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huathuat88888 Elite	15-Nov-2018 00:39        huathuat88888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why Invest in TV when there is Internet where you can practically watch everything or watch anything " for free " ? Even MediaCorp and SPH are feeling the heat. LOL
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kangaroo11 Veteran	15-Nov-2018 00:36        kangaroo11 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Bro how much is that 100k of your networth? ______ How much is that 100k of your dispensable cash? ______ All dump into aptv? Brianfoo      ( Date: 14-Nov-2018 23:34) Posted: Am really very afraid now... who here holding a lot of units and paper loss of more than 70K?
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Berani Elite	15-Nov-2018 00:17        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	if cut loss now... sure very painful. better hold for rebound.. Brianfoo      ( Date: 14-Nov-2018 23:34) Posted: Am really very afraid now... who here holding a lot of units and paper loss of more than 70K?
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nngeeh Veteran	14-Nov-2018 23:38        nngeeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	For Reits, the net assets makes more sense as it's made up of properties which can be liquidated. For AAPT, their net asset is based on the value of it's licence which they can't really liquidate it. For me, the net asset here doesn't really mean anything. Maller      ( Date: 14-Nov-2018 23:21) Posted: Net asset is abt 80 cents? It is very cheap if we disregard the dividends?
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Brianfoo Senior	14-Nov-2018 23:34        Brianfoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Am really very afraid now... who here holding a lot of units and paper loss of more than 70K?
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Qanghoo Supreme	14-Nov-2018 23:30        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	If liquidate good lor.  But if not, we don' t know who are those compressing the share px, n poor unsuspecting sporeans go n buy n all get sucked in n lose millions.  Cld be worse than the con cases happening here n reported in the local media from time to time, right? Maller      ( Date: 14-Nov-2018 23:21) Posted: Net asset is abt 80 cents? It is very cheap if we disregard the dividends?
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Maller Elite	14-Nov-2018 23:21        Maller About Contact  Quote this Post!
x 0   x 0  Alert Admin	Net asset is abt 80 cents? It is very cheap if we disregard the dividends?
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laksaman57 Supreme	14-Nov-2018 23:17        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sgx approved a unsustainable business with dividend trap to entice IPO ? No checklist to question IPO applicants ? Hope SGX will step up to share how their approval process of APPT is like in safe guarding unitholder interest. nqing87      ( Date: 14-Nov-2018 22:45) Posted: lesson learn is dont fall for dividend trap.. look through the balance sheet, bottomline profit/eps, and see if the dividend is sustainable.. most reits/trusts give dividend much more than their eps, which is unsustainable in the long run.. it is a regulation that reits/trust have to give at least 90% of earnings out as dividends, so that' s why normally they give attractive dividend.. i dont like the way this regulation works though, cos this mean they are never cash rich and has debts that wont be able to pay finish, and whenever they need to expand their portfolio, they have to raise cash through means like placement, loans etc..
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Qanghoo Supreme	14-Nov-2018 23:07        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	This thing abt raising cash through placements is the turn off for me, which is why I normally avaoid reit. nqing87      ( Date: 14-Nov-2018 22:45) Posted: lesson learn is dont fall for dividend trap.. look through the balance sheet, bottomline profit/eps, and see if the dividend is sustainable.. most reits/trusts give dividend much more than their eps, which is unsustainable in the long run.. it is a regulation that reits/trust have to give at least 90% of earnings out as dividends, so that' s why normally they give attractive dividend.. i dont like the way this regulation works though, cos this mean they are never cash rich and has debts that wont be able to pay finish, and whenever they need to expand their portfolio, they have to raise cash through means like placement, loans etc..
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Brianfoo Senior	14-Nov-2018 22:57        Brianfoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yup got what you meant but i thought reits must give out dividends no matter how correct? For trust its not a must to give out dividends am i correct?
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nqing87 Supreme	14-Nov-2018 22:45        nqing87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	lesson learn is dont fall for dividend trap.. look through the balance sheet, bottomline profit/eps, and see if the dividend is sustainable.. most reits/trusts give dividend much more than their eps, which is unsustainable in the long run.. it is a regulation that reits/trust have to give at least 90% of earnings out as dividends, so that' s why normally they give attractive dividend.. i dont like the way this regulation works though, cos this mean they are never cash rich and has debts that wont be able to pay finish, and whenever they need to expand their portfolio, they have to raise cash through means like placement, loans etc..
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laksaman57 Supreme	14-Nov-2018 22:20        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Gentle reminder that such event can hit any stock and thus anyone, if ppl are indifferent. Vested and not-vested should reject such drastic action without transparent detailed justification. Let Sabana lesson be a lesson for ALL.
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laksaman57 Supreme	14-Nov-2018 22:08        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGX approved IPO ? Where are you ? SAIS represent shareholders interest ? Where are you? Need a repeat of Sabana episode to erode sgp good name ?
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laksaman57 Supreme	14-Nov-2018 22:00        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Only 81% div reduction can save APPT ? Not 30% ? Not 40% ? Not 50 % ? Will mgr call EGM to engage unitholders and present various scenario leading to such drastic cut ? tangsookiam1947      ( Date: 14-Nov-2018 21:47) Posted: too high capex to profit ratio. Business model may not be sustainable... Brianfoo      ( Date: 14-Nov-2018 21:42) Posted: Have already learn a very expensive lesson but when it hits you its really very pain... All i hope to know will the share price go up in the near future so i can get rid of this counter please?
