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

tazzi80 19-02-2018 10:10 PM

wah like roller coaster gng downhill... come April it will drop even further.

henrylbh 20-02-2018 12:16 AM

Quote:

Originally Posted by chiokcc (Post 112891770)
$79..... wow, to buy or not to buy?

Took a bet and went in at 78.90 :s13:

snowyg 20-02-2018 10:46 AM

have to hold till the end liao

tan1688 20-02-2018 11:14 AM

Quote:

Originally Posted by Soul77 (Post 112897581)
it doesn't make sense for hyflux to redeem them at 100 when the price is only 79. they can just buy from market.. so, high chance it's not going to be redeemed.

Perpetual means there is no redemption date...

tazzi80 20-02-2018 11:22 AM

On free falling mode today. GG.

Soul77 20-02-2018 11:38 AM

Quote:

Originally Posted by tan1688 (Post 112911741)
Perpetual means there is no redemption date...

Yes. That's why. High chance they won't redeem on 25 April.

neanea 20-02-2018 12:01 PM

Can they don't redem and don't pay interest? Suck your money inside forever?

Soul77 20-02-2018 12:10 PM

Quote:

Originally Posted by neanea (Post 112912498)
Can they don't redem and don't pay interest? Suck your money inside forever?

Can. But i think they can't give dividend on the main Hyflux shares also.

Titus3 20-02-2018 12:13 PM

Wa piang... this is beyond bleeding. It’s a blardy haemorrhage!!
The only news I can find is dividend in specie of hyflux shop shares and Olivia Lum now making a cash offer which is a sick joke...
Anyone know What’s the real reason behind this crash in ps?

henrylbh 20-02-2018 12:13 PM

They are no obliged to redeem the security. But if not redeemed by end Apr the interest will step up to 8%. If they fail to pay interest, the interest due will accumulate as a debt due to holders until paid.

neanea 20-02-2018 12:15 PM

Why shares on sgx can allow to drop 20% in a day?

Titus3 20-02-2018 12:15 PM

Quote:

Originally Posted by henrylbh (Post 112912695)
They are no obliged to redeem the security. But if not redeemed by end Apr the interest will step up to 8%. If they fail to pay interest, the interest due will accumulate as a debt due to holders until paid.

Means no point to sell at loss unless people think they are going to “close shop”?

Titus3 20-02-2018 12:16 PM

Quote:

Originally Posted by neanea (Post 112912731)
Why shares on sgx can allow to drop 20% in a day?

Hanor .. why no trading halt

Asphodeli 20-02-2018 12:49 PM

wow wiped out nearly half...lots of married deals though...something's up

arctician 20-02-2018 12:57 PM

wow preference shares and bonds are supposed to be risk free investments, surprised this went all way down..


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