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ascend88 Master	26-May-2014 10:37        ascend88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	hahahaha.... i think its the retail investors  like us  then have the toughest job... Siwomp      ( Date: 26-May-2014 10:34) Posted: Public interest.....Shareholders' interest.....tough job. enjoylife77      ( Date: 26-May-2014 10:23) Posted: Not a tough job for LTA as it is the authority and their decision is final. Please note that SMRT used to be a STI component stock. So those fund manager may use this opportunity to pump and unload the balance of their hugh holding.
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Siwomp Supreme	26-May-2014 10:34        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Public interest.....Shareholders' interest.....tough job. enjoylife77      ( Date: 26-May-2014 10:23) Posted: Not a tough job for LTA as it is the authority and their decision is final. Please note that SMRT used to be a STI component stock. So those fund manager may use this opportunity to pump and unload the balance of their hugh holding. Siwomp      ( Date: 26-May-2014 10:16) Posted: Demand and Supply, depends on BBs and how LTA(Gov) decides lor......imo....tough job for LTA......
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khairsy Veteran	26-May-2014 10:33        khairsy About Contact  Quote this Post!
x 0   x 0  Alert Admin	looks like this train is not moving forward today
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enjoylife77 Veteran	26-May-2014 10:23        enjoylife77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not a tough job for LTA as it is the authority and their decision is final. Please note that SMRT used to be a STI component stock. So those fund manager may use this opportunity to pump and unload the balance of their hugh holding. Siwomp      ( Date: 26-May-2014 10:16) Posted: Demand and Supply, depends on BBs and how LTA(Gov) decides lor......imo....tough job for LTA....... khairsy      ( Date: 26-May-2014 10:13) Posted: So i guess TP 1.6 is a far away dream?
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Siwomp Supreme	26-May-2014 10:19        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	SMRT Stations retail spaces......LTA is the Landlord who rent it "at nominal fee" to SMRT who then rent it out again to 3rd parties at market rates.....
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Siwomp Supreme	26-May-2014 10:16        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Demand and Supply, depends on BBs and how LTA(Gov) decides lor......imo....tough job for LTA....... khairsy      ( Date: 26-May-2014 10:13) Posted: So i guess TP 1.6 is a far away dream? Siwomp      ( Date: 26-May-2014 10:10) Posted: "....NSEWL (which includes tunnels, tracks, viaducts and station structures) remains the property of LTA and is leased to SMRT Trains at a nominal annual fee or such other amount which LTA may stipulate in the future on the first working day of each calendar year during the term of the lease....." ....so the lease is on a yearly basis......humm...... wonder what is the current lease (psf)to SMRT now?.....this is a potential significant revenue generator for LTA if they are charging market rate for the commercial spaces..... go check the mkt rate for the commercial rental rates and you know what I mean.
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khairsy Veteran	26-May-2014 10:13        khairsy About Contact  Quote this Post!
x 0   x 0  Alert Admin	So i guess TP 1.6 is a far away dream? Siwomp      ( Date: 26-May-2014 10:10) Posted: "....NSEWL (which includes tunnels, tracks, viaducts and station structures) remains the property of LTA and is leased to SMRT Trains at a nominal annual fee or such other amount which LTA may stipulate in the future on the first working day of each calendar year during the term of the lease....." ....so the lease is on a yearly basis......humm...... wonder what is the current lease (psf)to SMRT now?.....this is a potential significant revenue generator for LTA if they are charging market rate for the commercial spaces..... go check the mkt rate for the commercial rental rates and you know what I mean.
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Siwomp Supreme	26-May-2014 10:10        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	"....NSEWL (which includes tunnels, tracks, viaducts and station structures) remains the property of LTA and is leased to SMRT Trains at a nominal annual fee or such other amount which LTA may stipulate in the future on the first working day of each calendar year during the term of the lease....." ....so the lease is on a yearly basis......humm...... wonder what is the current lease (psf)to SMRT now?.....this is a potential significant revenue generator for LTA if they are charging market rate for the commercial spaces..... go check the mkt rate for the commercial rental rates and you know what I mean.
