NoonTalk Media takes steps to ensure working capital until mid-2025
NOONTALK Media said on Friday (Oct 11) that it will have sufficient working capital and financial resources to meet its liabilities up to mid-2025, through various measures aimed at boosting its finances.
The entertainment company had total liabilities of S$2.8 million as at end-June 2024, up from S$2.4 million in the previous corresponding period.
The measures it is taking include tightening controls over expenses, and entering into a S$2 million interest-free loan agreement with the company’s executive director and CEO, Dasmond Koh.
As at Wednesday, when the loan was announced, he held a deemed interest of an aggregate of around 123.8 million ordinary shares in NoonTalk, representing a stake of 62.6 per cent.
The loan is to be repaid in full on or after Jul 1, 2026. The money will be provided to NoonTalk in tranches upon signing and from December 2024 to April 2025, as well as whenever necessary, in line with the company’s cash-flow requirements.
The funds will go towards NoonTalk’s working capital, business expansion and cash-flow needs, said the company.
The entertainment company sank deeper into the red with a net loss of S$3.8 million for FY2024, up from S$3.2 million the year before. Its net operating cash outflow amounted to S$876,207, down from S$1.7 million in the previous year.
NoonTalk’s auditor said in a note: “These conditions indicate the existence of a material uncertainty that may cast significant doubt about the company’s ability to continue as a going concern.”
In view of the net loss and cash outflow, the auditor tested the company’s assets and film products for impairment, evaluated the appropriateness of its accounting policies for film products, and analysed revenue estimates from its film production.
Additionally, the auditor highlighted expected credit losses on finance lease receivable, trade receivables and contract assets.
It noted that as at Jun 30, NoonTalk’s finance lease receivable, trade receivables and contract assets amounted to S$445,231 and S$262,133, respectively, representing 17 per cent of the company’s total assets.
It then discussed with the company the status of long-outstanding balances and its consideration of debtor’s credit risks, among other measures.
2. Since Dasmond Koh himself is providing the loan entirely interest-free, the company can therefore save on associated interest payments which, when accrued over time, could be substantial had it taken a bank loan instead.
Much has been said in recent months of the local bourse’s lethargic performance. The latest article comments that short-termism among many market participants is an under-explored underlying reason for the market’s lethargy (Singapore market ripe for a mid-cap boost?, Feb 12).
In response, I wish to make a number of observations.
First, the Straits Times Index (STI) has continued to trade below its pre-2008 financial crisis levels. In comparison, the three major American indexes – the Dow Jones index, the S&P 500 and the Nasdaq 100 – have all traded past their pre-crisis levels.
Second, for at least the past 10 years, the top ranks of the STI have seen few changes to their composition when compared with America’s Nasdaq or S&P 500. This is a symptom of poorer economic dynamism.
Third, Reits or real estate investment trusts have populated the ranks of the STI in recent years. Businesses create wealth; real estate is an expression of wealth.
Fourth, the willingness and ability of Singaporean capital to work the stock market is, on the aggregate, low. Big money (and big business) here are, broadly, either government-influenced or family-influenced. Further, the upper-middle class generally prefers real estate.
Fifth, the local ecosystem of analysts is nowhere as sophisticated as that in America and its coverage nowhere as comprehensive.
Price-to-book and price-to-earnings are applied blatantly, often neglecting a business’ capital needs, profit margins and growth potential, or other metrics more appropriate for the industry.
Sixth, Singaporean capital is generally more cautious and conservative.
Seventh, the Singapore economy is heavily oriented towards trade and its offshoots, and growth in new sectors is typically driven by multinational corporations. These businesses typically find no need to raise capital from the local bourse.
Eighth, merger and acquisition activity – an important driver in equity valuations – in Singapore is much less dynamic than in America.
Lastly, the valuation differential is so absurd as compared with the United States that attractive companies see no point listing here.
Noontalk Media’s H1 loss narrows 40% to S$1.3 million
Entertainment company reduced its net loss for the first six months of its financial year (FY2024) by 40 per cent, to S$1.3 million from S$2.1 million in the previous corresponding period.
That puts its loss per share at 0.64 Singapore cent from 1.26 cent previously.
