Hyflux

[lamester01]

Will the share price of hyflux keep dropping till the management decided to offer an exit offer to the investors with their offered price?

 

[peterchan75]

Will the share price of hyflux keep dropping till the management decided to offer an exit offer to the investors with their offered price?

You mean taking it private ? It's possible since 3 substantial share holder exceed 55% ownership. Seems hardup for cash. Even leaseback it's headquarter.

 

[lamester01]

You mean taking it private ? It's possible since 3 substantial share holder exceed 55% ownership. Seems hardup for cash. Even leaseback it's headquarter.

Yes, delisting from SGX. The leaseback of its headquarter is not meant for reinvestment purpose?

 

[cheong79]

Who are the 3 substantial share holders?

 

[peterchan75]

Who are the 3 substantial share holders?

Olivia (33%) and the rest own by 2 hedge fund.

 

[peterchan75]

Yes, delisting from SGX. The leaseback of its headquarter is not meant for reinvestment purpose?

If you look at their annual report, it's quite leverage.

 

[cheong79]

But the placement of reference share is too huge to go private.
And going private it won't easy to raise cash.

 

[lamester01]

If you look at their annual report, it's quite leverage.

In other words, the company may seem to be hard up for liquidity..

 

[lamester01]

But the placement of reference share is too huge to go private.
And going private it won't easy to raise cash.

But will it be possible for the company to get private if its share price to be keep dropping ?

 

[wahkao3]

But will it be possible for the company to get private if its share price to be keep dropping ?

possibleeeeeee

 

[swathe]

Another 5% drop today.

 

[cheong79]

Dun hop on a falling knife. Your hand will be painful.

 

[linxiaobei]

The price seems to be coming back up from a low 0.79

 

[felixleong]

unlike other asset plays in which the owner could make a great return by buying it out from the open market at a depressed price (normally at a discount to book as seen by recent years property stocks going back to private)

I don't think so that it is likely for hyflux to be bought out as its still trading at 1.3 times PB and very highly geared

maybe if it comes to 0.5 times PB then I would consider the possible of the management taking it private

 

[lolita_5]

The price seems to be coming back up from a low 0.79

nah, pls don't go for hyflux, competitiveness is weak and it's highly geared

 

[linxiaobei]

nah, pls don't go for hyflux, competitiveness is weak and it's highly geared

LOL. That gif.

Yes, thanks for the reminder.

 

[coey]

exercise your own judgement and dun listen to noise if you think this is a good buy.

 

[felixleong]

http://www.ocbcresearch.com/pdf_reports/company/Hyflux-150105-OIR.pdf

I see OCBC research report, how come the Price/NTA become negative for FY14 and FY15?
is it a mistake?

any pro can please advise, thanks

 

[felixleong]

if hyflux book value is negative, along with such high gearing...
then maybe its gonna be insolvent soon?

 

[Risk Adverse]

if hyflux book value is negative, along with such high gearing...
then maybe its gonna be insolvent soon?

I would advise caution.