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2% YIELD 8.2x PE - STRONG GROWTH IN 2014/15 BETTER
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like2learn
Veteran |
11-May-2019 15:56
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Keeping The Dream Alive - Freiheit
Tonight the rain is falling, Full of memories of people and places. And while the past is calling, In my fantasy I remember their faces. The hopes we had were much to high Way out of reach, but we have to try. The game will never be over, Because we' re keeping the dream alive. |
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Starship
Supreme |
11-May-2019 15:25
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Endgame.............................the Magical Flying Oyster to the rescue...........................    Hyflux says it could get up to S$500m from Oyster Bay Fund FRI, MAY 10, 2019 - 5:22 PM ANOTHER potential investor has deepened talks with Hyflux as the insolvent water treatment firm searches for fresh funds to stave off liquidation. Oyster Bay Fund Ltd, a global multi-strategy investment fund, is mulling an investment and has given Hyflux a non-binding letter of intent, the firm said on Friday. As an indication of its good faith and intent, the fund is prepared to buy preference and ordinary shares in HyfluxShop Holdings from the company for up to S$26 million, Hyflux said. If a definitive agreement is signed, this sum is expected to be used as working capital. Hyflux said it " envisions" an investment of up to S$500 million in the group by the fund, subject to regulatory clearance, due diligence and the execution of a definitive agreement. Hyflux said it " envisions" an investment of up to S$500 million in the group by the fund, subject to regulatory clearance, due diligence and the execution of a definitive agreement. Hyflux said on Friday: " The letter of intent (from Oyster Bay Fund) is stated to automatically terminate if a judicial manager or liquidator is appointed over the company." Hyflux also said on Friday that it is continuing to engage with other parties who have expressed an interest to invest in the group. Priority will be given to parties that are willing and able to provide interim funding and reach a binding agreement with the company within the shortest possible time, it added. https://www.businesstimes.com.sg/companies-markets/hyflux-says-it-could-get-up-to-s500m-from-oyster-bay-fund 
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Stephenchow
Veteran |
11-May-2019 12:42
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The letter of intent would automatically terminate if a judicial manager or liquidator is appointed Just don' t see why the guy can only talk to you exclusively and not the judicial manager after taking over unless you' re longer and bigger than Ang mo
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Stephenchow
Veteran |
11-May-2019 10:32
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Cry Wolf - Luna Shadow your tell tale heart baby
beating like a drum pounding out your chest now repeating on the one tear the floorboards baby do it just for fun because you buried it once now you' re digging it up and going down with the sun who' s gonna believe you?
one of these nights somebody' s gonna leave you no one' s gonna save you come the full moon who' s coming to the rescue?
what if tonight it' s running, gonna get you? no one' s gonna save you when you cry wolf |
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Stephenchow
Veteran |
11-May-2019 10:26
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Likely to be all races, starting from Indo, Arab, Ang Mo, Ah Tiong , Ah Leh and eventually Red Indian Apache from America Mediacorpse should shoot this into 1001 episode drama, really exciting. With her as leading actress, sure win
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Ximi88
Member |
11-May-2019 08:46
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If you alike Salim as a shark, with offer that will makan out the ikan bilis retail investors, you can alike the Oyster Bay Fund is a scavenger, eyeing for whatever leftover from Hyflux, in this case, it is probably the consumer business HyfluxShop. The fund puts it until very nice that it will pump in $26m to Hyflux as working capital. But for $26m, the fund gets the 30% ordinary shares and $20m 6% pref shares of HyfluxShop that Hyflux owns. Nobody in the right mind will touch Hyflux. What is the worse case scenario for the fund? It will walk away with HyfluxShop, which is probably the intent. The fund is trying to snatch up HyfluxShop now, so that it does not have to fight with other bidders during liquidation. 司 马 昭 之 心 路 人 皆 知 As Hyflux is under restructuring, it cannot dispose any asset. Meaning Hyflux cannot sell its ownership in HyfluxShop to Oyster Bay Fund. So in short, no deal.
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lukewong82
Master |
11-May-2019 08:41
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I suspect maybe when times up and there is no concrete action , then hyflux goes to court again and request another extension saying there is a china company willing to offer $600M. Then when that white knight also no action, then they go to court again and apply for another extension. Maybe 5 years later still trying to find a white knight.. hahaha .. time delaying tactics
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ysh2006
Supreme |
11-May-2019 08:21
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Wait till another white knight carry $600M from China than maybe can lah..
