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Good for KC also.... watch its results after 5pm today
whisng ( Date: 26-Jan-2022 18:36) Posted:
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Actually I bought in more yesterday at 0.555 as after the dividend the price will be 0.536, so it' s like taking the money first. Furthermore with KIT expanding it' s biz, likely we will see more increase in revenue and thus dividends. Thinking of adding more today if the goondos sell at 0.555.
HVRRVH ( Date: 26-Jan-2022 19:02) Posted:
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I bought this after the Basslink news break. Honestly the effect on price wasn' t much but nevertheless, bought it for covid defendsive play. Glad that the dpu has increased. Good yield as it is and if the price inconceivably drop, may consider to add.
New biz of KIT...another source of revenue...another huat ah!!
Sale of electricity to users of electric vehicles at charging stations
City Energy&rsquo s vision to expand its portfolio beyond gas to provide electric vehicle charging solutions through its sub-brand, City Energy Go. In connecton with the foregoing, the KIT Trustee-Manager wishes to announce the incorporation of the following subsidiary.
https://links.sgx.com/FileOpen/KIT%202H%20and%20FY2021%20-%20706A%20SGX%20Announcement.ashx?App=Announcement& FileID=698986
Sale of electricity to users of electric vehicles at charging stations
City Energy&rsquo s vision to expand its portfolio beyond gas to provide electric vehicle charging solutions through its sub-brand, City Energy Go. In connecton with the foregoing, the KIT Trustee-Manager wishes to announce the incorporation of the following subsidiary.
https://links.sgx.com/FileOpen/KIT%202H%20and%20FY2021%20-%20706A%20SGX%20Announcement.ashx?App=Announcement& FileID=698986
Huat ah to all real investors of KIT!!
Really happy especially this point * Declared DPU of 1.92cents for 2H2021, bringing FY2021 DPU to 3.78cents, a first-time increase from the 3.72 cents annual payout since 2016
Really happy especially this point * Declared DPU of 1.92cents for 2H2021, bringing FY2021 DPU to 3.78cents, a first-time increase from the 3.72 cents annual payout since 2016
Lobster ( Date: 26-Jan-2022 17:57) Posted:
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Really impressive results.... at least better than ARA Logos.
Keppel Infrastructure Trust declared higher DPU of 3.78 cents for FY 2021
* Achieved Group EBITDA of $317.6 million1 and free cash flow to equity (FCFE)2 of $192.2 million
* Declared DPU of 1.92cents for 2H2021, bringing FY2021 DPU to 3.78cents, a first-time increase from the 3.72 cents annual payout since 2016
* Unveiled key target sectors for growth, focusing on core and core plus infrastructure assets and businesses in the developed APAC and EMEA markets
* Setting up of a dedicated Board Environmental, Social and Governance (ESG) Committee to focus
sustainability efforts and aspirations
* Commit to implement and align with the Task Force on Climate-Related Financial Disclosures (TCFD) framework over the next few years, and to achieve 30% carbon intensity reduction by 2030 from 2019 levels
Keppel Infrastructure Trust declared higher DPU of 3.78 cents for FY 2021
* Achieved Group EBITDA of $317.6 million1 and free cash flow to equity (FCFE)2 of $192.2 million
* Declared DPU of 1.92cents for 2H2021, bringing FY2021 DPU to 3.78cents, a first-time increase from the 3.72 cents annual payout since 2016
* Unveiled key target sectors for growth, focusing on core and core plus infrastructure assets and businesses in the developed APAC and EMEA markets
* Setting up of a dedicated Board Environmental, Social and Governance (ESG) Committee to focus
sustainability efforts and aspirations
* Commit to implement and align with the Task Force on Climate-Related Financial Disclosures (TCFD) framework over the next few years, and to achieve 30% carbon intensity reduction by 2030 from 2019 levels
KIT going to give div also got so many dumb F people selling. Really born without brains. I going to take my div and if these idiots sell again, going to buy more and get more div. Huat ah!!
