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Stephenchow Veteran	29-Oct-2018 22:33        Stephenchow About Contact  Quote this Post!
x 0   x 0  Alert Admin	The deadline has been extended up to and including Oct 29. Should be today
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ysh2006 Supreme	29-Oct-2018 21:36        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hyflux extension till end of Oct to sell TS....the Indonesian deal will take long long to complete must well Maybank force sell Hyflux TS to SCI and get the $$ ... Stephenchow      ( Date: 29-Oct-2018 21:05) Posted: No news from Hyflux yet. Will the malaysian banks allows the company to hold on to TS?
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Stephenchow Veteran	29-Oct-2018 21:05        Stephenchow About Contact  Quote this Post!
x 0   x 0  Alert Admin	No news from Hyflux yet. Will the malaysian banks allows the company to hold on to TS?
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ysh2006 Supreme	24-Oct-2018 07:52        ysh2006 About Contact  Quote this Post!
x 1   x 0  Alert Admin	SGX is fair if not settled yet start trading those new buyers will be stuck and blame SGX for allowing Hyflux to trade when things not clear yet... Goldfinger      ( Date: 24-Oct-2018 07:47) Posted: Why does SGX allow Hyflux to suspend so Long? They should allow investors to exit
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Goldfinger Supreme	24-Oct-2018 07:47        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why does SGX allow Hyflux to suspend so Long? They should allow investors to exit
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investshare Supreme	24-Oct-2018 07:43        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Obviously $400m not enough to pay, I think bond holder and perpetual will be forced to convert. Thus the dilution to existing shareholders should be bigger than the 60-40.
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Stephenchow Veteran	23-Oct-2018 20:54        Stephenchow About Contact  Quote this Post!
x 1   x 0  Alert Admin	FAQs on restructuring agreement:-  https://www.hyflux.com/financial-reorganisation-exercise/the-reorganisation-process/
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Qanghoo Supreme	23-Oct-2018 16:59        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	One PUB n one NEA related project.  Best get MEWR to appt on director to Hflux board. Observers      ( Date: 23-Oct-2018 16:33) Posted: But until PUB gives the go ahead, there can be no deal. Way I see it, one possible solution for Salim & co. to go ahead with Hyflux acquisition is perhaps PUB appointing 1 or 2 directors to the board of Tuaspring and other local strategic projects to oversee the operations. Just like the China SOEs listed in Singapore, there was a recent requirement to appoint a CCCP cadre/govt official onto their boards for oversight, a legal, complusory requirement.
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Observers Elite	23-Oct-2018 16:33        Observers About Contact  Quote this Post!
x 1   x 0  Alert Admin	But until PUB gives the go ahead, there can be no deal. Way I see it, one possible solution for Salim & co. to go ahead with Hyflux acquisition is perhaps PUB appointing 1 or 2 directors to the board of Tuaspring and other local strategic projects to oversee the operations. Just like the China SOEs listed in Singapore, there was a recent requirement to appoint a CCCP cadre/govt official onto their boards for oversight, a legal, complusory requirement.
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Maller Elite	23-Oct-2018 14:50        Maller About Contact  Quote this Post!
x 0   x 0  Alert Admin	33 cents at least when opened for others??
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Punkist Senior	23-Oct-2018 13:22        Punkist About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes to ysh and John
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ysh2006 Supreme	23-Oct-2018 13:05        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Base on this assumption  Hyflux shareholders get back less than 5c ? john_ric      ( Date: 23-Oct-2018 11:59) Posted: if that is the case, perp 6% bond holders shld also take back 22.5% at most? Punkist      ( Date: 23-Oct-2018 09:52) Posted: ?Taken from Joyeees post: 60% is 1,177,500,000 shares valued $400,000,000 40% existing 785,000,000 shares valued at approx $266,000,000 (amended from Joyeee?s post, the value is inferred based on Salims purchase price)? ?Copied from internet: As at 22 February 2018, Hyflux has $400 million worth of Hyflux 6% CPS and $500 million worth of Perps to be redeemed.? Assuming no new shares issued to perps and bond holders (since we don?t know for now how many will be issued). I assume the proportional value will remain the same And all remaining shareholders, perps and bond holders will share the remaining pie of 40%, 785,000,000 shares valued at $266million Proportion 2.66 : 4 : 5 Proportion shareholder value : cps value: perp value Expected shareholder value left: $266 mill / 11.66 x 2.66 = approx $60 mill $60 mill / $266 mill = 22.5% In summary, for the value of shares you have at the moment, expect to only receive 22.5% back which is a massive haircut
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john_ric Supreme	23-Oct-2018 11:59        john_ric About Contact  Quote this Post!
