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COMFORT DELGRO - MOVING FORWARD Post Reply Rate topic
Conman Elite	02-Jun-2022 08:55        Conman About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think this is the only company in the world which boasts $billions worth of assets in the form of 40,000 vehicles depreciating everyday. How much can it recover if it wants to sell? MoonlightSculpto      ( Date: 01-Jun-2022 22:36) Posted: Hi, the math you did is not applicable. Accounting wise, it is based on which is known as ?going concern? principle. Thus the mentioned $4.955B assets is based on going concern principe whereby Comfortdelgro will operates in the foreseeable future. As such, valuation of assets are done on that basis. If were to liquid everything now as per what you mentioned, it means the company is going liquidation and therefore, the mentioned assets are more likely to be liquid off into cash at a much more lower valuation. Regardless, the angle you looking at is P/B ratio since you comparing current price / share against current book per share. For your information, based on the financials, ComfortDelGro has a P/B ratio of 1.17 meaning share price per share is more expensive the current book / share. This is contrary to your simple math. Nevertheless, P/B ratio below 1 does not translate to a good bargain. That is why you do not see many companies going into privatization or acquired by other companies when their P/B ration fall below 1.0. You can see that there are companies (STI component) with a P/B ratio as low as 0.32 Although you said at the start is a ?simple math?, it is nonetheless misleading. I am a chartered accountant and this is my 2-cents worth of opinion. Seamonkeyking      ( Date: 01-Jun-2022 14:21) Posted: Did a simple math, with ComfortDelgro asset at 4.955B and total outstanding shares at 2.17B, if ComfortDelgro were to liquid off evefrything, the per share stands at around  $2.283. Also the total debt was 618M but the cash and short term investments stands at 919.1M which could easily covered it.  Thus I look left loo right also cannot see any issues with ComfortDelgro what.  Furthermore, Singapore only started opening in April, so fast can see the benefits liao meh.  Thus, we need to see for at least one quater or two to really see the result of reopening.  At least the financials looks healthy.
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Entropy72 Master	02-Jun-2022 08:40        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for sharing. This is a 6 year contract. newbiexpert      ( Date: 02-Jun-2022 06:31) Posted: The NT Government awarded 30 contracts in the last week to a total of $229 million with the largest being awarded to CDC Darwin Pty Ltd for Provision of Urban and School Bus Services for a Period of 72 Months in Darwin Palmerston and Rural Areas.   Darwin Palmerston and Rural Areas &ndash Provision of Urban and School Bus Services for a Period of 72 Months CDC Darwin Pty Ltd   $              220,461,591.00 yes Department of Infrastructure, Planning and Logistics https://links.sgx.com/1.0.0/corporate-announcements/NWTCWYFZH3UXMJAI/719585_ComfortDelGro%20Australia%20Group%20Wins%20Bid%20To%20Operate%20Bus%20Services%20In%20Darwin.pdf
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newbiexpert Member	02-Jun-2022 06:31        newbiexpert About Contact  Quote this Post!
x 0   x 0  Alert Admin	The NT Government awarded 30 contracts in the last week to a total of $229 million with the largest being awarded to CDC Darwin Pty Ltd for Provision of Urban and School Bus Services for a Period of 72 Months in Darwin Palmerston and Rural Areas.   Darwin Palmerston and Rural Areas &ndash Provision of Urban and School Bus Services for a Period of 72 Months CDC Darwin Pty Ltd   $              220,461,591.00 yes Department of Infrastructure, Planning and Logistics https://links.sgx.com/1.0.0/corporate-announcements/NWTCWYFZH3UXMJAI/719585_ComfortDelGro%20Australia%20Group%20Wins%20Bid%20To%20Operate%20Bus%20Services%20In%20Darwin.pdf
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Buradin Veteran	01-Jun-2022 23:07        Buradin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dont understand why someone is so obsessedwith this counter? Dont feed the troll la guys... there is so much money to be made in dow jones and hang seng...dont waste ur time here entertaining others.
