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Slowly huat with this... Good movement. Most steady one
Now price already $1.01.🤑
Last:1.0 Vol:12533k 
+0.01
quietly moving up
gd luck dyodd
+0.01quietly moving up
gd luck dyodd
ozone2002 ( Date: 23-Jan-2020 09:42) Posted:
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Last:0.985 Vol:1633k
technicals look ripe for an entry
gd luck dyodd
technicals look ripe for an entry
gd luck dyodd
Tq bro,.. I agree with you on all you have said. I bought into Starhub too earlier, but immediately divested when they first announced a reduction in the divvy policy 2 years ago.
Actually,... pls correct me if I' m wrong in my thinking here : when bank loans are taken out,... whether the funds are used for sustaining dividends or used for capex or for working capital, etc,... it' s not important anymore, right ? It' s like the proverbial putting into which pocket to be used....
The right practice is more important in the first place,...
Actually,... pls correct me if I' m wrong in my thinking here : when bank loans are taken out,... whether the funds are used for sustaining dividends or used for capex or for working capital, etc,... it' s not important anymore, right ? It' s like the proverbial putting into which pocket to be used....
The right practice is more important in the first place,...
uiop1223 ( Date: 07-Dec-2019 15:59) Posted:
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Its possible for reits or even companies (eg starhub) to pay above net profit. You can see how they distribute dividends by looking at their cashflow sttms. Like in the case of mapletree GCC, they will be taking bank loan to distribute dividends while waiting for insurance claims for the riots in hk. In the long run, distributions should align with profits as it is seldom sustainable to just borrow money to pay as dividends instead of using the borrowed money for operations to earn more than the borrowing costs
Bros,... some calculations envisaged this afternoon... Netlink NBN pays out dpu twice a year, ie,...
1) dpus for Q1 and Q2 will be paid out in Q3.
2) dpus for Q3 and Q4 will be paid out in Q1 of the following Financial Year.
Let' s take 2) above as eg for my following workout ! Refer to the respective Consolidated Statement of Cash Flows.
For Q3FY19.
Net cash from operating activities = 61.644mil
Purchase of property, plant and equipment = 17.655mil
Hence, estd free cash flow = 43.989mil.
For Q4FY19.
Net cash from operating activities = 60.834mil
Purchase of property, plant and equipment = 14.042mil
Hence, estd free cash flow = 46.792mil.
Total Distribution paid-out in Q1FY20 = 95.085mil.
Looks like the Distribution paid-out (95.085mil) is MORE than the total free cash flow generated from Q3FY19 (43.989mil) and Q4FY19 (46.792mil). Netlink paid out an excess of 4.304mil.
Forummers can keep track using my formula and tracking mechanism in the above.
1) dpus for Q1 and Q2 will be paid out in Q3.
2) dpus for Q3 and Q4 will be paid out in Q1 of the following Financial Year.
Let' s take 2) above as eg for my following workout ! Refer to the respective Consolidated Statement of Cash Flows.
For Q3FY19.
Net cash from operating activities = 61.644mil
Purchase of property, plant and equipment = 17.655mil
Hence, estd free cash flow = 43.989mil.
For Q4FY19.
Net cash from operating activities = 60.834mil
Purchase of property, plant and equipment = 14.042mil
Hence, estd free cash flow = 46.792mil.
Total Distribution paid-out in Q1FY20 = 95.085mil.
Looks like the Distribution paid-out (95.085mil) is MORE than the total free cash flow generated from Q3FY19 (43.989mil) and Q4FY19 (46.792mil). Netlink paid out an excess of 4.304mil.
Forummers can keep track using my formula and tracking mechanism in the above.
No worry. Just take it easy.
chengwh1 ( Date: 05-Nov-2019 13:40) Posted:
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Now everyone is rushing this to buy. Before 5G start... Whack it hard... Stable and slowly.
Subaru2018 ( Date: 05-Nov-2019 09:58) Posted:
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Tq bro,... well,... I' m a bit tired to type more here,... but if you can spare sometime to look at some debates I did over the weekend at the Eagle Hospitality Trust thread,.. I do have some detailed explanations there to back-up this instrument.
Subaru2018 ( Date: 04-Nov-2019 18:06) Posted:
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Have to apologise, didnt know that this is so in demand.
Many funds are parking in this ...
Many funds are parking in this ...
Subaru2018 ( Date: 02-Nov-2019 16:25) Posted:
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In accounting, the term "Profit or NPI " means that after deducting all expenses and exceptional item, the entity is making profit from the income/sales collected (NPI in other word) , where as the opp is losses.
Anyway, if the income can not pay off the expenses, there will be no profit or NPI .(he cash flow from operating should be negative). how are you going to decide how much dpu to distribute ??? 90% of losses ?? Usually if u look carefully, the bank loans to REITs are usually used to finance asset purchase, hardly for operation.
2) So far, i saw in reports mostly banks loan is for refinance existing loans, not for REIT to distribute as dpu.
Maybe i never bought those reits that distribute bank loans to investors ? Can this kind of operation even sustainable ?
The more i think abt this, i think the reit mgr must be crazy to do this kind of insane thing. He might as well run away with the existing fund ....
Anyway, if the income can not pay off the expenses, there will be no profit or NPI .(he cash flow from operating should be negative). how are you going to decide how much dpu to distribute ??? 90% of losses ?? Usually if u look carefully, the bank loans to REITs are usually used to finance asset purchase, hardly for operation.
