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Hyflux Dividend 2018

Hyflux Dividend 2018

005 8/23/2018 2. The ex-dividend is on 27 Maly 2018. It may take the form of (1) a promissory note discountable before its due date, also called liability dividend, or (2) common stock (ordinary shares). I will also be working on re-investing those dividends to be collected for companies with financial year ending 31 December 2017 who held their AGM in April prudently back into the market. In an environment of low interest rates, isn't paying a 6% interest a bit expensive?. He is wondering if DBS's analysts lack the 'foresight' on Hyflux's financial problems. Source: Hyflux Ltd Annual Reports. The CEO assured the shareholders that DBS has done all the required due diligence and followed all the rules & regulations set by MAS. “Singaporeans get the government they deserve, so I don’t want to hear any complaints. Get detailed information on Hyflux 6% PerCapSec# (BTWZ. 74% This SPH chart of five year dividend yield, is inferred based upon our dividend and price history data which may not be complete or accurate. First up we have Berkeley Group, a property name from the UK. The Municipal segment supplies a range of water and fluid treatment solutions to. Hyflux Preference Shares. 30% - Hyflux business deteriorates or the external environment changed, causing some cashflow problems. Most of its assets are held for sale of $1. 5/(50-20-10). One lesson that we might be able to take away from the Hyflux saga is the importance of due diligence. 239 is resistance Trading Central - 2018-05-16 Stock Headliners You Need To Know Shares Investment - 2015-11-19 Hyflux Acquires 50% Of PT Oasis Waters International Shares Investment - 2015-11-18. Below are my top 30 holdings as at 31 August 2018. 2018 was $0. (HYFXF) Dividends. In addition, Hyflux is working on a deal to build a mega membrane based seawater-desalination plant with a capacity of 500,000 cu m a day in Tripoli, Libya and another plant with a capacity of at least 400,000 cu m a day in Benghazi, about 1,000 km away. Hyflux is to execute a binding agreement with a successful bidder or investor by October 15, 2018, obtain approval for the transaction from Maybank, the Public Utilities Board and/or the Singapore High Court (if necessary) by December 11, 2018 and obtain the approval of the shareholders by February 4, 2019. Hyflux gets deadline extensions to announce 2018/19 financial results HYFLUX has been handed further deadline extensions by the Singapore Exchange to announce its FY2018, first- and second-quarter 2019 financial results, and hold its FY2018 annual general meeting (. Hyflux 6% PerCapSec price dropped to 0. On 22 May 2018, Hyflux Ltd and a number of subsidiaries filed for court protection from creditors. Get detailed information on Hyflux 6% PerCapSec# (BTWZ. Apologies, I was not precise enough. However, the board failed to mention that in February 2018, Ms Lum received a dividend in specie, amounting to a 23. Our corporate secretariat department is in the midst of arranging the announcement. About Cash Dividend Payout Ratio. Founder and CEO of struggling water treatment company Hyflux Olivia Lum refuted claims that she received S$60 million in dividends in 2017. Hyflux ranks among the global leaders in water treatment. Hyflux Preference Shares. Tue, 19 Jun 2018 13:49:44 +0800 Hyflux is seeking about $200 million in rescue financing and is in preliminary talks with more than 25 interested parties, lawyers for the water and power company said on Tuesday (June 19) as the Singapore High Court gave it a six-month reprieve from creditors. When I bought Hyflux in 2008 at $2. On 22 May 2018, Hyflux Ltd and some of its subsidiaries, including Hyflux Engineering Pte Ltd, the operator of SingSpring, applied to the Singapore High Court to commence a court supervised process to reorganise their liabilities and business pursuant to Section 211B(1) of the Singapore Companies Act. Updates On Reorganisation Process - Clarification On Statements In The Media Regarding The Potential Investment By Utico FZC ("Utico"). The CEO assured the shareholders that DBS has done all the required due diligence and followed all the rules & regulations set by MAS. Company in focus Singapore water company's tap runs dry amid debt crisis. Want to know what others say about Hyflux 6% PerCapSec#? It's FREE to post and participate in Hyflux 6% PerCapSec#'s discussion. There is also a 3% dividend payment on 25 Apr. QUESTIONS OVER TUASPRING. In an environment of low interest rates, isn't paying a 6% interest a bit expensive?. 