| Latest Forum Topics / Hyflux Last:0.21 -- |
 Post Reply
|
|
Hyflux
|
|||||
|
Stephenchow
Veteran |
21-Jul-2019 14:09
|
||||
|
x 0
x 0 Alert Admin |
Long essay summarise into 2 sentences:- 1. High risk high return, no risk no return. 2. you sometimes win, sometimes lose From buying bonds from water treatment firm Hyflux to purchasing Bitcoin in early 2018, investors sometimes make mistakes. Many of them worry that the impact will last or that they won&rsquo t recover from their error. Learning from losses, though, can position investors well for the future. In an era of non-stop Tweets and Facebook posts as well as sharing of information on WhatsApp, it is remarkable that few people have admitted to losing money on their investments or making a mistake. Even well-known investment professionals usually talk about their successes and rarely admit mistakes. Losses do happen, though. Investors in Hyflux who bought some of the S$500 million worth of &ldquo perpetual&rdquo securities issued in 2016, for example, found out on 22 May last year that the company had applied to the High Court to begin a reorganisation, making their investments potentially worthless. Individuals who bought digital currency Bitcoin in December 2017, when the price was close to US$20,000 (around S$27,600) and forecasters expected it to reach US$100,000, were far poorer after it plummeted to US$3,756 a year later. And investors who purchased shares in property and hotel conglomerate City Developments at the start of last year lost 35 per cent by the end of the year, while investors who bought into palm oil company Golden Agri-Resources lost 33 per cent. Even renowned investors such as Warren Buffet makes mistakes. After he invested in food producer Kraft Heinz, for example, the price dropped by more than 50 per cent and his company lost more than US$4 billion. &ldquo We overpaid for Kraft,&rdquo Buffet told CNBC, in an understatement. There are plenty more examples as well. While the mistakes may be painful and can negatively affect anything from children&rsquo s education to retirement, it is more important to learn from them than to feel miserable. &ldquo What may separate the good investors from the ones who are less successful,&rdquo investment advisory firm Motley Fool observed, &ldquo is being able to learn from their mistakes. Continuing to invest even after having made mistakes could help an investor to more accurately identify their risk tolerance, as well as discover an investment style that works for them.&rdquo THREE-STEP PROCESS While it can be easy to focus on what went wrong after the value of an investment plummets and use that as an excuse to put your money into an ultra-safe savings account, that decision could be one of the worst decisions you could make. Whereas returns of less than 0.1 per cent on savings accounts won&rsquo t even allow you to keep up with inflation, investing in a diversified portfolio can earn you 5 per cent or more over the longer term. So, what do you need to do after a loss? Taking the following three steps can be beneficial. 1. Analyse your loss Look at the investment that has lost money and decide whether to keep it or sell it. Set your emotions aside, analyse the fundamentals of the investment, read reports from analysts and ask yourself whether you would still invest if you didn&rsquo t own it today. Then, decide how to proceed. Many times, it&rsquo s better to sell right away. Selling before it drops further, despite an emotional inclination to hold on in case it rallies back, can avoid further losses. Yet holding on can sometimes be a good strategy. Stansberry Pacific Research writer Whitney Tilson bought shares in Sodastream, whose machines turn tap water into sparking water, in 2014. &ldquo It turns out that I was much too early. The stock kept drifting lower for nearly two years! I was able to set aside my emotions and focus my analysis on the fundamentals, which remained strong. By the time I closed my funds in late 2017, it was up five times.&rdquo Your analysis should show you which path to take. 2. View the loss as a chance to learn Review your investing process to see what you can improve. Figure out whether your loss was caused by wrong assumptions about the market or incomplete information, for example, and decide what to do differently in the future. 