| Latest Forum Topics / Asian Pay TV Tr |
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Asian Pay Tv Tr
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TenPips
Veteran |
19-May-2017 09:41
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0.58. Patience paid off. Don' t know how many percentage gains already, not forgetting the quarterly 12 - 14% dividened.  Good thing that many people didn' t know the unque TV structure in Taiwan and was misled to sell. |
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TMW1986
Master |
19-May-2017 09:20
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Wow 57.5 cents. Congrats all who holding. Huat big big.
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bishan22
Supreme |
19-May-2017 09:19
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Top volume today.... yippy yah......  | ||||
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Upz123
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19-May-2017 09:18
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Amazing... Excellent div + good capital gain. Wish all my other stocks can perform like this .. Life will be so good.  Heehee
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TMW1986
Master |
19-May-2017 09:12
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Huat to those who are holding. Congrats. Big money.
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bishan22
Supreme |
19-May-2017 09:10
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Can smell 59 in days to come..... Huat huat.... | ||||
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Morello
Veteran |
17-May-2017 16:30
Yells: "In it for the long haul" |
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Phillip Capital TP....dividends along the way wud b bonus
Maintain BUY rating with target price unchanged at S$0.64 We maintain our BUY recommendation with an unchanged target price. The adjustments
to our earnings are non - cash and do not materially affect our valuations.
We find APTVdividendsattractive and sustainable. It operates a monopolistic business where revenues
are recurrent and barriers to entry high.
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TenPips
Veteran |
17-May-2017 15:13
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Creeping up slow and steadily. Good uptrend.  | ||||
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Upz123
Senior |
16-May-2017 09:06
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From Phillip ...TP 0.64    :)
Asian Pay Television Trust - Still a 12% yield and paid quarterly Recommendation: Buy (Maintained), Last Close Price: S$0.55 Target Price: $0.64, Analyst: Paul Chew ·             1Q17 revenue and EBITDA were within our estimates. However, several non-cash items negatively affected headline earnings, namely FX and derivative loss. Both were the result of a stronger Taiwan dollar ·             We are lowering our earnings by 18% to incorporate these non-cash items. No change to our cash-flow assumptions or target price. ·             Dividend guidance of 6.5 cents annually (paid 1.625 cents per quarter) has been maintained
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cobrajr
Veteran |
12-May-2017 17:22
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Short break now up again yaay. Lucky up my stake tis morning
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jeremyow
Master |
12-May-2017 14:30
Yells: "Passionate business investor" |
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Haha! I am very patient one. I have waited before for up to two years before I invested in certain companies " waiting for the right pitch" as first said by Ted Williams, a late famous baseball player who only swung his bat at high probablility pitches when the odds are for him and this phrase is also used by Warren Buffett. And by " waiting for the right pitch" , it has certainly paid off well for me in those investments I have waited patiently to enter and build large positions in. Of course, don' t get me wrong in that one only waits for the right undervalued price to buy a stock. My waiting is not based on price alone but value. Once I see value when I compare the market traded price to the intrinsic value of the shares, I will whack. Otherwise, just sit back and relax as there are still opportunities out there of value which can present itself in other companies if one always keeps a keen look out.  Now, I am still patiently waiting to see APTT' s ongoing progress for the rest of this year. I am ok to miss it at current price if the unit price should rise. No hurry for me. If the unit price should increase giving a lower 8 to 10% distribution yield sometime down the road, I am ok to take action at a later time as long as their fundamentals have shown sustained improvement on stable growth this year and next. But, please do form your own independent opinions and actions. My sharings are never to influence decisions but are open for discussions, education and learning for readers as well as me too.    
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feedfrenzy
Veteran |
12-May-2017 14:22
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In general those who kept asking what is dividends what is DPU etc. if they had scroll down, they would have seen it someone asked like a few hours ago and another guy just asked the same question zzz. If you are a concern shareholder, just go sgx to dig out the numbers. I think its a norm these days for people to ask without helping themselves first.
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TenPips
Veteran |
12-May-2017 14:13
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Not to forget further 0.3% drop in interest rate, just because of who the parent now is. I expect more good things to come, brought about by connection and experience of established Taiwan-based parent company vs Macquarie (australian-owned?).
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Just4win
Supreme |
12-May-2017 14:06
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U are not vested yet arh? Admire your patience!  |
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jeremyow
Master |
12-May-2017 14:02
Yells: "Passionate business investor" |
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Just4win
Supreme |
12-May-2017 13:59
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Thanks Jeremyow, for your analysis n sharing. Much appreciated. I am not expecting a fantastic result. So long the company can maintain their performance, and able to continue to give dividends, then I am satisfied.   12%   dividends is very attractive . As the mgmt has assured us, 2017 is no problem . It is the subsequent years that we need to assess the risk. So, any improvement as compared to 2016, is a step moving away from the risk. 