46% Average yield: 9. Hyflux came under the scrutiny of the Securities. These dividends are paid on a pro-rated semi annual basis and cumulative, meaning to say if Hyflux defers on paying dividend this year, it will be rolled to next year. The minimum subscription is 100 shares ($10,000). Hyflux's distress may just be the beginning of a series of default risk situations. Singapore— Embattled water treatment company Hyflux said on Thursday, April 25, that it received a non-binding letter of intent for a possible S$400 million investment from a firm in the Middle. The process of selling Tuaspring has taken longer than initially expected, Hyflux is committed to the partial divestment of Tuaspring at an acceptable price Coupon yield for the Hyflux 6% will be stepped up from 6% to 8% after 24 Apr 2018 Hyflux cash balance Read moreLatest : Hyflux 6% CPS redemption deferred. Hyflux clarified Tuesday that its meeting last week with potential investor Utico included "no conclusive numbers" or a finalized deal. Dividends provide signals such as the company's financial health, growth prospects and confidence of the management in the company. However, do take note that the preference shares are not rated and most probably only Singaporeans are familiar with Hyflux. This also tell me there maybe opportunity created by the fearful. Most of its assets are held for sale of $1. Yet it continued to command the trust and confidence of investors largely because of the strategic support for clean water solutions in Singapore. 015 11/25/2014 - - - - 3. Hyflux gets deadline extensions to announce 2018/19 financial results HYFLUX has been handed further deadline extensions by the Singapore Exchange to announce its FY2018, first- and second-quarter 2019 financial results, and hold its FY2018 annual general meeting (. SINGAPORE: Hyflux executive chairman and CEO Olivia Lum said on Friday (Feb 15) that she is "deeply saddened for the pain and loss suffered" by investors and lenders. It is still at this price but I am a long-term investor so, with this price which I thought was fair, I will be enjoying the dividends that they are giving out. Dividend payout ratio is the percent of company earnings paid out as dividends. Hyflux Ltd. , 2010), (Hyflux Ltd. Hyflux is planning to distribute 70 per cent of the stock in Hyfluxshop Holdings to existing shareholders, on the basis of one Hyfluxshop share for every 10 Hyflux shares held, at no cost to them. Hyflux's partner in the two projects is the state-owned Algerian Energy Co. After the release of the Q1 2018 results, given the prolonged weakness in the power market and its impact, Hyflux decided, on 14 May 2018, to engage external advisors to look into the Group’s financial situation. Distributed by Public, unedited and unaltered, on 12 February 2018 09:50:09 UTC. 50 and has committed to maintain a yearly gross dividend of $1. Investors can consider Temasek's first retail private equity bond to help supplement retirement income: Ho Ching (The Straits Times on JUN 4, 2018) Introduction There are 3 parts to the article today relating to the 3 articles above. As at 31 March 2018, Hyflux Ltd has reported having long-term borrowings amounting to S$ 1. The ex-dividend is on 27 Maly 2018. 50 and has committed to maintain a yearly gross dividend of $1. Hyflux is to execute a binding agreement with a successful bidder or investor by October 15, 2018, obtain approval for the transaction from Maybank, the Public Utilities Board and/or the Singapore High Court (if necessary) by December 11, 2018 and obtain the approval of the shareholders by February 4, 2019. About Cash Dividend Payout Ratio. 3539 Singapore dollars) This article appears in. 8 per cent stake in Hyflux's smaller consumer water business, Hyfluxshop. Sembcorp the only Bidder for Hyflux; On 3 rd October 2018, Business Times released an article that Sembcorp Industries Ltd was the only party that submitted a final bid for beleaguered Hyflux Ltd's Tuaspring project. We have received numerous enquiries about these two instruments issued by Hyflux. 42 per rights share (a discount of approximately 45% to the pre-announcement closing price). Just May 2018 Portfolio This month I made a new stock purchase, in fact, its a REIT. 6% dividends till 2018, when it's callable (at the par value of 100), but if they don't exercise the option, they pay 8% from then on. To me, the entire exercise benefits Hyflux. This in an increase of 12. 74% This SPH chart of five year dividend yield, is inferred based upon our dividend and price history data which may not be complete or accurate. 00% Perpetual Capital Securities, which will be due on 28 May 2018. is an investment holding company. (29-11-2017, 10:51 AM) sgpunter Wrote: Tricky situation for Hyflux in my view. After the. Water treatment firm Hyflux Ltd (SGX: 600) announced on Tuesday that it will be offering S$300 million worth of perpetual securities that will yield their investors a 6. In an environment of low interest rates, isn't paying a 6% interest a bit expensive?. 