Advancer Global *Official* (SGX:43Q)

winorlose

Arch-Supremacy Member
Joined
Jul 23, 2012
Messages
16,647
Reaction score
357
C6jWtTQ.jpg


Anyone going to hoot this?

Good FA


Maybe can get free maid also? :s13:
 
Last edited:

Sinkie

Greater Supremacy Member
Joined
Jan 20, 2009
Messages
86,040
Reaction score
20
Anyone going to hoot this?

Good FA

Maybe can get free maid also? :s13:

1394848247nation-maid1.jpg


Maid, cleaning and security services company seeks Catalist listing
By PC Lee / theedgemarkets | June 16, 2016 : 11:34 AM MYT
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language*▼

SINGAPORE (June 16): Advancer Global, a company made up of a maid agency, a cleaning and stewarding services arm and a security services arm, has lodged a preliminary prospectus for a Catalist listing.

Through the initial public offering, Advancer Global aims to raise its profile and allow stakeholders to take part in its growth.

In 2015, the company posted earnings of $4.4 million in 2015 on $45 million of revenue and in 2014, it posted earnings of $2.6 million on $39 million of revenue.

Advancer plans to use IPO funds to expand its facilities management businesses ‐ cleaning, stewarding and security services ‐ most likely through acquisitions.

The company also plans to use funds for branding initiatives for Nation Employment maid agency, the main business of its employment services arm.

This segment, which also includes a blue‐collar foreign worker agency, brought in $12.8 million of revenue in 2015 and $1.5 million in profit before tax.
 
Last edited:

NicoNicoNii

Senior Member
Joined
Nov 10, 2014
Messages
2,252
Reaction score
0
FA is good no doubt.

But I dont know how are they going to scale up. What is their long term plan?
 

Sinkie

Greater Supremacy Member
Joined
Jan 20, 2009
Messages
86,040
Reaction score
20
Business
We are an established and diverse integrated services provider offering workforce solutions and services in Singapore through our Employment Services Business, our Cleaning and Stewarding Business and our Security Services Business. We aim to provide quality services to our customers and strive to be their service provider of choice.

Our portfolio includes well-recognised names such as “NATION” (FDW employment agency), “FIRST STEWARDS” (cleaning and stewarding services), “MASTER CLEAN” (cleaning and stewarding services), “KC SECURITY” (security services) and “KH SECURITY” (security services). We believe our customers recognise our value proposition, as evidenced by our long-standing customer relationships.

Currently, our business can be categorised into the following three (3) segments:
(a) Employment Services Business – we provide one-stop shop services for the sourcing, employment and training of FDWs to households, as well as the sourcing and employment of FWs to, amongst others, corporations and organisations;
(b) Cleaning and Stewarding Business – we provide integrated cleaning and stewarding solutions and services to, amongst others, hospitals, hotels, commercial and residential properties, as well as pest control services; and
(c) Security Services Business – we provide manpower for security solutions and services to, amongst
others, commercial, industrial and residential properties, as well as security escort services.

ORDER BOOK

Our order book based on unfulfilled confirmed service contracts as at 31 December 2015 and confirmed service contracts obtained for our Cleaning and Stewarding Business and our Security Services Business during the period from 1 January 2016 to the Latest Practicable Date amounted to approximately S$43.1 million. We expect S$29.1 million of the service contracts to be fulfilled within FY2016, and S$14.0 million to be fulfilled after one (1) year and within 35 months from 1 January 2016. Due to the nature of our Employment Services Business, we do not maintain an order book for this segment of our business.

BUSINESS STRATEGIES AND FUTURE PLANS

1) Expanding our Employment Services Business
Going forward, we seek to increase our customer base, widen our business network and strengthen our market position. We intend to explore expanding our Employment Services Business organically in Singapore or overseas through acquisitions, joint ventures and/or strategic alliances that are aligned with our longer-term interests, subject to market conditions and opportunities. As at the Latest Practicable Date, we have not confirmed any specific overseas market for expansion of our Employment Services Business.

