advertising virtually zero, circulation down, readership non existent, malls empty, kids homebound, old people dying..
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SPH shares gigantic crashing..
- Thread starter SalahParking
- Start date
What will the low ranked pressitudes do?
Walk the streets of Geylang, become hawkers or baristas.
what happened to classified ads or CATs.....
Sph will eventually be delisted.
They are a failed enterprise
They are a failed enterprise
Don't forget they recently invested in a number of old aged homes in Japan and student dormitories in the UK. These hefty investments are bound to be impacted by the crisis like most hospitality businesses. Interestingly, the person championing this investment is not NYC but his deputy, Anthony Tan, an ex civil servant, who was parachuted into SPH about 5 years ago. Formerly from MOH, he moved the idea for the company to go into new business in old aged homes. Problem is he has no former business experience. The jury is out whether the company has made the right move.
Meanwhile, he has also been put in charge of the media business, which is floundering. Revenue has been declining sharply year on year under his charge. No new ideas have been forthcoming from him, other than the superficial samsung tablet subscription. The revenue earned from selling the tablet and news subscription is minuscule compared to the advertising revenue losses. The amount earmed is so insignificant that it is like a "rounding error" on a balance sheet.
Meanwhile, he has also been put in charge of the media business, which is floundering. Revenue has been declining sharply year on year under his charge. No new ideas have been forthcoming from him, other than the superficial samsung tablet subscription. The revenue earned from selling the tablet and news subscription is minuscule compared to the advertising revenue losses. The amount earmed is so insignificant that it is like a "rounding error" on a balance sheet.
Too bad no short selling in sg.
https://www.businesstimes.com.sg/co...da-aged-care-assets-on-covid-19-instabilities
Cold feet. Wonder how much SPH had spent in legal and M&A consultancy fees in pursuing this abortive purchase.
Cold feet. Wonder how much SPH had spent in legal and M&A consultancy fees in pursuing this abortive purchase.
old folks home is where covid has the greatest infection rate.
media company going into unrelated businesses , what were they thinking..
Act of desperation. They probably thought old ages homes will deliver what retail property investment had done for the company. Their logic: many societies have ageing population. Not wrong. But didn't factor not all property investments are alike in terms of returns and operational demands, especially additional financial and social costs required in compliance with rules and laws of foreign lands.
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