510 Hyflux 6% CPS 2018 has fallen 2. Find the latest HYFLUX (HYFXY) stock quote, history, news and other vital information to help you with your stock trading and investing. That will result in its share price being suppressed and upsetting its equity investors. It can be for an indefinite period However, these preference shares has no maturity date to redeem, but Hyflux has to pay 8% dividend if they do not redeem on April 2018. Hyflux's preference shares are bond like instruments which gives the holders a fixed dividend payout at each time period (6% for Hyflux's case). More than 100 retail investors of Hyflux perpetual securities and preference shareholders - many of whom were elderly, with at least one in a wheelchair - held a protest at Hong Lim Park yesterday against the company's restructuring plan and recent developments involving the beleaguered water treatment firm. About Cash Dividend Payout Ratio. "This has proven to be overstated by at least S$900 million as Hyflux has confirmed any bids received in the 2018 sale process for Tuaspring were for less than Maybank's outstanding project. Hyflux reorganisation plan will see heavy losses for small investors(17 Feb 2019) Hyflux's replies to Sias raise more questions ( 16 Feb 2019) SIAS's Hyflux rap: A wake-up call for corporate Singapore(13 Feb 2019)SIAS queries Hyflux chief Olivia Lum and board on remuneration, operations(11 Feb 2019). " Of the S$300 million sum, S$230 million is meant for the general public, S$20 million for Hyflux's. (2018, July 19). We, at Shares Investment, decided to look into this as the price for the Hyflux 6% (CPS) Cum Preference Class A 10 dived from more than $90 on 1 February 2018 to as low as $62. Dividends were given to the ordinary shareholders on Feb 2018. Welcome to The BreadTalk Group's Investor Relations. (HYFXF) Dividends. The business was founded by Olivia Lum, a former chemist at Glaxo. The thing that caught our attention more than the numbers was the company saying that it won’t redeem the S$400m HYFSP 6. You do not have past transactions for this stock. The operating losses of Tuaspring drove Hyflux to record its first full year of loss in 2017. The same thing happens in the crypto world where noobs end up holding worthless bags and bags of rekt shitcoins. Distributed by Public, unedited and unaltered, on 01 February 2018 04:54:05 UTC. HYFLUX LTD (600) $0. Despite the company's. If Hyflux pay up their dividend this Nov on the Hyflux 6% PerCapSec, the return will. 2018 was 0. On why the Hyflux board continued paying annual dividends up to 2017, when the firm's operating cash flow has been negative since 2009, the board said paying dividends out of. It operates through the Municipal and Industrial business segments. The dividends are paid in SGD. Just like Noble and Swiber were for corporate junk bonds. 54, or an implied return rate of 10. In fact, it paid out a special dividend in 2018 from the proceeds from the IPO of Netlink Trust. The Company operates through two segments: Municipal and Industrial. The Municipal segment supplies a range of infrastructure solutions including water, power,. In-addition, the company will not be able to distribute dividends to their shareholders. See the upcoming ex dividend date and dividend history for Hersha Hospitality Trust (HT). Redemption of retail perps deferred until Tuaspring divestment. The dividends are paid in SGD. Want to know what others say about Hyflux 6% PerCapSec#? It's FREE to post and participate in Hyflux 6% PerCapSec#'s discussion. Apologies, I was not precise enough. Different corporate strategy and management focus are required in the health and wellness segment. Just May 2018 Portfolio This month I made a new stock purchase, in fact, its a REIT. 6744% - - - - - 0. is an investment holding company. 510 Hyflux 6% CPS 2018 has fallen 2. This means if they fail to pay me this time, the interest will be accumulated and compounded. SI) Corporate Action - Dividends / Rights / Splits of Hyflux | SGX Listed Companies @ SG investors. 20 per share. However, do take note that the preference shares are not rated and most probably only Singaporeans are familiar with Hyflux. Hyflux has been borrowing huge amounts at high interest rates-and this is its main problem. 