ComfortDelGro    Last:1.29   -

ComfortDelGro fundamentally strong but price weak

High mileage..meant got people use..good..not all idle at hdb carpark..each taxi clock in at least 100000km per year....comfort still rent out $126 per day even 5 yrs old i40..lol u can come compare transcab with comfort taxi..u will feel the diff....good maintaince team make a great different
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anonymoustrader      ( Date: 10-Dec-2017 09:33) Posted: The 295m is for 51% of NAV for the 12,450 cars which is 51% of 642m (about 327m). Is it really that much of a steal? "A car rental firm boss who didn?t rent out to Uber / Grab drivers told me that he would not buy any of these cars simply because of maintenance issues: while these cars are technically one to two years old, their mileage is crazily high, almost that of a ten-year-old car." Sure it does contribute to the engineering arm, even if $1000 per year for 14,000 cars, you need over 20 years to recoup your investment.? Sure it may help reduce driver outflow and maybe increase taxi rental, but it really depends if Uber can fight with grab(so far uber not really doing a good job). To make it worst, the remaining taxi companies got the same deal uber offered without paying a single cent. Just expressing my concerns thanks edwinjup      ( Date: 10-Dec-2017 09:13) Posted: $300m can buy how many prius from toyota with coe?? Current remain comfort drivers just wan more jobs orelse.pls cut rental..if reallybo choice..jump...that why silver cab growing.. so comfort choose to join uber rather than grab why?? 1) uber got.0 taxi and yet grab got.10k taxi 2) all know uber esp those outisde southeast asia...dont be surprise..lots of india and angmo are using uber in sg rather then grab... 3) most taxi drivers dont like.10% or 20% comm per call..they dont mind pay 60c per jobs 4) uber dont let drivers know where the destination b4 booking..so successful rate higher..better for us 5)comfort lost a lots of.corporate clients due to phv...with phv...comfort may able to get back some.of them 6)now only left 1.competitor.to fight..grab.. lol

 

The 295m is for 51% of NAV for the 12,450 cars which is 51% of 642m (about 327m). Is it really that much of a steal? "A car rental firm boss who didn?t rent out to Uber / Grab drivers told me that he would not buy any of these cars simply because of maintenance issues: while these cars are technically one to two years old, their mileage is crazily high, almost that of a ten-year-old car." Sure it does contribute to the engineering arm, even if $1000 per year for 14,000 cars, you need over 20 years to recoup your investment.? Sure it may help reduce driver outflow and maybe increase taxi rental, but it really depends if Uber can fight with grab(so far uber not really doing a good job). To make it worst, the remaining taxi companies got the same deal uber offered without paying a single cent. Just expressing my concerns thanks

edwinjup      ( Date: 10-Dec-2017 09:13) Posted: $300m can buy how many prius from toyota with coe?? Current remain comfort drivers just wan more jobs orelse.pls cut rental..if reallybo choice..jump...that why silver cab growing.. so comfort choose to join uber rather than grab why?? 1) uber got.0 taxi and yet grab got.10k taxi 2) all know uber esp those outisde southeast asia...dont be surprise..lots of india and angmo are using uber in sg rather then grab... 3) most taxi drivers dont like.10% or 20% comm per call..they dont mind pay 60c per jobs 4) uber dont let drivers know where the destination b4 booking..so successful rate higher..better for us 5)comfort lost a lots of.corporate clients due to phv...with phv...comfort may able to get back some.of them 6)now only left 1.competitor.to fight..grab.. lol investshare      ( Date: 10-Dec-2017 08:16) Posted: Ok what you said make some sense. But $300m is a lot of money. Let?s see how it works out

 

$300m can buy how many prius from toyota with coe??
Current remain comfort drivers just wan more jobs orelse.pls cut rental..if reallybo choice..jump...that why silver cab growing.. so comfort choose to join uber rather than grab why??
1) uber got.0 taxi and yet grab got.10k taxi
2) all know uber esp those outisde southeast asia...dont be surprise..lots of india and angmo are using uber in sg rather then grab...
3) most taxi drivers dont like.10% or 20% comm per call..they dont mind pay 60c per jobs
4) uber dont let drivers know where the destination b4 booking..so successful rate higher..better for us
5)comfort lost a lots of.corporate clients due to phv...with phv...comfort may able to get back some.of them
6)now only left 1.competitor.to fight..grab.. lol