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MoonlightSculpto Member	01-Jun-2022 22:36        MoonlightSculpto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi, the math you did is not applicable. Accounting wise, it is based on which is known as ?going concern? principle. Thus the mentioned $4.955B assets is based on going concern principe whereby Comfortdelgro will operates in the foreseeable future. As such, valuation of assets are done on that basis. If were to liquid everything now as per what you mentioned, it means the company is going liquidation and therefore, the mentioned assets are more likely to be liquid off into cash at a much more lower valuation. Regardless, the angle you looking at is P/B ratio since you comparing current price / share against current book per share. For your information, based on the financials, ComfortDelGro has a P/B ratio of 1.17 meaning share price per share is more expensive the current book / share. This is contrary to your simple math. Nevertheless, P/B ratio below 1 does not translate to a good bargain. That is why you do not see many companies going into privatization or acquired by other companies when their P/B ration fall below 1.0. You can see that there are companies (STI component) with a P/B ratio as low as 0.32 Although you said at the start is a ?simple math?, it is nonetheless misleading. I am a chartered accountant and this is my 2-cents worth of opinion. Seamonkeyking      ( Date: 01-Jun-2022 14:21) Posted: Did a simple math, with ComfortDelgro asset at 4.955B and total outstanding shares at 2.17B, if ComfortDelgro were to liquid off evefrything, the per share stands at around  $2.283. Also the total debt was 618M but the cash and short term investments stands at 919.1M which could easily covered it.  Thus I look left loo right also cannot see any issues with ComfortDelgro what.  Furthermore, Singapore only started opening in April, so fast can see the benefits liao meh.  Thus, we need to see for at least one quater or two to really see the result of reopening.  At least the financials looks healthy.
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Conman Elite	01-Jun-2022 18:02        Conman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Monkey King, no need to talk about kangeroos or donkeys. The risk is very real: AUSTRALIA : Why was the Australian listing aborted? Any explanation given? Was it because the Aussie gov had intervened it behind door that the reason cannot be revealed in the open?would the new Australian gov also adopt the Contracting policy of the UK, Singapore and Zew Zealand? Would Zoom Bee suddenly become a contractor in Australia juat as it experienced in Singapore in 2016? SBS Transit : would Mr Lawrence Wong order the de-listing of SBS to help save tax-payers' money in view of the impending increase of GST? Why must SBS Transit be listed while SMET and Towner Transit are not? Is the gov paying more to SBS because it is listed and need to pay divedends twice a year? What is the NAV of SBS? How much can the company pay to its investors if it goes un-listed? Fruits for thought and discussion. 🤑 🤑 🤑 Seamonkeyking      ( Date: 01-Jun-2022 13:45) Posted: Ya, Australia change of govt and the people will now take kangeroos instead of public transport and also de-listing of SBS Transit and people will take donkeys to work. I also can say ComfortDelgro will pivot to air transport or even space travel.  Ownself talk cock sing song and said others are, then said ownself is the only one telling the truth..,.sounds like you are a shortists who is big in EGO. The shortists will be gone before Comfort goes to zero. Conman      ( Date: 01-Jun-2022 12:24) Posted: Monkey King, Which of what I have said were fake? Please enlighten me. I am the only one telling the truth here and am the only one not talking cock singing song. All of you call yourself "long term investors" because all of you suffer big paper losses all the way down from $3.00 until the present $1.45!😭 😭 😭 The next risk will be from Australia with the latest change of government as well as the possible de-listing of SBS Transit. Dont say I never warn you of this 'fake news' you would like to all it. I am just guessing. Ignore if you dont agree
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Jiyaji Senior	01-Jun-2022 16:24        Jiyaji About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seems the vehicle is not the only thing to have lost or have no value - what about the opinion/viewpoint/target f' cast of 20 Cents for One year ++    :) Conman      ( Date: 01-Jun-2022 16:16) Posted: All vehicles will depreciate to zero value. My example is the best. What is the NAV of SBS Transit? Better be careful because it has nothing except some old buses waiting to be scraped. Everythong else belong to the state 🤣 Seamonkeyking      ( Date: 01-Jun-2022 15:36) Posted: These were data from SGX website, you want to dispute with your facts plucked from air with SGX? Please provide data or real facts and not your own assumptions.  Nobody ask you to fork out 230k and then 100k for the renewal, you can take Comfort taxi instead mah
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Conman Elite	01-Jun-2022 16:16        Conman About Contact  Quote this Post!
x 0   x 0  Alert Admin	All vehicles will depreciate to zero value. My example is the best. What is the NAV of SBS Transit? Better be careful because it has nothing except some old buses waiting to be scraped. Everythong else belong to the state 🤣 Seamonkeyking      ( Date: 01-Jun-2022 15:36) Posted: These were data from SGX website, you want to dispute with your facts plucked from air with SGX? Please provide data or real facts and not your own assumptions.  Nobody ask you to fork out 230k and then 100k for the renewal, you can take Comfort taxi instead mah. Conman      ( Date: 01-Jun-2022 15:30) Posted: Monkey King, What assets this ZB has that made you so impressed about? 40,000 vehicles that depreciate everyday? Every year you need to account for the depreciation and one day it will reach zero value. My own car's tyres teached $0 value after only 2.5 years when I changed to a new set yesterday. Take note : 2.5 years. And I only buy the best brand from Europe. This car was worth $230k when I bought her in 2016. Come 2026 it will land in the scrap yard if I dont pay another $100k to renew her life for another 10 years. Are you sure ZB's assets are worth $2.283 per share? I think 20c a share is more realistic 😁
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Jiyaji Senior	01-Jun-2022 15:42        Jiyaji About Contact  Quote this Post!