The Catalist-listed company, with Singaporean actor and television host Dasmond Koh as its chief executive, reported its latest financial statement on Tuesday (Feb 6).
In the same fiscal period, revenue rose 16 per cent to S$2.3 million from S$2.0 million.
Revenue from its production division increased 7.8 per cent to S$1.3 million from having more small-scale, physical live events, which made up for the fall in number of large-scale projects.
An increase in the engagements of affiliated artistes and a concert bumped revenue from its management and events operations by 29.7 per cent to S$0.9 million.
Noontalk is a bona fide joke, so much so zi char stalls probably boast of better turnovers than it; how on earth it even managed to become listed is completely beyond me.
NoonTalk Media left with $1.78 mil of IPO net proceeds
NoonTalk Media made use of some $319,000 of its IPO proceeds for expenses from Aug 22 to Nov 6.
NoonTalk Media SEJ is left with approximately $1.78 million of its initial public offering (IPO) proceeds after utilising some $319,000 of its IPO proceeds for expenses from Aug 22 to Nov 6.
Since making its trading debut on Nov 22 last year, the talent management company has used the net proceeds from its IPO to extend its regional footprint and leadership in existing business verticals, particularly in film and drama production, investments in multimedia technology and incurred working capital and general corporate expenses.
In April, NoonTalk partnered with production house Oak 3 Films to finance an upcoming film. The first tranche of its final payment of $179,000 was made to Oak 3 to be used in the production of the film.
An additional $140,000 was incurred during a statutory audit.
NoonTalk says the utilisation of its net proceeds are in accordance with the intended use of proceeds from the IPO, and that it will continue to make periodic announcements on the utilisation of the balance of the net proceeds from the IPO.
Shares in NoonTalk closed flat at 9.9 cents on Nov 6.
Perhaps some cheapo dirty flick masquerading as an arthouse production, where all the actresses need to do is flash their tits every now and then onscreen to get folks into cinemas ;)
NoonTalk Media takes steps to ensure working capital until mid-2025
NOONTALK Media said on Friday (Oct 11) that it will have sufficient working capital and financial resources to meet its liabilities up to mid-2025, through various measures aimed at boosting its finances.
The entertainment company had total liabilities of S$2.8 million as at end-June 2024, up from S$2.4 million in the previous corresponding period.
The measures it is taking include tightening controls over expenses, and entering into a S$2 million interest-free loan agreement with the company’s executive director and CEO, Dasmond Koh.
As at Wednesday, when the loan was announced, he held a deemed interest of an aggregate of around 123.8 million ordinary shares in NoonTalk, representing a stake of 62.6 per cent.
The loan is to be repaid in full on or after Jul 1, 2026. The money will be provided to NoonTalk in tranches upon signing and from December 2024 to April 2025, as well as whenever necessary, in line with the company’s cash-flow requirements.
The funds will go towards NoonTalk’s working capital, business expansion and cash-flow needs, said the company.
The entertainment company sank deeper into the red with a net loss of S$3.8 million for FY2024, up from S$3.2 million the year before. Its net operating cash outflow amounted to S$876,207, down from S$1.7 million in the previous year.
NoonTalk’s auditor said in a note: “These conditions indicate the existence of a material uncertainty that may cast significant doubt about the company’s ability to continue as a going concern.”
In view of the net loss and cash outflow, the auditor tested the company’s assets and film products for impairment, evaluated the appropriateness of its accounting policies for film products, and analysed revenue estimates from its film production.
Additionally, the auditor highlighted expected credit losses on finance lease receivable, trade receivables and contract assets.
It noted that as at Jun 30, NoonTalk’s finance lease receivable, trade receivables and contract assets amounted to S$445,231 and S$262,133, respectively, representing 17 per cent of the company’s total assets.
It then discussed with the company the status of long-outstanding balances and its consideration of debtor’s credit risks, among other measures.
https://www.businesstimes.com.sg/companies-markets/noontalk-media-takes-steps-ensure-working-capital-until-mid-2025
STI lethargy due to more than just short-termism
Much has been said in recent months of the local bourse’s lethargic performance. The latest article comments that short-termism among many market participants is an under-explored underlying reason for the market’s lethargy (Singapore market ripe for a mid-cap boost?, Feb 12).
In response, I wish to make a number of observations.
