Author: SGDividends

My layman views on so called " white knights" of Hyflux

Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don’t wish to be assumed to be one. I make losses frequently. Overview To summarise the major developments that rocked the world of only Hyflux stakeholders recently: 1) News mentioning that Hyflux received only one final bid for Tuaspring by a local company, Sembcorp which is not...

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What happened to other Debt Restructuring Exercises – Nam Cheong

Nam Cheong is in the business of shipbuilding and vessel chartering. Its business was affected by the oil price environment leading to the oversupply of newly built offshore supply vessels by competitors and lower demand of its vessels. Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don’t wish to be assumed to be one. I...

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What happened to other Debt Restructuring Exercises – Ausgroup

Ausgroup is not purely an oil and gas or marine company. It is also heavily involved in mining of iron and lithium and predominantly, their business is in Australia. What strikes me about this company is that it did not undergo a court supervised moratorium process, it engaged SIAs for assistance and underwent a restructuring process with its Medium Term Note (MTN) holders ( those kind need minimum $250,000 for a note). It has a substantial shareholder ( in a range of 15% to 20% shareholding before the troubles began) in Ezion, who is facing troubles of it’s own....

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Informal Steering Committee for the Reorganisation Process – Hyflux

Townhall AftermathI attended the Townhall meeting on 19 July and came back unconvinced.” I am still young and i can work still work for you all…”said Olivia Lum.Sounds heartwarming.But, actions speak louder than words.The preference and perpetual holders are the ones losing money but yet, the board of directors and Hyflux CEO/Chairwoman didn’t mention anything about reducing their salaries or bonus to show reciprocity or sincerity.Nevermind about Ezion CEO using his personal assets as collateral to secure more than $100 million of funds for Ezion and cutting his pay by 71%, we are not even asking you to use...

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Consolidated Questions For Hyflux Townhall Meeting on 19 and 20 July 2018 – Hyflux- continued

Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don’t wish to be assumed to be one. I make losses frequently. Below are a list of questions that members of the Telegram Group raised. If i missed out any of your questions, do forgive me. I have submitted the questions to Hyflux.   Town Hall questions...

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Consolidated Questions For Hyflux Townhall Meeting on 19 and 20 July 2018 – Hyflux

Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don’t wish to be assumed to be one. I make losses frequently. Below are a list of questions that members of the Telegram Group raised. If i missed out any of your questions, do forgive me. I have submitted the questions to Hyflux. 1 What is the...

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Why a debt to equity option for retail investors is not right – Hyflux

Approaching a pretty banker, he muttered in a husky voice ” Hi, my friend told me about a 18% pa product that he bought from the bank. Something like I-U-ME-Later….” he asked eagerly. ” Oh, pls complete this form. “Sorry, your risk profile is very low and your knowledge of investing is practically nil. I think a one-year fixed deposit is most suitable for you.”She said. Ok, i think we are not fated, guess i will go to somewhere else to grow my money then….” he muttered softly.. After the mini bonds saga in 2010, more protection for retail...

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What Other Water Companies Regularly Did But Hyflux Never Did – Hyflux – Question 16

“I took my suppliers out for an event and i spent $XX,000 on my XXX credit card….” says my wife. Discontent immediately filled me and i retorted ” Why didn’t you use the YYY credit card, i painstakingly labelled the cards for each specific purpose, you have basically lost many krisflyer miles, enough to take a free saver ,return business class to New York!” “You shut up! You lost many multiples more in Hyflux!….” . With that, i retreated into my Man-Cave…..knowing full well i could never raise my head up high in this household again, unless of course,...

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An industry comparison of Hyflux compared with its peers – Question 15

Finally, i am upgraded to my bed! All thanks to my toddler that insists on sleeping with Papa on the sofa. My wife’s love for the Son superseded her despise of her Good For Nothing, Penny wise,Pound foolish Husband. She must have logically deduced that she will still be able to keep a distance from me as my son sleeps in the middle. Children are angels to be cherished..truly…… Now back to Hyflux. The much needed 6 months moratorium has been granted, though it could be said to be expected. Courts generally rule on precedents and precedents in the...

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High Level staff Movements Indication of Red Flags – Hyflux – Question 14

For the past few nights, after the fateful confession to my Significant Other and despite it being Father’s day, i have been relegated to my sofa to sleep through the nights. Should have bought a more expensive sofa. Indeed, Hell has no fury like a woman’s. Let’s see the high level staff movements in Hyflux over the years. Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct...

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Uncovering the Real Motivations behind the HyfluxShop – Question 13

In my line of work , uncovering the motivations of individuals and organisations is vital. I can’t possibly micromanage everything that an individual or organisation does. However, if i know that the motivations of the individual or organisation is aligned with mine, i guess i can worry less. “I can calculate the motion of heavenly bodies, but not the motivations of Man.”- Sir Isaac Newton ( modified) Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if...

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The Peculiar Case of HyfluxShop – Question 12

I still don’t understand why the CEO/Chairwoman/ Founder has to venture into HyfluxShop. I mean, isn’t the electricity market, the business in the middle east and being on the board of directors of ST Engineering enough on her plate? Why do : 1) A dividend-in-specie of HyfluxShop, 2) An offer to buy over the HyfluxShop shares and 3)then within 3 months, suspend Hyflux Shop and ask the court for protection? Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let...

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The Lucky Accredited Investors of Hyflux’s Perpetual Securities – Part 3

When i grew up, my mum always reminded me ” Son, impression matters. Not everyone is going to get to know you better but they form a general opinion of you from what you do, say and wear.” I guess i didn’t heed her advice, with all this messy posts with no clear direction and spelling/vocab mistakes. I would therefore like to make it clear that my agenda is purely monetary in terms of the capital invested, that’s all. Nothing else. Like what the bank robber said ,” Give me the money and no one gets hurt” kind of...

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Moving forward at the Townhall meetings with Hyflux – Part 2

Today my son reached out to my hand as i came back home from work. He tugged  at my hand gently and placed his face next to mine. In his sweetest, angelic , softest voice he whispered into my ears ” PaPa, i tell you a secret, I love you….” Sensing the opportunity, i whispered back into his little ears” Son, i decimated your education fund..” knowing full well he wouldn’t understand what i meant, and yet, offloading a heavy burden in my heart by confessing without any repercussions…..now for the Significant Other…Yikes .. Disclaimer: I am not an investment...

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Moving forward at the townhall meetings with Hyflux

The past few days have been a pretty big eye opener from me. I have been sleeping well ( impt to me) ,engaging with some entities, waiting for answers, trying to ‘read’ the vested interests objectively using publicly available information ( links to the sources are referenced in my articles) , reading up on the electricity market and carrying on with my daily life, spending time with my kid and watching him grow up to be such a adorable and more and more lovable person. This makes me wonder! Expensive “tuition” fees have been paid ( probably a slight...

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