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Stephenchow Veteran	19-Mar-2019 21:06        Stephenchow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hyflux says deal with Indonesian investor at risk due to Tuaspring default SINGAPORE - Hyflux' s restructuring agreement with SM Investments Pte Ltd may be terminated if defaults by Hyflux subsidiary Tuaspring Pte Ltd are not remedied within two weeks, the water treatment company said in a Singapore Exchange filing on Monday (March 18). Hyflux on Monday received a notice from its investor SM Investments, which referred to the default notice slapped on Tuaspring by the Public Utilities Board (PUB) on March 5. PUB' s notice said the national water agency would exercise its right to terminate its Water Purchase Agreement with Tuaspring and take control of the plant if all defaults are not fully resolved within the default notice period. According to the restructuring agreement between Hyflux and SM Investments, the investor has the right to terminate the agreement if a " prescribed occurrence" occurs and, if the occurrence can be remedied, it is not remedied within two weeks or such other mutually agreed period. Hyflux or Tuaspring ceasing or threatening to cease to conduct its business in the usual or ordinary course is a " prescribed occurrence" within the meaning of the restructuring agreement. As a result, SM Investments may assert its right to terminate the restructuring agreement if the matters stated in the PUB notice are not remedied by the end of the two-week period, which is April 1. Hyflux and Tuaspring said that they are seeking legal advice on the investor' s notice, and are in communication with PUB and the investor on the matters in the PUB' s notice and investor' s notice.
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Bkng595 Member	18-Mar-2019 19:38        Bkng595 About Contact  Quote this Post!
x 0   x 0  Alert Admin	PnP holders were getting around 10% when the debts were at $2.7b. Now debts have gone up to $2.8b, any idea what is the payout now? ......lower by how much?   Stephenchow      ( Date: 17-Mar-2019 22:25) Posted: Hyflux admits S$2.81b in claims after adjudication WATER treatment company Hyflux has tossed out some of the claims filed against it after adjudication, but the bulk of the S$3.59 billion demanded by some 74 groups of claimants still stands. The claim figures, released just after midnight on Saturday, were revised upwards from preliminary numbers " following clarifications/review" , according to the bourse announcement from Hyflux. Some S$3.51 billion had been claimed by 73 creditors and stakeholders, in an earlier list put out on March 8. Hyflux has now admitted some S$2.81 billion in claims altogether, including facilities claims, contingent claims, and trade and other claims. These claims will be taken into account in the scheme proposals for Hyflux' s debt restructuring plan, with retail investors in particular having clamoured loudly at Hyflux' s gates over the downward spiral of an erstwhile home-grown darling.
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Stephenchow Veteran	17-Mar-2019 22:25        Stephenchow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hyflux admits S$2.81b in claims after adjudication WATER treatment company Hyflux has tossed out some of the claims filed against it after adjudication, but the bulk of the S$3.59 billion demanded by some 74 groups of claimants still stands. The claim figures, released just after midnight on Saturday, were revised upwards from preliminary numbers " following clarifications/review" , according to the bourse announcement from Hyflux. Some S$3.51 billion had been claimed by 73 creditors and stakeholders, in an earlier list put out on March 8. Hyflux has now admitted some S$2.81 billion in claims altogether, including facilities claims, contingent claims, and trade and other claims. These claims will be taken into account in the scheme proposals for Hyflux' s debt restructuring plan, with retail investors in particular having clamoured loudly at Hyflux' s gates over the downward spiral of an erstwhile home-grown darling.
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simplesimon Member	15-Mar-2019 23:42        simplesimon About Contact  Quote this Post!
x 0   x 0  Alert Admin	Short sell is like playing blackjack poker! That is why I said spore stock market is like casino!
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des_khor Supreme	15-Mar-2019 20:37        des_khor About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tell me who is God or Market Fortune Teller in this forum ??"
x 0   x 0  Alert Admin	Short seller laugh all the way to bank ...
