| Latest Forum Topics / Hyflux 6% CPS Last:65.37 -- |
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CapitalMallTrust
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ysh2006
Supreme |
21-Aug-2016 18:30
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Okay in this case will be non issue fund like we all sometimes need money so sell some shares to tie up. ..!!
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Know-Your-Stuff
Senior |
21-Aug-2016 17:53
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No such clauses. Check yourself also.
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Know-Your-Stuff
Senior |
21-Aug-2016 17:52
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I bought the perpertual  6% one which is callable in 2020 with step-up at 8.2% coupon. The premise is i do not believe Hyflux will go bust. DOYDD. I believe they will prosper when i studied their Q2 results and new projects and products coming and joint ventures with Mitsubishi. The consumer division is going to be the next OSIM soon generating recurrant income. They issue  all these 2  bonds because of these new investments.
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zillion
Master |
21-Aug-2016 15:59
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some bonds hv  a covenant that if mother share price drops below an x amt it triggers early redemption. does it applies to Hyflux? |
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ehclim
Elite |
21-Aug-2016 15:49
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Preferred shares have a stated par value. In case of liquidation the claim of preferred stock holders is restricted to the par value of the preferred stock. The claim of preferred stockholder' s on assets comes after that of creditors but before that of common stockholders.
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ehclim
Elite |
21-Aug-2016 15:46
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&minus Preferred shares have a stated par value.
&minus In case of liquidation the claim of preferred stock holders is restricted to the par value of the preferred stock.
&minus The claim of preferred stockholder&rsquo s on assets comes after that of creditors but before that of common stockholders.
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ehclim
Elite |
21-Aug-2016 15:43
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Bond is a debt instrument. Any default in corporate bond may leads to corporate bankruptcy. Whereas Preferred stock is a hybrid form of financing, combining feature of debt and common stock. The preferred stock has a fi xed payment like bonds. However, the preferred dividend is not earned, the directors can omit it without throwing the company into bankruptcy.  
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dspatrick
Member |
21-Aug-2016 14:16
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There are Retail Preference Share - Hyflus 6% CPS 10    and  another  Retail Bonds - Hyflus 6% PerCapSec.  Which one is better to buy ?  Any difference between these two ?   Both do not have maturity date. So you can not be sure when can get your principal back ?
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Know-Your-Stuff
Senior |
20-Aug-2016 17:24
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No need to worry. After i checked with a broking house, i bought 10K myself. The selldown is across the board because some HNWI who use leverage or margin to buy the O& G bonds like Swiber and KrisEnergy, etc are selling their non O& G bonds to cover their losses in their O& G bonds.  Indiscrimanant selling is a chance to make $$$. Of all the retail bonds, i think Hyflux is the safest because water is a live or death issue for us. If really Hyflux need help, Temasek or government will come in. Government will not let Hyflux collapse. They have a 20 years water supply with PUB. If Hyflux collapse, we also die because 40% of our water supply come from there. The market cap is just meager $400M, a piece of cake for TH after they sell SingTel. If that happen, their bonds will surge above par, just like the 3 banks. So if next week drop some more, I will load up more.     |
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blesscosg
Member |
20-Aug-2016 12:42
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Hyflux has been paying dividends all these years. The CEO is a resourceful and experience enterpreneur. Her wisdom will bring Hyflux to greater height. Opportunity now to buy the preference share at a discount. If redemption happen in 2018 will get back par value.
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Qanghoo
Supreme |
20-Aug-2016 10:40
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Just as a note of caution, please exercise extra care before jumping into the share.  In this hopeless mkt of ours, where liquidity seems non existent, n apparently px of stocks seems to be dictated by invisible forces, exploiting the current negative sentiment surrounding swiber n other highly geared coys to compress prices without end appears so easy to execute.  So, if anyone wants to jeep, maybe best to do it by playing poker with the chng kays n nibble bit by bit if they keep pressing the px down.  As for the    CPS, yes, buying below par seems a good idea to me.  U get ur div n redeem it at par when it matures.  DYODD as always. 
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Qanghoo
Supreme |
20-Aug-2016 10:20
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I have every confidence that the CEO is steering Hyflux in the right direction.  This is an infrastructure coy, purely a water play up to abt a yr plus ago.  Then, probably to lots of people' s surprise, they bid n won the tender to build n operate  the latest n likely the  most sophisticated incineration plant project in Spore.    My guess is, in doing so, they beat Keppel Corp  of all coys, amongst others.  In the process, they also managed to secure the partnership of Mitsubishi Heavy Industries.  A great achievement to start with.  How did the CEO manage to pull it off it she were not extraordinarily resourceful?  A fluke?  Don' t think NEA takes chances with such a critical project, does it? 
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lionhill
Veteran |
19-Aug-2016 20:55
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This one will be called next year, right?
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edchai
Veteran |
19-Aug-2016 14:10
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Sorry ... cumulative preference shares
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edchai
Veteran |
19-Aug-2016 14:08
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Chep cheap now.  Hold it until the company call back the bond,  you get back SGD100/share. |
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samudra
Veteran |
19-Aug-2016 12:01
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the next dividend payment for the 6% will be on oct 26...... why the worry. They already have money with the recent bond raised. |
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john_ric
Supreme |
19-Aug-2016 11:51
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It has negative cash flow.
Worrysome.
Hope got money. To pay bonds.
Ceo oiv is con hee s supporter. God will help her.
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Equity1
Senior |
19-Aug-2016 11:20
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I think the selling is overly done. Such a solid comp with gd projects/businesses and gd revenue growth has bn pressed down for no basis. Look for a rebounce any moment. Why does bond price get affected I don' t see any valid reason. Don' t scare yourself and sell cheaply. Dyodd 
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halleluyah
Supreme |
19-Aug-2016 11:02
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Vry bearish....
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Just4win
Supreme |
19-Aug-2016 10:53
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LOL... am tempted to enter at this price. 
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