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prophetjul Master	29-Jul-2024 09:06        prophetjul About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fingers crossed MrBear12      ( Date: 29-Jul-2024 08:21) Posted: by then, it will be past 50 cents a share. investshare      ( Date: 29-Jul-2024 06:52) Posted: Ok let us revisit this 6 months later
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MrBear12 Supreme	29-Jul-2024 08:21        MrBear12 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Cast all our anxieties on Jesus for He cares for us"
x 0   x 0  Alert Admin	by then, it will be past 50 cents a share. investshare      ( Date: 29-Jul-2024 06:52) Posted: Ok let us revisit this 6 months later. Alignment      ( Date: 29-Jul-2024 02:24) Posted: The EGM approving the KMC restructuring only happened in mid May, and the resulting debt restructuring that facilitates the 11% p.a. dividend increase only happened in June. So the impact on the 1H24 results is minimal. You would expect to see almost all the impact in the 2H24 results. Same goes for the Ventura deal. The deal only closed in June, so again you only see a minimal impact in the 1H24 results, with most of the impact being seen in 2H24. Reminder that the 3.4% DPU accretion forecast for the Ventura deal is based on an assumption of a sizable equity placement, which KIT is now implicitly saying may not be needed. If this is the case (or if the equity placement is ultimately less than initially needed) then the accretion will be much higher than 3.4%. So in summary the answer to your question is that these deals only closed right at the end of the half year, so you will barely see any impact in the first half results. It will all be in the second half. Adding on things like the German solar deals etc and the second half is looking like one where the DPU is going to jump very significantly along the lines of what you are saying you anticipated for the first half
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investshare Supreme	29-Jul-2024 06:52        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ok let us revisit this 6 months later. Alignment      ( Date: 29-Jul-2024 02:24) Posted: The EGM approving the KMC restructuring only happened in mid May, and the resulting debt restructuring that facilitates the 11% p.a. dividend increase only happened in June. So the impact on the 1H24 results is minimal. You would expect to see almost all the impact in the 2H24 results. Same goes for the Ventura deal. The deal only closed in June, so again you only see a minimal impact in the 1H24 results, with most of the impact being seen in 2H24. Reminder that the 3.4% DPU accretion forecast for the Ventura deal is based on an assumption of a sizable equity placement, which KIT is now implicitly saying may not be needed. If this is the case (or if the equity placement is ultimately less than initially needed) then the accretion will be much higher than 3.4%. So in summary the answer to your question is that these deals only closed right at the end of the half year, so you will barely see any impact in the first half results. It will all be in the second half. Adding on things like the German solar deals etc and the second half is looking like one where the DPU is going to jump very significantly along the lines of what you are saying you anticipated for the first half. investshare      ( Date: 28-Jul-2024 16:22) Posted: Half yearly results just announced, dividend up 1% yoy after all the blockbuster yield accretive acquisition. Where is your 11% increase
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MrBear12 Supreme	29-Jul-2024 05:42        MrBear12 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Cast all our anxieties on Jesus for He cares for us"
x 0   x 0  Alert Admin	Rightly noted by Alignment. Cheers mate! Good Health to you. May you continue to align our views with the facts. Alignment      ( Date: 29-Jul-2024 02:24) Posted: The EGM approving the KMC restructuring only happened in mid May, and the resulting debt restructuring that facilitates the 11% p.a. dividend increase only happened in June. So the impact on the 1H24 results is minimal. You would expect to see almost all the impact in the 2H24 results. Same goes for the Ventura deal. The deal only closed in June, so again you only see a minimal impact in the 1H24 results, with most of the impact being seen in 2H24. Reminder that the 3.4% DPU accretion forecast for the Ventura deal is based on an assumption of a sizable equity placement, which KIT is now implicitly saying may not be needed. If this is the case (or if the equity placement is ultimately less than initially needed) then the accretion will be much higher than 3.4%. So in summary the answer to your question is that these deals only closed right at the end of the half year, so you will barely see any impact in the first half results. It will all be in the second half. Adding on things like the German solar deals etc and the second half is looking like one where the DPU is going to jump very significantly along the lines of what you are saying you anticipated for the first half. investshare      ( Date: 28-Jul-2024 16:22) Posted: Half yearly results just announced, dividend up 1% yoy after all the blockbuster yield accretive acquisition. Where is your 11% increase
