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

cuntzbuster 04-12-2017 10:46 AM

Can still buy nao??

Sent from Pocoyo fan club using GAGT

coey 08-12-2017 04:38 PM

Not much volume again.. hmm

henrylbh 12-12-2017 02:28 PM

Quote:

Originally Posted by coey (Post 111685692)
Not much volume again.. hmm


Why need volume?

More important is whether you can get it at the price you are comfortable as it is meant to be "held to maturity". And if it's not called on expected date, the interest rate will step up from 6% to 8%.

If buy now at 95, the yield to maturity is gain of 8 or 25% if annualised and thereafter 8.5% if not called.

But buyer may be in two minds, whether one prefers the issuer to buy back the first instant or delay buying back or let it be perpetual. As long as issuer can service interest and solvent, it may be tempting to hold long term.

Wood41 12-12-2017 03:58 PM

It is 1k ( not 100 ) share per lot @ about $850.
Many dare not buy even 1k of this junkie .

Mancunian2 12-12-2017 04:56 PM

Quote:

Originally Posted by coey (Post 111685692)
Not much volume again.. hmm

since when this one ever got volume :s11:

pickboys 12-12-2017 10:01 PM

Quote:

Originally Posted by Asphodeli (Post 101406088)
EDIT: PHS is out, wow, seems like a damn good deal unless Hyflux calls it back (it's an "all or nothing" callable, first call date May 2020)? Usually this sort of terms is only available for institutionals/AIs, I think. And at 6% for the next 4 years...wow. If the 4-year SOR rate goes up in 2020, Hyflux will definitely have to call this.

haha hyflux loves to play this game...

issue perpetual securities, buyback old ones... issue again...

that's how you keep maintain your cash flow

coey 13-12-2017 12:09 PM

Quote:

Originally Posted by Mancunian2 (Post 111749539)
since when this one ever got volume :s11:

During it rapid decline to sub 0.8 , the volume is higher

neanea 13-12-2017 02:43 PM

What is phs?

tmkedmw 13-12-2017 07:21 PM

Quote:

Originally Posted by neanea (Post 111765612)
What is phs?

Product Highlights Sheet

limchooc 12-01-2018 06:34 PM

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.

weng0202 12-01-2018 07:32 PM

Quote:

Originally Posted by limchooc (Post 112281461)
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 donít go bankrupt should be ok. Volume is low so easier to control the price.

panda_hippo 13-01-2018 02:02 AM

Quote:

Originally Posted by limchooc (Post 112281461)
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.

Probably due to poor business fundamentals. The company have been incurring losses over a long period of time. My mother is holding onto it and is fearful for her principle as well.

Personally I will never put money in a consistently unprofitable business.

homer123 13-01-2018 03:14 AM

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.

weng0202 13-01-2018 08:04 AM

Quote:

Originally Posted by homer123 (Post 112288115)
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.

They really need to divest away from the Tuas Spring project which is causing the loss. But so far no progress on that and havenít really heard of any new projects they are embarking on.

arctician 13-01-2018 11:05 AM

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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