x 0   x 0  Alert Admin	The last time CDG share price was $3 was in 2015. For ~99% companies that period is no longer a reference benchmark for current share price especially in the transport/tourism sector.  So there is absolutely no basis for $3/share for CDG to be a discussion point in 2021/22. Seamonkeyking      ( Date: 01-Jun-2022 15:36) Posted: These were data from SGX website, you want to dispute with your facts plucked from air with SGX? Please provide data or real facts and not your own assumptions.  Nobody ask you to fork out 230k and then 100k for the renewal, you can take Comfort taxi instead mah. Conman      ( Date: 01-Jun-2022 15:30) Posted: Monkey King, What assets this ZB has that made you so impressed about? 40,000 vehicles that depreciate everyday? Every year you need to account for the depreciation and one day it will reach zero value. My own car's tyres teached $0 value after only 2.5 years when I changed to a new set yesterday. Take note : 2.5 years. And I only buy the best brand from Europe. This car was worth $230k when I bought her in 2016. Come 2026 it will land in the scrap yard if I dont pay another $100k to renew her life for another 10 years. Are you sure ZB's assets are worth $2.283 per share? I think 20c a share is more realistic 😁
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Seamonkeyking Member	01-Jun-2022 15:36        Seamonkeyking About Contact  Quote this Post!
x 0   x 0  Alert Admin	These were data from SGX website, you want to dispute with your facts plucked from air with SGX? Please provide data or real facts and not your own assumptions.  Nobody ask you to fork out 230k and then 100k for the renewal, you can take Comfort taxi instead mah. Conman      ( Date: 01-Jun-2022 15:30) Posted: Monkey King, What assets this ZB has that made you so impressed about? 40,000 vehicles that depreciate everyday? Every year you need to account for the depreciation and one day it will reach zero value. My own car's tyres teached $0 value after only 2.5 years when I changed to a new set yesterday. Take note : 2.5 years. And I only buy the best brand from Europe. This car was worth $230k when I bought her in 2016. Come 2026 it will land in the scrap yard if I dont pay another $100k to renew her life for another 10 years. Are you sure ZB's assets are worth $2.283 per share? I think 20c a share is more realistic 😁 Seamonkeyking      ( Date: 01-Jun-2022 14:21) Posted: Did a simple math, with ComfortDelgro asset at 4.955B and total outstanding shares at 2.17B, if ComfortDelgro were to liquid off evefrything, the per share stands at around  $2.283. Also the total debt was 618M but the cash and short term investments stands at 919.1M which could easily covered it.  Thus I look left loo right also cannot see any issues with ComfortDelgro what.  Furthermore, Singapore only started opening in April, so fast can see the benefits liao meh.  Thus, we need to see for at least one quater or two to really see the result of reopening.  At least the financials looks healthy.
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Conman Elite	01-Jun-2022 15:30        Conman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Monkey King, What assets this ZB has that made you so impressed about? 40,000 vehicles that depreciate everyday? Every year you need to account for the depreciation and one day it will reach zero value. My own car's tyres teached $0 value after only 2.5 years when I changed to a new set yesterday. Take note : 2.5 years. And I only buy the best brand from Europe. This car was worth $230k when I bought her in 2016. Come 2026 it will land in the scrap yard if I dont pay another $100k to renew her life for another 10 years. Are you sure ZB's assets are worth $2.283 per share? I think 20c a share is more realistic 😁 Seamonkeyking      ( Date: 01-Jun-2022 14:21) Posted: Did a simple math, with ComfortDelgro asset at 4.955B and total outstanding shares at 2.17B, if ComfortDelgro were to liquid off evefrything, the per share stands at around  $2.283. Also the total debt was 618M but the cash and short term investments stands at 919.1M which could easily covered it.  Thus I look left loo right also cannot see any issues with ComfortDelgro what.  Furthermore, Singapore only started opening in April, so fast can see the benefits liao meh.  Thus, we need to see for at least one quater or two to really see the result of reopening.  At least the financials looks healthy.