3. Review your investment portfolio Examine your portfolio and decide whether to make any changes. You may review your exchange-traded funds (ETFs), shares, bonds, property or other investments to see whether you have too-risky assets that you should sell. You may also make sure that the portfolio is well-diversified, with at least 20-30 ETFs, shares and bonds &mdash to reduce the impact of a loss from any one investment in your portfolio. Ensuring that your portfolio has an appropriate mix of stocks, bonds and other investments for your investment time horizon and risk tolerance can position you well. If your portfolio does not match your profile or is too narrowly concentrated, you may review your holdings and use your new strategy to reallocate into new investments. It may also be helpful to put together a checklist that reminds you of the key points to consider before selecting an investment. While learning from a mistake is easier said than done, it is essential to detach yourself emotionally from your mistake and use it to learn. Once you have decided what to do with your loss-making investment and refined your broader approach to investing, you may use your new strategy to position yourself better for gains in the future. |
||||
| Useful To Me Not Useful To Me | |||||
|
Starship
Supreme |
17-Jul-2019 17:57
|
||||
|
x 0
x 0 Alert Admin |
Hyflux says S$535m rescue deal is Utico' s valuation deal still on the table WED, JUL 17, 2019 - 4:40 PM HYFLUX said on Wednesday that it has sought clarification from potential white knight Utico regarding a statement it had made on Tuesday valuing its rescue deal at S$535 million. In a regulatory update, the embattled water treatment company clarified that the S$300 million equity injection and S$100 million shareholder loan, along with Utico' s current intention to offer the cash equivalent of 4 per cent stake in the enlarged Utico group " has not changed" . These were the terms stated in a July 11 joint announcement by both Hyflux and UAE utility Utico, which said at the time that both parties were still working towards a binding agreement. Hyflux said that Utico had assessed the deal value of its proposed investment as S$535 million, further to discussions between Utico, relevant stakeholders and definitive agreements being entered into between both parties.This amount also assumes all approvals are obtained and the current commercial terms being negotiated with creditors are accepted. " The company is in continued talks with Utico and stakeholders and material developments will be announced on SGXNet as appropriate,&rdquo Hyflux added. On Tuesday, Utico said that the equity valuation of Hyflux is set at S$340 million and that the total deal value could be S$535 million, higher than an earlier failed deal of S$530 million that SM Investments (SMI) had proposed. Utico&rsquo s proposed investment, which is subject to regulatory and other approvals if the deal materialises, includes a S$400 million commitment to Hyflux to ensure it remains a going concern and also to grow the business, along with further commitment to the PNP shareholders. Hyflux will remain as a separate listed company with Utico owning 88 per cent, the Utico' s statement said. https://www.businesstimes.com.sg/companies-markets/hyflux-says-s535m-rescue-deal-is-uticos-valuation-deal-still-on-the-table |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Starship
Supreme |
17-Jul-2019 10:46
|
||||
|
x 0
x 0 Alert Admin |
Hyflux could get $535 mil lifeline from white knight Utico 16/07/2019, 6:57pm SINGAPORE (July 16): After months of high tension drama as it teetered on the brink of bankruptcy, Hyflux looks like it is finally going to be saved by a white knight investor. United Arab Emirates utilities group Utico FZC announced Tuesday it is buying an 88% stake in the debt-ridden water treatment firm for as much as $535 million. Utico also intends to offer the cash equivalent of a 4% stake in the enlarged Utico group plus additional cash payouts to the holders of preference shares and perpetual capital securities. According to Utico managing director Richard Menezes, this could see Hyflux&rsquo s perpetual securities and preference (PNP) shareholders receiving &ldquo 50% of their first $2,000 to $3,000 as well as a cascade and staggered deal to the rest, thus offering them options to exit and hope for full redemption&rdquo . https://www.theedgesingapore.com/news/companies-news/hyflux-get-535-mil-lifeline-white-knight-utico |
||||
| Useful To Me Not Useful To Me | |||||
|
Stephenchow
Veteran |
15-Jul-2019 22:48
|
||||
|
x 0
x 0 Alert Admin |
Maybank demands another S$33.6 million from Hyflux' s unit, over hedging dealMAYBANK has demanded payment of another S$33.6 million from Tuaspring, the subsidiary of the debt-ridden water treatment company Hyflux.