3 – Why you shouldn’t simply copy a big investor’s portfolio By The Fifth Person on April 17, 2019. First up we have Berkeley Group, a property name from the UK. In 2011, Hyflux issued $200 million of "preference shares" to the public , promised a 6% interest returns. Hyflux Water Trust. Stay alerted to dividend announcements for HYFXF and all the companies you follow at NASDAQ. Thus, likely market sentiment. The Company paid dividend of 1. If Hyflux does not pay the regular coupon, it will not be able to pay dividends to its shareholders. DBS, OCBC, UOB Bank, Hyflux Preference Shares & Genting Perp Bond 15 September 2013, 15 September 2018 and thereafter, on each dividend payment date, or in the. The operating losses of Tuaspring drove Hyflux to record its first full year of loss in 2017. Dividend from two corporate bonds invested early this year boosted the dividend income and made it surpassed the dividend income from May. Most of its assets are held for sale of $1. View HYF net cash flow, operating cash flow, operating expenses and cash dividends. Hyflux Ltd, an investment holding company, provides integrated water management and environmental solutions worldwide. 5 million mainly related to the plant in its January-September 2018 results reported last month. BOT and turnkey projects do not always generate consistent cashflow. It did not mention that in February 2018, she received a dividend in specie, amounting to a 23. update on reorganisation process town hall meetings on 19 july 2018 and 20 jul 2018-07-20 22:34:39 General Announcement HYFLUX AWARDED CONTRACT FOR A DESALINATION WATER PROCESSING SYSTEM PACKAGE IN. Nonetheless, we believe that the non-payment of this May 2018 distribution does not constitute an event of default. One should always question if the dividends are sustainable. Hyflux had replied that it intended to appoint a further valuation to be undertaken by a different valuer for the purpose of finalizing its 2018 full-year financial results. 2018 was $0. The yield is. At that time, Hyflux was granted a six-month moratorium, which was extended further in the same year. Hyflux hasn’t published its accounts since reporting a S$22. is an investment holding company, which engages in providing water and energy solutions for communities and industries. As at 31st March 2018, Hyflux had total liabilities of $2. The Company operates through two segments: Municipal and Industrial. More than 100 retail investors of Hyflux perpetual securities and preference shareholders - many of whom were elderly, with at least one in a wheelchair - held a protest at Hong Lim Park yesterday against the company's restructuring plan and recent developments involving the beleaguered water treatment firm. In response, Hyflux said on Friday that while the question and newspaper reports might suggest Lum received the S$60 million in dividends in 2017, when the company reported losses, in fact, the dividends of S$58 million were paid over a 10-year period, from 2007 to 2016, with no dividend paid in 2017. Hyflux Preference Shares Posted: 13 Apr 2011 07:27 PM PDT Hyflux preference shares (up to $200 million) will be offered to the public at $100 per share giving 6% pa yield. Update On Reorganisation Process - Town Hall Meetings On 19 July 2018 And 20 July 2018 17 Jul 2018 Hyflux Awarded Contract For A Desalination Water Processing System Package In Hunutlu, Turkey. The Company paid dividend of 1. In February 2018, CEO/Chairwoman/Founder offered to buy over the HyfluxShop shares from the ordinary Hyflux shareholders. Cumulative in that if they do not pay you this time, they have to pay you the next time around. 5% holds 600 (1/195) 0% recent buy involves 600 (0/105) 0% recent sell involves 600 (0/68) *recent means in the last 14 days. Out of its $3. Hyflux stumbles after helping to bring crucial self-sufficiency to city-state. Apologies, I was not precise enough. As at 31 March 2018, Hyflux Ltd has reported having long-term borrowings amounting to S$ 1. September 16, 2016. June 14, 2018 at 5:05 PM AK71 said Hi Randy, It is a good industry to be in as clean drinking water will always be an important resource. Since 20 July 2017 when Hyflux posed a negative profit guidance: Hyflux shares has fallen 8. However, if by 2018, Hyflux has not redeem those preference shares, the interest will be @ 8%. It has agreed to release its 2018 full-year financial statements by March 1 to enable creditors to evaluate its debt proposal, according to a court filing. " Of the S$300 million sum, S$230 million is meant for the general public, S$20 million for Hyflux's. Olivia Lum, controlling shareholder and founder CEO of Hyflux, will be required to make a general offer for HyfluxShop Holdings after the distribution of a dividend in specie is completed, said the Securities Industry Council (SIC) which oversees takeovers in Singapore. 