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Seamonkeyking Member	01-Jun-2022 14:21        Seamonkeyking About Contact  Quote this Post!
x 0   x 0  Alert Admin	Did a simple math, with ComfortDelgro asset at 4.955B and total outstanding shares at 2.17B, if ComfortDelgro were to liquid off evefrything, the per share stands at around  $2.283. Also the total debt was 618M but the cash and short term investments stands at 919.1M which could easily covered it.  Thus I look left loo right also cannot see any issues with ComfortDelgro what.  Furthermore, Singapore only started opening in April, so fast can see the benefits liao meh.  Thus, we need to see for at least one quater or two to really see the result of reopening.  At least the financials looks healthy.
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Seamonkeyking Member	01-Jun-2022 13:59        Seamonkeyking About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think he is long on GRAB and short on comfort.  But his trades were totally screwed and his last resort was to start singing his " truth" in this forum lor. Entropy72      ( Date: 01-Jun-2022 13:51) Posted: Conman is long term shortist with CDG target price of $0.20.  But the predicted price crash happened to his favourite Grab instead .... Seamonkeyking      ( Date: 01-Jun-2022 13:45) Posted: Ya, Australia change of govt and the people will now take kangeroos instead of public transport and also de-listing of SBS Transit and people will take donkeys to work. I also can say ComfortDelgro will pivot to air transport or even space travel.  Ownself talk cock sing song and said others are, then said ownself is the only one telling the truth..,.sounds like you are a shortists who is big in EGO. The shortists will be gone before Comfort goes to zero
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Entropy72 Master	01-Jun-2022 13:51        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Conman is long term shortist with CDG target price of $0.20.  But the predicted price crash happened to his favourite Grab instead .... Seamonkeyking      ( Date: 01-Jun-2022 13:45) Posted: Ya, Australia change of govt and the people will now take kangeroos instead of public transport and also de-listing of SBS Transit and people will take donkeys to work. I also can say ComfortDelgro will pivot to air transport or even space travel.  Ownself talk cock sing song and said others are, then said ownself is the only one telling the truth..,.sounds like you are a shortists who is big in EGO. The shortists will be gone before Comfort goes to zero. Conman      ( Date: 01-Jun-2022 12:24) Posted: Monkey King, Which of what I have said were fake? Please enlighten me. I am the only one telling the truth here and am the only one not talking cock singing song. All of you call yourself "long term investors" because all of you suffer big paper losses all the way down from $3.00 until the present $1.45!😭 😭 😭 The next risk will be from Australia with the latest change of government as well as the possible de-listing of SBS Transit. Dont say I never warn you of this 'fake news' you would like to all it. I am just guessing. Ignore if you dont agree
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Seamonkeyking Member	01-Jun-2022 13:45        Seamonkeyking About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya, Australia change of govt and the people will now take kangeroos instead of public transport and also de-listing of SBS Transit and people will take donkeys to work. I also can say ComfortDelgro will pivot to air transport or even space travel.  Ownself talk cock sing song and said others are, then said ownself is the only one telling the truth..,.sounds like you are a shortists who is big in EGO. The shortists will be gone before Comfort goes to zero. Conman      ( Date: 01-Jun-2022 12:24) Posted: Monkey King, Which of what I have said were fake? Please enlighten me. I am the only one telling the truth here and am the only one not talking cock singing song. All of you call yourself "long term investors" because all of you suffer big paper losses all the way down from $3.00 until the present $1.45!😭 😭 😭 The next risk will be from Australia with the latest change of government as well as the possible de-listing of SBS Transit. Dont say I never warn you of this 'fake news' you would like to all it. I am just guessing. Ignore if you dont agree. Seamonkeyking      ( Date: 01-Jun-2022 10:16) Posted: I think conman is a shortist and down here spreading fake news so that the stock price will drop and he benefit from it.  Karma will come to all the shortists.  Wait for it.
