1) Lifebrandz closes Ministry of Sound
Many Singaporeans may have heard and/or been to Ministr
y of Sound (MOS in short). Me? Never! You always get long queue and I hate long queue. Reported in Business Times today, club operator Lifebrandz closed its Ministry of Sound outlet at Clarke Quay on 6 Sep, less than three years after operations. Lifebrandz said that it has terminated a licence agreement with Ministry of Sound International, which owns the franchise. It said that it plans to redevelop the 40,000 square foot dance club premises into an entertainment centre 'which will be different in concept from the Ministry of Sound outlet'.
2) St. James
Without MOS, we still have St. James. And do you know that St
. James is listed! Actually St. James was not listed through an IPO but it was bought over by then listed company JK Technology. I’ve been joking with my friends by inviting them to “my pub” to drink. I don’t own ST. James of course. But since it is listed now, I will get a chance to own it…. very soon.
Many Singaporeans may have heard and/or been to Ministr
y of Sound (MOS in short). Me? Never! You always get long queue and I hate long queue. Reported in Business Times today, club operator Lifebrandz closed its Ministry of Sound outlet at Clarke Quay on 6 Sep, less than three years after operations. Lifebrandz said that it has terminated a licence agreement with Ministry of Sound International, which owns the franchise. It said that it plans to redevelop the 40,000 square foot dance club premises into an entertainment centre 'which will be different in concept from the Ministry of Sound outlet'.2) St. James
Without MOS, we still have St. James. And do you know that St
. James is listed! Actually St. James was not listed through an IPO but it was bought over by then listed company JK Technology. I’ve been joking with my friends by inviting them to “my pub” to drink. I don’t own ST. James of course. But since it is listed now, I will get a chance to own it…. very soon.let’s take a quick look at St. James' performance for the year ended 30 Jun 2008.
Revenue: S$35m (39% variance)
NP: S$4.3m (127% variance)
Margin: 12.3%
Working capital: 1.03 (low but is acceptable since the busines
s deals maintain in cash or equivalent)
Gearing: 0%
The group currently also own Bar None and The Living Room at Marriot Hotel. The group also announced that it has acquired the assets of former Crazy Horse cabaret and turning it into a restaurant with live music – The Bellini Grande. The restaurant is expected to open in late Sep 2008.
Revenue: S$35m (39% variance)
NP: S$4.3m (127% variance)
Margin: 12.3%
Working capital: 1.03 (low but is acceptable since the busines
s deals maintain in cash or equivalent)Gearing: 0%
The group currently also own Bar None and The Living Room at Marriot Hotel. The group also announced that it has acquired the assets of former Crazy Horse cabaret and turning it into a restaurant with live music – The Bellini Grande. The restaurant is expected to open in late Sep 2008.
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