x 0   x 1  Alert Admin	if that is the case, perp 6% bond holders shld also take back 22.5% at most? Punkist      ( Date: 23-Oct-2018 09:52) Posted: ?Taken from Joyeees post: 60% is 1,177,500,000 shares valued $400,000,000 40% existing 785,000,000 shares valued at approx $266,000,000 (amended from Joyeee?s post, the value is inferred based on Salims purchase price)? ?Copied from internet: As at 22 February 2018, Hyflux has $400 million worth of Hyflux 6% CPS and $500 million worth of Perps to be redeemed.? Assuming no new shares issued to perps and bond holders (since we don?t know for now how many will be issued). I assume the proportional value will remain the same And all remaining shareholders, perps and bond holders will share the remaining pie of 40%, 785,000,000 shares valued at $266million Proportion 2.66 : 4 : 5 Proportion shareholder value : cps value: perp value Expected shareholder value left: $266 mill / 11.66 x 2.66 = approx $60 mill $60 mill / $266 mill = 22.5% In summary, for the value of shares you have at the moment, expect to only receive 22.5% back which is a massive haircut
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john_ric Supreme	23-Oct-2018 11:57        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	my guesstimate is that hyfuk will be like ezion - another ex-investors' -favourite. px will be < 9 cts if ever re-listed.
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Punkist Senior	23-Oct-2018 09:52        Punkist About Contact  Quote this Post!
x 0   x 0  Alert Admin	?Taken from Joyeees post: 60% is 1,177,500,000 shares valued $400,000,000 40% existing 785,000,000 shares valued at approx $266,000,000 (amended from Joyeee?s post, the value is inferred based on Salims purchase price)? ?Copied from internet: As at 22 February 2018, Hyflux has $400 million worth of Hyflux 6% CPS and $500 million worth of Perps to be redeemed.? Assuming no new shares issued to perps and bond holders (since we don?t know for now how many will be issued). I assume the proportional value will remain the same And all remaining shareholders, perps and bond holders will share the remaining pie of 40%, 785,000,000 shares valued at $266million Proportion 2.66 : 4 : 5 Proportion shareholder value : cps value: perp value Expected shareholder value left: $266 mill / 11.66 x 2.66 = approx $60 mill $60 mill / $266 mill = 22.5% In summary, for the value of shares you have at the moment, expect to only receive 22.5% back which is a massive haircut
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Punkist Senior	23-Oct-2018 08:41        Punkist About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, this is correct Observers      ( Date: 23-Oct-2018 08:17) Posted: Salim is not paying for the original Hyflux, but a restructured, significantly less-geared Hyflux. You can' t use the current number of issued shares to calculate NAV because, presumably, the noteholders, perps and all the other unsecured debt holders will also demand a piece of Hyflux via newly issued shares. If these lenders reject a restructuring, the only option left is liquidation. Joyeee      ( Date: 23-Oct-2018 06:55) Posted: It is Not $0.45. 60% is 1,177,500,000 shares valued $400,000,000 40% existing 785,000,000 shares valued $102,835,000 at NAV $0.131 Combined NAV is $0.26 if SMs offer is admitted. When suspension is lifted, all trapped investors will flood the sell gate and run. You can expect it to be below $0.20.