The idiots are selling again. Bought some at 0.555, cos I know the div if no increase will make the buying price to be 0.5364, very worth it. If increase then likely price will break 0.6, even more huat. With the inflation and possible recession coming, KIT will not be impacted, and likely will strive, cause rememeber KIT had braved the 2008 financial crisis.
Sell some more lah idiots, then I can buy somemore at cheap price. Huat ah!!!
Sell some more lah idiots, then I can buy somemore at cheap price. Huat ah!!!
The shortist are digging their own graves again. Yesterday short vol was 69% of the total traded vol. Huat ah!! Hope they just lose all their money and exit the market forever!
Huat to all real investors of KIT!!
Next wed going to announce div liao, hope KIT increase it' s div and totally destroy these idiots.
Huat to all real investors of KIT!!
Next wed going to announce div liao, hope KIT increase it' s div and totally destroy these idiots.
Think the fund managers or big boys buying...vol now is 12 mil and price already reached 0.555. Huat ah!! Likely the stupid idiot shorts now panic liao. Serve them right!!! Hope they lose all their money and exit the market forever!!!!
The evil shortist are at it again, yesterday' s short volume was 88%. When these idiots short sold we buy, so that they can be destroyed.
Huat ah to all real investors of KIT!!!
Huat ah to all real investors of KIT!!!
Hopefully with the new CEO at helm for his first result announcement, this time they will announce increase in Dividends and all investors will like him. Huat to all real investors of KIT!!
Notice of Date for Keppel Infrastructure Trust&rsquo s Second Half and Full Year 2021 Financial Results
Singapore, 4 January 2022 &ndash Keppel Infrastructure Fund Management Pte. Ltd. (&ldquo Trustee-Manager&rdquo ), as trustee-manager of Keppel Infrastructure Trust (&ldquo KIT&rdquo ), wishes to inform that it will announce KIT&rsquo s financial results for the second half and full year ended 31 December 2021 on Wednesday, 26 January 2022. Following the announcement of the financial results, the Trustee-Manager will be holding a live audio webcast at 6pm on Wednesday, 26 January 2022. The session will commence with an overview of KIT&rsquo s performance and outlook, followed by a Question & Answer session.
Notice of Date for Keppel Infrastructure Trust&rsquo s Second Half and Full Year 2021 Financial Results
Singapore, 4 January 2022 &ndash Keppel Infrastructure Fund Management Pte. Ltd. (&ldquo Trustee-Manager&rdquo ), as trustee-manager of Keppel Infrastructure Trust (&ldquo KIT&rdquo ), wishes to inform that it will announce KIT&rsquo s financial results for the second half and full year ended 31 December 2021 on Wednesday, 26 January 2022. Following the announcement of the financial results, the Trustee-Manager will be holding a live audio webcast at 6pm on Wednesday, 26 January 2022. The session will commence with an overview of KIT&rsquo s performance and outlook, followed by a Question & Answer session.
The idiots are selling again. Time to stock up!
The fools are selling, time to stock up on KIT shares! Huat ah!!
&ldquo Be Fearful When Others Are Greedy and Greedy When Others Are Fearful&rdquo
― Warren Buffett
It was taken down by Sharejunction because there was a user who spread false news of KIT. Sharejunction had advised to report police on those allegations and will provide their assistance to police when they approached them.
RexxarLoh ( Date: 25-Nov-2021 14:02) Posted:
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https://www.dbs.com.sg/treasures/aics/templatedata/article/recentdevelopment/data/en/DBSV/112021/KIT_SP_11152021.xml
Basslink enters insolvency proceedings eventually. KIT&rsquo s embattled subsidiary Basslink has entered into a voluntary administration process, with companies in the Basslink group appointing personnel from Ernst & Young as voluntary administrators. This comes on the heels of the unsuccessful sale process with APA Group and the ongoing disputes with offtaker Hydro Tasmania, wherein the standstill agreement with Hydro Tasmania and the State of Tasmania had expired on 27 October 2021, making Basslink liable to pay up penalties and damages awarded earlier by the arbitrator, totalling more than A$100m, as detailed below. This is not a very surprising development, in our view, but should not impact KIT too much, given the ringfencing it has from Basslink level dues.