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Alignment Elite	29-Jul-2024 02:24        Alignment About Contact  Quote this Post! Style: Fundamental
x 1   x 0  Alert Admin	The EGM approving the KMC restructuring only happened in mid May, and the resulting debt restructuring that facilitates the 11% p.a. dividend increase only happened in June. So the impact on the 1H24 results is minimal. You would expect to see almost all the impact in the 2H24 results. Same goes for the Ventura deal. The deal only closed in June, so again you only see a minimal impact in the 1H24 results, with most of the impact being seen in 2H24. Reminder that the 3.4% DPU accretion forecast for the Ventura deal is based on an assumption of a sizable equity placement, which KIT is now implicitly saying may not be needed. If this is the case (or if the equity placement is ultimately less than initially needed) then the accretion will be much higher than 3.4%. So in summary the answer to your question is that these deals only closed right at the end of the half year, so you will barely see any impact in the first half results. It will all be in the second half. Adding on things like the German solar deals etc and the second half is looking like one where the DPU is going to jump very significantly along the lines of what you are saying you anticipated for the first half. investshare      ( Date: 28-Jul-2024 16:22) Posted: Half yearly results just announced, dividend up 1% yoy after all the blockbuster yield accretive acquisition. Where is your 11% increase? Alignment      ( Date: 27-Jul-2024 14:39) Posted: You are incorrect as to this being a one off. p47 of the 1 April circular relating to the transaction states that the 11% DPU increase is " computed as the difference between the KIT&rsquo s share of loan amortisation of S$44.6 million under the External Facility less KIT&rsquo s share of the loan amortisation of S$20.8 million under the New External Facility" . So the refi has reduced the loan amortisation by $23.8m, a reduction which is not just a one off in the first year after refi, but is the case for every future year until the end of the loan (at which point presumably KIT will refi the loan again, which in turn requires another extension deal between Keppel and KMC). This then allows the increase in DPU to be permanent. So this DPU increase will not be a one off, but is ongoing
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MrBear12 Supreme	28-Jul-2024 17:49        MrBear12 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Cast all our anxieties on Jesus for He cares for us"
x 0   x 0  Alert Admin	Strong platform for continued growth  New contributions from Ventura and German Solar Portfolio (Phases 1, 2 and 3)  Resumption of contributions from KMC post capital restructuring  Stable underlying operational performance across portfolio
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investshare Supreme	28-Jul-2024 16:22        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Half yearly results just announced, dividend up 1% yoy after all the blockbuster yield accretive acquisition. Where is your 11% increase? Alignment      ( Date: 27-Jul-2024 14:39) Posted: You are incorrect as to this being a one off. p47 of the 1 April circular relating to the transaction states that the 11% DPU increase is " computed as the difference between the KIT&rsquo s share of loan amortisation of S$44.6 million under the External Facility less KIT&rsquo s share of the loan amortisation of S$20.8 million under the New External Facility" . So the refi has reduced the loan amortisation by $23.8m, a reduction which is not just a one off in the first year after refi, but is the case for every future year until the end of the loan (at which point presumably KIT will refi the loan again, which in turn requires another extension deal between Keppel and KMC). This then allows the increase in DPU to be permanent. So this DPU increase will not be a one off, but is ongoing. investshare      ( Date: 27-Jul-2024 11:53) Posted: It is one off, given out as a special payment, no more next year
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prophetjul Master	28-Jul-2024 12:58        prophetjul About Contact  Quote this Post!
x 0   x 0  Alert Admin	Damn right!  beetlejuice      ( Date: 28-Jul-2024 08:19) Posted: Business trusts can distribute dividends based on their cash flows, not just net profit. Since depreciation and amortization are non-cash expenses, they don't affect the trust's ability to generate cash. Therefore, the trust can distribute dividends exceeding its net profit, as long as it has sufficient cash flows.