85 based on the one-for-two entitlement and subscription price of $5. In 2016, Hyflux , once again issued $230 million of so-called "preference securities" which basically similar to "preference shares". As the dividend payout is higher than its profitability, it would need to pay the access from its retained earnings. The thing that caught our attention more than the numbers was the company saying that it won't redeem the S$400m HYFSP 6. Hyflux Ltd has applied to the country's high court to begin a reorganization of its business after lower electricity prices hurt its finances, the water treatment company said on Tuesday. The latest Tweets from Marissa Lee (@MarissaLeeBT). On 23 May 2018, a day after Hyflux made its liability-reorganisation announcement, it voluntarily suspended the trading of it shares. To me, the entire exercise benefits Hyflux. Redemption of retail perps deferred until Tuaspring divestment. For 2018, Singtel declared a total dividend of 20. arctician wrote: if you look at their most recent dividend payout based on FY, its in form of shares instead of div, so existing shareholders face dilution, and most importantly for pref shares there is a clause option which allow hyflux to stop coupons payout when there is no dividends payout to equity shareholders. 510 Hyflux 6% CPS 2018 has fallen 2. Hyflux has terminated the SOA and ended the agreement with SM Investments. Hyflux said it has the option to increase the size of the offering to S$400 million if applications or indication of interest received exceed the offer size. In summary, ordinary Hyflux shareholders ( code:600) were given a dividend-in- specie of HyfluxShop shares in January 2018. His other blue chips like SPH, Singapore Post who used to be dividend darlings are also poor performers. 8 cents, and a special dividend of 3 cents. The thing that caught our attention more than the numbers was the company saying that it won’t redeem the S$400m HYFSP 6. Out of its $3. Redemption of retail perps deferred until Tuaspring divestment. Made some pocket money trading shares of Hyflux too. 6744% - - - - - 0. It can be for an indefinite period However, these preference shares has no maturity date to redeem, but Hyflux has to pay 8% dividend if they do not redeem on April 2018. To raise capital, Hyflux had jumped onto the bandwagon of issuing perpetual securities. 2018 Dividend List - Part 4 The last portion of this year's dividend list sees a hopscotch of companies from various segments of the economy. Current yield: 14. This included continuing to give out dividends especially including a relatively higher dividend yield of 4. Investment Rationale - Hyflux 6% PerCapSec Rate is 6%. It can be for an indefinite period However, these preference shares has no maturity date to redeem, but Hyflux has to pay 8% dividend if they do not redeem on April 2018. 44 per month. 12 Jun 2018 - Singapore Business Review. “This has proven to be overstated by at least S$900 million as Hyflux has confirmed any bids received in the 2018 sale process for Tuaspring were for less than Maybank’s outstanding project. Hyflux Preference Shares. MALAYAN Banking Bhd (Maybank) and Hyflux Ltd are expected to explore other options after Sembcorp Industries Ltd emerged as the only bidder for the latter's Tuaspring project in Singapore, said RHB Research Institute Sdn Bhd. Past Transactions Add Transactions. A shareholder voiced his concerns about DBS's role in the Hyflux perpetual bond default. 20 per share. In fact, there's a good one I had bought into previously (head over to Patreon to find out which) which has rewarded me handsomely since. 0 cents* per share for FY2018/2019 *Subject to shareholders' approval at AGM to be held on 18 July 2019 You may also be interested to read about :. Hyflux is a Singapore-based water and fluid treatment speci. 000% Perp/Callable 2018 Pref (SGD) - Retail in April. The company has received an automatic debt moratorium for a period of 30 days from 22 May 2018, the date on which it filed the application. Proportion of free cash flow (after preferred dividends) that is paid as dividends to common shareholders. It operates through the Municipal and Industrial business segments. Hyflux was highly leveraged, they had a weak cash flow and was taking on more debt to pay off existing debt and added further financial burden to their liabilities. Hyflux said an oversupply of gas in Singapore depressed electricity prices and the weakness in the power market will likely pose challenges for its performance in 2018. 0 cents* per share for FY2018/2019 *Subject to shareholders' approval at AGM to be held on 18 July 2019 You may also be interested to read about :. Different corporate strategy and management focus are required in the health and wellness segment. Take a look at the Dividend Stock Tracker to compare against existing dividend yielding stocks. Hyflux Perps - My thoughts Some readers asked for my views on the Hyflux Perps, so let me share some of my thoughts as a perp holder (not shareholder of Hyflux):. Hyflux News: This is the News-site for the company Hyflux on Markets Insider Hyflux gets deadline extensions to announce 2018/19 financial results. My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 April 2 018 ). However, the news that Hyflux is issuing preference shares with an annual dividend rate of 6% is somewhat surprising to me. Am I correct in understanding that a Scrip Dividend involves the issue of new shares instead of the purchase of existing shares? Does this mean that if I don't join this program, my existing shares will be diluted every time a Scrip Dividend is paid? What is the benefit to the company of issuing Scrip Dividends?. 