UPDATE: TransCab IPO - cancelled!
-
I think below $1, about $0.30 cents. What good is the dividends
-
they are going for bus operater contract from LTA
-
True, there will also be a private bus contract from australia, the location of their terminal will be at bukit batok, maybe TC is join venturing with them and at the same time, produce their own CNG buses. TC management are mostly ex Temasek top executives, there is link with Govt, our govt had in a way unable to increase bus fares for fear of citizens making noises at them, and to be frank, SMRT and Trans are not profitable, yet hold lots of problems, from PRC drivers to local aging drivers to paxs non stop complaints. Since going privatisation, Local bus is still unable to get a clear foot hold on the ground that it is a private entity and therefore, expect profit year by year. However, as buses are also an essential transport for the country's people, care must be taken to provide and yet not overly charging. Therefore, to change the scenarios further, it will intro and give permit to more business to enter bus contract so as to provide a better illusion of privatisation. Like taxis, formerly, one or two companies, cannot anyhow increase fares, now, with few companies, consider total privatisation, each can comand their own start up fares. In conclusion, Govt is looking into increasing bus fares by creating a competitative bus business here in Singapore so as to push away the citizen mindset that buses is suppose to be a public transport provided by govt at a low fares.
-
in fact they only operate the service route and maintain the buses and employ drivers only. the buses are owned by LTA and you already see the buses on the roads now. LTA buy over all the buses from smrt and sbst and let out to new operators to use.
-
left pocket out, right pocket in....
the best part, left pocket out is from us, anf the right pocket in will never be us
-
Originally posted by bowah:
True, there will also be a private bus contract from australia, the location of their terminal will be at bukit batok, maybe TC is join venturing with them and at the same time, produce their own CNG buses.
TC management are mostly ex Temasek top executives, there is link with Govt, our govt had in a way unable to increase bus fares for fear of citizens making noises at them, and to be frank, SMRT and Trans are not profitable, yet hold lots of problems, from PRC drivers to local aging drivers to paxs non stop complaints.
-
Originally posted by wsy1234:
in fact they only operate the service route and maintain the buses and employ drivers only. the buses are owned by LTA and you already see the buses on the roads now. LTA buy over all the buses from smrt and sbst and let out to new operators to use.
That is correct. In fact, from now on, with government in control, very very hard to increase fare. Look at UK. Need to subsidise every year up to £500 million. Where is the money going to come from? ERP, Road Tax, Traffic fines....who pay all these? Those who use the roads often aka Taxi drivers lah. -
Originally posted by bowah:
TC management are mostly ex Temasek top executives, there is link with Govt, our govt had in a way unable to increase bus fares for fear of citizens making noises at them, and to be frank, SMRT and Trans are not profitable, yet hold lots of problems, from PRC drivers to local aging drivers to paxs non stop complaints.
Bro, name me one ex Temasek top executive in TC, "with links to the govt."
-
Originally posted by Taxilim88:
Bro, name me one ex Temasek top executive in TC, "with links to the govt."
Do I need to name it?? just take yr Jasmine as example, former cdg...who control cdg? who control smrt, who control cng in singapore?? -
Originally posted by bowah:
Do I need to name it?? just take yr Jasmine as example, former cdg...who control cdg? who control smrt, who control cng in singapore??If you don't name, as good as tcss lor.
If TC got ex Temasek top executives with links to government, how come they cannot stop the government from imposing tax on CNG and screwed up Mr Teo's big plans?
-
Top executives does not imply that they must link with the govt, they are ex temasek executives who had left temasek to open up their new cab business to base on CNG which is supplied by Union gas under City spring plant at JI. As pple today uses induction cooker, oven or micro, there are lesser and lesser people using gas, maybe only those zhi char, therefore, city spring make a loss in it operation, if you had bought their shares, you might be suffering now, and such, how can CNG be lowered? if so, city spring, under temasek can close shop liao. Aben then, I thot this forum is TCSS one..so tcss correct mah. Go check teo origin lah
-
Trans-Cab offers 153m shares in IPO
SINGAPORE - Trans-Cab, Singapore's second largest taxi operator, has lodged its preliminary prospectus for public listing.
It has appointed DBS Bank as the principal banker and receiving bank for the exercise, which seeks subscribers for 153 million new shares in the company.