First, the Straits Times Index (STI) has continued to trade below its pre-2008 financial crisis levels. In comparison, the three major American indexes – the Dow Jones index, the S&P 500 and the Nasdaq 100 – have all traded past their pre-crisis levels.
Second, for at least the past 10 years, the top ranks of the STI have seen few changes to their composition when compared with America’s Nasdaq or S&P 500. This is a symptom of poorer economic dynamism.
Third, Reits or real estate investment trusts have populated the ranks of the STI in recent years. Businesses create wealth; real estate is an expression of wealth.
Fourth, the willingness and ability of Singaporean capital to work the stock market is, on the aggregate, low. Big money (and big business) here are, broadly, either government-influenced or family-influenced. Further, the upper-middle class generally prefers real estate.
Fifth, the local ecosystem of analysts is nowhere as sophisticated as that in America and its coverage nowhere as comprehensive.
Price-to-book and price-to-earnings are applied blatantly, often neglecting a business’ capital needs, profit margins and growth potential, or other metrics more appropriate for the industry.
Sixth, Singaporean capital is generally more cautious and conservative.
Seventh, the Singapore economy is heavily oriented towards trade and its offshoots, and growth in new sectors is typically driven by multinational corporations. These businesses typically find no need to raise capital from the local bourse.
Eighth, merger and acquisition activity – an important driver in equity valuations – in Singapore is much less dynamic than in America.
Lastly, the valuation differential is so absurd as compared with the United States that attractive companies see no point listing here.
Fong Cheng Hung
https://www.straitstimes.com/opinion/forum/forum-sti-lethargy-due-to-more-than-just-short-termism
Noontalk Media’s H1 loss narrows 40% to S$1.3 million
Entertainment company reduced its net loss for the first six months of its financial year (FY2024) by 40 per cent, to S$1.3 million from S$2.1 million in the previous corresponding period.
That puts its loss per share at 0.64 Singapore cent from 1.26 cent previously.
The Catalist-listed company, with Singaporean actor and television host Dasmond Koh as its chief executive, reported its latest financial statement on Tuesday (Feb 6).
In the same fiscal period, revenue rose 16 per cent to S$2.3 million from S$2.0 million.
Revenue from its production division increased 7.8 per cent to S$1.3 million from having more small-scale, physical live events, which made up for the fall in number of large-scale projects.
An increase in the engagements of affiliated artistes and a concert bumped revenue from its management and events operations by 29.7 per cent to S$0.9 million.
https://www.businesstimes.com.sg/companies-markets/noontalk-medias-h1-loss-narrows-40-s13-million
Rubbish stock exchange attracting rubbish companies to list sounds just about right👌
Seems to me SGX 无药可救 liao
Without government grants the company would have been severely in the red for both FY2020 and FY2022😲
NoonTalk Media left with $1.78 mil of IPO net proceeds
NoonTalk Media made use of some $319,000 of its IPO proceeds for expenses from Aug 22 to Nov 6.
NoonTalk Media SEJ is left with approximately $1.78 million of its initial public offering (IPO) proceeds after utilising some $319,000 of its IPO proceeds for expenses from Aug 22 to Nov 6.
Since making its trading debut on Nov 22 last year, the talent management company has used the net proceeds from its IPO to extend its regional footprint and leadership in existing business verticals, particularly in film and drama production, investments in multimedia technology and incurred working capital and general corporate expenses.
In April, NoonTalk partnered with production house Oak 3 Films to finance an upcoming film. The first tranche of its final payment of $179,000 was made to Oak 3 to be used in the production of the film.
An additional $140,000 was incurred during a statutory audit.
NoonTalk says the utilisation of its net proceeds are in accordance with the intended use of proceeds from the IPO, and that it will continue to make periodic announcements on the utilisation of the balance of the net proceeds from the IPO.
Shares in NoonTalk closed flat at 9.9 cents on Nov 6.
https://sg.finance.yahoo.com/news/noontalk-media-left-1-78-021652021.html
NoonTalk isn't even worth of a penny stock status, that's the harsh truth
NUFF SAID.
The photos of Dasmond used in the video make him look like a fucking faggot, seriously. Or maybe he is?
Rubbish company 就 rubbish company, 没有办法的 :(