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Just4win
Supreme |
12-May-2017 13:50
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Who are u scolding arh? 
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jeremyow
Master |
12-May-2017 13:46
Yells: "Passionate business investor" |
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APTT delivered a set of stable operating results for 1Q 2017. It is not excitingly fantastic so to speak but reasonably acceptable. The revenue in constant Taiwan dollars for 1Q 2017 was 1.4% lower than the prior corresponding period (pcp). Foreign exchange contributed to the revenue in Singapore dollars to be 6.1% higher than pcp.  For its Basic Cable TV division in constant Taiwan dollars, subscription revenue was marginally lower than pcp due to a marginally lower Basic Cable TV rate in one of TBC' s five franchise areas. Its non-subscription revenue was marginally lower than pcp due to lower air-time advertising sales.   For its Premium Digital Cable TV division in constant Taiwan dollars, revenue was marginally higher than pcp. Revenue generating units (RGU) have increased while average revenue per user (ARPU) was lower than pervious quarter ended Dec 16. The lower ARPU was due to promotions and discounted bundled packages offered to generate new subscriptions while retaining existing RGUs. For its Broadband division in constant Taiwan dollars, revenue was marginally lower than pcp. RGUs remained unchanged while ARPU was lower compared to previous quarter ended Dec 16. The lower ARPU was  due to promotions and discounted bundled packages offered to generate new subscriptions while retaining existing RGUs. For its capital expenditure, it is 10% higher than pcp due to higher capital expenditure incurred on their premium digital cable TV growth and maintenance capital expenditure, offset by lower other capital expenditure. For its borrowing facilities, the new revised facilities have substantially lower arrangement fees than previous facilities. The interest margin for the new revised facilities is also substantially lower than previous facilities. Following the new revised facilities, it will satisfy APTT' s borrowing needs through to 2019.   The ARPU for all its three divisions Basic Cable TV, Premium Digital Cable TV and Broadband have seen marginal decreases over the past one year. The RGUs across all its three divisions have seen marginal growth over the past one year. There is no more committed capital expenditure for network expansion this year while there is a committed capital expenditure of SGD50 to 55 millions for permium digital cable TV expansion and upgrading this year. Beyond this year 2017, there is no expected capital expenditures in these two projects.  On the balance sheet, even though current liabilities is more than current assets, APTT has the adequate working capital to fulfill its current liabilities due to the the existing debt facilites and cash and cash equivalents it can use.  On the cashflows for 1Q 17, APTT' s operating cashflows is 9.4% higher than 1Q 16. APPT' s capital expenditure for 1Q 17 is 29.7% lower than 1Q16. However, the cash outflows for interest and finance costs paid for 1Q 17 has increased by 10% over 1Q 16. Taken together for its overall net cashflows, there is a net increase in cash and cash equivalents for 1Q 17 an improvement over 1Q16 which saw a net decrease in cash and cash equivalents.   In summary and conclusion, APTT' s 1Q 17 results potrayed a stable set of operating results. It is not something too fantastic to scream about but nevertheless is reasonably acceptable. From the trend of its ARPU which has seen a marginal decrease over the past one year while its RGUs has seen a marginal increase, we can see that even though there are marginal increasing subscriber base for all its three divisions, ARPU has come under pressure. It even needed to roll out promotions and discounted bundled packages to generate new subscriptions and retain existing RGUs for its Premium Digital Cable TV and Broadband divisions. This could suggest competition is hot in these two markets. But nevertheless, APTT has done a good job in stablising the monthly churn rates for all their three divisions which are stable without any increase in monthly churn rates over the past one year.  APTT has also committed a distribution guidance of 6.5 cents this year same as last year in forecast that their operating results should continue to remain stable and healthy for the rest of this year.  As of current traded price of $0.535 per unit, a 6.5 cents of distribution this year translate to a distribution yield of 12.1% this year. If APTT is able to further improve their overall operating results and cashflows for this full year as compared to last year, expect more upside to its unit price in future as an attractive distribution yield of 12.1% on improving operating results and cashflows can only raise the traded unit price going forward.  Continue to watch their next quarter' s business and financial results to be updated on their current progress especially now that the manager is taken over with incoming veteran in this industry, Mr Lu joining on board as Vice-Chairman and largest shareholder and newly appointed CEO from within the organisation. 
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feedfrenzy
Veteran |
12-May-2017 13:21
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why are these people so lazy.. living off others... 
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TenPips
Veteran |
12-May-2017 13:07
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1.625 cents every 3 months. Next XD on 14 june.
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