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Seamonkeyking Member	01-Jun-2022 13:39        Seamonkeyking About Contact  Quote this Post!
x 0   x 0  Alert Admin	Correct, he thinks we are stupid ah.  If he owned Comfort at $3, with all the analyst being bullish on comfort, wouldn' t it bring " comfort" to his bleeding portfolio?  Thus, it is likely that he is short on Comfort and urks when seeing all the analyst being bullish and called them fake news.  Same as Donald Trump that time in 2020 lost the election also called it " fake news" what.  Same kind of evil beings behaved same same. Why he so defensive and called himself " the only one telling the truth" ?  Cause maybe he shorted big in Comfort and thus now try to create fear in this forum hoping some dumb dumb will sell back to him cheap cheap lah. All these shortists will come to no good end one, see what happened to TESTLA and GAMESTOP shortists. stonkmaster      ( Date: 01-Jun-2022 12:51) Posted: Conman income must be coming from shorting comfort that?s why every time so free to spread doom to make people sell. Conman      ( Date: 01-Jun-2022 12:24) Posted: Monkey King, Which of what I have said were fake? Please enlighten me. I am the only one telling the truth here and am the only one not talking cock singing song. All of you call yourself "long term investors" because all of you suffer big paper losses all the way down from $3.00 until the present $1.45!😭 😭 😭 The next risk will be from Australia with the latest change of government as well as the possible de-listing of SBS Transit. Dont say I never warn you of this 'fake news' you would like to all it. I am just guessing. Ignore if you dont agree
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Seamonkeyking Member	01-Jun-2022 13:31        Seamonkeyking About Contact  Quote this Post!
x 0   x 0  Alert Admin	Everything you said that is not supported by facts and data is fake news.  It is created from thin air and although you called it the truth, I rather believe the analyst who provided data and facts. If anyone come to me and said trust him cause he is the only one " telling the truth" , then I will know he is the crook already.  Why are you so anxious that we provided data and facts to support ComfortDelgro??  You said you owned ComfortDelgro at price of $3?? Nvrmind, heaven is watching, surely those evil ones who play evil game will win evil prize.  Nvr said you play evil game ok, if you get agitated, means you already admitted. Conman      ( Date: 01-Jun-2022 12:24) Posted: Monkey King, Which of what I have said were fake? Please enlighten me. I am the only one telling the truth here and am the only one not talking cock singing song. All of you call yourself "long term investors" because all of you suffer big paper losses all the way down from $3.00 until the present $1.45!😭 😭 😭 The next risk will be from Australia with the latest change of government as well as the possible de-listing of SBS Transit. Dont say I never warn you of this 'fake news' you would like to all it. I am just guessing. Ignore if you dont agree. Seamonkeyking      ( Date: 01-Jun-2022 10:16) Posted: I think conman is a shortist and down here spreading fake news so that the stock price will drop and he benefit from it.  Karma will come to all the shortists.  Wait for it.
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stonkmaster Veteran	01-Jun-2022 12:51        stonkmaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Conman income must be coming from shorting comfort that?s why every time so free to spread doom to make people sell. Conman      ( Date: 01-Jun-2022 12:24) Posted: Monkey King, Which of what I have said were fake? Please enlighten me. I am the only one telling the truth here and am the only one not talking cock singing song. All of you call yourself "long term investors" because all of you suffer big paper losses all the way down from $3.00 until the present $1.45!😭 😭 😭 The next risk will be from Australia with the latest change of government as well as the possible de-listing of SBS Transit. Dont say I never warn you of this 'fake news' you would like to all it. I am just guessing. Ignore if you dont agree. Seamonkeyking      ( Date: 01-Jun-2022 10:16) Posted: I think conman is a shortist and down here spreading fake news so that the stock price will drop and he benefit from it.  Karma will come to all the shortists.  Wait for it.
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Conman Elite	01-Jun-2022 12:24        Conman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Monkey King, Which of what I have said were fake? Please enlighten me. I am the only one telling the truth here and am the only one not talking cock singing song. All of you call yourself "long term investors" because all of you suffer big paper losses all the way down from $3.00 until the present $1.45!😭 😭 😭 The next risk will be from Australia with the latest change of government as well as the possible de-listing of SBS Transit. Dont say I never warn you of this 'fake news' you would like to all it. I am just guessing. Ignore if you dont agree. Seamonkeyking      ( Date: 01-Jun-2022 10:16) Posted: I think conman is a shortist and down here spreading fake news so that the stock price will drop and he benefit from it.  Karma will come to all the shortists.  Wait for it.
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Seamonkeyking Member	01-Jun-2022 12:08        Seamonkeyking About Contact  Quote this Post!
x 0   x 0  Alert Admin	Conman is the one talking cock and the rest were providing charts and analyst reports, he only came here to talk down ComfortDelgro without providing any facts, just his own thinking and we can easily guess he is likely short in ComfortDelgro.    Conman, are you better than the analyst from big banks and trading firms?? Everytime we post something, you will ask who is the author and from where, whereas you were talking cock and not providing any reports or facts.  So who is more credible?  I rather believe in the analyst' s reports as they got numbers and facts to support, you got what? Only a foul mouth down here talking down everyone.
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