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Hyflux
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Trader130
Supreme |
01-Apr-2019 10:39
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That is why i decided to withdrawn all my unit trusts $$$ and put back into special account ... I Guess Recession might affect my unit trust profit ... Get out and I will get a stable 4%   annually .. Age catching up, need to do it early or will be more boLui in future.. 贪 害 人 啊
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joker123
Senior |
01-Apr-2019 10:28
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I think a lot of investor need to be aware 1) the interest of Hyflux bond is consider VERY high and those who says they bought based on STRATEGIC ASSET is all lying. and why dont they put into FD for Risk Free and also into the CPF SA account. They choose to withdraw and they should know the risk. Governemtn should not set a precedence. The protest was similar to the Lehman brother Minibonds and its a joke to see some elderly buying after they got burnt by the LEHMAN and now using the same tactics. Have they not learnt the lesson. Rule number 1 1) When you are reaching 60, you know time is not on your side, you should keep your saving in 100% RISK FREE. and theose elders are educated, some worked as nurses and claiming they have no knowledge in investment is a JOKE. They have been enjoying the coupon rates for so long. 2) I remember i meant an elderly and told her on the endownment plan. this elderly told me that insurance company interest are PEANUTS compare to these BONDS, so why are they not blaming themselves. Typical Singaporean attitude. - ALWAYS Blames Others before themselves.  
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joker123
Senior |
01-Apr-2019 01:07
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Oliva Lum where is She ? Suffer the same fate as Richard (Noble) Both bring down a Blue CHIP Company | ||||
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starnova
Member |
01-Apr-2019 00:47
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Thanks. I totally agree! Better to have justice served than being a beggar!
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Stephenchow
Veteran |
31-Mar-2019 22:36
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Support you. They have eaten all the meat and now throw back a few bones at us and expect us to pick up the bones. Sorry, we' re not beggars..
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des_khor
Supreme |
31-Mar-2019 22:15
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Brokage fee higher than value of share !!
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Starship
Supreme |
31-Mar-2019 21:49
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Hyflux rebuts statements by SM Investments in SGX filing SUN, MAR 31, 2019 - 6:49 PM HYFLUX rebutted earlier statements made by Salim-Medco consortium SM Investments, in a filing to the Singapore Exchange on Saturday night. The troubled water treatment firm said that it did not withhold material information from the Indonesian white knight, and that despite queries posed by the company, SM Investments had not explained how any of the information it has sought to rely on would necessitate a revision of its assessment of the working capital needs of the company. Hyflux also said that SM Investments, in objecting to the global cash settlement figure of S$272 million under the schemes for the first time on 7 March 2019, had sought to rely on information it had been provided more than two months ago on 3 January 2019. The water treatment firm said that it disagrees with &ldquo belated allegations&rdquo by the investor on several points. Among those include statements by SM Investments that the allocation set out in the schemes of arrangements proposed by Hyflux is not agreed and hence do not satisfy the conditions of the restructuring agreement. Hyflux said that the company and the investor had agreed on the economic parameters, including the aggregate cash allocation of the investor&rsquo s investment, for the settlement of the stipulated financial obligations under the restructuring agreement prior to the publication of the schemes on 16 February 2019. The firm also said that it disagrees with SM Investments&rsquo previous statements concerning &ldquo new material information&rdquo of which it allegedly &ldquo recently become aware&rdquo and that it should have been &ldquo disclosed earlier&rdquo . Hyflux said that the bulk of the information which SM Investments seeks to reply on to renegotiate the agreed economic terms was provided to them on 3 January 2019, while the first time that it stated that it did not agree with the terms was in a letter dated 7 March 2019. The company said that it was &ldquo surprised by this sudden position&rdquo taken by SM Investments. On Saturday, more than 100 retail investors of Hyflux perpetual securities and preference shareholders held a protest at Hong Lim Park against the company&rsquo s restructuring plan and recent developments involving the water treatment firm. Hyflux&rsquo s restructuring plan, which will be put to a vote by creditors on April 5, was denounced by some protesters at the rally as a &ldquo beggar deal&rdquo . However, if SM Investments does not step up and Tuaspring&rsquo s defaults are not cured by April 30, the Public Utilities Board has the right to take the Tuaspring desalination plant for zero dollars. https://www.businesstimes.com.sg/companies-markets/hyflux-rebuts-statements-by-sm-investments-in-sgx-filing |
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starnova
Member |
31-Mar-2019 21:30
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People like you just like to act smart. Do make any assumption and speak for people. I am one of the holder! You don't know exact situation and how many of us feel. For sure you don't invest it in. So stop making assumption and just shut up!