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prophetjul Master	28-Jul-2024 12:56        prophetjul About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shows how ignorant you are. Biz trusts are not Reits. They can easily pay dividends out of their free cash folows unlike normal companies. spore1      ( Date: 27-Jul-2024 21:23) Posted: This is even more dangerous! Simply borrow and borrow to pay dividend. Your money you decide prophetjul      ( Date: 27-Jul-2024 16:56) Posted: Hello. This is not a Reit. It' s a buisness trust. No gearing limitations like Reits
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emailpeter Veteran	28-Jul-2024 11:29        emailpeter About Contact  Quote this Post!
x 0   x 0  Alert Admin	Greetings @MrBear, nice to recognise your handwriting here, while this msg reaches you in good health and happiness. I do keep some KIT, its a safe bastion. Appreciate all good inputs here. While I caught your attention, the Y sister shares both report 1H in mid Aug. If you do hold or intend to whichever, do feel free to pen you opinions of them. All is much appreciated. MrBear12      ( Date: 28-Jul-2024 09:53) Posted: No rights issue needed. The interest cover of 14.1X is healthy. Gearing of 45% is moderately high. As observed by some, dividend is backed by strong cash flows and not paid from borrowings. DYODD and reflect this trust accurately. spore1      ( Date: 27-Jul-2024 14:20) Posted: Gearing 45%. This is the highest as compared to all the index reit counters! Distribution income is down 35% , yet it pays out higher dpu! I think rights issue might happen anytime.. Pls dyodd.
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MrBear12 Supreme	28-Jul-2024 09:53        MrBear12 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Cast all our anxieties on Jesus for He cares for us"
x 0   x 0  Alert Admin	No rights issue needed. The interest cover of 14.1X is healthy. Gearing of 45% is moderately high. As observed by some, dividend is backed by strong cash flows and not paid from borrowings. DYODD and reflect this trust accurately. spore1      ( Date: 27-Jul-2024 14:20) Posted: Gearing 45%. This is the highest as compared to all the index reit counters! Distribution income is down 35% , yet it pays out higher dpu! I think rights issue might happen anytime.. Pls dyodd. investshare      ( Date: 27-Jul-2024 12:21) Posted: After all the so call dpu accretive acquisition, the dpu only up 1%. What a joke. Keppel Infrastructure Trust (KIT) has reported a distribution per unit (DPU) of 1.95 cents for the 1HFY2024, 1.0% higher y-o-y. Based on KIT?s closing price of 47 cents as at June 28, the DPU translates to an annualised yield of 8.3%. Distributable income, however, fell by 31.5% y-o-y to $91.0 million due to one-off costs and timing differences. The amount is underpinned by steady operational performance, and includes the resumption of contributions from Keppel Merlimau Cogen (KMC) plant and contributions from new acquisitions completed in the 1HFY2024
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beetlejuice Master	28-Jul-2024 08:19        beetlejuice About Contact  Quote this Post!
x 0   x 0  Alert Admin	Business trusts can distribute dividends based on their cash flows, not just net profit. Since depreciation and amortization are non-cash expenses, they don't affect the trust's ability to generate cash. Therefore, the trust can distribute dividends exceeding its net profit, as long as it has sufficient cash flows.
