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-   -   Hyflux 6% Perpetual Securities (https://forums.hardwarezone.com.sg/stocks-shares-indices-92/hyflux-6%25-perpetual-securities-5372221.html)

SBC 26-05-2016 09:49 PM

I would guess 1.006 to 1.03.

SpinFire 26-05-2016 09:49 PM

Quote:

Originally Posted by foozgarden (Post 101583213)
how to check the allocation?

log in to CDP? i think this will be quite slow , not updated in time

Check via iBanking under allocation results

yongsaver 26-05-2016 09:51 PM

The price will be traded in comparison with the CPS series. the YTM (expect redemption in 2 years time) for that is around 5+% currently. The new perpetual securities cannot be lower than that. Anything more than 1.02 means that the yield is similar or even lower to the CPS series which does not make sense as the CPS has a shorter duration (lesser exposure to company risk). so do not expect anything more. if it does go beyond 1.03, sell it and buy the CPS. most likely will be under par at around 0.99 or just par.

arctician 26-05-2016 09:52 PM

as usual ppl who applied will talk it up..ppl who avoided pressing will shoot it down

ppl who have the financial power to press 200K and above..are not simple

for those who are laughing at their 'demise'..i applaud your intellectual maturity :s13:

C Justice 26-05-2016 09:54 PM

Quote:

Originally Posted by V_for_Vanilla (Post 101582772)
So you got 246k. Congrats.

Tks :) Additional $1k+ a month passive income.

SCG8866T 26-05-2016 09:54 PM

Quote:

Originally Posted by hindsight (Post 101582646)
Well the company is technically not in default if they choose to not pay a single cent of dividend from here on, doesn't matter if yield steps up to 10% if no dividends are declared.

Remember this isn't a bond, Hyflux is not obliged to pay holders of these perpetual securities anything.

Coupon is cumulative and compounded with dividend stopper.

I rem Temasek back in 2003 bought 12mil shares of Hyflux dont know whether still holding or not.

http://eresources.nlb.gov.sg/newspapers/Digitised/Article/today20030111-1.2.17.4.aspx

C Justice 26-05-2016 09:58 PM

Hi anyone know whether this bond would be parked in CDP and hence be reflected in the CDP statement? Tks.

arctician 26-05-2016 09:58 PM

Quote:

Originally Posted by yongsaver (Post 101583294)
The price will be traded in comparison with the CPS series. the YTM (expect redemption in 2 years time) for that is around 5+% currently. The new perpetual securities cannot be lower than that. Anything more than 1.02 means that the yield is similar or even lower to the CPS series which does not make sense as the CPS has a shorter duration (lesser exposure to company risk). so do not expect anything more. if it does go beyond 1.03, sell it and buy the CPS. most likely will be under par at around 0.99 or just par.

this is correct analysis..just that my calculation show YTM at around 4.9%-5%, not 5%+..based on RATE in excel

SCG8866T 26-05-2016 09:59 PM

Quote:

Originally Posted by C Justice (Post 101583426)
Hi anyone know whether this bond would be parked in CDP and hence be reflected in the CDP statement? Tks.

Yes it will

yongsaver 26-05-2016 10:03 PM

Quote:

Originally Posted by arctician (Post 101583433)
this is correct analysis..just that my calculation show YTM at around 4.9%-5%, not 5%+..based on RATE in excel

I use 101.70 today's closing for the CPS. should use XIRR. more importantly our analysis is aligned. :D

arctician 26-05-2016 10:08 PM

Quote:

Originally Posted by yongsaver (Post 101583558)
I use 101.70 today's closing for the CPS. should use XIRR. more importantly our analysis is aligned. :D

dont spread fear leh..i also tio 67 lots :s13:

was hoping it can open at 1.00x-1.01

JuzMobile 26-05-2016 10:08 PM

Cant wait to see the results of first day trading, whether is it a submarine or rocket. So many different opinions and guesses.
Makes me kinda excited although i didnt press anything.

SCG8866T 26-05-2016 10:13 PM

Quote:

Originally Posted by JuzMobile (Post 101583643)
Cant wait to see the results of first day trading, whether is it a submarine or rocket. So many different opinions and guesses.
Makes me kinda excited although i didnt press anything.

Nothing to be excited about. Interest coverage ard 1.7x in my view the company can earn enough to pay the perp holders. Equities i wouldnt recommend. Just hold for four years, pretty boring thing to do actually :). I believe Temasek still has vested interest in Hyflux, like Olam.

foozgarden 26-05-2016 10:14 PM

is the ticker N2H?

yongsaver 26-05-2016 10:18 PM

Quote:

Originally Posted by arctician (Post 101583642)
dont spread fear leh..i also tio 67 lots :s13:

was hoping it can open at 1.00x-1.01

no fear la. i more vested than u. :D if it goes up, i lagi happy also. but the numbers say otherwise. hope that the market behaves irrationally come Monday. for me, i am in it for the long haul.


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