Singapore Press Holdings 01 (May 08 - Nov 11)

[winston]

Not vested.

SINGAPORE PRESS HOLDINGS - Deutsche Bank upgraded on Thursday its recommendations on the media group to "Buy" and raised its target price by 30 percent to S$4.30, citing higher advertising revenue growth assumptions on the back of better economic outlook.

[b0rderc0llie]

Currently, SPH constitutes 34% of my total assets. I allocate my assets like a pyramid, with low risk assets at the base and high risk assets at the top. SPH forms the base of my pyramid.

[winston]

Dear All,

I have split out the various discussions on "Risk Management" and filed them in the "Risk Management" thread, located in the "Other Investment Ideas" section.

Take care,
Winston

[millionairemind]

Oct 12, 2009
SPH posts $422m profit
DESPITE the challenging conditions due to the financial downturn, media giant Singapore Press Holdings on Monday reported net profit of $421.9 million for the financial year ended Aug 31.
After accounting for taxation, net profit declined 3.6 per cent from last year's $437.4 million.

The Group delivered a strong set of results with recurring earnings of $497 million, which was marginally lower than the $501.7 million reported a year ago. The Group's investment income fell from a gain of $47.7 million last year to a loss of $6.2 million this year, brought about by turmoil in the financial markets.

Group operating revenue at $1,301.4 million remained comparable to that achieved in the previous year. The Newspaper and Magazine segment, whose performance is closely linked to the economy, saw its revenue decline by 12 per cent to $892.4 million. Print advertisement revenue fell 16.9 per cent to $648.3 million.

The Group's Property segment turned in a robust performance, with revenue from Sky@eleven and Paragon increasing by $104.3 million and $5.3 million respectively. Operating revenue from the Group's other businesses rose by $12.0 million, with the increase coming from the growth in the Group's internet business as well as new subsidiaries providing events management and investor relations services.

On the outlook for FY2010, Mr Alan Chan, Chief Executive Officer of SPH, said: 'Business outlook remains uncertain although there are signs of a gradual recovery. Our advertisement revenue, which saw some improvements in recent months, is expected to move in tandem with the economy. Barring unforeseen circumstances, the Directors expect performance for the current financial year to be satisfactory.'

The Directors of SPH have proposed a Final Dividend of 18 cents per share, comprising a Normal Dividend of 9 cents per share and a Special Dividend of 9 cents per share. These dividends will be paid on Dec 23. Together with the Interim Dividend paid during the year, total dividend payout for FY 2009 will be 25 cents.

[kennynah]

4.5 million people or about 1.5 million households.

Victoria Secret magazine probably have better future

Ask around, how many folks even read The Straits Times anymore?? The world of paper media is dying. We probably only advertise in the obituaries section only; which by the way is ridiculously expensive. Let me rephrase, it's outright day-light robbery!!

[ucypmas]

Its called pricing power. You tend to have that when you are the only big newspaper in town.

[b0rderc0llie]

Ask around, how many folks even read The Straits Times anymore?? The world of paper media is dying. We probably only advertise in the obituaries section only; which by the way is ridiculously expensive. Let me rephrase, it's outright day-light robbery!!

I read the Straits Times everyday when I am not abroad. I think I prefer to read from a paper source rather than on the computer screen. How many of you do that too? Or do you prefer to read online?

[kennynah]

Its called pricing power. You tend to have that when you are the only big newspaper in town.

pricing power? is this what the academics call it...

i'll just call it... hooliganism...tua pie kia...违背良心

[kennynah]

I read the Straits Times everyday when I am not abroad.

i dont read it in singapore or abroad...

[Rontan]

I read in the papers (Straits Times of course) that said paper ads is still the most effective as compared to online ads. This is according to a survey done in UK. Many experts said that newspaper industry is on the decline. Even WB said that. However, my 2c view is that SPH is operating in a different environment. They have created an unfair advantage over the years and it is hard for competition to break in. Whether this is right, moral or ethical..I think as a business, they are worth putting some money in. I can also see that SPH is using their resources and try to muscle their way into some others areas other than newspaper. This could bear fruits in years to come.