I just submitted my form to CDP today to sell off my Thomson Medical Centre shares. Peter Lim is currently holding 85.42% of TMC and it's no point that I hang on to mine as well. He is probably going to gain full control of TMC and de-list it thereafter. It's actually hard to let … Continue reading Divestment of TMC
Thomson Medical Centre released the FY2010 results on 26th October 2010. TMC did not disappoint as usual. I have updated my analysis to include FY2010's results. Its revenues grew 21.2% compared to FY2009. Net profit grew 27.8% for FY2010. The gross profit margin and net profit margin improved as well. GPM is at 43.71% while … Continue reading TMC FY2010 analysis
"Remiser King" Peter Lim, who was made more famous after bidding to buy over Liverpool, has offered $1.75 a share to buy over Dr Cheng Wei Chen and family's 39.34% stake in Thomson Medical Centre. Dr Cheng is the founder and largest shareholder of TMC. The offer price is at a 62% premium over the … Continue reading BREAKING NEWS: Peter Lim makes General Offer for TMC
Congratulations to Thomson Medical Centre on being named the runners-up for the "Most Transparent Company Award 2010" for the Mainboard Small Cap category. This award was handed out yesterday, 5th October 2010 at the SIAS 11th Investors Choice Awards 2010.
When I visited Thomson Medical Centre last year for a tour, the first thing that I realised was that TMC was rather small compared to other hospitals. The walkways at some areas were narrow and the ground floor was cluttered. I don't remember the management discussing about this issue until as recent as last month. … Continue reading TMC space crunch