😙
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Leehonghng
Member |
11-May-2019 07:43
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Now we starts to get all sorts of B.S. stories from Hyflux 🤒 ? | ||||
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Stephenchow
Veteran |
10-May-2019 20:46
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Blue oyster bar - poke from behind bar from police academy
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lukewong82
Master |
10-May-2019 19:00
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I really dun see retail investors getting back 100% , without any haircut when there are more senior creditors infront. Somemore $500M is the same as Salim' s offer.. Even got hope, the offer will more or less be similar to Salim' s one where retail investors have to take a deep haircut or their pref shares become common shares and heavily dliuted. UNLESS the white knight is willing to repay ALL the debt, if not $400M, $500M more or less is the same as Salim' s one
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InvestSG
Member |
10-May-2019 17:54
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anyone remembers BLUE OYSTER CLUB?
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look@bright
Elite |
10-May-2019 17:02
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Looks like Hyflux has pull off another miracle.. Hope for all retail investors. | ||||
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look@bright
Elite |
10-May-2019 16:43
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LOL https://links.sgx.com/1.0.0/corporate-announcements/L3T7IUJN44077U94/f5566131ce8ce6242c94854a4bb5925bfc4355662efcc25f228074f4201d6d63 |
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destinykraze
Elite |
08-May-2019 11:58
Yells: "Reality is only a matter of perception" |
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The courts are prolonging the pain of all parties involved. Just a waste of time. | ||||
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zillion
Master |
08-May-2019 10:43
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Financial institutions that lend to companies can do a write off against their huge profits. All creditors must first submit their claims in order to make a provision for bad debts in their account. No financial institutions want a bankruptcy. Most cases are equity swaps after hair cuts. Then up to BBs to play up/down to get rid of whatever they are allocated and then close book and move on. There will be many stories and ' good' news during those period of relisting. | ||||
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ysh2006
Supreme |
08-May-2019 08:49
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Cat has nine lifes ,now only three times..
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Leehonghng
Member |
08-May-2019 07:36
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Hyflux will not under JM for the time being however, will you think they can live for another month or so? ❌ God bless! | ||||
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Stephenchow
Veteran |
07-May-2019 22:00
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SINGAPORE - Like a cat with nine lives, Hyflux has managed to fend off a bid by seven banks to start the legal process for having the troubled firm placed under judicial management. The High Court ruling on Tuesday evening (May 7) also extended the deadline for Hyflux' s debt moratorium with its creditors from May 24 to May 29. High Court Justice Aedit Abdullah said he won' t make any order (today) on whether the seven banks, which collectively hold $648.7 million of debt, will be allowed to start an action to put Hyflux and its Hydrochem Singapore under judicial management. But Hyflux was left under no illusion that it is on borrowed time. Justice Aedit told its lawyer that he will leave a sword hanging over (the firm' s) head, adding: I will be keeping the company on a tight leash, given that we have been at this for quite a period of time. Hyflux makes its case for extending the debt moratorium on May 29 but Justice Aedit was clear that it will not get an easy ride. A moratorium is meant to be a temporary institution to allow a company to put something together... but it doesn' t mean I can give a blank check for the moratorium going forward, he noted.
The moratorium is not likely to be as long as it used to be and I would attach conditions. These include disclosure of running costs of the company, including all of its restructuring efforts, and there be a timeline given to me of the expected completion of restructuring effort, leading up to a possible scheme application and some assurance of continuing engagement with various creditors, Justice Aedit said. The seven banks could still start an action for judicial management if Hyflux fails to make further headway in its restructuring efforts. Hyflux is racing to nail down a $400 million rescue deal with Utico, the largest utilities provider in the United Arab Emirates. Last month, it aborted a $530 million deal withIndonesian consortium SM Investments and is now fighting to claim a $38.9 million deposit from the entity. If the banks had prevailed on Tuesday, they could have asked the court on May 13 to place Hyflux and Hydrochem Singapore - its engineering, procurement and construction business - under judicial management. That court date has now been cancelled. |
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ysh2006
Supreme |
07-May-2019 21:41
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So get chance and hope again.Maybank need to wait again....BNP case see whether how she defence ?
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