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MichaelSchenker Master	15-Mar-2019 18:57        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Short selling can be very useful. I will use it to hedge some of the stocks which I have huge stakes in. To each his own, if you dabble in stocks, that means you already knew what you are in for. Also remember, those who short will eventually need to cover back simplesimon      ( Date: 15-Mar-2019 18:14) Posted: SGX makes a mistake to allow short sell, turning stock market into a casino, depressing market value. Instead SGX should monitor why are stocks got unlisted so easily! I am exiting this market as well! Better put money in the bank than swallow by sharks in the spore stock market!
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Qanghoo Supreme	15-Mar-2019 18:43        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	But I think short-selling is a widely accepted globally.  simplesimon      ( Date: 15-Mar-2019 18:14) Posted: SGX makes a mistake to allow short sell, turning stock market into a casino, depressing market value. Instead SGX should monitor why are stocks got unlisted so easily! I am exiting this market as well! Better put money in the bank than swallow by sharks in the spore stock market!
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simplesimon Member	15-Mar-2019 18:14        simplesimon About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGX makes a mistake to allow short sell, turning stock market into a casino, depressing market value. Instead SGX should monitor why are stocks got unlisted so easily! I am exiting this market as well! Better put money in the bank than swallow by sharks in the spore stock market!
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laksaman57 Supreme	15-Mar-2019 12:09        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.theedgesingapore.com/portfolio/total-compliance-financial-reporting-was-it-misleading
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des_khor Supreme	14-Mar-2019 17:33        des_khor About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tell me who is God or Market Fortune Teller in this forum ??"
x 0   x 0  Alert Admin	No brain one will come with this type of agreement ! Bkng595      ( Date: 14-Mar-2019 17:00) Posted: Below is from this link  http://boringinvestor.blogspot.com/2017/10/accounting-for-hyfluxs-water-treatment.html.   Meaning book future electricity sales for next 20-30 years when plant is completed (even before selling any electricity)....Later, if not enough electricity sales, book losses....this kind of accounting...how can???😱 😱 😱 ....and borrow to pay dividends😱 😱 😱 ...blame who? .......Thus, by the time the plant is completed, all the projected payments over the 20- to 30-year concession period would have been largely accounted for. When the plant is completed and operational, Hyflux generates revenue from the guaranteed payments from PUB and the sale of water and excess power. On the other hand, it has to amortise the financial receivables and SCA intangible assets over the concession period. Thus, if the actual payments match the projected payments, what Hyflux earns during the operational phase is the interest from the financial receivables and SCA intangible assets, based on the discount rate used to compute the present value.  Thus, contrary to conventional wisdom, the 20- to 30-year operational phase of a water treatment plant may not be the most profitable phase for Hyflux. A lot will depend on whether the actual payments exceed the projected payments. In contrast, the construction phase of the water treatment plant can be quite profitable.   Starship      ( Date: 09-Mar-2019 23:01) Posted:
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KAMAL0883 Supreme	14-Mar-2019 17:12        KAMAL0883 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	the engr firm value as S$2 bio but TH paying S$2 bio for 30% ?? good deal ? Starship      ( Date: 14-Mar-2019 16:35) Posted: Temasek Sooooo Riiiiich...............Sooooo Gooood.......... Temasek to buy stake in Danish engineering firm for $2 bil 13/03/19 Singapore state investor Temasek Holdings agreed to buy about 30% of Denmark' s Haldor Topsoe A/S, the companies said, in a transaction that a source said values the engineering firm at around US$1.5 billion ($2 billion). As part of the deal, Temasek will subscribe to secondary shares issued by the Topsoe family, which currently owns 100% of the company through Haldor Topsoe Holding A/S, said a person with direct knowledge of the deal. Haldor Topsoe, which confirmed the deal but did not disclose a price, said Temasek' s global reach and connections in Asia and other emerging markets would bring value to the company. Haldor Topsoe is one of the world' s leading industrial catalyst producers. It employs about 2,300 people and logged revenue of about US$760 million in 2017. Temasek was shortlisted for exclusive talks and finalised a deal with Haldor Topsoe this week, beating global financial sponsors who were competing for the stake, said the person, who declined to be identified as the talks are private. The owners of the Danish firm began seeking a financial minority investor last year to accelerate growth, with a long-term intention to list it. SEB and Citi are acting as financial advisors and Kromann Reumert is acting as legal advisor to Haldor Topsoe Holding A/S, the Danish holding company said. Nomura is acting as exclusive financial advisor and Plesner is acting as legal advisor to Temasek, Haldor Topsoe said. For the year ended March 2018, Temasek reported a record-high annual portfolio value and said it aimed to temper its pace of investment amid rising trade tension between the United States and China. https://www.theedgesingapore.com/temasek-buy-stake-danish-engineering-firm-2-bil
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KAMAL0883 Supreme	14-Mar-2019 17:02        KAMAL0883 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	who will pay for the land cost , construction cost and future maintaining cost ?  use CPF Funds or get it from O Lam ? for maintaining cost not an issue, can collect from visitors - $2 per entry  Bkng595      ( Date: 14-Mar-2019 16:35) Posted: Lost money is always bad...if pub can build a MEMORIAL WALL with all the names of perp holders, bond holders, shareholders etc (like RIP!)....it will be lasting memory of how Tuas plant was built.....at least, not everything is forgotten in liquidation....just a thot 🤔 KAMAL0883      ( Date: 14-Mar-2019 14:48) Posted: take it as bot a new car for 100k and already drive for 10 years and finally get back scrab value 10K then you won' t feel so heartach
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Bkng595 Member	14-Mar-2019 17:00        Bkng595 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Below is from this link  http://boringinvestor.blogspot.com/2017/10/accounting-for-hyfluxs-water-treatment.html.   Meaning book future electricity sales for next 20-30 years when plant is completed (even before selling any electricity)....Later, if not enough electricity sales, book losses....this kind of accounting...how can???😱 😱 😱 ....and borrow to pay dividends😱 😱 😱 ...blame who? .......Thus, by the time the plant is completed, all the projected payments over the 20- to 30-year concession period would have been largely accounted for. When the plant is completed and operational, Hyflux generates revenue from the guaranteed payments from PUB and the sale of water and excess power. On the other hand, it has to amortise the financial receivables and SCA intangible assets over the concession period. Thus, if the actual payments match the projected payments, what Hyflux earns during the operational phase is the interest from the financial receivables and SCA intangible assets, based on the discount rate used to compute the present value.  Thus, contrary to conventional wisdom, the 20- to 30-year operational phase of a water treatment plant may not be the most profitable phase for Hyflux. A lot will depend on whether the actual payments exceed the projected payments. In contrast, the construction phase of the water treatment plant can be quite profitable.   Starship      ( Date: 09-Mar-2019 23:01) Posted: investshare      ( Date: 09-Mar-2019 20:04) Posted: So you see, Hyflux problem were well known, they didn?t try to hide, the problem were laid out transparently to everyone. If investors still want to take risk, and now still want to blame sgx, pap, pub?
