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https://links.sgx.com/FileOpen/CourtDecision.ashx?App=Announcement& FileID=782788
What is this court case about? What is the impact on APTT?
What is this court case about? What is the impact on APTT?
Off hand can' t recall.
If not wrong, around 60 to 70+c.
Very unreliable number.
If not wrong, around 60 to 70+c.
Very unreliable number.
What was the NAV before?
pkli899 ( Date: 03-Jan-2024 10:43) Posted:
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Tks Alignment for reply.
Seems like got ppl supporting price.
Actaully not a bad thing to happen.
We will get the more correct NAV after this.
Seems like got ppl supporting price.
Actaully not a bad thing to happen.
We will get the more correct NAV after this.
Announcement of impairment to intangible assets.
Whilst an acknowledgement by management that things are now worse than they previously expected, one could argue they were behind the times anyway so this changes nothing. The stock was trading at such a discount to NAV - the market was clearly calling bs.
Whilst an acknowledgement by management that things are now worse than they previously expected, one could argue they were behind the times anyway so this changes nothing. The stock was trading at such a discount to NAV - the market was clearly calling bs.
prophetjul ( Date: 03-Jan-2024 10:31) Posted:
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Sorry. What announcement is this?
Thanks
Thanks
pkli899 ( Date: 02-Jan-2024 13:31) Posted:
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Oh u got a point.....so the support we saw today not from them.
Thanks.
Thanks.
cmengchan ( Date: 02-Jan-2024 17:37) Posted:
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Not sure if any directors can openly buy shares during this period. They will have inside info. So only after the " impairment" result is officially out, they they are allowed to act (buyback shares)
Now that announcement had been made,
I would expect management/directors come out in support of the price.
This will show there is no financial set back.
I would expect management/directors come out in support of the price.
This will show there is no financial set back.
Now we know why price fell recently.
Ppl knew before official announcement.
How can this have happened?
Anyway, I&rsquo m neutral on this news.
More concern whether financially they are improving.
Regardless of the speed.
Ppl knew before official announcement.
How can this have happened?
Anyway, I&rsquo m neutral on this news.
More concern whether financially they are improving.
Regardless of the speed.
I believe sentiments affected by Taiwan elections. Pro-China or pro-democracy.
pkli899 ( Date: 29-Nov-2023 19:11) Posted:
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Not adding despite price dropped.
Don' t want to increase my exposure.
Rather disappointed with management for non action to defend price.
Don' t tell me they think is fair value?
Don' t want to increase my exposure.
Rather disappointed with management for non action to defend price.
Don' t tell me they think is fair value?
May be good opportunity to accumulate. More than 10% yield.
pkli899 ( Date: 28-Nov-2023 13:29) Posted:
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Terrigible.......price at historical low!
Is high time the directors come out to defend the price.
Doing nothing is not an option!
Is high time the directors come out to defend the price.
Doing nothing is not an option!
Asian Pay Television Trust
On Oct 12, Lu Fang-Ming, non-executive director, and vice-chair of the trustee-manager of Asian Pay Television Trust : S7OU -2.08% (APTT) acquired 369,300 units of the business trust for a consideration of S$35,453. At S$0.096 per unit, this increased his total interest in APTT from 1.10 per cent to 1.12 per cent.
Lu has been a corporate executive vice-president of Hon Hai/Foxconn Technology Group since the original design manufacturer (ODM) company he co-founded was acquired by Hon Hai/Foxconn Technology Group in May 2000.
In 2014, Lu also took over as chairman of Asia Pacific Telecom Group, Taiwan&rsquo s fourth largest mobile carrier.
Back in August, the trustee-manager maintained that operationally it did not expect growth in basic cable TV revenue generating units (RGUs) due to Taiwan&rsquo s saturated cable TV market, while it expected the number of premium digital cable TV and broadband RGUs to continue increasing in 2023.
