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Anyone has update on the exercise price for buying + exchange rate?
Understand payment is expected on 2 Dec 2022 but no news as yet.
Thanks in advance.
With the US reporting a weaker than expected inflation data, there is good share price recovery for (S-Reits and) HKT Trust shares. However, exchange rate has weakened. Hopefully, the cash equivalent of the dividend-in-specie could reach higher.
SlothSG ( Date: 22-Oct-2022 02:49) Posted:
Thank you, my understanding is aligned.
fruitfulness ( Date: 21-Oct-2022 22:20) Posted:
| I think the present arrangement is that it will be the equivalent cash value at the end of trading of a specified date (30 Nov) when dividend is disbursed in scrips/certificates. There was a request to use the weighted average over a number of days, in case of huge volatility (which we are already experiencing). But Mr. Lim, the company secretary, was hinting PCRD, will still specify a (favourable) date. The equivalent value had been 9.6 cts per share when the dividend-in-specie was announced. Now, it has dropped to 8.5 cts per share. (Just have a feeling it may get worse next mth |
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Could be on an upward trend.
U can find yr answer soon.
They have desatched the announcement via mail.
justinetan ( Date: 24-Oct-2022 20:51) Posted:
Dear fellow colleagues,
I have a few questions which I will like to seek your advice
1. For shareholders who are entitled to HKT Trust, are we receiving the physical share certificates ?
2. Do we need to deposit these share certificates with a local brokeage ?
3. Are we receiving dividends from HKT via Hong Kong cheque payment ?
4. Can our banks clear such cheques expeditously ?
Thank you. |
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Dear fellow colleagues,
I have a few questions which I will like to seek your advice
1. For shareholders who are entitled to HKT Trust, are we receiving the physical share certificates ?
2. Do we need to deposit these share certificates with a local brokeage ?
3. Are we receiving dividends from HKT via Hong Kong cheque payment ?
4. Can our banks clear such cheques expeditously ?
Thank you.
Thank you, my understanding is aligned.
fruitfulness ( Date: 21-Oct-2022 22:20) Posted:
I think the present arrangement is that it will be the equivalent cash value at the end of trading of a specified date (30 Nov) when dividend is disbursed in scrips/certificates. There was a request to use the weighted average over a number of days, in case of huge volatility (which we are already experiencing). But Mr. Lim, the company secretary, was hinting PCRD, will still specify a (favourable) date. The equivalent value had been 9.6 cts per share when the dividend-in-specie was announced. Now, it has dropped to 8.5 cts per share. (Just have a feeling it may get worse next mth)
SlothSG ( Date: 21-Oct-2022 21:29) Posted:
| Any idea how much is the dividend or cash payouts |
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I think the present arrangement is that it will be the equivalent cash value at the end of trading of a specified date (30 Nov) when dividend is disbursed in scrips/certificates. There was a request to use the weighted average over a number of days, in case of huge volatility (which we are already experiencing). But Mr. Lim, the company secretary, was hinting PCRD, will still specify a (favourable) date. The equivalent value had been 9.6 cts per share when the dividend-in-specie was announced. Now, it has dropped to 8.5 cts per share. (Just have a feeling it may get worse next mth)
SlothSG ( Date: 21-Oct-2022 21:29) Posted:
Any idea how much is the dividend or cash payouts?
lsk007 ( Date: 20-Oct-2022 19:30) Posted:
| Tomorrow EX. Hope that it does not fall more than the dividend
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Any idea how much is the dividend or cash payouts?
lsk007 ( Date: 20-Oct-2022 19:30) Posted:
| Tomorrow EX. Hope that it does not fall more than the dividend
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knee jerk reaction, buy the dip
lsk007 ( Date: 20-Oct-2022 19:30) Posted:
| Tomorrow EX. Hope that it does not fall more than the dividend
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Tomorrow EX. Hope that it does not fall more than the dividend
Share price has been dropping. Does anyone know why ?
Hai .... Why cant default cash payments and request those who wants HKT share to provide their accounts separately?
Anyway, looking forward to dividend on 2nd Dec
fruitfulness ( Date: 14-Oct-2022 11:34) Posted:
Thanks for outlining the dates from the circular.
Regarding " Expected last date and time for submission of Election Forms for Cash Election: 9 Nov 2022 at 5 p.m." , all investors who wish to receive dividend in cash MUST opt to receive in cash. The cash amount is the equivalent worth in Singapore currency of HKT share at end of trading day of 30 Nov 2022, I believe, unless a revised date is renotified by PCRD. The default (not doing anything) is that you will receive the HKT shares in scrips or certificates. You will then have to hand over to your broker for subsequent processing. Now, PCRD is trying to include allowing you to fill in your HK trading account, if you have one, so that it will be a seamless transfer.
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Thanks for outlining the dates from the circular.
Regarding " Expected last date and time for submission of Election Forms for Cash Election: 9 Nov 2022 at 5 p.m." , all investors who wish to receive dividend in cash MUST opt to receive in cash. The cash amount is the equivalent worth in Singapore currency of HKT share at end of trading day of 30 Nov 2022, I believe, unless a revised date is renotified by PCRD. The default (not doing anything) is that you will receive the HKT shares in scrips or certificates. You will then have to hand over to your broker for subsequent processing. Now, PCRD is trying to include allowing you to fill in your HK trading account, if you have one, so that it will be a seamless transfer.