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Siwomp Supreme	26-May-2014 10:00        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Layman term..... the buy back price will be significantly less than what the mkt expects..... the retails shops which is the Cash Cow for SMRT is not an asset upon the sale back to the Govt, but potentially a liablility due to the potential request for rectification back to the initial state before the lease......but then the majority holder is Temasek (correct me if I'm wrong) so LTA must give face on the retails shop rectifications issues, unlike the REITs. khairsy      ( Date: 26-May-2014 09:54) Posted: in lay man' s term...is this good or bad for shareholders? Siwomp      ( Date: 26-May-2014 09:52) Posted: (1)Govt use $5+ Billions of 1980s taxpayers money to build the NESWL..... (2) Sold some asset to SMRT at $1.2Billions in 1990s money but give SMRT a grant of $480 millions..... (3) Some assets like Train station structure still belongs to LTA which is beling lease to SMRT at a nominal fee......This is important. This essentially mean that the retail shop spaces are lease from LTA and does not belong to SMRT. Therefore, upon the returning of the rail and train assest to LTA(Gov), the retail shops will be return to the LTA(Gov) for free in fact SMRT will need to pay LTA to take back the shops in its current state(if LTA acts like...say Mapletree reits). Now why do I say that? Eg.I own commercial space which I lease out at "good will" rent price, now I want to take the space back, I will have to either conpensate you the balance of the "good will" rental or I can wait for the lease to expire. Here comes the good part..... upon returning of the commercial spaces, I have the right (as the owner) to ask you to rectify the structures (meaning to return the commercial space back to me in its initial state), meaning the person who rented my space will have to spend (in SMRT case) 10s to 100s of millions to do the rectification......
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khairsy Veteran	26-May-2014 09:54        khairsy About Contact  Quote this Post!
x 0   x 0  Alert Admin	in lay man' s term...is this good or bad for shareholders? Siwomp      ( Date: 26-May-2014 09:52) Posted: (1)Govt use $5+ Billions of 1980s taxpayers money to build the NESWL..... (2) Sold some asset to SMRT at $1.2Billions in 1990s money but give SMRT a grant of $480 millions..... (3) Some assets like Train station structure still belongs to LTA which is beling lease to SMRT at a nominal fee......This is important. This essentially mean that the retail shop spaces are lease from LTA and does not belong to SMRT. Therefore, upon the returning of the rail and train assest to LTA(Gov), the retail shops will be return to the LTA(Gov) for free in fact SMRT will need to pay LTA to take back the shops in its current state(if LTA acts like...say Mapletree reits). Now why do I say that? Eg.I own commercial space which I lease out at "good will" rent price, now I want to take the space back, I will have to either conpensate you the balance of the "good will" rental or I can wait for the lease to expire. Here comes the good part..... upon returning of the commercial spaces, I have the right (as the owner) to ask you to rectify the structures (meaning to return the commercial space back to me in its initial state), meaning the person who rented my space will have to spend (in SMRT case) 10s to 100s of millions to do the rectification...... Siwomp      ( Date: 26-May-2014 09:34) Posted: Extracted from the report of FY2013 "On 1 April 1998, SMRT Trains purchased the NSEWL operating assets from LTA for approximately $1.2 billion. These assets include trains, permanent way vehicles, power supply equipment and cabling, supervisory control system, escalators and lifts, platform screen doors, environmental control system, electrical services and fire protection system, signalling system, communication system, automatic fare collection system and depot workshop equipment. LTA provided an asset-related grant of $480 million to assist SMRT Trains in its purchase of these assets, which is being amortised by recognising it as deferred income over the life of the relevant assets. SMRT Trains had fully paid for the NSEWL operating assets in five equal annual instalments by April 2002. While SMRT Trains owns and maintains the operating assets, the infrastructure of the NSEWL (which includes tunnels, tracks, viaducts and station structures) remains the property of LTA and is leased to SMRT Trains at a nominal annual fee or such other amount which LTA may stipulate in the future on the first working day of each calendar year during the term of the lease.
