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Hyflux 6% Perpetual Securities

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Old 13-01-2018, 11:05 AM   #766
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if you look at their most recent dividend payout based on FY, its in form of shares instead of div, so existing shareholders face dilution, and most importantly for pref shares there is a clause option which allow hyflux to stop coupons payout when there is no dividends payout to equity shareholders.

There is a real risk of hyflux stopping CD for bond and pref shares now because they have stopped issuing dividends..
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Old 13-01-2018, 12:57 PM   #767
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if you look at their most recent dividend payout based on FY, its in form of shares instead of div, so existing shareholders face dilution, and most importantly for pref shares there is a clause option which allow hyflux to stop coupons payout when there is no dividends payout to equity shareholders.

There is a real risk of hyflux stopping CD for bond and pref shares now because they have stopped issuing dividends..
I donít think it will reach that stage unless they no longer want to get capital through bonds in future.
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Old 13-01-2018, 06:50 PM   #768
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I donít think it will reach that stage unless they no longer want to get capital through bonds in future.
yeah i agree

they would likely pay payments to ps or bonds because they are likely to issue new ps or bonds in future....
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Old 14-01-2018, 08:36 AM   #769
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Will they convert preference shares into shares if they do not redem?
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Old 14-01-2018, 01:20 PM   #770
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Will they convert preference shares into shares if they do not redem?
Not sure whether it can be converted or not. I think they can donít pay out the coupons but that will pose problems for future fund raising through bonds.
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Old 14-01-2018, 04:35 PM   #771
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Not sure whether it can be converted or not. I think they can donít pay out the coupons but that will pose problems for future fund raising through bonds.
There's a batch of preference shares due April. How to find out how much is it and if hyflux have the funds to redeem?
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Old 14-01-2018, 05:34 PM   #772
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Today just so happen I was looking over Singapore corporate bonds in my trading account.

Many hidden dragons and crouching tigers on this thread. Those who can hoot bonds are not simple because once reach above a certain net worth then Fixed Income allocation portion must be more than 50% for wealth preservation and risk management.

Unrated junk bonds at S$250K a piece. Better think thrice. Bonds have higher quantum unlike shares where you can buy smaller lots and anyhow hoot junk counters.

Why don't buy UOB even though lower coupon payout but safe. AAA rated. At least coupon higher than Fixed Depost rates.

Bonds are Fixed Income assets so must have realistic expectations and stable outlook. If want high returns then avoid bonds. Hoot US stocks or Cryptos.
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Old 14-01-2018, 06:15 PM   #773
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This Hyflux PS has retail offering, retail investor can buy as low as $100. Don't think this preference shares has Kopp portion to convert to normal shares.
Today just so happen I was looking over Singapore corporate bonds in my trading account.

Many hidden dragons and crouching tigers on this thread. Those who can hoot bonds are not simple because once reach above a certain net worth then Fixed Income allocation portion must be more than 50% for wealth preservation and risk management.

Unrated junk bonds at S$250K a piece. Better think thrice. Bonds have higher quantum unlike shares where you can buy smaller lots and anyhow hoot junk counters.

Why don't buy UOB even though lower coupon payout but safe. AAA rated. At least coupon higher than Fixed Depost rates.

Bonds are Fixed Income assets so must have realistic expectations and stable outlook. If want high returns then avoid bonds. Hoot US stocks or Cryptos.
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Old 14-01-2018, 06:16 PM   #774
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This Hyflux PS has retail offering, retail investor can buy as low as $100. Don't think this preference shares has Kopp portion to convert to normal shares.
Oh I see. Thanks.

Just now in the bonds section of my trading account I saw Hyflux bond. S$250K a piece.
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Old 14-01-2018, 09:58 PM   #775
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This Hyflux PS has retail offering, retail investor can buy as low as $100. Don't think this preference shares has Kopp portion to convert to normal shares.
That means PS mature in April die die will be redeemed?
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Old 14-01-2018, 10:37 PM   #776
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That means PS mature in April die die will be redeemed?
They should redeem lah, then maybe come out with another bond. Let it keep snowballing.
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Old Yesterday, 12:33 AM   #777
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This Hyflux PS has retail offering, retail investor can buy as low as $100. Don't think this preference shares has Kopp portion to convert to normal shares.
Retail bonds are traded in 1,000 share lots, not 100
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Old Yesterday, 12:43 AM   #778
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Will they convert preference shares into shares if they do not redem?
no, its NCPS = non convertible preference shares.


Unrated junk bonds at S$250K a piece. Better think thrice. Bonds have higher quantum unlike shares where you can buy smaller lots and anyhow hoot junk counters.

corporate bonds traded OTC at $250k a piece is different from retail bond with win min of 10 or 100 traded openly in sgx, former needs to be AI and require $2M AUM.

Hyflux is in a downward spiral and they have to refinance at higher costs in future, now its around $0.78 with gross yield of 7.5% and effective YTM around 12-13%. Refinancing though bond placement require them to match or even better the returns otherwise subscription will go below 1x.

Now can only hope for a turnaround in their business and start dividend issuance once again
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Old Yesterday, 10:56 AM   #779
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Fall to $0.77. I am a bit worry about whether I will get back my principle if I hold on to it. Can someone explain why it keep falling.
Hyflux 6% Perpetual Securities

Can't say that I'm shocked this is down nearly 30%.
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Old Yesterday, 11:12 AM   #780
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0.72 today, got 67 lots at ipo
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