The trustee-manager maintained that the total revenue will, however, be influenced by the ability to maintain average revenue per user (ARPU) which will remain under pressure due to market dynamics. For instance, the decline in demand for home shopping and competition from Internet retailing is expected to continue impacting channel leasing revenue.
After CEO bought on 26th Sep, now is director Lu Fang-Ming' s turn.
He bought more than 360k units at 9.6c.
Actually they should increase the frequency and quantity of purchase,
to show investors that current share price is too low to ignore.
He bought more than 360k units at 9.6c.
Actually they should increase the frequency and quantity of purchase,
to show investors that current share price is too low to ignore.
One issue is the large number of people in Taiwan using illegal streaming settop boxes which means the number of cable subscribers will continue to fall.
I' ve many accountants (CPAs, either with big four or holding senior positions in pte/listed companies) at home, although I' m not one.
Precisely because of this, there are many counters I cannot touch. This is to avoid getting insider info for trading.
However, I read APTT results as a lay man. I did not seek opinion from any of the accountant in my family.
I only know APTT did a drastic cut in DPU some years back because it was unsustainable. In fact, they cut again to 1.0c shortly after the first reduction.
Thereafter, not only they longer borrow for capex, they even started to pare down their loans. Particularly off shore ones.
They started with about 60+m, progressively increased to over 80m this year. Their aim is to eventually pay up all off shore loans (which have much higher interest than on shore ones).
They had since this year, increased the DPU by 5% to 1.05c. They are able to do so because they have saved quite a bit from reduced loans interest payment. And of course, a small increase in revenue due to increase in broadband subscription also helped.
I didn' t keep track but roughly 200m over loans have been paid back to date, if not wrong.
There are quite a bit more before they can have only on shore loans.
But their gearing already shown improvement compared to few years back.
Incidentally, Taiwan is almost like Japan, loan interest rate is very low. And because of some influential shareholders, APTT seems to be able to get preferential rate from the banks.
Precisely because of this, there are many counters I cannot touch. This is to avoid getting insider info for trading.
However, I read APTT results as a lay man. I did not seek opinion from any of the accountant in my family.
I only know APTT did a drastic cut in DPU some years back because it was unsustainable. In fact, they cut again to 1.0c shortly after the first reduction.
Thereafter, not only they longer borrow for capex, they even started to pare down their loans. Particularly off shore ones.
They started with about 60+m, progressively increased to over 80m this year. Their aim is to eventually pay up all off shore loans (which have much higher interest than on shore ones).
They had since this year, increased the DPU by 5% to 1.05c. They are able to do so because they have saved quite a bit from reduced loans interest payment. And of course, a small increase in revenue due to increase in broadband subscription also helped.
I didn' t keep track but roughly 200m over loans have been paid back to date, if not wrong.
There are quite a bit more before they can have only on shore loans.
But their gearing already shown improvement compared to few years back.
Incidentally, Taiwan is almost like Japan, loan interest rate is very low. And because of some influential shareholders, APTT seems to be able to get preferential rate from the banks.
I don' t see how the dividend is sustainable in the context of the debt size relative to FCF.
Asian Pay Television Trust
On Sep 26, Brian McKinley, executive director and CEO of the trustee-manager of Asian Pay Television Trust : S7OU +1.05% (APTT), increased his deemed interest in APTT from 0.166 per cent to 0.178 per cent. This saw 215,700 units acquired for a consideration of S$20,707 at an average price of S$0.096 per unit. Prior to his appointment as CEO in April 2017, McKinley was the chief financial officer of the trustee-manager, an office he held since the listing of APTT in May 2013, providing financial and strategic leadership to the company.
Back in August, McKinley relayed that broadband, which now constitutes around 25 per cent of APTT&rsquo s total revenue, will remain the largest driver of its long-term growth. He added that the manger is looking to extract more value from its aggressive broadband growth strategy and grow cash flows that consistently more than offset the decline in basic cable TV. APTT has an investment mandate to acquire controlling interests in and to own, operate and maintain mature, cash generative pay-tv, and broadband businesses in Taiwan, Hong Kong, Japan, and Singapore.