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MrBear12 Supreme	28-Jul-2024 04:27        MrBear12 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Cast all our anxieties on Jesus for He cares for us"
x 0   x 0  Alert Admin	I have decided to stay with this trust because it is stable in cash flows in an industry that is essential for humanity and bears. Trade in essentials stlimst      ( Date: 27-Jul-2024 22:20) Posted: You are right - Your money, You decide!! I have been holding KIT (wef 2015) since the company  was known as Cityspring - that was many, many years back. This is one of the better business trust that pays good distribution consistently and rewards shareholders with entitlements too. The share price has been very steady and only fell below $0.40 briefly during Covid time. In terms of dividend and entitlement received, my invetsment in KIT/Cityspring has been covered many time over. Such is the record of this business trust. One of my best return on investment in my portfolio....and the safest too. My views only. spore1      ( Date: 27-Jul-2024 21:23) Posted: This is even more dangerous! Simply borrow and borrow to pay dividend. Your money you decide
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stlimst Master	27-Jul-2024 22:20        stlimst About Contact  Quote this Post!
x 0   x 0  Alert Admin	You are right - Your money, You decide!! I have been holding KIT (wef 2015) since the company  was known as Cityspring - that was many, many years back. This is one of the better business trust that pays good distribution consistently and rewards shareholders with entitlements too. The share price has been very steady and only fell below $0.40 briefly during Covid time. In terms of dividend and entitlement received, my invetsment in KIT/Cityspring has been covered many time over. Such is the record of this business trust. One of my best return on investment in my portfolio....and the safest too. My views only. spore1      ( Date: 27-Jul-2024 21:23) Posted: This is even more dangerous! Simply borrow and borrow to pay dividend. Your money you decide prophetjul      ( Date: 27-Jul-2024 16:56) Posted: Hello. This is not a Reit. It' s a buisness trust. No gearing limitations like Reits
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spore1 Supreme	27-Jul-2024 21:23        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is even more dangerous! Simply borrow and borrow to pay dividend. Your money you decide prophetjul      ( Date: 27-Jul-2024 16:56) Posted: Hello. This is not a Reit. It' s a buisness trust. No gearing limitations like Reits. spore1      ( Date: 27-Jul-2024 14:20) Posted: Gearing 45%. This is the highest as compared to all the index reit counters! Distribution income is down 35% , yet it pays out higher dpu! I think rights issue might happen anytime.. Pls dyodd.
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prophetjul Master	27-Jul-2024 16:56        prophetjul About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hello. This is not a Reit. It' s a buisness trust. No gearing limitations like Reits. spore1      ( Date: 27-Jul-2024 14:20) Posted: Gearing 45%. This is the highest as compared to all the index reit counters! Distribution income is down 35% , yet it pays out higher dpu! I think rights issue might happen anytime.. Pls dyodd. investshare      ( Date: 27-Jul-2024 12:21) Posted: After all the so call dpu accretive acquisition, the dpu only up 1%. What a joke. Keppel Infrastructure Trust (KIT) has reported a distribution per unit (DPU) of 1.95 cents for the 1HFY2024, 1.0% higher y-o-y. Based on KIT?s closing price of 47 cents as at June 28, the DPU translates to an annualised yield of 8.3%. Distributable income, however, fell by 31.5% y-o-y to $91.0 million due to one-off costs and timing differences. The amount is underpinned by steady operational performance, and includes the resumption of contributions from Keppel Merlimau Cogen (KMC) plant and contributions from new acquisitions completed in the 1HFY2024