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Siwomp Supreme	26-May-2014 09:52        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	(1)Govt use $5+ Billions of 1980s taxpayers money to build the NESWL..... (2) Sold some asset to SMRT at $1.2Billions in 1990s money but give SMRT a grant of $480 millions..... (3) Some assets like Train station structure still belongs to LTA which is beling lease to SMRT at a nominal fee......This is important. This essentially mean that the retail shop spaces are lease from LTA and does not belong to SMRT. Therefore, upon the returning of the rail and train assest to LTA(Gov), the retail shops will be return to the LTA(Gov) for free in fact SMRT will need to pay LTA to take back the shops in its current state(if LTA acts like...say Mapletree reits). Now why do I say that? Eg.I own commercial space which I lease out at "good will" rent price, now I want to take the space back, I will have to either conpensate you the balance of the "good will" rental or I can wait for the lease to expire. Here comes the good part..... upon returning of the commercial spaces, I have the right (as the owner) to ask you to rectify the structures (meaning to return the commercial space back to me in its initial state), meaning the person who rented my space will have to spend (in SMRT case) 10s to 100s of millions to do the rectification...... Siwomp      ( Date: 26-May-2014 09:34) Posted: Extracted from the report of FY2013 "On 1 April 1998, SMRT Trains purchased the NSEWL operating assets from LTA for approximately $1.2 billion. These assets include trains, permanent way vehicles, power supply equipment and cabling, supervisory control system, escalators and lifts, platform screen doors, environmental control system, electrical services and fire protection system, signalling system, communication system, automatic fare collection system and depot workshop equipment. LTA provided an asset-related grant of $480 million to assist SMRT Trains in its purchase of these assets, which is being amortised by recognising it as deferred income over the life of the relevant assets. SMRT Trains had fully paid for the NSEWL operating assets in five equal annual instalments by April 2002. While SMRT Trains owns and maintains the operating assets, the infrastructure of the NSEWL (which includes tunnels, tracks, viaducts and station structures) remains the property of LTA and is leased to SMRT Trains at a nominal annual fee or such other amount which LTA may stipulate in the future on the first working day of each calendar year during the term of the lease." Siwomp      ( Date: 26-May-2014 09:28) Posted: Thanks. Going to see see now....Huat Ah
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khairsy Veteran	26-May-2014 09:43        khairsy About Contact  Quote this Post!
x 0   x 0  Alert Admin	price dropping?? enjoylife77      ( Date: 26-May-2014 09:40) Posted: Now LTA is buying back the balance of the lease. You can  read analyst  research at  .    OCBCresearch.com. Siwomp      ( Date: 26-May-2014 09:34) Posted: Extracted from the report of FY2013 "On 1 April 1998, SMRT Trains purchased the NSEWL operating assets from LTA for approximately $1.2 billion. These assets include trains, permanent way vehicles, power supply equipment and cabling, supervisory control system, escalators and lifts, platform screen doors, environmental control system, electrical services and fire protection system, signalling system, communication system, automatic fare collection system and depot workshop equipment. LTA provided an asset-related grant of $480 million to assist SMRT Trains in its purchase of these assets, which is being amortised by recognising it as deferred income over the life of the relevant assets. SMRT Trains had fully paid for the NSEWL operating assets in five equal annual instalments by April 2002. While SMRT Trains owns and maintains the operating assets, the infrastructure of the NSEWL (which includes tunnels, tracks, viaducts and station structures) remains the property of LTA and is leased to SMRT Trains at a nominal annual fee or such other amount which LTA may stipulate in the future on the first working day of each calendar year during the term of the lease.
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enjoylife77 Veteran	26-May-2014 09:40        enjoylife77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Now LTA is buying back the balance of the lease. You can  read analyst  research at  .    OCBCresearch.com. Siwomp      ( Date: 26-May-2014 09:34) Posted: Extracted from the report of FY2013 "On 1 April 1998, SMRT Trains purchased the NSEWL operating assets from LTA for approximately $1.2 billion. These assets include trains, permanent way vehicles, power supply equipment and cabling, supervisory control system, escalators and lifts, platform screen doors, environmental control system, electrical services and fire protection system, signalling system, communication system, automatic fare collection system and depot workshop equipment. LTA provided an asset-related grant of $480 million to assist SMRT Trains in its purchase of these assets, which is being amortised by recognising it as deferred income over the life of the relevant assets. SMRT Trains had fully paid for the NSEWL operating assets in five equal annual instalments by April 2002. While SMRT Trains owns and maintains the operating assets, the infrastructure of the NSEWL (which includes tunnels, tracks, viaducts and station structures) remains the property of LTA and is leased to SMRT Trains at a nominal annual fee or such other amount which LTA may stipulate in the future on the first working day of each calendar year during the term of the lease." Siwomp      ( Date: 26-May-2014 09:28) Posted: Thanks. Going to see see now....Huat Ah