Hyflux in a regulatory filing on Monday announced that Malayan Banking (Maybank) had notified Tuaspring of the latter' s early termination of one of these hedging agreements dated Nov 22, 2013, pursuant to certain alleged events of default and termination events. Maybank had designated July 7 as the early termination date in respect of all outstanding transactions under the Nov 22, 2013 agreement. The bank issued a calculation statement to Tuaspring on July 12, asserting that the amount payable in respect of the early termination is S$33.6 million. The hedging agreement entered into was part of Tuaspring' s financing arrangements. Currency exchange fluctuations and interest rate movements directly impact the exposure under the hedging agreement. The amount demanded is on top of the S$509.1 million and US$44.5 million being sought by Maybank, as the latter two sums were drawn down under the term loan facilities and the cash cover for contingent liabilities respectively. National water agency PUB took over the loss-making Tuaspring desalination plant in May, following the termination of the Water Purchase Agreement (WPA) with Tuaspring. Hyflux' s debt moratorium ends on Aug 2. |
||||
| Useful To Me Not Useful To Me | |||||
|
Stephenchow
Veteran |
15-Jul-2019 22:42
|
||||
|
x 0
x 0 Alert Admin |
Equity contributions by shareholders of TuasOne Hyflux Ltd. (the &ldquo Company&rdquo ) refers to its announcement on 15 February 2019 in relation to the TuasOne Waste-to-Energy project (the " Project&rdquo ). Capitalised terms used herein shall have the same meanings as ascribed to them in the 15 February 2019 announcement. The Company wishes to update that MHIL has injected its additional equity commitment of approximately S$23 million ahead of time, pursuant to the shareholders&rsquo support agreement for TuasOne, as stated in the 15 February 2019 announcement. Accordingly, as at the date of this announcement, the total issued and paid-up share capital of TuasOne is S$116,422,580, comprising 116,422,580 ordinary shares, of which the Company owns 75% and MHIL owns 25%. The additional equity contribution will be deployed by TuasOne to finance the Project for the next few weeks (subject to the approval of the project finance lenders to the Project), while parties continue negotiations with the project finance lenders to the Project for the resumption of financing for completion of the Project. | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Stephenchow
Veteran |
15-Jul-2019 22:39
|
||||
|
x 0
x 0 Alert Admin |
What the heck is this, who should pay? PUB or the company? Notice by Malayan Banking Berhad in respect of a hedging agreement with Tuaspring Pte Ltd The Company refers to its announcement on 25 April 2019 in relation to the demand by Malayan Banking Berhad (&ldquo Maybank&rdquo ) on Tuaspring Pte Ltd (&ldquo Tuaspring&rdquo ) and reservation of rights by Maybank in respect of certain hedging agreements entered into as part of Tuaspring&rsquo s financing arrangements. The Company wishes to update that Maybank has notified Tuaspring of its early termination of one of these hedging agreements, namely, a 2002 ISDA Master Agreement between Maybank and Tuaspring dated 22 November 2013 (the 22 November 2013 ISDA Master Agreement), pursuant to certain alleged events of default and termination events. Maybank has designated 4 July 2019 as the early termination date (the &ldquo Early Termination Date&rdquo ) in respect of all outstanding transactions under the 22 November 2013 ISDA Master Agreement and has stated that as a consequence of the occurrence of such Early Termination Date: (a) No further payments or deliveries in respect of these transactions will be required to be made and (b) Maybank will determine the amount, if any, payable in respect of the Early Termination Date, pursuant to relevant clauses in the 22 November 2013 ISDA Master Agreement. Maybank has also issued a calculation statement to Tuaspring on 12 July 2019 asserting that the amount payable in respect of the Early Termination Date under the 22 November 2013 ISDA Master Agreement is S$33,600,133.33. The Company will make the appropriate announcements as and when there are any further material developments on the above matters. |
||||
| Useful To Me Not Useful To Me | |||||
|
AhLiang
Elite |
14-Jul-2019 21:01
|
||||
|
x 0
x 0 Alert Admin |
No problem reaching 90%. Just buy from her. I am sure she has the 2%.
But I think instead they will issue new shares for us to play. Costs per share will be higher than the 88% they pay.
|
||||
| Useful To Me Not Useful To Me | |||||
|
ysh2006
Supreme |
14-Jul-2019 19:17
|
||||
|
x 0
x 0 Alert Admin |
88 % cannot delist the company only majority say only....
