Hyflux 6% Perpetual Securities

[sleepwell2nite]

zzz .

 

[ctstalin]

So amusing looking at dreamwork7878 post

Posted from PCWX using ONEPLUS A5000

 

[coolhead]

On 13 April 2011.

Hyflux offer 6% Cumulative Preference shares, N2H.

There are Only 3 pages .

https://filebin.net/5iygfz4ptmfw4hkl

Can help me check for sberbank if it is worth buying into? P/e is really low like 5.5

Sent from HMD Global TA-1004 using GAGT

 

[makav31i]

The way I see it, it was just a poor business decision that led to the downfall of Hyflux. Putting too much into one project which failed.

If it is just due to Tuaspring, why did they have problems in their plants in Algeria? Also there is a delay in the completion of TuasOne WTE plant till today...So it can't be because of Tuaspring it affects their operations of both local and overseas plant...I personally think that Hyflux took on too many Capital intensive projects at the same time and the creditors are getting impatient due to delays on either construction of the plants...My own opinion that is...

 

[makav31i]

Case in point - The proposed legal action in the Telegram group never even took off.

Anyway, is your username related to 2pac ? Am a huge hip-hop head.

How to take off? In the first place they keep telling people that "there could be rich investors who are willing to take a cut from any recovery" or "The risk is 0 for these. The reward is recovery"...Which rich idiot is going to finance any legal action on the behalf of 34k retail investors and assume all liabilities if the cost is awarded to them? Also which rich idiot think that Hyflux have the money to pay out to them even if the court were to rule in their favor...

You are right about the username...

 

[lovesleeping1981]

To repeat (and in fairness), they didn’t approve anything. They simply didn’t disapprove. The absence of disapproval is not approval

Wrong!

By not stopping someone who’s burning your house down, you are allowing it to be burnt. No arguments about it.

 

[BBCWatcher]

By not stopping someone who’s burning your house down, you are allowing it to be burnt.

Passively allowing an act to occur is not the same as approving it.

For example, the government allows you to eat as much as you want as long as you legally obtain the food. However, the government doesn’t approve of obesity.

Governments are not omnipotent, and we wouldn’t want them to be even if it were possible. They selectively exercise power, sometimes ineffectively. In this case the government took no action. That’s not approval — it’s just no action. “But the government didn’t stop me from repeatedly bashing my head against my refrigerator!” is not government approval to bash your head.

There’s way too much “herd thinking” as it is, and you’ll be quite likely to get burnt if you think that way. “Oh, Olivia had dinner with a minister, so the company she leads must be good!” No, she had dinner with a minister, and almost anyone can do that except perhaps residents of Changi Prison. The minister approved the salad he/she ate — that’s it. Use your head!

 

[justwakeup]

Sometimes ppl complain government control too much. Sometimes the same ppl complain government control too little....

 

[Merg91]

They didn't know it could be so disastrous when they announced this :

The Monetary Authority of Singapore (MAS) also announced last Thursday the "exempt bond issuer framework", which allows issuers to offer bonds directly to retail investors at the outset without a prospectus if they meet eligibility criteria that are stricter than those used in the seasoning framework.

This was the week Hyflux perp ipo 2016.

By not stopping someone who’s burning your house down, you are allowing it to be burnt. No arguments about it.

 

[makav31i]

They didn't know it could be so disastrous when they announced this :

The Monetary Authority of Singapore (MAS) also announced last Thursday the "exempt bond issuer framework", which allows issuers to offer bonds directly to retail investors at the outset without a prospectus if they meet eligibility criteria that are stricter than those used in the seasoning framework.

This was the week Hyflux perp ipo 2016.

Don't just quote partial...It clearly state this after that...

"Still, investors should do their due diligence and invest in only products which they understand and which meet their financial objectives and risk appetites, as investing in bonds is not without its risks.

A bond is a debt instrument in which the firm or issuer borrows funds from investors for a defined period.

There is a possibility the issuer could get into serious financial difficulties and default on the bond.

An investor could lose part or all of his investments in a default."

You think investors don't need to do their own diligence...If you think the PnP holders got a case against MAS or whoever, go and sue the party they think is responsible...If not, kpkb here to rally support for the PnP is of no use as everyone here at least got brains to think...