2) Increasing branding and marketing activities to strengthen our market position
We seek to strengthen our market position by increasing awareness and recognition of our “NATION” brand across various marketing channels and consumer touchpoints. We believe that this will better enable us to attract and retain customers, and in turn, achieve strong and sustainable growth in our businesses. We intend to build upon our current branding and marketing efforts to increase visibility of our “NATION” brand through a wide range of media platforms, including major newspapers, television, internet, print, billboards and placements in strategic public areas and through the distribution of corporate gifts embodying our “NATION” trademark. We also intend to continue to engage celebrities to act as spokespersons for our brands, and adopt direct marketing efforts such as printed brochures and promotional events. As we place strong emphasis on creating consistency in the perception of our “NATION” brand, we intend to refurbish and renovate our existing sales branches from time to time to ensure that the design, service concept and ambience of all our “NATION” sales branches are consistent in reflecting our “NATION” brand, thereby reinforcing and increasing the visibility of our brand and presence in Singapore. We intend to fund the above initiatives with approximately S$[] million of the net proceeds from the Invitation. In the event that we are unable to use any part or all of the net proceeds for these purposes, such net proceeds will be utilised for general corporate and working capital requirements.
 
Last edited:

NicoNicoNii

Senior Member
Joined
Nov 10, 2014
Messages
2,252
Reaction score
0
oh, basically an outsourcing company. Cant see that it will scale up very big. maybe dividend stocks.
 

Sinkie

Greater Supremacy Member
Joined
Jan 20, 2009
Messages
86,040
Reaction score
20
oh, basically an outsourcing company. Cant see that it will scale up very big. maybe dividend stocks.

Our Directors intend to declare and distribute dividends of at least 50.0% of our net profit after tax attributable to owners of our Group in each of FY2016, FY2017 and FY2018 to our Shareholders. However, investors should note that the foregoing statement in relation to the proposed dividends is merely a statement of our present intention and shall not constitute legally binding obligations. The declaration and distribution of dividends for FY2016, FY2017 and FY2018 may be in cash or Shares in lieu of cash, and subject to modifications, including the reduction or non-payment thereof, at the sole and absolute discretion of our Directors.

We may, by ordinary resolution of our Shareholders, declare dividends at a general meeting, but we may not pay dividends in excess of the amount recommended by our Directors. The declaration and payment of dividends will be determined at the sole discretion of our Directors subject to the approval of our Shareholders. There can be no assurance that dividends will be paid in the future or of the amount or timing of any dividends that will be paid in the future. No inference should or can be made from any of the foregoing statements as to our actual future profitability or ability to pay dividends in any of the periods discussed. In addition, the actual dividends that our Directors may recommend or declare in respect of any particular financial year or period will be subject to restrictions under the applicable laws and regulations. Our Directors may also declare an interim dividend without the approval of our Shareholders.

In making their recommendations or declaration of future dividends in respect of our Shares for any particular financial year or period, our Directors will consider, amongst others, our retained earnings and expected future earnings, operations, cash flow, working capital requirements, projected levels of capital expenditure and other investment and expansion plans, restrictions on payment of dividends imposed on us by our financing arrangements (if any) and general financing condition, as well as general business conditions and other factors which our Directors may determine appropriate.
 

winorlose

Arch-Supremacy Member
Joined
Jul 23, 2012
Messages
16,647
Reaction score
357
How to tell FA is good when share price is not even shown? If PE is like Amazon, will you still buy? :vijayadmin:

can't really read your nick here..

is it WIRBELWIND?


Simi is WIRBEL? I googled and showed me something like what my gynae show me when my wife preggy..

506838.jpg
 

Perisher

Greater Supremacy Member
Deluxe Member
Joined
Jan 5, 2015
Messages
84,184
Reaction score
10,104
Waiting for Mr IPO and Investmentmoat to review then decide.
 
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Community Guidelines and Standards, Terms of Service and Member T&Cs for more information.
Top