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
investshare
Supreme |
14-Jul-2019 17:18
|
||||
|
x 0
x 0 Alert Admin |
It is not likely, it is definite delisting as public float would be less than 10% if restructuring goes through.
|
||||
| Useful To Me Not Useful To Me | |||||
|
BillionX
Senior |
14-Jul-2019 10:51
|
||||
|
x 0
x 0 Alert Admin |
The issue of a likely delisting should be raised when the EGM is called to vote on the rescue package. | ||||
| Useful To Me Not Useful To Me | |||||
|
Qanghoo
Supreme |
13-Jul-2019 22:56
|
||||
|
x 0
x 0 Alert Admin |
Haha. New Hyflux or New Noble? Maybe, it shd be re-named Noflux. All problems solved !!!!
|
||||
| Useful To Me Not Useful To Me | |||||
|
Starship
Supreme |
13-Jul-2019 15:14
|
||||
|
x 0
x 0 Alert Admin |
Both are Birds of a Feather. And Snake & Rat from the same Nest.....................    
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
AhLiang
Elite |
13-Jul-2019 13:54
|
||||
|
x 0
x 0 Alert Admin |
Sorry New Hyflux not New Noble. Too many of them and got mixed up.
|
||||
| Useful To Me Not Useful To Me | |||||
|
AhLiang
Elite |
13-Jul-2019 13:28
|
||||
|
x 0
x 0 Alert Admin |
If the deal is through the buyer will own 88% of the company. Does that mean he can either add 2 more percent to delist the company or issue more shares to huat big time? Best is not to touch the so-called New Noble. | ||||
| Useful To Me Not Useful To Me | |||||
|
investshare
Supreme |
13-Jul-2019 13:14
|
||||
|
x 0
x 0 Alert Admin |
Already warned you 3 years ago
|
||||
| Useful To Me Not Useful To Me | |||||
|
Stephenchow
Veteran |
12-Jul-2019 21:16
|
||||
|
x 0
x 0 Alert Admin |
Exisiting shareholders likely left with max. 12% share or may be only 8% depending on the on the company | ||||
| Useful To Me Not Useful To Me | |||||
|
Stephenchow
Veteran |
12-Jul-2019 21:13
|
||||
|
x 0
x 0 Alert Admin |
88% for S$300m, 100%= $340M 4%= $13.6M + additional cash to the holders of preference shares and perpetual capital securities Seems like the offer price already factored in lost of Tuaspring, unlikely to be better than Indo. Key concern will be whether the PNP still in the book or not. |
||||
| Useful To Me Not Useful To Me | |||||
|
chengwh1
Elite |
12-Jul-2019 17:21
|
||||
|
x 0
x 0 Alert Admin |
Based on the press reports, the following statements are impt : The proposed investment will see Utico invest in an 88% stake in Hyflux for an investment amount comprising $300 million as equity and $100 million as a shareholder loan. Utico has also informed Hyflux that intends to offer the cash equivalent of a 4% stake in the enlarged Utico group plus additional cash to the holders of preference shares and perpetual capital securities. So,... how much will the pref and perp holders be able to recover ? |
||||
| Useful To Me Not Useful To Me | |||||
|
runaway
Senior |
12-Jul-2019 06:12
|
||||
|
x 0
x 0 Alert Admin |
Yes, its a pity. One wrong bet in power plant is all it takes to bring down a company. There is this saying: 水 火 不 相 容 。 Hyfluxs core competence is water. Power Plant is fire. 犯 戒 ？ |
||||
| Useful To Me Not Useful To Me | |||||
|
pasttime
Supreme |
12-Jul-2019 00:08
Yells: "gold silver are real money. not others iou." |
||||
|
x 0
x 0 Alert Admin |
deal better then nothing. a pity that this water technology company in the right technology for a world wide shortage of water in the few years ahead is being sold for a song. potentially india, china, usa. water water everywhere not a drop to drink |
||||
| Useful To Me Not Useful To Me | |||||