Straco -- gem?

16 May 2016 21:53 #23028 by BNN
BNN replied the topic: Straco -- gem?
I would suggest to management that next year's AGM be held at the Singapore Flyer.
Save some cost on venue (it was at Amara Hotel in the past) but more importantly turn the event into an opportunity for shareholders to experience the Singapore Flyer. Hope shareholders can get 10-15% discount on tickets and for dining at the new Sky View Restaurant owned by Straco.

The menu looks good:

Please Log in to join the conversation.

29 Dec 2016 12:29 #23473 by yeng
yeng replied the topic: Straco -- gem?
Straco now inching up. At 80 cents, it is grossly undervalued, especially if it hikes ticket prices for its aquariums by 20% on average next year. The hike was supposed to have happened a year ago but was "deferred" for whatever reason.

Please Log in to join the conversation.

18 Jun 2017 21:28 #23866 by BNN
BNN replied the topic: Straco -- gem?
Bloomberg has just reported on the record turnout at Shanghai Disneyland.

Disney’s Iger Says Shanghai Resort Close to Breaking Even"

Makes me think that Shanghai Ocean Aquarium could be enjoying a spillover effect. The 2Q result will certainly be scrutinised for evidence of that.

Please Log in to join the conversation.

19 Aug 2017 18:42 #23999 by Rock
Rock replied the topic: Straco -- gem?

Straco after acquisition of Singapore Flyer in November 2014 its debt, secured and unsecured stand at $93.3 million, previously from zero debt.. See below taken from FY2014, FY2015, FY2016 and 1H2017.

FY2014 (Acquisition Singapore Flyer November 2014
Debt = $93.3m - Cash flow = $112.4m - Net cash = $19.1m

Debt = $73.9m – Cash flow = $136.5m – Net Cash = $62.6m

Debt = $61.9m – Cash flow = $163.2m – Net Cash = $101.3m

Debt = $55.9 – Cash Flow = $159.5m – Cash = $103.6

After 2.5 years Straco secured and unsecured debt decreased from $93.3m to $55.9m. Total debt decreased = $37.6m.
Net cash increased from $19.1m to $$103.6m.Total increased = $84.5m.

Straco net cash had returned to healthy level and I believe the management is on the lookout for another fruitful catch.

Straco is truly cash generating machine and I will be holding onto this stock for as long as the company continue to generate rich cash.

Please Log in to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings3.300-
Alliance Mineral0.425-0.015
Avi-Tech Electronics0.485-
Best World Int.1.3500.010
China Sunsine0.9950.005
CWG International0.195-
DISA Limited0.0150.001
Dutech Holdings0.340-
Federal Int. (2000)0.385-0.015
Food Empire0.690-
Geo Energy0.265-0.005
Golden Energy0.415-
GSS Energy0.161-0.002
Heeton Holdings0.585-0.005
KSH Holdings0.795-0.005
Lian Beng Group0.755-
Nordic Group0.570-
Oxley Holdings0.665-0.015
REX International0.066-0.002
Serial System0.162-0.003
Sing Holdings0.445-
Sino Grandness0.205-
Straco Corp.0.875-0.010
Sunningdale Tech1.880-0.020
Sunpower Group0.550-
The Trendlines0.149-0.001
Tiong Seng0.390-
Trek 2000 Int.0.270-
Uni-Asia Group1.3000.010
XMH Holdings0.245-
Yangzijiang Shipbldg1.570-0.030

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 852 guests and no members online