SMRT returns trains

[Jedi]

Finally, Temasek has decided to take SMRT private aka delisting. Given that it is the largest shareholder, in fact controlling shareholder, what is $2b over dollars to Temasek. Once privatised, there is no longer a requirement to disclose anything in the future. Super good move I must say.

 

[Nikonzen]

Not good...government must know something the rest of us only suspect...

 

[Nikonzen]

Government should take all petro powered vehicles offline and turn SG into first all electric personal transport society with smart technology included. Reduce COE to price that works for millions. Dream world what can I say?

 

[lkf73]

If we look at it as half full, if Temasek take it private, the profit issue should be weaker and we can expect less fare increase?!

 

[Jedi]

If we look at it as half full, if Temasek take it private, the profit issue should be weaker and we can expect less fare increase?!

Transport fare is determined by PTO, not SMRT or LTA.

Having said that, transport fare hike is definitely on the card.

 

[Jedi]

SMRT CEO Desmond Quek has already cried out loud in the recent press conference that the profitability of the company is unsustainable due to higher expebditure costs such as maintenance, etc.

As a listed company, SMRT is liable to stakeholders such as shareholders and commuters.

The shareholders wanted returns while the commuters wanted efficiency such as shorter waiting time and less crowdness.

So what can the government do?

Firstly, buy over all the assets from SMRT.

After buying the assets over, the government realised that it no sense for SMRT to be continued to be listed. Why still subject the company to scrutiny where it has already bought over more than half of SMRT capitalisation. Why not buy over the other half as well so that SMRT can be taken off from the disclosure radar.

 

[UncleFai]

Like JEM, our MRT just seems to be jinxed... in addition to train fault, signalling fault, power fault, track fault... now water fault...

http://www.straitstimes.com/singapore/transport/passengers-drenched-by-water-leak-in-mrt-train

 

[Octarine]

Like JEM, our MRT just seems to be jinxed... in addition to train fault, signalling fault, power fault, track fault... now water fault...
http://www.straitstimes.com/singapore/transport/passengers-drenched-by-water-leak-in-mrt-train

First compain about too hot, now complain about cooling shower (which came free of charge).
Some people are really an ungrateful lot ...:bsmilie:

 

[UncleFai]

First compain about too hot, now complain about cooling shower (which came free of charge). Some people are really an ungrateful lot ...:bsmilie:

Yeah. Probably some non-critical hairline crack that should not be mid-spun to cause panic.

 

[Nikonzen]

First compain about too hot, now complain about cooling shower (which came free of charge).
Some people are really an ungrateful lot ...

Wonder how is the quality of this water? :bsmilie:

 

[NazgulKing]

For the record, this isn't privatisation; this is nationalization. SMRT is now a state-owned entity.

Apparently, the government isn't capable of calling a spade a spade.

 

[Jedi]

Temasek finally made a offer of $1.68 to buy over the shares which it doesn't own. After obtaining the mandatory share requirement, SMRT will be delisted.

SMRT was listed at $0.61 in 2000. Those who bought during the IPO and hold it until now, at least not too bad. Not forgetting the dividends collected over the years.

 

[UncleFai]

SMRT was listed at $0.61 in 2000. Those who bought during the IPO and hold it until now, at least not too bad. Not forgetting the dividends collected over the years.

Precisely because SMRT and its CEOs have been very focus on shareholder value and profit. You see how ungrateful locals are now?

 

[Nikonzen]

Maybe the general is right and he needs more money to sustain it. This doesn't sound good long term or short term for that matter. It's getting more expensive to live.