Hyflux 6% Perpetual Securities

[HerbalTeaSeller]

hyflux is a freaking scam!!!

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Such a bold statement.

 

[arctician]

hyflux is just like amazon...uber...airbnb

chase growth over profitability..keep tapping capital markets for $$

spoke to dbs on private placement..uptake is v strong..no more allocation available liao..have to press atm

 

[V_for_Vanilla]

Did any of you read the newspaper ad that state:"The issuer may, at its sole discretion, elect not to pay a distribution, scheduled to be paid on a Distribution Payment Datem..."?
Anyone can advise on above?

This is a standard clause in all Perps.

 

[arctician]

if they do not pay the coupons..then they wont be able to issue dividends to ordinary shareholders too

also its cumulative..so its better than those NCPS like occ5.1 on market

so unless there is insolvency issues which might result in bankruptcy, otherwise should be quite ok for those who intend to hold long term

they will just cont to tap capital markets for working capital

 

[foozgarden]

not sure if you know but sembcorp is planing to do energy and water treatment.

arent they doing this alr?

 

[Titus3]

Looks like this is actually refinancing their debt cos the offer is actually to pay off existing debt of $275mil.
I'm a noob at IPO; hope someone can advise what is the ticker for this share issuance?

 

[Wood41]

Philips offers placement : minimum $100k

 

[Asphodeli]

Philips offers placement : minimum $100k

Closed liao lo

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[tmkedmw]

Private placement already closed at 6pm yesterday. Open and closed within the same day.

 

[Steyr69]

How much per share?

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[tmkedmw]

How much per share?

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Private placement
100,000 shares pay $100.25k
200,000 pay $200.50k
etc...

 

[Steyr69]

So it is sgd1 per share? Since couldnt get MUST, tmr will press this counter.

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[Asphodeli]

So it is sgd1 per share? Since couldnt get MUST, tmr will press this counter.

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In Singapore, bonds and perps are issued at $1 = 1 unit. Stocks are the only one that varies in pricing.

 

[Steyr69]

Ok...thanks.....just saw the ad in the ST....haha.

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[esther chen]

$1~~~~~~~~~

StockBot, you pressing ?

 

[C Justice]

Anyone know if there is any cap or max allowed under Retail tranche? Ie. Can i apply for $200k under Retail tranche thru ATM/ Internet Banking? Tks.

 

[Asphodeli]

Anyone know if there is any cap or max allowed under Retail tranche? Ie. Can i apply for $200k under Retail tranche thru ATM/ Internet Banking? Tks.

I hope you have considered your financial needs (your age, dependants, cash on hand needed weekly/monthly) before even deciding to press for this...

 

[SCG8866T]

Have to take into acct their perpetual securities which hides as equities. Their real equity should be ard S$700mil++

Means financial leverage(total asset divided by equity) from highest to lowest is Hyflux, Oxley, Aspial, Perennial. Correct me if im wrong.

 

[C Justice]

I hope you have considered your financial needs (your age, dependants, cash on hand needed weekly/monthly) before even deciding to press for this...

It's a tough decision because someone mentioned that we might not get full allocation. If only allotted 20% of our application, then pressing for $200k is ok. Tricky part is if 100% allotted would be a bit too much but would get about $1k per month as passive income.

 

[SpinFire]

Have to take into acct their perpetual securities which hides as equities. Their real equity should be ard S$700k++

Means financial leverage from highest to lowest is Hyflux, Oxley, Aspial, Perennial. Correct me if im wrong.

Woah, Hyflux real equity is not even $1m? Their debt/equity ratio must be really high.

I guess Hyflux is raising funds using perpetual securities to keep their debt levels low since it's hidden as equity.