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happyharvest Elite	17-Jul-2016 12:19        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	the previous CEO said sustainable as she cut on maintance. The current CEO said not sutainable as now they have pressured to improve on their maintance.  investshare      ( Date: 17-Jul-2016 11:59) Posted: The board has to answer this, if the current model is not sustainable, then why in the past it gave out huge dividend to shareholders.
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investshare Supreme	17-Jul-2016 11:59        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	The board has to answer this, if the current model is not sustainable, then why in the past it gave out huge dividend to shareholders.
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enjoylife77 Veteran	17-Jul-2016 01:28        enjoylife77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Average EBIT drop from 15% to 5%., I wonder how  will SMRT  mitigate the big fall to sustain the dividend payout.
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pinkowl Supreme	16-Jul-2016 23:27        pinkowl About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	Smrt has other business too. Cab, bus, retail, advertising etc. sheerluck      ( Date: 16-Jul-2016 19:24) Posted: So if based on 5% EBIT margin as a guideline on revenue of $1.3bil, SMRT EBIT will be about $65mil per year.  Their note interest is about $12.5mil so after deducting interest and tax, the NP is about $44mil.  If they payout 100%, then div will be abour 3cts.  At current price of $1.55, that' s about 2% yield which is half of what they used to paid. If fund seeks better yield, they will pull out of SMRT and go somewhere else. Also since under the NRFF, the lease is 15 years rather than 30 years, will PE adjust to reflect this? I don' t see any upside for SMRT more flat or downside.
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sg_investor Member	16-Jul-2016 19:38        sg_investor About Contact  Quote this Post!
x 0   x 0  Alert Admin	agree that singapore transport sectors dividend is really low.  why does MLPs can give high dividend?    sheerluck      ( Date: 16-Jul-2016 19:24) Posted: So if based on 5% EBIT margin as a guideline on revenue of $1.3bil, SMRT EBIT will be about $65mil per year.  Their note interest is about $12.5mil so after deducting interest and tax, the NP is about $44mil.  If they payout 100%, then div will be abour 3cts.  At current price of $1.55, that' s about 2% yield which is half of what they used to paid. If fund seeks better yield, they will pull out of SMRT and go somewhere else. Also since under the NRFF, the lease is 15 years rather than 30 years, will PE adjust to reflect this? I don' t see any upside for SMRT more flat or downside.
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sheerluck Supreme	16-Jul-2016 19:24        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	So if based on 5% EBIT margin as a guideline on revenue of $1.3bil, SMRT EBIT will be about $65mil per year.  Their note interest is about $12.5mil so after deducting interest and tax, the NP is about $44mil.  If they payout 100%, then div will be abour 3cts.  At current price of $1.55, that' s about 2% yield which is half of what they used to paid. If fund seeks better yield, they will pull out of SMRT and go somewhere else. Also since under the NRFF, the lease is 15 years rather than 30 years, will PE adjust to reflect this? I don' t see any upside for SMRT more flat or downside.
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spore1 Supreme	16-Jul-2016 17:42        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is it gd time to buy or otherwise .. edwinjup      ( Date: 15-Jul-2016 17:54) Posted: Mgt total salary how much?? enjoylife77      ( Date: 15-Jul-2016 17:51) Posted: Lta pay $991M deduct debt$762M deduct IRAS tax $159M Balance $70 M
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sengsk Elite	16-Jul-2016 17:27        sengsk About Contact  Quote this Post!
x 0   x 0  Alert Admin	Control by BB........   sg_investor      ( Date: 16-Jul-2016 16:07) Posted: The SBStransit volume was so thin though it went up 8%. Will it sustain?  What will happen to SMRT next week?
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sg_investor Member	16-Jul-2016 16:07        sg_investor About Contact  Quote this Post!
x 0   x 0  Alert Admin	The SBStransit volume was so thin though it went up 8%. Will it sustain?  What will happen to SMRT next week?
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brchkho1 Master	16-Jul-2016 12:53        brchkho1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sorry pl ignore earlier post. It s in the SMRT announcement brchkho1      ( Date: 16-Jul-2016 12:24) Posted: No point speculating sbout the impact. Let' s wait for the notice of EGM. The booklet will need to show shareholders about the assets to be sold and the impact too.
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brchkho1 Master	16-Jul-2016 12:24        brchkho1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No point speculating sbout the impact. Let' s wait for the notice of EGM. The booklet will need to show shareholders about the assets to be sold and the impact too.
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Qanghoo Supreme	16-Jul-2016 06:54        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually, viewing from another angle, they' ve just  happily  shifted the cost of funding to the govt.  By retiring nearly 1 bil of debt, imagine the annual interest costs saved .... around 50 mil a year, say, at around 5%+-?  How will the savings be appropriately deployed?  mrwise      ( Date: 15-Jul-2016 20:11) Posted: There should be better profits after being asset light.  This is a money making business where ppl uses more public transport nowadays. We should see further upsides on the stock value..
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k3n888 Member	16-Jul-2016 00:11        k3n888 About Contact  Quote this Post!
x 0   x 1  Alert Admin	my opinion, this should be good for SMRT.   This will give them enough cash to bid for the thompson-east coast line.   Which based on my estimate should be tendered out end of this year or next year.
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victortan Elite	15-Jul-2016 22:41        victortan About Contact  Quote this Post!
x 0   x 1  Alert Admin	not forgetting Ah Quek 2m, then got Ah Kong and Ah mah and many jiat laio bi kai kia inside, after all deduction left only 30c for edwinjuo and enjoylife77 to enjoy till 77 yrs old. congra.hehehe vested too,  edwinjup      ( Date: 15-Jul-2016 17:54) Posted: Mgt total salary how much?? enjoylife77      ( Date: 15-Jul-2016 17:51) Posted: Lta pay $991M deduct debt$762M deduct IRAS tax $159M Balance $70 M
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happyharvest Elite	15-Jul-2016 22:29        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	should be a step up increase until more rails construction is completed enjoylife77      ( Date: 15-Jul-2016 22:09) Posted: Adding over 700 staff for next 3 years is heavy wage bill.
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enjoylife77 Veteran	15-Jul-2016 22:09        enjoylife77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Adding over 700 staff for next 3 years is heavy wage bill.
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happyharvest Elite	15-Jul-2016 20:37        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree! http://tachartreading.bl ogspot.com/2016/06/smrt-corporation-ltd-technical-analysis.html mrwise      ( Date: 15-Jul-2016 20:11) Posted: There should be better profits after being asset light.  This is a money making business where ppl uses more public transport nowadays. We should see further upsides on the stock value..
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mrwise Supreme	15-Jul-2016 20:11        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	There should be better profits after being asset light.  This is a money making business where ppl uses more public transport nowadays. We should see further upsides on the stock value..
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Qanghoo Supreme	15-Jul-2016 18:12        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	But taking a longer term view, the framework will likely put the coy on a better footing to sustain profitability n I suspect while div will not be immediate, it must give shareholders greater confidence of incremental div in future yrs.  Fingers crossed.  Goldfinger      ( Date: 15-Jul-2016 17:38) Posted: Yah - sigh and sianz. So this is entirely a non-event. edchai      ( Date: 15-Jul-2016 17:19) Posted: Announcement made .... SMRT will not be using the proceeds from its asset sale to LTA to pay any dividend to shareholders.
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brchkho1 Master	15-Jul-2016 18:05        brchkho1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yet to read the news, all that are believed to be  referring to taking over the assets. What about the  fee to manage and run the train and bus services?  Wil those who read the news share, please.
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