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lifeisgood Supreme	26-May-2014 09:39        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	So LTA " half sell -  half give,  半 卖 半 送 " to SMRT. Siwomp      ( Date: 26-May-2014 09:34) Posted: Extracted from the report of FY2013 "On 1 April 1998, SMRT Trains purchased the NSEWL operating assets from LTA for approximately $1.2 billion. These assets include trains, permanent way vehicles, power supply equipment and cabling, supervisory control system, escalators and lifts, platform screen doors, environmental control system, electrical services and fire protection system, signalling system, communication system, automatic fare collection system and depot workshop equipment. LTA provided an asset-related grant of $480 million to assist SMRT Trains in its purchase of these assets, which is being amortised by recognising it as deferred income over the life of the relevant assets. SMRT Trains had fully paid for the NSEWL operating assets in five equal annual instalments by April 2002. While SMRT Trains owns and maintains the operating assets, the infrastructure of the NSEWL (which includes tunnels, tracks, viaducts and station structures) remains the property of LTA and is leased to SMRT Trains at a nominal annual fee or such other amount which LTA may stipulate in the future on the first working day of each calendar year during the term of the lease." Siwomp      ( Date: 26-May-2014 09:28) Posted: Thanks. Going to see see now....Huat Ah
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Siwomp Supreme	26-May-2014 09:34        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Extracted from the report of FY2013 "On 1 April 1998, SMRT Trains purchased the NSEWL operating assets from LTA for approximately $1.2 billion. These assets include trains, permanent way vehicles, power supply equipment and cabling, supervisory control system, escalators and lifts, platform screen doors, environmental control system, electrical services and fire protection system, signalling system, communication system, automatic fare collection system and depot workshop equipment. LTA provided an asset-related grant of $480 million to assist SMRT Trains in its purchase of these assets, which is being amortised by recognising it as deferred income over the life of the relevant assets. SMRT Trains had fully paid for the NSEWL operating assets in five equal annual instalments by April 2002. While SMRT Trains owns and maintains the operating assets, the infrastructure of the NSEWL (which includes tunnels, tracks, viaducts and station structures) remains the property of LTA and is leased to SMRT Trains at a nominal annual fee or such other amount which LTA may stipulate in the future on the first working day of each calendar year during the term of the lease." Siwomp      ( Date: 26-May-2014 09:28) Posted: Thanks. Going to see see now....Huat Ah! enjoylife77      ( Date: 26-May-2014 09:24) Posted: You can access it through the SMRT.com.sg financial report under asset
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lifeisgood Supreme	26-May-2014 09:33        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	What about the $600 million plus CAPEX SMRT recently spent? Siwomp      ( Date: 26-May-2014 09:28) Posted: Thanks. Going to see see now....Huat Ah! enjoylife77      ( Date: 26-May-2014 09:24) Posted: You can access it through the SMRT.com.sg financial report under asset
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Siwomp Supreme	26-May-2014 09:28        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks. Going to see see now....Huat Ah! enjoylife77      ( Date: 26-May-2014 09:24) Posted: You can access it through the SMRT.com.sg financial report under asset Siwomp      ( Date: 26-May-2014 09:18) Posted: As far as my dyodd goes, the rail and the initial trains were given to SMRT. If the assets were sold to SMRT as you said, please advise me on where I can access the records. Thanks
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lifeisgood Supreme	26-May-2014 09:24        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	This round if it breaks above $1.50, Kim Eng shortists will have to chase. No choice. ascend88      ( Date: 26-May-2014 09:22) Posted: 149 eaten all up...     khairsy      ( Date: 26-May-2014 09:15) Posted: One HUGE wall at 1.49. Break them pls
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khairsy Veteran	26-May-2014 09:24        khairsy About Contact  Quote this Post!
x 0   x 0  Alert Admin	now let' s break past 1.50!!! ascend88      ( Date: 26-May-2014 09:22) Posted: 149 eaten all up...     khairsy      ( Date: 26-May-2014 09:15) Posted: One HUGE wall at 1.49. Break them pls
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enjoylife77 Veteran	26-May-2014 09:24        enjoylife77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You can access it through the SMRT.com.sg financial report under asset Siwomp      ( Date: 26-May-2014 09:18) Posted: As far as my dyodd goes, the rail and the initial trains were given to SMRT. If the assets were sold to SMRT as you said, please advise me on where I can access the records. Thanks. enjoylife77      ( Date: 25-May-2014 08:08) Posted: Not given   but SOLD to SMRT  and SBST. Now govt is buying back the balance of the lease.
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