Below are from the circular.
So today is the last day before it goes XE?
Why there is no CE status indicated currently?
Noted the word " Expected" in the statements, so it might be that they have new dates now
For illustrative purposes, the following are indicative dates and times for the Proposed Distribution
Last date and time for lodgement of Proxy Forms for the EGM : 7 October 2022 at 10:00 a.m. Date and time of the EGM : 10 October 2022 at 10:00 a.m.
Expected last day of &ldquo cum&rdquo trading of PCRD Shares on the SGX-ST : 14 October 2022
Expected first day of &ldquo ex&rdquo trading of PCRD Shares on the SGX-ST : 17 October 2022
Expected Record Date for the Proposed Distribution : 18 October 2022 at 5:00 p.m.
Expected Date of Despatch of Election Forms for Cash Election : 21 October 2022
Expected last date and time for submission of Election Forms for Cash Election : 9 November 2022 at 5:00 p.m.
Expected date of despatch of Relevant HKT SSU certificates to Entitled Shareholders who did not exercise the Cash Election : 30 November 2022
Expected date of payment of cash amount to Entitled Shareholders who exercised the Cash Election or who are Excluded Overseas Shareholders : 2 December 202
Chop chop liao.
Anyone knows the details of the distribution?
Thanks in advance.
SlothSG ( Date: 09-Oct-2022 12:38) Posted:
Yap, mere formalization.
Really hope distribution or payment is set as default given most shareholders may not have HK accounts, like Straits Trading.
Fingers crossed 🤞
fruitfulness ( Date: 08-Oct-2022 22:12) Posted:
EGM on Monday, 10/10. A mere formality to approve the dividend-in-specie. Distribution of dividend or payment of equivalent in cash (shareholder must opt to receive in cash, if wanna receive the cash equivalent) will be made in early Dec.
It will be a physical meeting. Hope to meet some familiar faces there!
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Yap, mere formalization.
Really hope distribution or payment is set as default given most shareholders may not have HK accounts, like Straits Trading.
Fingers crossed 🤞
fruitfulness ( Date: 08-Oct-2022 22:12) Posted:
EGM on Monday, 10/10. A mere formality to approve the dividend-in-specie. Distribution of dividend or payment of equivalent in cash (shareholder must opt to receive in cash, if wanna receive the cash equivalent) will be made in early Dec.
It will be a physical meeting. Hope to meet some familiar faces there!
SlothSG ( Date: 08-Oct-2022 20:16) Posted:
| Lai Liao .... 10 Oct |
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EGM on Monday, 10/10. A mere formality to approve the dividend-in-specie. Distribution of dividend or payment of equivalent in cash (shareholder must opt to receive in cash, if wanna receive the cash equivalent) will be made in early Dec.
It will be a physical meeting. Hope to meet some familiar faces there!
SlothSG ( Date: 08-Oct-2022 20:16) Posted:
Lai Liao .... 10 Oct
SlothSG ( Date: 27-Sep-2022 18:44) Posted:
AGM to be held on 10/10 .... perfect 🥰
Hopefully wrap up distribution by end of Oct |
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Lai Liao .... 10 Oct
SlothSG ( Date: 27-Sep-2022 18:44) Posted:
AGM to be held on 10/10 .... perfect 🥰
Hopefully wrap up distribution by end of Oct.
fruitfulness ( Date: 08-Sep-2022 18:28) Posted:
| Quite likely will be disbursed in Nov 22. Will be surprised if can be done by Oct 22. Hopefully, not delayed till Dec. Still must get a firm value for 0.05 HKT share to be converted to Singapore cents for minority holders who opt to receive in cash. (Very thankful that my share holdings are fully paid for by the past 4 yrs' of dividend payments. Expecting to receive the highest dividend, be it interim or final, over the past 5 yrs) |
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AGM to be held on 10/10 .... perfect 🥰
Hopefully wrap up distribution by end of Oct.
fruitfulness ( Date: 08-Sep-2022 18:28) Posted:
Quite likely will be disbursed in Nov 22. Will be surprised if can be done by Oct 22. Hopefully, not delayed till Dec. Still must get a firm value for 0.05 HKT share to be converted to Singapore cents for minority holders who opt to receive in cash. (Very thankful that my share holdings are fully paid for by the past 4 yrs' of dividend payments. Expecting to receive the highest dividend, be it interim or final, over the past 5 yrs)
SlothSG ( Date: 07-Sep-2022 23:47) Posted:
Nice .... still holding up well @$0.48
Awaiting patiently for share specie distributions  |
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Quite likely will be disbursed in Nov 22. Will be surprised if can be done by Oct 22. Hopefully, not delayed till Dec. Still must get a firm value for 0.05 HKT share to be converted to Singapore cents for minority holders who opt to receive in cash. (Very thankful that my share holdings are fully paid for by the past 4 yrs' of dividend payments. Expecting to receive the highest dividend, be it interim or final, over the past 5 yrs)
SlothSG ( Date: 07-Sep-2022 23:47) Posted:
Nice .... still holding up well @$0.48
Awaiting patiently for share specie distributions |
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