Unable to find a suitable payment solution. Basslink&rsquo s balance sheet remains stretched, with significant loan refinancing due, and free cash flow generation is not sufficient to meet the payments at one go. Basslink had been reviewing its position and options related to the following: i) the arbitration award and costs of A$39.5m and A$7.2m due and payable to the State of Tasmania following the expiry of the above mentioned standstill agreement, ii) approximately A$33.3m and A$25.3m letter of demand from Hydro Tasmania under the services agreement and arbitration costs and iii) forbearance from the lenders in regard to the outstanding loans of more than A$600m. Basslink had been trying to negotiate with counterparties and lenders and had made several proposals for a resolution of issues and offered several proposed repayment plans for the arbitration award payments, according to the announcement. However, as a result of the cessation of discussions with APA Group with respect to the proposed sale of Basslink and the ongoing disputes with Hydro Tasmania, there appears to be no options remaining on the table, and thus the directors of the respective Basslink companies decided to place Basslink under voluntary administration, with the long-term interests of Basslink&rsquo s creditors, employees and other stakeholders in mind.
What is voluntary administration and what happens next? Voluntary administration is designed to resolve a company&rsquo s future in case of insolvency issues. An independent registered liquidator (the voluntary administrator, in this case EY) takes full control of the company, and tries to find a way, if possible, to save the company. If the company or business cannot be saved, then he will try to get a better return for creditors than if the company had been wound up immediately. In Basslink&rsquo s case, the administrators will first undertake a preliminary review and assessment of current operations, and over the next few weeks, assess the best options for the business with a view to restructuring it. This may involve selling assets piecemeal.
Non-recourse to KIT. KIT is the owner of Basslink, but given that there is no contractual recourse to KIT under the financing arrangements currently in place for the Basslink Interconnector and KIT does not rely on Basslink&rsquo s cash flows for distributions, the abovementioned events is not expected to have any material impact on KIT&rsquo s distributable cash flows or DPUs in the foreseeable future. Even in the very unlikely event that Basslink&rsquo s penalty awards needs to be borne by parent company KIT, that implies a 3% hit on our valuations, and we have already factored this into our valuations by assigning some probability to this event. However, the negative newsflow regarding Basslink continues to be irritant and overhang on share price. Nevertheless, given healthy sustainable yields of more than 7% and possibility of further inorganic growth in the works, we maintain our BUY call with a TP of S$0.60.
Keppel Infrastructure Trust: Basslink goes under as long expected, no impact to our call
DBS Group Research15 Nov 2021
- KIT&rsquo s long troubled Australian subsea cable subsidiary Basslink put under voluntary administration as it struggles to meet dues to counterparties and lenders
- No contractual recourse to KIT under the financing arrangements and KIT does not rely on Basslink&rsquo s cash flows for distributions, so no impact to DPUs expected
- Our TP takes into account probability of worst case scenario of Basslink&rsquo s penalty awards being borne by parent company KIT
- Maintain BUY with TP of S$0.60 for enviable dividend certainty and inorganic growth prospects
Basslink enters insolvency proceedings eventually. KIT&rsquo s embattled subsidiary Basslink has entered into a voluntary administration process, with companies in the Basslink group appointing personnel from Ernst & Young as voluntary administrators. This comes on the heels of the unsuccessful sale process with APA Group and the ongoing disputes with offtaker Hydro Tasmania, wherein the standstill agreement with Hydro Tasmania and the State of Tasmania had expired on 27 October 2021, making Basslink liable to pay up penalties and damages awarded earlier by the arbitrator, totalling more than A$100m, as detailed below. This is not a very surprising development, in our view, but should not impact KIT too much, given the ringfencing it has from Basslink level dues.