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laksaman57 Supreme	14-Nov-2018 21:55        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Reduce 10% ? Reduce 20% ? Reduce 30% ? Reduce 40% ? Why 81% ? What did IPO say? No cases are exact. Sabana activism took action when no one step up. Will APTT unitholderd sit and accept mgr choice of action and watch their value erode ? Is there other gradual action ? Yes/No? If no, why no? nngeeh      ( Date: 14-Nov-2018 21:33) Posted: Sabana's case was different. They were buying properties from their sponsor which from the investors point of view- wasn't attractive, force shareholders to fork out more funds to buy properties from the sponsor and also cause the dpu to drop. this rights issue cause the share price to drop. The shareholders got together to prevent the purchase. For AAPT, I don't think the shareholders can stop capital expenditure which is required to upgrade and maintain the infrastructure. Their revenue/profit was less than the capex + div. In order to maintain the high div... the debt kept going up after each div payout. Their debt is in billion... and unlike Reits where they can sell properties.. AAPT can't sell any properties to reduce debt. The only option is to reduce the div... so that the revenue/profit can cover the capex. Will need to monitor if they can stop borrowing moving forward, but their billion dollar debt with the increasing interest will be a concern. laksaman57      ( Date: 14-Nov-2018 21:04) Posted: Maybe like in the case of Sabana reit, unitholder join to table a vote against such drastic div reduction. Did the mgmt exercise due diligent in leading to this sudden debt reduction. Can't mgr adopt a more gradual dividend reduction ? Did this dividend reduction run contrary to original IPO. SGX can help query change against IPO. Hope this help.
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tangsookiam1947 Master	14-Nov-2018 21:47        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	too high capex to profit ratio. Business model may not be sustainable... Brianfoo      ( Date: 14-Nov-2018 21:42) Posted: Have already learn a very expensive lesson but when it hits you its really very pain... All i hope to know will the share price go up in the near future so i can get rid of this counter please?
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Brianfoo Senior	14-Nov-2018 21:42        Brianfoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Have already learn a very expensive lesson but when it hits you its really very pain... All i hope to know will the share price go up in the near future so i can get rid of this counter please?
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Qanghoo Supreme	14-Nov-2018 21:34        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Always high risk high return.  But I can' t say u' re greedy n that' s ur undoing.  The IPO was at ard 90+cts, right?  So, they sell units at a lofty px,  but over time px keep eroding.  While we always say caveate emptor, I believe this time rd, management cannot cite ce as for the sudden  drastic px collapse.  I share the view that the  reduction in div shd (not only cld) have been done more gradually.  I also believe there is a  sufficiently strong case for the bourse n  the investor mouthpiece to intervene to reverse the  situation.    U shd  go to them for help.    They  not only ought, but have a duty, to  intervene.  Maybe, try to get a group to make the plight known too cos I' m sure there are a lot of others caught in the rut too.    Also, the media cld highlight this too so that the investing public is made aware of the danger of  trusts like this n think countless times before putting $$$ in  such  unreliable trusts in future.  Brianfoo      ( Date: 14-Nov-2018 20:37) Posted: Just want to know any chance that this counter can go back to the 40 plus to 50 plus cents price range? Really cant wait to get rid of this counter. Yes i admit am greedy for the yield but this come too suddenly and its really drastic.
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nngeeh Veteran	14-Nov-2018 21:33        nngeeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sabana's case was different. They were buying properties from their sponsor which from the investors point of view- wasn't attractive, force shareholders to fork out more funds to buy properties from the sponsor and also cause the dpu to drop. this rights issue cause the share price to drop. The shareholders got together to prevent the purchase. For AAPT, I don't think the shareholders can stop capital expenditure which is required to upgrade and maintain the infrastructure. Their revenue/profit was less than the capex + div. In order to maintain the high div... the debt kept going up after each div payout. Their debt is in billion... and unlike Reits where they can sell properties.. AAPT can't sell any properties to reduce debt. The only option is to reduce the div... so that the revenue/profit can cover the capex. Will need to monitor if they can stop borrowing moving forward, but their billion dollar debt with the increasing interest will be a concern. laksaman57      ( Date: 14-Nov-2018 21:04) Posted: Maybe like in the case of Sabana reit, unitholder join to table a vote against such drastic div reduction. Did the mgmt exercise due diligent in leading to this sudden debt reduction. Can't mgr adopt a more gradual dividend reduction ? Did this dividend reduction run contrary to original IPO. SGX can help query change against IPO. Hope this help.
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laksaman57 Supreme	14-Nov-2018 21:31        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is mgr taking too drastic action when they could do it more gradually like attached analyst writeup ? https://research.sginvestors.io/2018/08/asian-pay-television-trust-phillip-securities-research-2018-08-07.html?m=1 Any disclosure such as bank unwillingness to lend or increased bank asking rate or other to justify declaring a 81% cut in dividend ?
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