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Bro pls give constructive input, no emotion, umbrage included. Thanks.
coolbear123 ( Date: 10-May-2021 20:38) Posted:
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If I may interject, honestly, I take umbrage at this post..
Guys, put aside emotion, I think through this deal:
1. SPH media business is not a business or asset that it can dispose off as the rule is it cannot have substantial shareholders. This is fact since day 1.
2. Due to (1), this business is only meaningful to sph and shareholders if it generate profit and cash flow.
3. Due to 1 and 2, when it does not make money, Sph only have 2 choices, (a) part with it peacefully to an entity without substantial shareholders like what they propose now, (b) liquidate it and recover whatever remaining value.
4. I am initially favor for 3.b, to liquidate it. But after reading many comments against government support even for current deal, I realise that sph has moral obligation not to do so, as it has enjoyed monopoly for so long.
5. As such I would now support this deal.
6. The real problem here is (2), sph media should not appear on SPH asset in the first place.
Another key point many missed so far is that, without the media business, SPH now can allow substantial shareholders, meaning big fund could come it.
Let us see if I am right.
Welcome your input.
1. SPH media business is not a business or asset that it can dispose off as the rule is it cannot have substantial shareholders. This is fact since day 1.
2. Due to (1), this business is only meaningful to sph and shareholders if it generate profit and cash flow.
3. Due to 1 and 2, when it does not make money, Sph only have 2 choices, (a) part with it peacefully to an entity without substantial shareholders like what they propose now, (b) liquidate it and recover whatever remaining value.
4. I am initially favor for 3.b, to liquidate it. But after reading many comments against government support even for current deal, I realise that sph has moral obligation not to do so, as it has enjoyed monopoly for so long.
5. As such I would now support this deal.
6. The real problem here is (2), sph media should not appear on SPH asset in the first place.
Another key point many missed so far is that, without the media business, SPH now can allow substantial shareholders, meaning big fund could come it.
Let us see if I am right.
Welcome your input.