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.
As long as Hyflux don’t go bankrupt should be ok. Volume is low so easier to control the price.
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.
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 has been making loss every quarter...very scary to buy this kind of bond as it might one day declare withholding interest payment. Even though it is cumulative, the confidence of the investors will be badly hit.
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 don’t think it will reach that stage unless they no longer want to get capital through bonds in future.
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 don’t pay out the coupons but that will pose problems for future fund raising through bonds.
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.
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.
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?
Retail bonds are traded in 1,000 share lots, not 100This 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.
Will they convert preference shares into shares if they do not redem?
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.
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.