investshare      ( Date: 10-Dec-2017 08:16) Posted: Ok what you said make some sense. But $300m is a lot of money. Let?s see how it works out. edwinjup      ( Date: 10-Dec-2017 08:06) Posted: Phv is a much bigger pie..think got 60k drivers..taxi in total only 26k..phv drivers cant drive taxi..but taxi driver can drive phv....by buying...instantly increase another 14k phv and think around 12k phv income ( 2k idle)..and that is a lots of money.... 1) comfort wan a bigger pie in sg rental market..do nothings will seeing their drivers returing their taxi daily and cant do anything..cut rental will retain them will need cut all bal 12k taxi..big money los 2) comfort dont need to cut taxi rental to retain those wan jump grab. If u wan phv. ..join comfort uber..same.with better service 3) comfort need to replace 7400 sonata taxi with toyota prius or electric car..as they wan to remove all disel car ..if cannot rent out..lcr can sell comfort ..and it is much cheaper than getting from toyota..by replacing sonota ($90)..to prius $126 daily..7400 *36 also a lots of money..all lcr still got got scape value 4) very few people get taxi license nowadays..hard to attract people..so supply limited...and driver need 30 years old and above..so comfort must change..they set up a training school with e2i..training taxi and all phv drivers..those below 30 can join phv.. 5) comfort share movement is decide by funds...we got no say...we only can wait for our 4 to 5% dividend yearly.. last. Coming friday is a witching day and year end window dressing coming ..expect some big movements on big cap counters..

 

I' m curious about the definition of utilization rate. If Uber gives out promotion on the rest of these idle cars, like free rental for first 6 months, and drivers snap it up, is CDG obliged to buy them over?

seba240698      ( Date: 10-Dec-2017 08:42) Posted: CDG is buying only12450 PHVs, not the entire fleet of 14k PHVs lcr has. The remaining 1550 PHVs are idle cars. CDG will buy them if the utilization rate increases. It is in the new release. edwinjup      ( Date: 10-Dec-2017 08:06) Posted: Phv is a much bigger pie..think got 60k drivers..taxi in total only 26k..phv drivers cant drive taxi..but taxi driver can drive phv....by buying...instantly increase another 14k phv and think around 12k phv income ( 2k idle)..and that is a lots of money.... 1) comfort wan a bigger pie in sg rental market..do nothings will seeing their drivers returing their taxi daily and cant do anything..cut rental will retain them will need cut all bal 12k taxi..big money los 2) comfort dont need to cut taxi rental to retain those wan jump grab. If u wan phv. ..join comfort uber..same.with better service 3) comfort need to replace 7400 sonata taxi with toyota prius or electric car..as they wan to remove all disel car ..if cannot rent out..lcr can sell comfort ..and it is much cheaper than getting from toyota..by replacing sonota ($90)..to prius $126 daily..7400 *36 also a lots of money..all lcr still got got scape value 4) very few people get taxi license nowadays..hard to attract people..so supply limited...and driver need 30 years old and above..so comfort must change..they set up a training school with e2i..training taxi and all phv drivers..those below 30 can join phv.. 5) comfort share movement is decide by funds...we got no say...we only can wait for our 4 to 5% dividend yearly.. last. Coming friday is a witching day and year end window dressing coming ..expect some big movements on big cap counters..

 

Until now nobody is confirmed on LCR' s debt level. Some say its 1 billion. If consolidated into CDG' s balance sheet, whats the gearing ratio by then? Also, any goodwill in this transaction? If the balance sheet and p& l statements is going to look horrible going forward, will there still be dividends? Or will management use this as an excuse to conserve cash for their big battle with Grab?

investshare      ( Date: 10-Dec-2017 08:39) Posted: For such big investment, need EGM or not? Will they show pro foma Balance sheet and P&L?

 

CDG is buying only12450 PHVs, not the entire fleet of 14k PHVs lcr has. The remaining 1550 PHVs are idle cars. CDG will buy them if the utilization rate increases. It is in the new release.

edwinjup      ( Date: 10-Dec-2017 08:06) Posted: Phv is a much bigger pie..think got 60k drivers..taxi in total only 26k..phv drivers cant drive taxi..but taxi driver can drive phv....by buying...instantly increase another 14k phv and think around 12k phv income ( 2k idle)..and that is a lots of money.... 1) comfort wan a bigger pie in sg rental market..do nothings will seeing their drivers returing their taxi daily and cant do anything..cut rental will retain them will need cut all bal 12k taxi..big money los 2) comfort dont need to cut taxi rental to retain those wan jump grab. If u wan phv. ..join comfort uber..same.with better service 3) comfort need to replace 7400 sonata taxi with toyota prius or electric car..as they wan to remove all disel car ..if cannot rent out..lcr can sell comfort ..and it is much cheaper than getting from toyota..by replacing sonota ($90)..to prius $126 daily..7400 *36 also a lots of money..all lcr still got got scape value 4) very few people get taxi license nowadays..hard to attract people..so supply limited...and driver need 30 years old and above..so comfort must change..they set up a training school with e2i..training taxi and all phv drivers..those below 30 can join phv.. 5) comfort share movement is decide by funds...we got no say...we only can wait for our 4 to 5% dividend yearly.. last. Coming friday is a witching day and year end window dressing coming ..expect some big movements on big cap counters... investshare      ( Date: 10-Dec-2017 07:01) Posted: If today CDG own taxi all fully utilized and rented out then this is a good deal. If already have idling, then don?t understand why need to buy so much more.

