TF103
2021-05-06

So what should be do? Sell or hold?

@Healthywealt：
$SINGAPORE PRESS HLDGS LTD(T39.SI)$From Business time 6 May 21. Extract part of The message . Read business time for more complete information ... ”SPH said many news organisations overseas are operating under such structures, including The Guardian in the United Kingdom, which has been controlled by the Scott Trust since 1936; and the Tampa Bay Times in the United States, which is owned by the non-profit Poynter Institute. Lee Boon Yang, chairman of SPH, said: "With the resources that SPH is providing upfront and the prospects for public-private partnership funding going forward, we anticipate that SPH Media will have a more sustainable financial future." After the transfer of SPH Media to the CLG, SPH will no longer be subject to shareholder and other relevant restrictions under the NPPA. Dr Lee added: "The exercise will give SPH greater financial flexibility to tailor its capital and shareholding structure to seize strategic growth opportunities across the other businesses in order to maximise returns for shareholders." SPH called for a trading halt on Thursday before the market opened. Its shares fell 1.1 per cent or S$0.02 on Wednesday to close at S$1.79.”
$SINGAPORE PRESS HLDGS LTD(T39.SI)$From Business time 6 May 21. Extract part of The message . Read business time for more complete information ... ”SPH said many news organisations overseas are operating under such structures, including The Guardian in the United Kingdom, which has been controlled by the Scott Trust since 1936; and the Tampa Bay Times in the United States, which is owned by the non-profit Poynter Institute. Lee Boon Yang, chairman of SPH, said: "With the resources that SPH is providing upfront and the prospects for public-private partnership funding going forward, we anticipate that SPH Media will have a more sustainable financial future." After the transfer of SPH Media to the CLG, SPH will no longer be subject to shareholder and other relevant restrictions under the NPPA. Dr Lee added: "The exercise will give SPH greater financial flexibility to tailor its capital and shareholding structure to seize strategic growth opportunities across the other businesses in order to maximise returns for shareholders." SPH called for a trading halt on Thursday before the market opened. Its shares fell 1.1 per cent or S$0.02 on Wednesday to close at S$1.79.”

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

  • Top
  • Latest
  • Healthywealt
    ·2021-05-06
    Not sure, but Worrying . Cos financial impact short term does not seem attractive
    Reply
    Report