Did SMRT COI investigate link between Fare Hikes & Profits?

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Did SMRT COI investigate link between Fare Hikes & Profits?

Postby chenwj » Wed May 09, 2012 10:45 am

I think SMRT should be nationalised. You look at the charts and analysis this blogger gave, make sense? No?

http://unbrandedbreadnbutter.wordpress. ... ong-track/

SMRT’s Dividend Policy

SMRT has a policy that guides it to distribute at least 60% of their profits as dividends. In fact, it has consistently (since 2006) distributed about 75% or more of their profits. For example, in 2010, it earned 10.7c per share and distributed 8.5c as dividend, amounting to almost an 80% distribution of its profits. Hence, if SMRT consistently distributes most of its profits back to its shareholders, how much does it have to to competently maintain, renew, reinvest and innovate on its operations??


PS: sorry ah, SMRT shareholders in KSP :sweat:

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Re: Did SMRT COI investigate link between Fare Hikes & Profi

Postby winchester » Wed May 09, 2012 11:02 am

smrt profits is mainly from retail and rental right? not fares.

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Re: Did SMRT COI investigate link between Fare Hikes & Profi

Postby chenwj » Wed May 09, 2012 1:00 pm

winchester wrote:smrt profits is mainly from retail and rental right? not fares.


Yes. But shouldn't these profits be better used such as increased maintenance or increase SMRT staff salaries? Better still, curb increasing fares.

SMRT priorities are wrong.

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Re: Did SMRT COI investigate link between Fare Hikes & Profi

Postby raysusan » Wed May 09, 2012 1:16 pm

The consistent breakdowns don't comes overnight.
Can't be bother is also another key word

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Re: Did SMRT COI investigate link between Fare Hikes & Profi

Postby chenwj » Wed May 09, 2012 1:56 pm

raysusan wrote:The consistent breakdowns don't comes overnight.
Can't be bother is also another key word


Did you notice, once it breaks down, it keeps on breaking down! Wifey passed a (insensitive) remark last night "How come the maids suddenly start falling to death"?

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Re: Did SMRT COI investigate link between Fare Hikes & Profi

Postby limlim » Wed May 09, 2012 3:29 pm

They should also study why the NS, EW line, for over a decades, no issues, while the NEW circle line within 1 week got major fault..

When the trains first go on track, OTC was the transport minister..? Look at the quality of the transport minister now.........

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Re: Did SMRT COI investigate link between Fare Hikes & Profi

Postby chenwj » Fri May 11, 2012 12:51 pm

limlim wrote:They should also study why the NS, EW line, for over a decades, no issues, while the NEW circle line within 1 week got major fault..

When the trains first go on track, OTC was the transport minister..? Look at the quality of the transport minister now.........


It is interesting that you brought up Ong Teng Cheong. He was the only trade unionist who sanctioned a labour strike, without informing the government. great man.

He tried to fulfill his presidential duties but were hit by road blocks. in retrospect, there isn't much about Ong, no books no memoirs?

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Re: Did SMRT COI investigate link between Fare Hikes & Profi

Postby chenwj » Fri May 11, 2012 12:53 pm

I seriously think this blogger has the potential to surpass TOC..

His latest argument on SMRT COI
http://unbrandedbreadnbutter.wordpress. ... continues/

:scared:

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