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Observers Elite	23-Oct-2018 08:17        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	Salim is not paying for the original Hyflux, but a restructured, significantly less-geared Hyflux. You can' t use the current number of issued shares to calculate NAV because, presumably, the noteholders, perps and all the other unsecured debt holders will also demand a piece of Hyflux via newly issued shares. If these lenders reject a restructuring, the only option left is liquidation. Joyeee      ( Date: 23-Oct-2018 06:55) Posted: It is Not $0.45. 60% is 1,177,500,000 shares valued $400,000,000 40% existing 785,000,000 shares valued $102,835,000 at NAV $0.131 Combined NAV is $0.26 if SMs offer is admitted. When suspension is lifted, all trapped investors will flood the sell gate and run. You can expect it to be below $0.20.
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Joyeee Senior	23-Oct-2018 06:55        Joyeee About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is Not $0.45. 60% is 1,177,500,000 shares valued $400,000,000 40% existing 785,000,000 shares valued $102,835,000 at NAV $0.131 Combined NAV is $0.26 if SMs offer is admitted. When suspension is lifted, all trapped investors will flood the sell gate and run. You can expect it to be below $0.20.
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Stephenchow Veteran	22-Oct-2018 21:54        Stephenchow About Contact  Quote this Post!
x 1   x 0  Alert Admin	Holding 1 million shares is shareholder, holding 100 shares is still shareholder, both are  considered as minority shareholders. Both will be invited to drink coffee during AGM. With the massive share dilution (in billions) coming,  will see how may shares you still have after the restucturing exercise..    NextEvolution      ( Date: 22-Oct-2018 08:41) Posted: I just did a recalculation the price paid for by SM is 45 cent per share based on $530m investment for 60% stake, or 114% premium over last done price before suspension. There are a few posters who regularly curse or condemn Hy and one even mentioned Hy is worth 1 cent. Please spend some time to understand who is S and M before making senseless comments. Unless you say you are much richer than either S or M, then I've nothing to say. And I believe if you are richer than either, you won't be here posting. To the someone who posted dozens and dozens of negative postings, and then say he only own 10k shares, will it be better if Hy fold if no one rescue it or having a super whiteknigt paying 114% premium price over last traded price? Does it worth all the 5 months of time to post over such quantity of shares? I have around 1 million shares in Hy yet I never say anything negative anytime about Hy,. The goo thing is my average cost is ultra low, at below 22 cent a share. NextEvolution      ( Date: 19-Oct-2018 07:48) Posted: So many misinformation here. Let's disect the details below: SM are both considered as strategic investors, in for the long haul in Hy and the 3 parties have definite synergy effects. Someone compared this with Ezion white knights but over there, they are mostly opportunists or sleeping investors, including our state fund Tenasek's Pavilion Capital Fund. S is already a major power supplier in Singapore. M is supplying LNG to Singapore and M can in future directly supply LNG to TS. TS is still not making money at the beginning of the year but the equation have changed since as tariffs for water and electricity have gone up 20% to 30% this year. SM together with Hy habe say to keep the assets intact, so the cash will be used to pay off Perps and bonds, in this priority. If TS is generating positive cash flow now, MS * Hy can pay off Maybank till the loan expire more than a decade down the road. As for calculation, an injection of $530m will translate to 40.5 cent based on SM total investment. 60/100 x $530m x 785m current shares = 40.5 cent. It will be another couple of months before suspension lifted as approval from authorities and voting from vested holders take time. By then, loads of currently trapped short-sellers will fight off with trapped retailers and new speculators to move the price. I'm expecting price to open in the range of 28 cent to 32 cents. Please DYODD. Good luck to all
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angmohlin Veteran	22-Oct-2018 21:30        angmohlin About Contact  Quote this Post! Style: Combined
x 1   x 0  Alert Admin	There is a telegram group forum for Hyflux' s victims. If you are the victim you may want to join the group. https://t.me/hyflux_retail
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