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Alignment Elite	27-Jul-2024 14:39        Alignment About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	You are incorrect as to this being a one off. p47 of the 1 April circular relating to the transaction states that the 11% DPU increase is " computed as the difference between the KIT&rsquo s share of loan amortisation of S$44.6 million under the External Facility less KIT&rsquo s share of the loan amortisation of S$20.8 million under the New External Facility" . So the refi has reduced the loan amortisation by $23.8m, a reduction which is not just a one off in the first year after refi, but is the case for every future year until the end of the loan (at which point presumably KIT will refi the loan again, which in turn requires another extension deal between Keppel and KMC). This then allows the increase in DPU to be permanent. So this DPU increase will not be a one off, but is ongoing. investshare      ( Date: 27-Jul-2024 11:53) Posted: It is one off, given out as a special payment, no more next year. Alignment      ( Date: 27-Jul-2024 10:24) Posted: I read it all again in light of your comments - its all clearer now thank you. As you say it reflects at least in part a refi which increases the debt level. But the extension which facilitated this has increased the asset value so the increase in debt and extension of the amortisation profile makes sense. The 11% DPU increase is also not a one off (in that it will not fall away after a year) - in fact it is permanent, with higher ongoing levels of cash being made available from KMC cashflows
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spore1 Supreme	27-Jul-2024 14:20        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Gearing 45%. This is the highest as compared to all the index reit counters! Distribution income is down 35% , yet it pays out higher dpu! I think rights issue might happen anytime.. Pls dyodd. investshare      ( Date: 27-Jul-2024 12:21) Posted: After all the so call dpu accretive acquisition, the dpu only up 1%. What a joke. Keppel Infrastructure Trust (KIT) has reported a distribution per unit (DPU) of 1.95 cents for the 1HFY2024, 1.0% higher y-o-y. Based on KIT?s closing price of 47 cents as at June 28, the DPU translates to an annualised yield of 8.3%. Distributable income, however, fell by 31.5% y-o-y to $91.0 million due to one-off costs and timing differences. The amount is underpinned by steady operational performance, and includes the resumption of contributions from Keppel Merlimau Cogen (KMC) plant and contributions from new acquisitions completed in the 1HFY2024. prophetjul      ( Date: 27-Jul-2024 07:40) Posted: Obviously a KIT shortie. Better if you criticise the fresh performance of KIT?
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prophetjul Master	27-Jul-2024 14:12        prophetjul About Contact  Quote this Post!
x 0   x 0  Alert Admin	What I dislike is the very high fees of the manager. Take a look at the hike in fees.  From $14.45 to 38.67mil!  investshare      ( Date: 27-Jul-2024 12:21) Posted: After all the so call dpu accretive acquisition, the dpu only up 1%. What a joke. Keppel Infrastructure Trust (KIT) has reported a distribution per unit (DPU) of 1.95 cents for the 1HFY2024, 1.0% higher y-o-y. Based on KIT?s closing price of 47 cents as at June 28, the DPU translates to an annualised yield of 8.3%. Distributable income, however, fell by 31.5% y-o-y to $91.0 million due to one-off costs and timing differences. The amount is underpinned by steady operational performance, and includes the resumption of contributions from Keppel Merlimau Cogen (KMC) plant and contributions from new acquisitions completed in the 1HFY2024. prophetjul      ( Date: 27-Jul-2024 07:40) Posted: Obviously a KIT shortie. Better if you criticise the fresh performance of KIT?
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investshare Supreme	27-Jul-2024 12:21        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	After all the so call dpu accretive acquisition, the dpu only up 1%. What a joke. Keppel Infrastructure Trust (KIT) has reported a distribution per unit (DPU) of 1.95 cents for the 1HFY2024, 1.0% higher y-o-y. Based on KIT?s closing price of 47 cents as at June 28, the DPU translates to an annualised yield of 8.3%. Distributable income, however, fell by 31.5% y-o-y to $91.0 million due to one-off costs and timing differences. The amount is underpinned by steady operational performance, and includes the resumption of contributions from Keppel Merlimau Cogen (KMC) plant and contributions from new acquisitions completed in the 1HFY2024. prophetjul      ( Date: 27-Jul-2024 07:40) Posted: Obviously a KIT shortie. Better if you criticise the fresh performance of KIT?    investshare      ( Date: 26-Jul-2024 23:28) Posted: In layman term it is called max out the credit limit. To say it has positive impact of 11% dpu is misleading because it is one time off
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