Who bought SMRT's shares?

[Kb27]

what is rail assets? Comprises?

 

Thought the hardwares were from gahment (LTA), operators only operate and maintain?

 

 

 

Seems to be the trend here.

 

Gahmen use taxpayers money to give to train operators, town councils ($2 company).

Then sell back to gahmen to make profit.

 

Who's the real sucker ?

[Solar]

This becomes like the model where gov owns all the hardware and software, the vendor will run it. The Only risk is the operator screw up operations.

Nearly bau jiak.

Time to load up this counter?

[Throttle2]

I lost $10k overall in SMRT.

My poor judgement.

Now left with about 20,000 shares , just bochap in CDP

[JE3722]

Dont understand the logic.

SMRT given monopoly to ran the rail system and stations.

With that, they branched into the retail and advertising, capitalising on the human traffic flow - which made them millions.

They are able to generate the millions only because that have the stations and train service to have the human traffic flow.

Why they always complain on the lost making train/bus service but never complain how that helped them generate revenue from retail/advert?

 

It is like Amazon selling Kindles at cost/loss but keep the people in the Amazon eco system and generate sales from books and serivces tied to Kindle Amazon.

Or the Telcos giving handset discount to keep us paying monthly bills.

 

If SMART want to sell back the asest to the Gov, then Gov should only have them on service contract to run the train service - like service contract to the cleaning services.

 

Keep the retail and advert revenues for the public coffers.

[TJX]

Wonder if the sale involved sales of intangible assets as well.....

[Sabian]

Dont understand the logic.

SMRT given monopoly to ran the rail system and stations.

With that, they branched into the retail and advertising, capitalising on the human traffic flow - which made them millions.

They are able to generate the millions only because that have the stations and train service to have the human traffic flow.

Why they always complain on the lost making train/bus service but never complain how that helped them generate revenue from retail/advert?

 

It is like Amazon selling Kindles at cost/loss but keep the people in the Amazon eco system and generate sales from books and serivces tied to Kindle Amazon.

Or the Telcos giving handset discount to keep us paying monthly bills.

 

If SMART want to sell back the asest to the Gov, then Gov should only have them on service contract to run the train service - like service contract to the cleaning services.

 

Keep the retail and advert revenues for the public coffers.

Runs in the familee.

 

SingTel also kpkb about lost sms revenue but conveniently forgot to mention how much more they are making from broadband.

 

Ask them if they are willing to exchange their broadband revenue for their old sms revenue lah.

 

It's almost like Caltex kpkb nobody fills up with their RON 92 after they introduced RON 98.

Edited May 3, 2014 by Sabian

[JE3722]

Runs in the familee.

 

SingTel also kpkb about lost sms revenue but conveniently forgot to mention how much more they are making from broadband.

 

Ask them if they are willing to exchange their broadband revenue for their old sms revenue lah.

 

It's almost like Caltex kpkb nobody fills up with their RON 92 after they introduced RON 98.

 

This is the flip side to privatisation

Looks good on paper

Gov share in these companies is now worth more .... but it is "looks good on paper" only

 

With no competition, these companies no need to inovate, but is still under pressure to deliver yearly increase in profits for the stock market.

SMART is now paying back what they put off for the last few year...

Skimming on mantaince in the past... now forced to spend more (PUS interest) now to undo the damage...

[Ktglfc]

Garmen business, where got lose money one, just need to transfer for left pocket to right pocket.

If not enough, take from public ppl lor.

 

We are subjected to all these. No choice.