 

For such big investment, need EGM or not? Will they show pro foma Balance sheet and P&L?

 

I think DTL is still under the old model, operator collects revenue and best the cost. TEL then is the new rail contracting model like bus contracting model.

edwinjup      ( Date: 09-Dec-2017 23:12) Posted: Anyone.know govt pay comfort how much to.run the downtown line 3?

 

Ok what you said make some sense. But $300m is a lot of money. Let?s see how it works out.

edwinjup      ( Date: 10-Dec-2017 08:06) Posted: Phv is a much bigger pie..think got 60k drivers..taxi in total only 26k..phv drivers cant drive taxi..but taxi driver can drive phv....by buying...instantly increase another 14k phv and think around 12k phv income ( 2k idle)..and that is a lots of money.... 1) comfort wan a bigger pie in sg rental market..do nothings will seeing their drivers returing their taxi daily and cant do anything..cut rental will retain them will need cut all bal 12k taxi..big money los 2) comfort dont need to cut taxi rental to retain those wan jump grab. If u wan phv. ..join comfort uber..same.with better service 3) comfort need to replace 7400 sonata taxi with toyota prius or electric car..as they wan to remove all disel car ..if cannot rent out..lcr can sell comfort ..and it is much cheaper than getting from toyota..by replacing sonota ($90)..to prius $126 daily..7400 *36 also a lots of money..all lcr still got got scape value 4) very few people get taxi license nowadays..hard to attract people..so supply limited...and driver need 30 years old and above..so comfort must change..they set up a training school with e2i..training taxi and all phv drivers..those below 30 can join phv.. 5) comfort share movement is decide by funds...we got no say...we only can wait for our 4 to 5% dividend yearly.. last. Coming friday is a witching day and year end window dressing coming ..expect some big movements on big cap counters... investshare      ( Date: 10-Dec-2017 07:01) Posted: If today CDG own taxi all fully utilized and rented out then this is a good deal. If already have idling, then don?t understand why need to buy so much more.

 

Phv is a much bigger pie..think got 60k drivers..taxi in total only 26k..phv drivers cant drive taxi..but taxi driver can drive phv....by buying...instantly increase another 14k phv and think around 12k phv income ( 2k idle)..and that is a lots of money....
1) comfort wan a bigger pie in sg rental market..do nothings will seeing their drivers returing their taxi daily and cant do anything..cut rental will retain them will need cut all bal 12k taxi..big money los
2) comfort dont need to cut taxi rental to retain those wan jump grab. If u wan phv. ..join comfort uber..same.with better service
3) comfort need to replace 7400 sonata taxi with toyota prius or electric car..as they wan to remove all disel car ..if cannot rent out..lcr can sell comfort ..and it is much cheaper than getting from toyota..by replacing sonota ($90)..to prius $126 daily..7400 *36 also a lots of money..all lcr still got got scape value
4) very few people get taxi license nowadays..hard to attract people..so supply limited...and driver need 30 years old and above..so comfort must change..they set up a training school with e2i..training taxi and all phv drivers..those below 30 can join phv..
5) comfort share movement is decide by funds...we got no say...we only can wait for our 4 to 5% dividend yearly.. last. Coming friday is a witching day and year end window dressing coming ..expect some big movements on big cap counters...

investshare      ( Date: 10-Dec-2017 07:01) Posted: If today CDG own taxi all fully utilized and rented out then this is a good deal. If already have idling, then don?t understand why need to buy so much more.

 

If today CDG own taxi all fully utilized and rented out then this is a good deal. If already have idling, then don?t understand why need to buy so much more.

 

Anyone.know govt pay comfort how much to.run the downtown line 3?

 

Sir, not targeting at you lah and with due respect.

The Grab-SMRT and CDG-Uber are two completely diiferent transactions.

Does SMRT own any Grab PHVs or not? Does SMRT get any rental income from Grab' s PHVs or not?

SMRT (and all other non-CDG taxi coys) tie up with Grab is a very very loose tie up, meaning the taxi drivers can use Grab' s apps. Even CDG taxi drviers are secretly using Grab' s apps.

But CDG is BUYING 51% of LCR cars, do you expect the cars to come FOC for CDG?

The using of Uber apps is a BONUS.

Give you an example, if you buy brand new car at $140k from an authoirsed agent, say Borneo Motor and the package comes with 3 years free servicing at their workshop.

The car is the transacted good, the 3-year free serving is the thrown in bonus.

So for CDG, the LCR cars are the transacted goods, the using of Uber apps is the thrown in bonus.