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Starship Supreme	14-Mar-2019 16:35        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Temasek Sooooo Riiiiich...............Sooooo Gooood.......... Temasek to buy stake in Danish engineering firm for $2 bil 13/03/19 Singapore state investor Temasek Holdings agreed to buy about 30% of Denmark' s Haldor Topsoe A/S, the companies said, in a transaction that a source said values the engineering firm at around US$1.5 billion ($2 billion). As part of the deal, Temasek will subscribe to secondary shares issued by the Topsoe family, which currently owns 100% of the company through Haldor Topsoe Holding A/S, said a person with direct knowledge of the deal. Haldor Topsoe, which confirmed the deal but did not disclose a price, said Temasek' s global reach and connections in Asia and other emerging markets would bring value to the company. Haldor Topsoe is one of the world' s leading industrial catalyst producers. It employs about 2,300 people and logged revenue of about US$760 million in 2017. Temasek was shortlisted for exclusive talks and finalised a deal with Haldor Topsoe this week, beating global financial sponsors who were competing for the stake, said the person, who declined to be identified as the talks are private. The owners of the Danish firm began seeking a financial minority investor last year to accelerate growth, with a long-term intention to list it. SEB and Citi are acting as financial advisors and Kromann Reumert is acting as legal advisor to Haldor Topsoe Holding A/S, the Danish holding company said. Nomura is acting as exclusive financial advisor and Plesner is acting as legal advisor to Temasek, Haldor Topsoe said. For the year ended March 2018, Temasek reported a record-high annual portfolio value and said it aimed to temper its pace of investment amid rising trade tension between the United States and China. https://www.theedgesingapore.com/temasek-buy-stake-danish-engineering-firm-2-bil
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Bkng595 Member	14-Mar-2019 16:35        Bkng595 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lost money is always bad...if pub can build a MEMORIAL WALL with all the names of perp holders, bond holders, shareholders etc (like RIP!)....it will be lasting memory of how Tuas plant was built.....at least, not everything is forgotten in liquidation....just a thot 🤔 KAMAL0883      ( Date: 14-Mar-2019 14:48) Posted: take it as bot a new car for 100k and already drive for 10 years and finally get back scrab value 10K then you won' t feel so heartache Bkng595      ( Date: 13-Mar-2019 18:33) Posted: If can afford $100k, get back $10k or get back less than $10k is not that much diff..... of course, there will always be diff...
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investshare Supreme	14-Mar-2019 15:13        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Who say Singapore crown as safe haven? Every investment carry risk. You can even choose to gamble in Casino in Singapore. Singapore is crown for free market, rule by law, without government interference. That?s why government will not bail out Hyflux investors here. KAMAL0883      ( Date: 14-Mar-2019 14:55) Posted: Singapore crown as safe heaven for investment but actually listed company close shop rate much higher than HK , Malaysia and some other high risk country.. penny stock close shop is acceptable but from blue chips to penny and eventually close shop hard to believe..... SGX/MAS must be sleeping all this while
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KAMAL0883 Supreme	14-Mar-2019 14:55        KAMAL0883 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Singapore crown as safe heaven for investment but actually listed company close shop rate much higher than HK , Malaysia and some other high risk country.. penny stock close shop is acceptable but from blue chips to penny and eventually close shop hard to believe..... SGX/MAS must be sleeping all this while
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KAMAL0883 Supreme	14-Mar-2019 14:48        KAMAL0883 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	take it as bot a new car for 100k and already drive for 10 years and finally get back scrab value 10K then you won' t feel so heartache Bkng595      ( Date: 13-Mar-2019 18:33) Posted: If can afford $100k, get back $10k or get back less than $10k is not that much diff..... of course, there will always be diff.... MichaelSchenker      ( Date: 13-Mar-2019 18:27) Posted: 10% of 10k means $9,000 loss 10% of 100k means $90,000 loss
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curious_moo Master	14-Mar-2019 14:34        curious_moo About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	but you need to define affodability first. one man with networth 100k and one with networth 1mil both can afford this investment. both afford the 100k to invest. but now 10k return for the first investor is like 10% of his life.. whereas 10k return for the second investor is like 1% of his life.. so being able to invest this 100k doesnt mean the recoverable 10k is not much difference to these 2 investors..   Bkng595      ( Date: 13-Mar-2019 18:33) Posted: If can afford $100k, get back $10k or get back less than $10k is not that much diff..... of course, there will always be diff.... MichaelSchenker      ( Date: 13-Mar-2019 18:27) Posted: 10% of 10k means $9,000 loss 10% of 100k means $90,000 loss
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KAMAL0883 Supreme	14-Mar-2019 14:17        KAMAL0883 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	hahaha good one Bro  how to imagine Hyflux come into today' s mess old cunning fox Mahathir surely laugh till flat Starship      ( Date: 14-Mar-2019 01:16) Posted: Stephenchow      ( Date: 13-Mar-2019 22:34) Posted: Need to be in stadium for 34,000 crowd & managment team march in with the company flags like the previous nationa day parade
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