SPACKMAN ENTERTAINMENT GRP LTD *Official* (SGX: 40E)

[guards80]

SINGAPORE (Nov 11): RHB is keeping its "buy" call on Spackman Entertainment Group" at a target price of 22 cents, with the view that the stock's outlook is currently at its best since its initial public offering (IPO) in 2014.

This comes after the entertainment production company on Thursday posted 3Q16 earnings of US$1.5 million ($2.1 million) compared to its loss of US$1 million a year ago.

 

[guards80]

Upcoming crime flick ‘Master’ hits close to home

http://www.koreaherald.com/view.php?ud=20161114000824

 

[guards80]

1 blink clear 0.139 power

 

[guards80]

1 blink clear 0.139 power

wah blink clear 4mil 0.140 super bull

 

[Shion]

BB making their moves ?

 

[guards80]

BB making their moves ?

their new movies coming out on dec.

 

[guards80]

BB making their moves ?

http://www.spackmanentertainmentgroup.com/coming-soon.html

 

[ChiuSiaoRiao]

http://www.spackmanentertainmentgroup.com/coming-soon.html

simi movie? nice meh. buy liao can huat? before movie out bb sure dump one

 

[guards80]

very strong bullist clear 0.141 now going clear 0.142 non stop?

RHB tp 0.220

 

[iphonefreak]

what was the IPO price? if up till near there, im very happy liow.

 

[guards80]

what was the IPO price? if up till near there, im very happy liow.

ipo price 0.26

 

[guards80]

think big wave going up soon

 

[iphonefreak]

think big wave going up soon

Swee lah ... IPO 0.26... bbiggg wave.

Once release, during the blockbuster week... price will shot up if ticket sales is record high.. esp now the movie theme seems to be the same as the current sentiment in S Korea... the protesting...high ranking official...hope this will attract alot of koreans to watch... huat ah

 

[guards80]

Swee lah ... IPO 0.26... bbiggg wave. i saw that the dates of the movie are on 15 Dec n 22 Dec in their recent report...

Once release, during the blockbuster week... price will shot up is it?

most likely now still can buy on cheap... once TP renew will shot up fast

 

[Sinkie]

Interesting

 

[guards80]

2.9mil shortist?

 

[iphonefreak]

next monday might gap up looking at the shear big buy up today.

 

[iphonefreak]

spacky like sitting on a rocket launch pad. 0.147 , better be good cos i had poured in my warchest liow... 0.152 to 0.172.. hope to achieve this range then to the recommended target price of 0.22.

 

[iphonefreak]

releasing movie on 22 Dec 16 and i think another production early on 15 Dec 16 in their recent earning report. Good for those who picked up some from this counter.

"Spackman poised for a solid recovery in 4Q

Its blockbuster movie 'Masters' could yield $7.9m.

Masters is set to be released on 22nd Dec and would likely contribute to Spackman's 4Q16 NPAT, said RHB.

"Our expectations of 7.5m in ticket sales would yield profits of USD5.6m (S$7.9m) and bring the company back into the black," said the research house.

In 3Q, a one-off gain of USD2.13m (S$3m) from the disposal of Opus pictures turned 3Q16 into profitability and reduced 9M16
net loss to USD1.65m (S$2.33m) from USD4.86m (S$6.85).

According to RHB, the divestment of loss-making Opus Pictures should reduce SG&A costs significantly by c.70% and be an impetus for the company to bounce back into profitability in FY17.

Its other production house, Zip Cinema Co Ltd, has a good track record and aims to produce 1-2 movies pa.

Coupled with Spackman’s joint ventures (JVs) to produce other movies, these factors should spur growth going forward, said RHB.
- See more at: http://sbr.com.sg/leisure-entertain...sed-solid-recovery-in-4q#sthash.vxLOuM8T.dpuf

 

[strangerjun]

trend line intact and 20ema still holding it. Can buy when price pull back?