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Some-one

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There is always opportunities cost.
The resistance for this few weeks is 3.80. The price that you can queue is around 3.8 will be good?

I got one lot at 3.65 and another 2 lots at 4. Didn't regret at all...=:p
 

cloud77

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i got a few lots at $4 :(

hoping it will go up with the end of year dec "big" dividend payout
 

Paul Lee

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SPH spends $60 million to buy over sgcarmart.

ACQUISITION OF SGCM PTE. LTD.

SGCM is the parent company of sgcarmart.

Source

While I understand why SPH may want to buy over sgcarmart (after it it also acquired hardwarezone.com and shareinvestor.com), I wondered if it really worth paying $60million for.

To put thing into prospective, some listed established brands has market cap that is lower than that. Soup restaurant is worth ard $38million. Old Chang Kee is worth ard 66million. Internet Technology Group less than $20 million. Pengun ard $48 million. Neo group ard $45million.

I can go on but I struggled to see how sgmart is worth more than some of the companies listed above.:s11:
 

SpinFire

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SPH spends $60 million to buy over sgcarmart.

ACQUISITION OF SGCM PTE. LTD.

SGCM is the parent company of sgcarmart.

Source

While I understand why SPH may want to buy over sgcarmart (after it it also acquired hardwarezone.com and shareinvestor.com), I wondered if it really worth paying $60million for.

To put thing into prospective, some listed established brands has market cap that is lower than that. Soup restaurant is worth ard $38million. Old Chang Kee is worth ard 66million. Internet Technology Group less than $20 million. Pengun ard $48 million. Neo group ard $45million.

I can go on but I struggled to see how sgmart is worth more than some of the companies listed above.:s11:

Perhaps for SGCarMart's large user base, car resale marketplace and proven source of advertising revenue. Plus takeovers usually involve a premium. Can't really judge unless we look at SGCarmart's financials.
 

doody_

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SPH spends $60 million to buy over sgcarmart.

ACQUISITION OF SGCM PTE. LTD.

SGCM is the parent company of sgcarmart.

Source

While I understand why SPH may want to buy over sgcarmart (after it it also acquired hardwarezone.com and shareinvestor.com), I wondered if it really worth paying $60million for.

To put thing into prospective, some listed established brands has market cap that is lower than that. Soup restaurant is worth ard $38million. Old Chang Kee is worth ard 66million. Internet Technology Group less than $20 million. Pengun ard $48 million. Neo group ard $45million.

I can go on but I struggled to see how sgmart is worth more than some of the companies listed above.:s11:

I think valuation of such internet businesses is often tricky. They may have used a multiple of future revenues as the valuation. Most businesses have more tangible assets that can be used in calculation, whereas for sgcarmart the main asset is probably the traffic and reputation as the only used car website in Singapore, which is hard to value. Perhaps SPH thinks they can use sgcarmart to get more ad space to sell out, or to make money from posting car ads.
 

Alphidius

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SPH spends $60 million to buy over sgcarmart.

ACQUISITION OF SGCM PTE. LTD.

SGCM is the parent company of sgcarmart.

Source

While I understand why SPH may want to buy over sgcarmart (after it it also acquired hardwarezone.com and shareinvestor.com), I wondered if it really worth paying $60million for.

To put thing into prospective, some listed established brands has market cap that is lower than that. Soup restaurant is worth ard $38million. Old Chang Kee is worth ard 66million. Internet Technology Group less than $20 million. Pengun ard $48 million. Neo group ard $45million.

I can go on but I struggled to see how sgmart is worth more than some of the companies listed above.:s11:

Perhaps it has a large user base more than other existing Internet platforms for automotive. I think they expect a rise in traffic to such websites and portals now that resale market for cars could be picking up.
 

ChilliCrab_

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SPH spends $60 million to buy over sgcarmart.

ACQUISITION OF SGCM PTE. LTD.

SGCM is the parent company of sgcarmart.

Source

While I understand why SPH may want to buy over sgcarmart (after it it also acquired hardwarezone.com and shareinvestor.com), I wondered if it really worth paying $60million for.

To put thing into prospective, some listed established brands has market cap that is lower than that. Soup restaurant is worth ard $38million. Old Chang Kee is worth ard 66million. Internet Technology Group less than $20 million. Pengun ard $48 million. Neo group ard $45million.

I can go on but I struggled to see how sgmart is worth more than some of the companies listed above.:s11:

Could it probably be that SPH wanted to expand its media coverage over the internet?

From what I gathered, most of my friends including myself, visit SGCM often to view pivotal information of cars, esp used-cars for comparisons or just out of pure interests. Of cos, this is based solely on my perspectives and social settings.

SGCM also monopolises the online car market right? That would give SPH greater advertising space and avenue to all automobile business in SG.

Just my views :s12:
 

Kenny23

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SPH spends $60 million to buy over sgcarmart.

ACQUISITION OF SGCM PTE. LTD.

SGCM is the parent company of sgcarmart.

Source

While I understand why SPH may want to buy over sgcarmart (after it it also acquired hardwarezone.com and shareinvestor.com), I wondered if it really worth paying $60million for.

To put thing into prospective, some listed established brands has market cap that is lower than that. Soup restaurant is worth ard $38million. Old Chang Kee is worth ard 66million. Internet Technology Group less than $20 million. Pengun ard $48 million. Neo group ard $45million.

I can go on but I struggled to see how sgmart is worth more than some of the companies listed above.:s11:

realise that they have been expanding their reach into the internet...
 

The_Davis

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SPH spends $60 million to buy over sgcarmart.

ACQUISITION OF SGCM PTE. LTD.

SGCM is the parent company of sgcarmart.

Source

While I understand why SPH may want to buy over sgcarmart (after it it also acquired hardwarezone.com and shareinvestor.com), I wondered if it really worth paying $60million for.

To put thing into prospective, some listed established brands has market cap that is lower than that. Soup restaurant is worth ard $38million. Old Chang Kee is worth ard 66million. Internet Technology Group less than $20 million. Pengun ard $48 million. Neo group ard $45million.

I can go on but I struggled to see how sgmart is worth more than some of the companies listed above.:s11:
Is HWZ worth $7 mil to you?
 

nauhchop

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Could it probably be that SPH wanted to expand its media coverage over the internet?

From what I gathered, most of my friends including myself, visit SGCM often to view pivotal information of cars, esp used-cars for comparisons or just out of pure interests. Of cos, this is based solely on my perspectives and social settings.

SGCM also monopolises the online car market right? That would give SPH greater advertising space and avenue to all automobile business in SG.

Just my views :s12:

Great move by sph.

Seriously sgcm is nowhere worth 60mill.
But it is monopoly that they are looking at which most ppl can't see.
They set up stproperty to fight against propertyguru.
Then they set up stcars to fight against sgcarmart.

With the purchase of sgcm, they have no one to worry about because the whole market car buyers are all there and have entirely monopolise the sg car market.

They see value in what most ppl can't see.
 

Alphidius

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Went into Straits Times website for news...
Saw a survey pop up on the bottom right click to do the survey...
Guess what's the survey is about? :s13::s13::s13:
 
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