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Soup Restaurant Group

Soup Restaurant Group

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dydx Offline
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#1
01-08-2011, 07:33 PM
Anyone who owns shares in this counter should take a close look into the just released 1H-FY11 results.....
http://info.sgx.com/webcoranncatth.nsf/V...F003104CE/$file/SRGL_HalfYearResults_300611.pdf?openelement

This is the 2nd half-year period Soup has reported lower profits caused by mainly higher operating costs.

Based on Soup's 298.5m outstanding issued shares and last done share price of $0.146, market cap. now stands at $43.58m, vs. equity of $16.257m as at 30Jun11. A relevant question: Can Mr Market continue to support the current valuation?
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piggo Offline
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#2
02-08-2011, 12:25 AM
Haha... being a scb user, I won't be eligible to their shareholder benefit (discount for food). Which makes it less attractive for me...

They do serve pretty good chicken Wink there was some deal.com.sg for them a week or two back?
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edragon Offline
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#3
02-08-2011, 10:44 AM
I think the food service industry is being squeezed by the landlord as well as the food supplier so I put my bets on the squeezer rather than the victim. haha!
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WolfT Offline
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#4
02-08-2011, 11:00 AM
They should just change all or most of their soup resturant to Dian xiao er...
The thing about karma, It always comes around and bite you when you least expected.
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valuestalker Offline
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#5
02-08-2011, 11:13 AM
The balance sheet is very strong, with no debt and net cash.
The net margin dropped by a lot though compared to previous years.
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redcorolla95 Offline
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#6
02-08-2011, 06:13 PM
(02-08-2011, 11:13 AM)valuestalker Wrote: The balance sheet is very strong, with no debt and net cash.
The net margin dropped by a lot though compared to previous years.

Their operating leases commitments are about $14.8m; which is more than their cash of $11m. So they're not in net cash.
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valuestalker Offline
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#7
02-08-2011, 08:36 PM
(02-08-2011, 06:13 PM)redcorolla95 Wrote:
(02-08-2011, 11:13 AM)valuestalker Wrote: The balance sheet is very strong, with no debt and net cash.
The net margin dropped by a lot though compared to previous years.

Their operating leases commitments are about $14.8m; which is more than their cash of $11m. So they're not in net cash.

From the latest result (above link), the cash is about S$ 15M right?
Ok, just about knocked off then.
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dydx Offline
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#8
31-03-2012, 06:55 AM
After reading the latest announcement (dated 30Mar12).....
http://info.sgx.com/webcoranncatth.nsf/V...10046F46F/$file/BT_Article.pdf?openelement
, I think it is absolutely important that in business one should only get/have partners who are honest and have integrity, as well as people who are reasonable and of good nature and personality. Otherwise, it can end up a real disaster in the event of a dispute or disagreement.
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yaosheng Offline
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#9
31-03-2012, 10:02 AM
Soup Restaurant has been suffering from profitability issues for the last year, even before this dispute came up.
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freedom Offline
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#10
31-03-2012, 10:14 AM
no surprise. the escalating rental must be killing them.
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