2) So far, i saw in reports mostly banks loan is for refinance existing loans, not for REIT to distribute as dpu.
Maybe i never bought those reits that distribute bank loans to investors ? Can this kind of operation even sustainable ?
The more i think abt this, i think the reit mgr must be crazy to do this kind of insane thing. He might as well run away with the existing fund ....
Bro,...morning,..replies to share with you :-
1) The model for a REIT is to give out at least 90% of its earnings as dpus. A REIT hs no profit, it' s only income is rental collection.
Banks will always loan to a REIT, because the properties it holds can be used security if necessary.
2) There will always be banks willing to loan to it, the interest rate is the question. REITs with lower credit ratings will only be able to borrow with higher interest rates. Otherwise, it will need to pare down its debt with an EFR.
1) The model for a REIT is to give out at least 90% of its earnings as dpus. A REIT hs no profit, it' s only income is rental collection.
Banks will always loan to a REIT, because the properties it holds can be used security if necessary.
2) There will always be banks willing to loan to it, the interest rate is the question. REITs with lower credit ratings will only be able to borrow with higher interest rates. Otherwise, it will need to pare down its debt with an EFR.
Subaru2018 ( Date: 03-Nov-2019 21:06) Posted:
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While not all reits are delivering, the same applies. Singpost made a very bad decision venturing into US mkt that bought its share from $1.5+ to $0.9.
Same for shares, u need to find quality reits. For instance, parkwaylife been delivering great returns to holders.
Same for shares, u need to find quality reits. For instance, parkwaylife been delivering great returns to holders.
Questions,
- for reits/b.trust, u distributed what u earned as dpu. If it is not profitable, why borrow money to give div ??? which bank will loan u ????
- can they even manage to borrow when their credit rating are downgraded ??
This is a very lousy ponzi scheme tht will not be able to con noobiee like me....
The usual way is to bundle the assets , inflated the value, ipo and sell it to you. Use yr money to give you that tiny wheeny div. After listed, the assets value might depreciated worse than expected or not generating enough income, its yr problem. Ex like HPH , sabana..etc..
- for reits/b.trust, u distributed what u earned as dpu. If it is not profitable, why borrow money to give div ??? which bank will loan u ????
- can they even manage to borrow when their credit rating are downgraded ??
This is a very lousy ponzi scheme tht will not be able to con noobiee like me....
The usual way is to bundle the assets , inflated the value, ipo and sell it to you. Use yr money to give you that tiny wheeny div. After listed, the assets value might depreciated worse than expected or not generating enough income, its yr problem. Ex like HPH , sabana..etc..
Ok, bro,... for Netlink NBN Trust' s narure of business, I will just look at the doc : Consolidated Statement of Cash Flows. Cash is used to pay our dividends, and this report in the sole report that talks abt this Cash.
Then I count in the most simple way possible by looking at the below :-
(1) net cash from operating activities, this being the main income in cash generated from the business activities of Netlink.
(2) capex requirement, this from the field : Purchase of property, plant and equipment. I will ignore the sale of these items because the sale proceeds will be very low, a company like Netlink will not be selling too many of their assets for obvious reasons.
Finally, I will take (1) minus (2) and from the result, see if this is able to payout our distributions. If not able to, then I will need to figure out where is the funds coming from to pay our distributions.
I would appreciate comments from others here as to the above methodology of mine. Is it too simple ?
For Keppel Infra Trust (KIT), being another business trust, I think they have more flexibility because KIT can always dispose assets if their cashflow risk increases !
Then I count in the most simple way possible by looking at the below :-
(1) net cash from operating activities, this being the main income in cash generated from the business activities of Netlink.
(2) capex requirement, this from the field : Purchase of property, plant and equipment. I will ignore the sale of these items because the sale proceeds will be very low, a company like Netlink will not be selling too many of their assets for obvious reasons.
Finally, I will take (1) minus (2) and from the result, see if this is able to payout our distributions. If not able to, then I will need to figure out where is the funds coming from to pay our distributions.
I would appreciate comments from others here as to the above methodology of mine. Is it too simple ?
For Keppel Infra Trust (KIT), being another business trust, I think they have more flexibility because KIT can always dispose assets if their cashflow risk increases !
Subaru2018 ( Date: 03-Nov-2019 10:11) Posted:
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This kind of saying has been there ever sinxe REIT/buz trust was introduced to sg.
chengwh1 ( Date: 03-Nov-2019 01:21) Posted:
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Tq bro for the reply,... hmm,.. there are actually certain analysts out there who think that NBN, being a business trust, is paying out dividend from loans and hence, would not be sustainable. I hoped to hear a bit of this, and some calculations from them,...so that we can discuss here.
Subaru2018 ( Date: 02-Nov-2019 20:43) Posted:
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This one is rocket without nobody know. Swee Swee... Strong and stable. Not surprise if get $1 above
haha, just kidding. Saw her post, she must be expecting some bros like you to give her 10 solid reasons to buy in...
But then this one has appreciated quite abit from 78cts to 93.5cts. Not much room for price upward, but will only be getting 5% div if thats good enouh for people.
But then this one has appreciated quite abit from 78cts to 93.5cts. Not much room for price upward, but will only be getting 5% div if thats good enouh for people.