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RTO with St James approved by shareholders on 23 Jun 2008. Deal expected to be completed soon. What u guys think? St James still packed and Bar None have seen good crowds since it was taken over.
words007 ( Date: 10-May-2008 10:21) Posted:
| i still have this guy 20 lots at 22.5c; having been trying to sell it for months. anyone has read the recent circular? my understanding the proposal is bad. any expectation from the AGM on 29 May. thx for your cmnts. |
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i still have this guy 20 lots at 22.5c; having been trying to sell it for months. anyone has read the recent circular? my understanding the proposal is bad. any expectation from the AGM on 29 May. thx for your cmnts.
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another rubbish!!! daily V less than 100K last months |
Two sides to a glass,
Why dont view it as:
- No one willing to sell down since they are real value investors into it. Paid using real cash.
- No punters dare to draw into it as there are no speculative plays.
Hence, explains the low volume.
Base on this, isn't this is a good sign?
Volume aka 'Interest' by itself doesnt' mean anything.
Counters that I come across as un_popular at first, all faces no volume./ One good example is Ecowise.
The rest is history ...
Of course, this is only my view. Every idea counts, so are yours. I usually choose the optimistic view
another rubbish!!! daily V less than 100K last months
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This euphoria may not last long. Night clubs come and go. Madam Wong, Europa, etc. Unless it is similar to Zouk. Only the biggest survive. |
In my opinion, this is the reason why St James choose to go public through a RTO. To have access to capital market to fund acquisitions on smaller plays 'Madam Wong, Europa, etc' for growth. Monopolist? Boost earning margin?
Over time, should be able to fare good earning with the F1,IR buzz in town.
Just some personal thoughts.
Night spots should open at the IRs and the crowd could flock there.
zhuge liang,
Yes, consumers are very fickle about the 'IN' thing and will quickly hop to patronise some other establishment with a new concept. But, we should also consider who is behind SJP....Denis Foo is a veteren in this industry and, given his experience, he should be quite capable to read market trends and keep evolving SJP to keep it relevant.
It's worth to watch it growth......Just watch it grow over d year, remember to take some profit when have some and leave some for other. 
This euphoria may not last long. Night clubs come and go. Madam Wong, Europa, etc. Unless it is similar to Zouk. Only the biggest survive.
players waiting for ah ben speech b4 they do anything.....wait for it to cool down b4 deciding to buy cos RTO will take effect only next yr....buy now will be like another genting....
Hmmm...ok. We have lots of sharks but few players playing this counter. So what have u derive from this huge difference conclusion?
today, the whole day I am looking at this counter, the trading pattern prompted me only few players are playing the counter.
if you wanna play this counter, you must be very skillful and careful, lot of sharks there.
St James, which operates the 70,000 square foot entertainment complex sitting at the entrance to Sentosa Island, is seeking a listing via a $108million RTO of JK Tech - a move that will make it the first pure nightclub play on the local bourse.
JK Tech will issue up to nearly 615.4 million new shares in 3 tranches, at $0.1755 each. In return, the vendors will transfer the entire share capital of St James to JK Tech, which will be renamed St James Holdings when the RTO is completed by 1Q08.
Standing to gain is FJ Benjamin,which owns nearly 1/3 of St James through a jv with Dennon Entertainment, which owns another third. EK Capital, another private vehicle associated with brothers Jopie and Daniel Ong, owns about another third of St James, while BreadTalk owns a final 5%.
Upon the RTO, St James will immediately' undertake a $15 million share placement to raise further capital for expansion, Mr Foo said. The group will also apply to transfer to SGX's proposed new board for growth companies.
