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BB may collecting now at so low price and laugh all the way to the bank. A lot of stupidness in town.
who dare to buy now .....
any price you put up they just throw to you
The clock is ticking then...
Just4win ( Date: 20-Feb-2018 11:39) Posted:
" Optional Redemption. Subject to satisfaction of the Redemption Conditions and applicable law, the Class A Cumulative Preference Shares may be redeemed, at the option of the Company and on such basis and for such reason as the Company may determine to be appropriate, in whole or in part, on any Optional Redemption Date at the Redemption Price upon not less than 30 nor more than 60 days&rsquo notice to the Class A Cumulative Preference Shareholders in accordance with Article 8(C)(9) below (which notice shall be irrevocable), specifying:
(a) the Optional Redemption Date and
(b) the Redemption Price.
On the Optional Redemption Date specified in such notice, the Company shall be bound to redeem the Class A Cumulative Preference Shares by payment of the Redemption Price, at all times in accordance with and subject to the Act and the rules of the Designated Stock Exchange."
fruitfulness ( Date: 20-Feb-2018 11:29) Posted:
| I don' t know what the requirement is, in Hyflux CPS case. For the Genting perps which had been redeemed, announcement must be made 60 days before redemption date. If it is similar, Hyflux need to make announcement by early next week |
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By the large fall in CPS price, there is fear of no redemption. Even if Hyflux is not able to succcessfully sell off its TuasSpring facility in good time, at a reasonable price, Hyflux should at least make effort to have a partial redemption (maybe 50%) with the rest redeemed at a later time, soonest possible.
yellowveggiez ( Date: 20-Feb-2018 11:29) Posted:
they will still have to redeem those that they don' t buy back and are being held by the retailers?
KAMAL0883 ( Date: 20-Feb-2018 11:23) Posted:
| can even buy lower then 69 or even 50 if they continue playing panic game |
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" Optional Redemption. Subject to satisfaction of the Redemption Conditions and applicable law, the Class A Cumulative Preference Shares may be redeemed, at the option of the Company and on such basis and for such reason as the Company may determine to be appropriate, in whole or in part, on any Optional Redemption Date at the Redemption Price upon not less than 30 nor more than 60 days&rsquo notice to the Class A Cumulative Preference Shareholders in accordance with Article 8(C)(9) below (which notice shall be irrevocable), specifying:
(a) the Optional Redemption Date and
(b) the Redemption Price.
On the Optional Redemption Date specified in such notice, the Company shall be bound to redeem the Class A Cumulative Preference Shares by payment of the Redemption Price, at all times in accordance with and subject to the Act and the rules of the Designated Stock Exchange."
fruitfulness ( Date: 20-Feb-2018 11:29) Posted:
I don' t know what the requirement is, in Hyflux CPS case. For the Genting perps which had been redeemed, announcement must be made 60 days before redemption date. If it is similar, Hyflux need to make announcement by early next week?
Just4win ( Date: 20-Feb-2018 11:25) Posted:
Maybe 23rd Mar, if they redeem .
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Hyfluxshop general offer?
they will still have to redeem those that they don' t buy back and are being held by the retailers?
KAMAL0883 ( Date: 20-Feb-2018 11:23) Posted:
can even buy lower then 69 or even 50 if they continue playing panic games
surefire ( Date: 20-Feb-2018 11:19) Posted:
| Why redeem at 100 when it can buy from mkt at 69?
In any case, this is a pref not a bond so there's not a total loss in reputation if it chooses not to redeem.
But not redeeming will be an embarassing admission to the mkt that Hyflux can no longer issue paper at lower than 8 |
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I don' t know what the requirement is, in Hyflux CPS case. For the Genting perps which had been redeemed, announcement must be made 60 days before redemption date. If it is similar, Hyflux need to make announcement by early next week?
Just4win ( Date: 20-Feb-2018 11:25) Posted:
Maybe 23rd Mar, if they redeem .
yellowveggiez ( Date: 20-Feb-2018 11:17) Posted:
| when will they likely make announcement? |
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When there is no money, who cares about reputation ?
I hv just written to the CS of the company, but don' t can get any good reply. Shd be just a standard one... : Pls wait for their public announcement
surefire ( Date: 20-Feb-2018 11:19) Posted:
Why redeem at 100 when it can buy from mkt at 69?
In any case, this is a pref not a bond so there's not a total loss in reputation if it chooses not to redeem.
But not redeeming will be an embarassing admission to the mkt that Hyflux can no longer issue paper at lower than 8%
genting^2 ( Date: 20-Feb-2018 09:41) Posted:
They will surely redeem it. Reputation is at stake if they don' t.
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oh march. lol
Regardless ..... announcement will be made
Just4win ( Date: 20-Feb-2018 11:25) Posted:
Maybe 23rd Mar, if they redeem .
yellowveggiez ( Date: 20-Feb-2018 11:17) Posted:
| when will they likely make announcement? |
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wait 3 days.
Just4win ( Date: 20-Feb-2018 11:25) Posted:
Maybe 23rd Mar, if they redeem .
yellowveggiez ( Date: 20-Feb-2018 11:17) Posted:
| when will they likely make announcement? |
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Maybe 23rd Mar, if they redeem .
yellowveggiez ( Date: 20-Feb-2018 11:17) Posted:
| when will they likely make announcement? |
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can even buy lower then 69 or even 50 if they continue playing panic games
surefire ( Date: 20-Feb-2018 11:19) Posted:
Why redeem at 100 when it can buy from mkt at 69?
In any case, this is a pref not a bond so there's not a total loss in reputation if it chooses not to redeem.
But not redeeming will be an embarassing admission to the mkt that Hyflux can no longer issue paper at lower than 8%
genting^2 ( Date: 20-Feb-2018 09:41) Posted:
They will surely redeem it. Reputation is at stake if they don' t.
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Why redeem at 100 when it can buy from mkt at 69?
In any case, this is a pref not a bond so there's not a total loss in reputation if it chooses not to redeem.
But not redeeming will be an embarassing admission to the mkt that Hyflux can no longer issue paper at lower than 8%
genting^2 ( Date: 20-Feb-2018 09:41) Posted:
They will surely redeem it. Reputation is at stake if they don' t.
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when will they likely make announcement?
The company financial status is not in good shape and maybe no redeemption wil be made in April and investors dont like it. Lets wait for the announcment from the company,
i no choice liao, only can wait till they redeem...
CPS drop till like that but parent share still firm
seem like " black hand " behind
Just4win ( Date: 20-Feb-2018 11:11) Posted:
Anyone picking up or cashing out now ?
Hmmm.. current price is so good to pick up but so scary to hold .
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Anyone picking up or cashing out now ?
Hmmm.. current price is so good to pick up but so scary to hold .
