Straco -- gem?

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16 May 2016 21:53 #23028 by BNN
Replied by BNN on 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: www.singaporeflyer.com/wp-content/upload...Kitchen-Set-Menu.pdf

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29 Dec 2016 12:29 #23473 by yeng
Replied by yeng on 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.

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

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


www.bloomberg.com/news/articles/2017-06-...ose-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.

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19 Aug 2017 18:42 #23999 by Rock
Replied by Rock on topic Straco -- gem?
STRACO CASH GENERATING MACHINE

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

FY2015
Debt = $73.9m – Cash flow = $136.5m – Net Cash = $62.6m

FY2016
Debt = $61.9m – Cash flow = $163.2m – Net Cash = $101.3m

2H2017
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.

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21 Mar 2018 21:37 #24305 by BNN
Replied by BNN on topic Straco -- gem?
Share price a little weak on temporary closure of Singapore Flyer. I think the impact is not significant if the insurance policy is sufficient to cover for loss of revenue. Apparently, the equipment malfunction is not a big issue. Just needs replacement and BCA is being very conservative & prudent in assessing situation

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05 May 2018 21:32 #24355 by BNN
Replied by BNN on topic Straco -- gem?
9,099,888 shares in a married deal at 79 cents on Friday 4 April. This must be coming from a top 20 shareholder. But selling to who? I guess the company will make an announcement on who the new subst. shareholder is.

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