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Ximi88
Member |
31-Mar-2019 18:09
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Every single cent counts for retirees. I doubt you own any perp or pref shares. So it costs you nothing to suggest bankruptcy.
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starnova
Member |
31-Mar-2019 17:25
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Usually, there will be a temp counter create to sell the odd lot. But not sure if it worth the selling if you include brokerage fee, etc..
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des_khor
Supreme |
31-Mar-2019 17:13
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Allotted with odd number and how to sell in the market ?
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des_khor
Supreme |
31-Mar-2019 17:11
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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OIC ... he should let everyone know early !
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starnova
Member |
31-Mar-2019 17:10
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Only 3% is in cash and 7% in shares. Doubt that the shares will worth anything. Is like telling people to forgo the investment and get 3% as the return. Might as well go for 0% and file for bankruptcy.
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ysh2006
Supreme |
31-Mar-2019 17:00
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If small shareholders won"t get anything than maybe big fish like Maybank get nothing if file for bankrupt is it ? Than everybody get zero fair and square ...
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Starship
Supreme |
31-Mar-2019 16:59
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It' s not me. Its Donovan Norfolk Ang. Not sure whether we allowed to post such links here, but here goes: https://www.facebook.com/donovan.ang.5
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Ximi88
Member |
31-Mar-2019 16:49
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The restructuring proposal is supposingly to help retail investors to get a 10% recovery. Whoever advocates a NO vote to the restructuring, does he have a better plan? Hyflux is at the end of its road (走 头 无 路 ), a  NO vote will push Hyflux to file for bankruptcy, and whatever monies left will go to the senior debt holders, leaving retail investors with nothing. To begin with, retail investors may not even get to vote for the restructuring deal as it looks like Salim is going to pull out of the deal. |
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des_khor
Supreme |
31-Mar-2019 16:40
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Common shares holder are the Hyflux boss which borrow money from pef holders ...
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des_khor
Supreme |
31-Mar-2019 16:38
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Nobody know you le ???
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Starship
Supreme |
31-Mar-2019 16:34
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Our world-famous Donovan Norfolk posted this 7 hrs ago ....................... < < My fore-warnings of 2015 and 2016 turned true: Hyflux owes investors S$900 million SGD > > : If you had followed my analyses over the past many years, you would had learnt from me that in a rising rates environment, utility companies such as power generation companies, water related companies and telcos would do badly because they are often high capital intensive and high debts which worsen under rising interest rates. If you had followed my Hyflux analyses, on 17 March 2015, I called for a strong sell get-out from Hyflux at above $0.84 a share, based on volume analysis that smart monies are out, only fools are in. On 25 May 2016, I further raised the red flag that in a low interest rates environment of near zero, for Hyflux to borrow massively at 6% per annum through bonds means that the company is in bad shape, desperate for money, will run into future trouble, and may even be in bad books with the banks. Now, these investors who did not heed my red flag warnings or ever had a chance to follow my analyses, they lost S$900m SGD for naivety and stupidity. Failure to Logic is costly. I feel sad for them and my heart goes out to them. |
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laksaman57
Supreme |
31-Mar-2019 16:17
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What happened, should not have happened, especially in whiter than white sgp. No ?
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