Of course whether this prce is good or not is subejcted to hot debate, but I' m sure nobody here agree it should be FOC.

Cheers!

 

wanglausern      ( Date: 09-Dec-2017 22:16) Posted: CDG pays $642 to buy Uber' s LCR so that they can use Uber' s app. SMRT, Premier, Prime, Trans-cab and  HDT  paid nothing to form alliance with Grab. In Oct  Grab signs exclusive partnership with SMRT and Grab drivers  can  have access to SMRT workshops and service centres under this new partnership. BetterStill      ( Date: 09-Dec-2017 20:48) Posted: You guys kept on saying only 30% ,30%...maybe this 30% is the most profitable income then the rest got very little profits neh....what puzzled me most is why comfort holding so much cash but nv tend to buy back shares since the price dropped badly this year. Does it mean they think it?s far from the lowest price yet?

 

https://www.todayonline.com/singapore/grab-signs-exclusive-partnership-smrt-build-largest-car-fleet-singapore This kind of sums up the benefits that cdg will get which smrt got for free

wanglausern      ( Date: 09-Dec-2017 22:16) Posted: CDG pays $642 to buy Uber' s LCR so that they can use Uber' s app. SMRT, Premier, Prime, Trans-cab and  HDT  paid nothing to form alliance with Grab. In Oct  Grab signs exclusive partnership with SMRT and Grab drivers  can  have access to SMRT workshops and service centres under this new partnership. BetterStill      ( Date: 09-Dec-2017 20:48) Posted: You guys kept on saying only 30% ,30%...maybe this 30% is the most profitable income then the rest got very little profits neh....what puzzled me most is why comfort holding so much cash but nv tend to buy back shares since the price dropped badly this year. Does it mean they think it?s far from the lowest price yet?

 

CDG pays $642 to buy Uber' s LCR so that they can use Uber' s app.

BetterStill      ( Date: 09-Dec-2017 20:48) Posted: You guys kept on saying only 30% ,30%...maybe this 30% is the most profitable income then the rest got very little profits neh....what puzzled me most is why comfort holding so much cash but nv tend to buy back shares since the price dropped badly this year. Does it mean they think it?s far from the lowest price yet?

 

http://www.comfortdelgro.com.sg/uploads/pr/Media%20Release%20-%20CDG%20Results%20for%20Q3FY2017_Grp.pdf

BetterStill      ( Date: 09-Dec-2017 20:48) Posted: You guys kept on saying only 30% ,30%...maybe this 30% is the most profitable income then the rest got very little profits neh....what puzzled me most is why comfort holding so much cash but nv tend to buy back shares since the price dropped badly this year. Does it mean they think it?s far from the lowest price yet?

 

He has no idea what he' s saying, just let it be. People already ignored him.

Observers      ( Date: 09-Dec-2017 17:36) Posted: Seems to me like this is wrong on so many levels forummers don' t know where to begin to correct you.  mingsuny      ( Date: 09-Dec-2017 16:56) Posted: Hi,   To add on to my point, why did the Soft bank bought into the UBER?  I heard as high as 30% of the stake!  UBER such a big worldwide private hiring company once listed, how much will the market share be?  If our Comfortdelgro just be allocated 3-5% of the UBER IPO  shares based on the Lion City Holdings, will the NAV gow up?  How about transport sharemarket?  Anyway the share price has already taken into account of the negative effects from the private hirer, how low can it go down taking into account that there are still SBS shares and MRT lines?    You can try shorting the shares but I can bet Comfortdelgro and Uber will definitely fight back!  They will make sure their merger is worthwhile!

 

In total close to $500m. over $200 million got written off. $300million with little returns.
But that was due to corporate governance issue.

anonymoustrader      ( Date: 09-Dec-2017 21:06) Posted: Look at the singpost case, invest 100 million plus and got written off after 1 or 2 years i think xxadidasxx      ( Date: 09-Dec-2017 12:58) Posted: Comfort should had plan for it no company will Not invest if they think is not making money

 

And not everything are operated by SBS.
Anyway, with the current news, we can only wait to see if comfortdelgro has bottom in advanced before the news, or it would continue to dive.

destinykraze      ( Date: 09-Dec-2017 21:15) Posted: CDG don' t own or run the MRT. They only have 60% stake in SBS which operates the MRT. MRT is owned by LTA.  kangaroo11      ( Date: 09-Dec-2017 19:12) Posted: Cdg got mrt, bus, taxi and now phv, maybe bicycle will be next? Lol

 

CDG don' t own or run the MRT. They only have 60% stake in SBS which operates the MRT. MRT is owned by LTA. 

kangaroo11      ( Date: 09-Dec-2017 19:12) Posted: Cdg got mrt, bus, taxi and now phv, maybe bicycle will be next? Lol