Unable to find a suitable payment solution. Basslink&rsquo s balance sheet remains stretched, with significant loan refinancing due, and free cash flow generation is not sufficient to meet the payments at one go. Basslink had been reviewing its position and options related to the following: i) the arbitration award and costs of A$39.5m and A$7.2m due and payable to the State of Tasmania following the expiry of the above mentioned standstill agreement, ii) approximately A$33.3m and A$25.3m letter of demand from Hydro Tasmania under the services agreement and arbitration costs and iii) forbearance from the lenders in regard to the outstanding loans of more than A$600m. Basslink had been trying to negotiate with counterparties and lenders and had made several proposals for a resolution of issues and offered several proposed repayment plans for the arbitration award payments, according to the announcement. However, as a result of the cessation of discussions with APA Group with respect to the proposed sale of Basslink and the ongoing disputes with Hydro Tasmania, there appears to be no options remaining on the table, and thus the directors of the respective Basslink companies decided to place Basslink under voluntary administration, with the long-term interests of Basslink&rsquo s creditors, employees and other stakeholders in mind.
What is voluntary administration and what happens next? Voluntary administration is designed to resolve a company&rsquo s future in case of insolvency issues. An independent registered liquidator (the voluntary administrator, in this case EY) takes full control of the company, and tries to find a way, if possible, to save the company. If the company or business cannot be saved, then he will try to get a better return for creditors than if the company had been wound up immediately. In Basslink&rsquo s case, the administrators will first undertake a preliminary review and assessment of current operations, and over the next few weeks, assess the best options for the business with a view to restructuring it. This may involve selling assets piecemeal.
Non-recourse to KIT. KIT is the owner of Basslink, but given that there is no contractual recourse to KIT under the financing arrangements currently in place for the Basslink Interconnector and KIT does not rely on Basslink&rsquo s cash flows for distributions, the abovementioned events is not expected to have any material impact on KIT&rsquo s distributable cash flows or DPUs in the foreseeable future. Even in the very unlikely event that Basslink&rsquo s penalty awards needs to be borne by parent company KIT, that implies a 3% hit on our valuations, and we have already factored this into our valuations by assigning some probability to this event. However, the negative newsflow regarding Basslink continues to be irritant and overhang on share price. Nevertheless, given healthy sustainable yields of more than 7% and possibility of further inorganic growth in the works, we maintain our BUY call with a TP of S$0.60.
Also today...... KIT proposed to issue a S$200mil, 3% note due 2026. See sgx website for details.
Key message:
APA Group has put itself in the box seat to buy the bankrupt power interconnector Basslink by purchasing $99 million of the troubled venture?s debt.
APA?s approach is similar to Transurban?s move in 2013 to acquire Sydney?s Cross City Tunnel, said Macquarie Equities, ?namely acquire the debt and steer the asset through the administration process?.
APA has about 16 per cent of Basslink?s senior debt of about $630 million, Macquarie said, noting the current book value of the asset is about $644 million.
APA said it bought the debt at a discount, funded by existing facilities, and would now have the opportunity to work with the receivers and managers ?to put Basslink on a sustainable footing?. It said if it is successful in securing Basslink it would work with Hydro Tasmania, the Tasmanian government and the Australian Energy Regulator to convert it into a regulated asset.
APA Group has put itself in the box seat to buy the bankrupt power interconnector Basslink by purchasing $99 million of the troubled venture?s debt.
APA?s approach is similar to Transurban?s move in 2013 to acquire Sydney?s Cross City Tunnel, said Macquarie Equities, ?namely acquire the debt and steer the asset through the administration process?.
APA has about 16 per cent of Basslink?s senior debt of about $630 million, Macquarie said, noting the current book value of the asset is about $644 million.
APA said it bought the debt at a discount, funded by existing facilities, and would now have the opportunity to work with the receivers and managers ?to put Basslink on a sustainable footing?. It said if it is successful in securing Basslink it would work with Hydro Tasmania, the Tasmanian government and the Australian Energy Regulator to convert it into a regulated asset.
Btw, I can' t see the article as it requires subscription.
YSY369 ( Date: 22-Nov-2021 14:44) Posted:
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