang outlet is one of the most profitable outlet), it effectively allows the crown jewel to enjoy the benefits of the " brand" without having to pay any royalty fees. The fact that the Company has the right of first refusal to future sale of this outlet is of no comfort to me! Can the Independent directors address this concern please? 


wcp2017      ( Date: 01-Dec-2017 11:08) Posted:

Oh u mean this ? Now Denmark Draft annual sales about 80 000 barrels. Have a lot of room to improve. If they do it right, may be a jackpot. Anything i said wrong ? Btw, i hate yuuzoo the most. What microsoft


 
 
destinykraze
    01-Dec-2017 11:22  
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Investor' s don' t look at existing sales. When you are buying the shares, you are already paying for what it' s worth. People are looking for potential growth.

Then if you are so good, try to help them address some of the issues, and comtemplate a possible situation for these problems.
 
Some of my concerns
  • Declining revenue and stagnating profitability  - The revenue has been declining for the last 3 years with profitability fluctuating between $6.5m to $9m. The future prospects doesn' t seem exciting. Other than the new causal dining concept, it is tough to visualise at this juncture, how the beer and ready-meal business is able to scale up significantly. As you have seen from the results, the Company has not been able to expand beyond its " No Signboard Seafood" heritage 
  • Owners are cashing out  - The owners are cashing out of this IPO. While some may see this as " giving investors" a chance to invest in the business, the fact of the matter is that the owners are selling out at a high valuation and " de-risking" themselves while holding on to a 73% stake. Investors are now taking on the risk of expanding the business into beer and ready meals segment.
  • Overseas expansion failures  - The Company tried to expand to Hong Kong, Jakarta and Macau and the experiences had been humbling. They have not been able to crack the markets beyond Singapore. I hope the lessons learnt from these experiences will come in useful when they use the shareholders' funds to expand overseas but the prior forays has been less than encouraging
  • Future prospects is unclear  - The beer business is newly acquired and the ready-meals business are untested. As you can see from the pro forma statements, acquiring the beer business has been dilutive to its earnings. I am also not sure why the Company is venturing into beer brewing business as it is highly competitive and dominated by a few big brands that distribute brands such as Heneiken and Tiger
  • Other conflict of interest  - Besides the " loss of crown jewel" , the other potential conflict of interest is the Ma2 Shop that operates vending machines selling ready meals in Singapore. The vendor has a 51% stake in Ma2! (see the write up on Mattar Road No Signboard below)
  • Unproven track record of OCBC  - It is surprising to see OCBC back in the IPO game as they have not been able to gain any meaningful toe-hold into this business. Let' s see how No Signboard perform in the coming months before we decide if OCBC is back in the IPO business  (For avoidance of doubt - i was referring to OCBC being the sole lead in the Catalist segment) 
Why is the " Crown Jewel" - Mattar Road No Signboard Seafood Restaurant excluded?
  • Loss of crown jewel  - I was frankly quite " disturbed" to discover that the restaurant in Geylang is actually owned by the relatives of the founders. This is probably one of the most profitable outlets under No Signboard. The franchise arrangement is new as it was only established on 1 Nov 2017. The franchise fee is only $12,000 a month with no revenue sharing. I will be appalled if No Signboard intend to build up its franchise model using the current arrangement. I would also have preferred they cleaned up this arrangement or acquire the Geylang outlet prior to its IPO. The most " funny" part is that the Company was then " granted" a license to use the premises of Mattar Road No Signboard Seafood Restaurant at $12,000 per month!  That effectively means that franchised outlet is not paying any franchise fee at all... now it leaves a big question mark in my head!!  Assuming each outlet produces a net profit of at least $2.6m (and my gut feel is that the Geylang outlet is one of the most profitable outlet), it effectively allows the crown jewel to enjoy the benefits of the " brand" without having to pay any royalty fees. The fact that the Company has the right of first refusal to future sale of this outlet is of no comfort to me! Can the Independent directors address this concern please? 


wcp2017      ( Date: 01-Dec-2017 11:08) Posted:

Oh u mean this ? Now Denmark Draft annual sales about 80 000 barrels. Have a lot of room to improve. If they do it right, may be a jackpot. Anything i said wrong ? Btw, i hate yuuzoo the most. What microsoft ?

wcp2017      ( Date: 01-Dec-2017 01:28) Posted:

I particularly like their going to into beverage biz. The Draft Denmark Beer can be a potential big jackpot winner. They need to find the right partner for Malayaia Indonesia Vietnam markets. Either in JV brewery or in distributors partnerships. If I were Sam Lim, i will have a beer dicussion with Tan Sri Vincent Tan. Tan Sri Vincent Tan owns the 7- 11 outlets in Malaysia. He also has hotels and hospitality biz across the globe, mainly in Asia. VT is a good honorable biz man to partner with. One of the options.


 
 
wcp2017
    01-Dec-2017 11:08  
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Oh u mean this ? Now Denmark Draft annual sales about 80 000 barrels. Have a lot of room to improve. If they do it right, may be a jackpot. Anything i said wrong ? Btw, i hate yuuzoo the most. What microsoft ?

wcp2017      ( Date: 01-Dec-2017 01:28) Posted:

I particularly like their going to into beverage biz. The Draft Denmark Beer can be a potential big jackpot winner. They need to find the right partner for Malayaia Indonesia Vietnam markets. Either in JV brewery or in distributors partnerships. If I were Sam Lim, i will have a beer dicussion with Tan Sri Vincent Tan. Tan Sri Vincent Tan owns the 7- 11 outlets in Malaysia. He also has hotels and hospitality biz across the globe, mainly in Asia. VT is a good honorable biz man to partner with. One of the options.

 
 
destinykraze
    01-Dec-2017 10:58  
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It' s because we have people using clone account posting irrelevant stuff like yuuzoo becoming the next microsoft.
Clones account bumping own agenda. 
People talking about god, actually trying to use god' s name for own agenda.
Post relevant stuff not nonsense!!! Stuff supported by evidence, facts and numbers. Not some made up stories like nobody brand beer going international.
 
 
wcp2017
    01-Dec-2017 10:57  
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destinykraze said he alloted 4 lots. Instead of being thankful and grateful, he kpkb . If dont like why subscribe ? And only 4 lot worth $1120. yet he kpkb as if like he vestef $1 mil . Dont understand why he so gan cheong.
 
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