| Latest Forum Topics / Hyflux Last:0.21 -- |
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Blumont- Objective discussion only.
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joker123
Senior |
05-Apr-2019 17:18
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I have long cash out of singapore dollars into the USD and gold, I am one that has no confidence in singapore long term future 1) Our people have lost out in every area to the FT , ask your self what kind of jobs can singaporean do ? Selling tissue / be a grab driver / Grab Food? look at the hawker stall owners, who are the owners 2) Singaporean are taking on more debts and those debts are not sustainable when companies are embracing to outsourcing model. Is your job secure 3) Our financial sector is in a mass. Over the pass years, we have fraud  in listed companies, MIDAS, Noble and who knows MAYBE Hyflux ? Still remember the penny stock crush, I really don' t know what is SGX doing  
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joker123
Senior |
05-Apr-2019 17:05
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Singapore reputation as a financial HUB IS DOOM 1) Retail investor have no more confident in SGX  2) Retail investor will no longer keen to bond subscription 3) Next stop, JOB CUTS and RETRENCHMENT IN FINANCIAL SECTOR. 4) Everyone is waiting for the next recession and when will it comes and when the Waves were to come and go, we shall know how many singaporeans are naked =)
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enjoylife77
Veteran |
05-Apr-2019 16:39
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16 warning signs of a company in trouble - a guide for retail investorsReport is by corporate governance advocate Mak Yuen Teen, NUS prof Richard Tan, and sponsored by accounting professional body CPA Australia
In today' s Business Times.  |
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john_ric
Supreme |
05-Apr-2019 16:05
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Quote:- " If there is someone who needs to be accountable, it would definitely be Olivia Lum.  ![]() I think not only did she mismanaged the company, she ' raided' the company reserved before filing for court protection. She was planning for her exit if Hyflux collapsed, leaving herself with a company which is worth $20 million. The company that I am referring to is Hyfluxshop. 
 
Just before filing for court protection, she did a dividend in specie by issuing shares of Hyfluxshop to Hyflux shareholders. After the issuance, she gains majority control of Hyfluxshop worth $20 million which essentially are money from the parent company, Hyflux. I only realized this when I came across a blog on this.
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joker123
Senior |
05-Apr-2019 12:15
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PUB was right to take TUASPring @ ZERO COST as this is in align with accounting practice. If the Assets is not generating revenue, company has to apply impairment and since TuasSpring is making losses, and based on the contract with PUB, PUB has the right to take over. In fact TUASSpring is a liability as it burn the available on hand cash . Hyflux should put up a figure of NTA if tuasping is being off loaded
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joker123
Senior |
05-Apr-2019 12:11
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There are many investor hurts in the S-Chip SAGA. What we need is to held those people accountable for the frauduant ACT. Every business comes with a risk. There is no 100% profitable business.    If you just think of your losses in Hyflux what about those who has losses in S-Chip or even in Tiger Airway or NOL. Deep in you mind what were you think ? What about their pain and losses. Please be more mature and learn to take up the responsbility , DO NOT INVEST WHEN YOU CANNOT AFFORT TO LOSE Yet WANT HIGH RETURN. BETTER BUY TOTO and 4D for you. Justlike the case of Noble, Let the Dust Settle and liquidate the company. Hyflux investor was offer a haircut yet they complain. They never complain when they get the coupon and feels that its their right to take such high coupon rate (Forgetting the risk) 
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joker123
Senior |
05-Apr-2019 12:03
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Do not curse or the curse might come back to you. That is what i believe in. I just hope everyone be realistic  1) Oliva shall be made accountable or even be jailed if there is any fraud found in the P& L 2) IF Hyflux fails due to its inability to operate effectively, shareholders needs to bear the outcome as they choose such management 3) Whatever is the case GOVT should NEVER Bail out Company as this lead to wrong impression / False Hope. 
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des_khor
Supreme |
05-Apr-2019 12:01
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Please la ... don?t Attack each other la ... pls respect each other instead !
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joker123
Senior |
05-Apr-2019 11:58
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Well... you think i never lose money before (who has never lose money before ), do not always curse others, but learn to live with the mistable and challenges you made. 
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Qanghoo
Supreme |
05-Apr-2019 11:45
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Then put biscuit bin where?  So, no risk?  Insure it?  Who gonna accept it?  Risk of AOG, being stolen, etc?  Who gonna put in biscuit bin these days?
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simplesimon
Member |
05-Apr-2019 11:43
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Well-said, one day this joker will meet his retribution when he get old,feeble and retired!
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joker123
Senior |
05-Apr-2019 11:33
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Even CPF got Risk, Can you take out before u GG ? Who knows if policy will change to withdrawal @ 75 years old ? HAHA. Better put money in the biscuit Bin
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joker123
Senior |
05-Apr-2019 11:27
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I AGREE. EVEN Warren Buffer will tell you that at times he make the wrong judgement but need to move on. Everyone needs to do their own risk assessment . NEVER RISK YOUR Retirement Funds .
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Trader130
Supreme |
05-Apr-2019 11:21
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Do homework before invest.. u know debt is high and still want to invest ... and not blame this and that Loh  | ||||
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marketuncle
Veteran |
05-Apr-2019 11:19
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Caveat emptor. High risk high returns and vice versa.. can' t outsource due diligence. Want mimimal risk for relatively high returns just top up CPF. :P
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joker123
Senior |
05-Apr-2019 11:09
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PAP cannot set the precedent  1) Hyflux is bailout, all failed companies Shareholders will use this same excuse " National Security" as reason
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des_khor
Supreme |
05-Apr-2019 11:07
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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One day your day will come too !
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joker123
Senior |
05-Apr-2019 10:47
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Lesson to all, If everyone were to keep thinking the only way is to invest in BLUE Chip with Government backing, is bound to make a big mistake 1) Which company in SGX has no debt. 2) Just look at the debt for capitalland, genting, keppel, sembcorp. 3) ALL BLUE chip has a higher debt than the small cap companies, people bought into these blue chip is based on the assumption that these company can service their debts, but they are WRONG. LOOK at how many Blue Chip company has failed. NO one can predict. The operating environment is getting more challenging, All i can say is Singapore companies is never able to compete in the Global arena . One by one all has failed and its just a matter of WHEN.... 
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joker123
Senior |
05-Apr-2019 10:35
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The only hope for all is to liquidate hyflux and put this SAGA to rest and let all these loser WAKE UP and MOVE ON .
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joker123
Senior |
05-Apr-2019 10:33
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May i know which college you are from? what is your english O level results? Lets me frank, Singaporean mindset has never changed . They has been brainwashed to think that they are still the GURU and laughing at the PRCs since the 1980s, and now what has happened, BUNCH OF LOSER. WAKE UP CALL FOR ALL. HYFLUX LOSER
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