That excludes 65 million cornerstone shares which Eastspring Investments (Singapore), FIL Investment Management (Hong Kong), Havenport Asset Management, JF Asset Management, Lion Global Investors and Maxi-Harvest Group have agreed to take up.
Trans-Cab said it has received its eligibility-to-list from Singapore Exchange. The public listing will open and close this month, and the initial public offering price will be made known soon.
-
Nets machine also dun have IPO LJ LAH!!!
-
Need to get cornerstone investors which is a popular trend with HK IPOs. Hmm...it shows that they are not very confident of their IPO and need to reduce the volatility of their share price.
IPO price should be around 65 cents....lai lai, place bet..
For a company that does not even file their financial statements with ACRA, going IPO must have been a challenging decision to make.
-
65 cents? this kind of LJ share got 35 cents can hide one corner and laugh liao....
-
what LJ share? I think it should be a catch if it is 30 cents as it is the second largest transport company in taxi rental after comfort. it might go higher if it get the public bus operator licence. maybe LJ managment might force the share go down after it listed. TC better get the HQ office clean up and have a nice co-operate look. long time never go there it is still the same? like market?
-
Originally posted by wsy1234:
what LJ share? I think it should be a catch if it is 30 cents as it is the second largest transport company in taxi rental after comfort. it might go higher if it get the public bus operator licence. maybe LJ managment might force the share go down after it listed. TC better get the HQ office clean up and have a nice co-operate look. long time never go there it is still the same? like market?
Second largest...but big big difference. Comfort got a fleet of more than 16,000 taxis whereas TC got only what..4,500+ taxis?
Won't be 30 cents lah..I still maintain the IPO price at 65 cents or thereabouts.
-
-
I think opening might be 60 or 70 cents, then after that drop to 30 cts but give good dividends, so investors will hold and earn dividend rather than sell. I believe the direction is not going to put investment into taxi business alone, because taxi business in singapore is quite saturated, they might broaden it to Buses and other private transportation. Once a company going into public listing, it will need better discipline with more stringent rules and regulations and that include the TC drivers, but not to worry, with bus business, they can alway pok you as taxi driver and convert you to bus driver.
-
Originally posted by Ct2220:
All Eligible members are allow to apply for two Lot. (SGD 0.70)
(Eligible member : Driver that joined Transcab more than One Year).
Those interested eligible member, Please kindly contact 6xxx xxxx by 07th Nov 2014 to register your application.
And submit your CDP information and Cash or Cheque (SGD 700 or SGD 1,400) to the following address :
ABCDEFGH on 12~14 Nov 2014i wonder if submit $500K what will happen? this is no joke. what 2 LOT?!!!? kiasi people take over from outside. if people outside can buy from 20 taxi drivers that will be 14000. i wonder if offer extra $150 more per share and take over the share from the drivers will people sell?
-
Originally posted by wsy1234:
i wonder if submit $500K what will happen?
He ! He ! He !
oso two lots. -
he hehe he
-
Originally posted by wsy1234:
he hehe he
有兄弟问俺；CT æ€Žä¹ˆæ ·å�¯ä»¥ä¹°å�—？能赚钱å�—？
ä½ æœ‰ç¥žé©¬ç©ºå¤´å�—？阿花有说神马å�—？ 有多大的进展空间。。。。。。。。
俺的ç”æ¡ˆæ˜¯ï¼šä½ ä»¥ä¸ºé˜¿èŠ±è¿˜æ•¢æ”¾ç¥žé©¬å±�å�—？
在159047~å¥¹å‡ ä¹Žé—ç�€çœ¼ç�›éƒ½çŸ¥é�“洗手间在那里？至于有多大的进展空间~能赚钱å�—？
俺�是算得那么准，当年就�会
ä¸�过，以红å±�股的背景，那两粒å°�馒头在1~2å‘¨å†…ï¼Œèµšå‡ ç™¾å�—å–�茶钱应该ä¸�是问题ï¼�
-
Public offering $0.68 nia. Cheaper then $0.70 offered to TD. Lol tio parang liao.
-
Originally posted by hammerhammer8888:
Public offering $0.68 nia. Cheaper then $0.70 offered to TD. Lol tio parang liao.
喂�阿花，WTF�
为什么，俺�给多$0.02 ？？？？