 

[Dividends Warrior]

Sometimes ppl complain government control too much. Sometimes the same ppl complain government control too little....

Hard to find the balance
Same as the property cooling measures. Some ppl complained govt tighten too much. Some ppl complained govt tighten too little.

 

[Dividends Warrior]

So amusing looking at dreamwork7878 post

Posted from PCWX using ONEPLUS A5000

Quite obvious he is just trolling

 

[makav31i]

Hard to find the balance
Same as the property cooling measures. Some ppl complained govt tighten too much. Some ppl complained govt tighten too little.

Depends on which side are you on, both buyer and seller are on opposite side of the spectrum which benefit from any measures taken by the government at the expense of the other party...

Just like people complaining about rental at shopping mall is high vs those who are vested in REITS...

 

[Merg91]

Are there any more of these perps after this Hyflux default?
Obviously MAS /SGX/DBS knew it by now....

It is also like LTA saying to those >70 PMD-fires owners. Told you the users beware...
And by now, they know what mistake after allowing so many imported.

 

[makav31i]

Are there any more of these perps after this Hyflux default?
Obviously MAS /SGX/DBS knew it by now....

It is also like LTA saying to those >70 PMD-fires owners. Told you the users beware...
And by now, they know what mistake after allowing so many imported.

This kind of logic is really retarded, so you expect government to ban something first before allowing it to be imported in Singapore? So you think anyone will know that their PMD will cause fire in the first place? What kind of stupid logic is this? You rather government ban stuff just because you want to argue on Hyflux...This is a new level of stupid...

Why not argue why th government allow Samsung Note 7 to be sold in Singapore as the phone would already be cleared for use by IDA in Singapore before they can be sold here...

 

[makav31i]

Whenever I read the Hyflux tg gc messages, 'Me Against the World' plays in my mind.

The GC really a good source of entertainment...You can see how some people cannot be saved at all...

I see people arguing that why PUB did not inform the public of defaults in Tuaspring since 2017 like it would help them in making a decision on the Perps issued in 2016...Not like PUB informing the public in 2017 will allow them to travel back in time to not subscribe the perps in 2016...

They are desperately trying to find fault on someone else to blame...

While I think the most appropriate song title would be "They don't give a F about us" but I don't think that is appropriate at all for people looking for someone to blame...

 

[tmkedmw]

Hyflux is leaking value

https://www.channelnewsasia.com/new...-has-to-act-without-delay-to-pick-an-11809058

 

[tmkedmw]

Exclusive with Utico from now till 26Aug

https://links.sgx.com/FileOpen/2019...019_final.ashx?App=Announcement&FileID=575056

 

[tmkedmw]

Utico says has inked restructuring agreement with Hyflux

https://www.businesstimes.com.sg/co...has-inked-restructuring-agreement-with-hyflux

 

[kehyi4]

Utico says has inked restructuring agreement with Hyflux

https://www.businesstimes.com.sg/co...has-inked-restructuring-agreement-with-hyflux

Utico says has inked restructuring agreement with Hyflux
TUE, AUG 27, 2019 - 8:21 AM

UTICO said on Tuesday morning that it had "signed and released" a restructuring agreement with Hyflux on Monday which will give it 88 per cent of the debt-laden water treatment firm.

"The deal finds a resolution for creditors and PNP investors and development projects that have been languishing since the moratorium in May 2018," the Middle Eastern utility firm said in a statement hours after midnight.

Utico added that with the support of Hyflux’s board and management, "swift action" will be taken to bring all projects up to speed, as well as take on new projects.

Hyflux was not available for comment at the time of writing.

The troubled water firm on Aug 16 said it would engage exclusively with white knight Utico until Aug 26 as its negotiations were the most advanced among all potential investors. This was also the deadline for the company to enter a definitive agreement with Utico for the latter’s intended investment in the group.

Utico had earlier agreed to take an 88 per cent stake in Hyflux through a S$300 million equity injection and a S$100 million shareholder loan, and is engaging with Hyflux's creditors to work out the details of the rescue plan.