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The company is working towards divesting their projects in Tianjin Dagang , China , and partial divestment of Tuaspring Integrated Water and Power plant, Sgp.
They shd use some of the proceeds to redeem the bonds and capital securities.
Hope the company will release more official announcement soon pertaining to the date of bond redemption.
oic. I did buy both... not much.. just vested small amount. Good luck to all of us here.
TenPips ( Date: 29-Nov-2017 17:55) Posted:
Reached buy price. I won' t buy the shares or the other bond. This Bond can still try. Don' t think a company that deals with municipal services will fold within 6 months.
Just4win ( Date: 29-Nov-2017 17:26) Posted:
| Oh? Why leh ? Got confidence now |
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Reached buy price. I won' t buy the shares or the other bond. This Bond can still try. Don' t think a company that deals with municipal services will fold within 6 months.
Just4win ( Date: 29-Nov-2017 17:26) Posted:
Oh? Why leh ? Got confidence now?
TenPips ( Date: 29-Nov-2017 17:11) Posted:
| Loaded some. Looking to add more. |
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Oh? Why leh ? Got confidence now?
TenPips ( Date: 29-Nov-2017 17:11) Posted:
| Loaded some. Looking to add more. |
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Loaded some. Looking to add more.
This one redeems earlier, in about 5 months' time. The other one a few years later.
john_ric ( Date: 27-Nov-2017 13:26) Posted:
you mean the other 6% bond is worse? what is the reason??
TenPips ( Date: 27-Nov-2017 10:13) Posted:
| I wouldn' t dare touch the other bond. Am still open to buy this one if it reaches my buy price. |
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since this is a cumulative perps..sooner or latre they have to pay up..or go bust
xtraderx ( Date: 27-Nov-2017 16:12) Posted:
They won' t close shop, at most step up the interest rate to 8%, 6% is what a typical junk rated bond yields now, since this is junior to bonds 8% is right about fair anyway.
Investors who are trying to bottom fish this need to consider the possibility that Hyflux might choose to not distribute dividends to shareholders, they have no short term financing needs now so they don' t have to worry about market reaction to that. Remember preference shares are not bonds, they don' t need to die die pay coupon every year.
bernardc ( Date: 27-Nov-2017 08:44) Posted:
if they do not..they will close shop...or raise the interest to 8% pa..
anyway the $1 perps was ipo to pay for the $100 perps..i believe this is one of the main reason |
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They won' t close shop, at most step up the interest rate to 8%, 6% is what a typical junk rated bond yields now, since this is junior to bonds 8% is right about fair anyway.
Investors who are trying to bottom fish this need to consider the possibility that Hyflux might choose to not distribute dividends to shareholders, they have no short term financing needs now so they don' t have to worry about market reaction to that. Remember preference shares are not bonds, they don' t need to die die pay coupon every year.
bernardc ( Date: 27-Nov-2017 08:44) Posted:
if they do not..they will close shop...or raise the interest to 8% pa..
anyway the $1 perps was ipo to pay for the $100 perps..i believe this is one of the main reasons
xtraderx ( Date: 15-Nov-2017 10:33) Posted:
The company' s cash burn rate is crazy, whats the rationale behind this confidence that Hyflux will definitely call back the preference shares? Because Temasek has a stake in it?
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you mean the other 6% bond is worse? what is the reason??
TenPips ( Date: 27-Nov-2017 10:13) Posted:
| I wouldn' t dare touch the other bond. Am still open to buy this one if it reaches my buy price. |
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I wouldn' t dare touch the other bond. Am still open to buy this one if it reaches my buy price.
if they do not..they will close shop...or raise the interest to 8% pa..
anyway the $1 perps was ipo to pay for the $100 perps..i believe this is one of the main reasons
xtraderx ( Date: 15-Nov-2017 10:33) Posted:
The company' s cash burn rate is crazy, whats the rationale behind this confidence that Hyflux will definitely call back the preference shares? Because Temasek has a stake in it?
lorann ( Date: 13-Nov-2017 20:56) Posted:
| Hold on very tightly cos 6% p.a. coming soon with call back additional principal |
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lelong sale. grab before offer ends.
free cash flow all negative for the last 4 years?
Liekwise the other Hyflux reall in 2020 is almost 10% pa worth parking to
No worries. park money and get returns for another 2.5 yrs.
Trading at effective return of almost 10%/pa now.. assume if it is redeemed in 2.5yrs later ...
The company' s cash burn rate is crazy, whats the rationale behind this confidence that Hyflux will definitely call back the preference shares? Because Temasek has a stake in it?
lorann ( Date: 13-Nov-2017 20:56) Posted:
| Hold on very tightly cos 6% p.a. coming soon with call back additional principal |
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OK.. today is the last chance.
genting^2 ( Date: 14-Nov-2017 23:14) Posted:
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Get it before it si gone
Pretty good.. 6 rounds of div + cap gain if it is redeemed in May 2020.
Thx !
genting^2 ( Date: 14-Nov-2017 15:11) Posted:
| i think so. definitely more than 6% that is for sure as recall will be at $1.00 |
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