4 Billion which is the Tuas Spring plant it is trying to sell. Investment Rationale - Hyflux 6% PerCapSec Rate is 6%. 98 (98% gearing!). 500 Payouts since then: $0. 2018 was $0. Is this what you want to do? Not me Then, where is the incentive to vote Yes? Think carefully and vote wisely. For 2018, Singtel declared a total dividend of 20. My Dividend Stock Purchase: Hyflux Preference Shares (N2H) After holding a large percentage of cash for a long while; I have decided to purchase shares in N2H, Hyflux Preference Shares. At that time, Hyflux was granted a six-month moratorium, which was extended further in the same year. The only lifeline for Hyflux has ceased. 89% from 100. Dividend per share grew 3. 5 million mainly related to the plant in its January-September 2018 results reported last month. I sold my Hyflux preferential shares at the beginning of the month, at a loss of course. Quite simply, it was generating free cash flow in excess of its dividend payout. On 19 June 2018, the Court granted a 6-month moratorium to Hyflux with respect to the application. We, at Shares Investment, decided to look into this as the price for the Hyflux 6% (CPS) Cum Preference Class A 10 dived from more than $90 on 1 February 2018 to as low as $62. A shareholder voiced his concerns about DBS's role in the Hyflux perpetual bond default. The dividends will be payable semi-annually when, as and if declared by the Hyflux Board, in arrears on 25 April and 25 October of each year. MALAYAN Banking Bhd (Maybank) and Hyflux Ltd are expected to explore other options after Sembcorp Industries Ltd emerged as the only bidder for the latter's Tuaspring project in Singapore, said RHB Research Institute Sdn Bhd. Hyflux has terminated the SOA and ended the agreement with SM Investments. Below are my top 30 holdings as at 31 August 2018. 8 billion in June 2018, and note holders were owed $265. On 17 May 2016, Hyflux Ltd announced their Offer of up to S$300 million worth of a perpetual security at a rate of 6% of the principal amount with a potential step up every 4 years. 8 per cent stake in Hyflux's smaller consumer water business, Hyfluxshop. Water treatment firm Hyflux Ltd (SGX: 600) announced on Tuesday that it will be offering S$300 million worth of perpetual securities that will yield their investors a 6. 51 same quarter last FY) but similar to the prior year, which is a good sign as it means the decline has now stablised. Business Summary. Also, the presence of strong shareholders of the company is crucial, Temasek used to be a shareholder of Hyflux but now holds no stake. Money FM 89. As the dividend payout is higher than its profitability, it would need to pay the access from its retained earnings. If they don't redeem the CPS and freeze dividend, they can jolly well forget about issuing any more debt instruments in the future as investor/lender confidence will be severely dented. The share price is in SGD. SI) including stock quotes, financial news, historical charts, company background, company fundamentals, company financials, insider trades, annual reports and historical prices in the Company Factsheet. Quite simply, it was generating free cash flow in excess of its dividend payout. I cover smidcaps, tech, deals & special situations. Just May 2018 Portfolio This month I made a new stock purchase, in fact, its a REIT. Read the news as it happens! 2018. Proportion of free cash flow (after preferred dividends) that is paid as dividends to common shareholders. Hyflux Perps - My thoughts Some readers asked for my views on the Hyflux Perps, so let me share some of my thoughts as a perp holder (not shareholder of Hyflux):. Insolvency, Restructuring and Dissolution Act 2018, which will come into operation sometime in 2019. (Hyflux) is a Singaporean water utility company, which announced on 22 May 2018 that it had applied to the Singaporean High Court to begin a court-supervised process of debt and business reorganization. On 22 March 2018, KPMG provided a clean audit report for Hyflux Group for the financial year 2017. Get detailed information on Hyflux 6% PerCapSec# (BTWZ. Also, the presence of strong shareholders of the company is crucial, Temasek used to be a shareholder of Hyflux but now holds no stake. Updates On Reorganisation Process - Clarification On Statements In The Media Regarding The Potential Investment By Utico FZC ("Utico"). 8 per cent stake in Hyflux's smaller consumer water business, Hyfluxshop. Sembcorp Industries Ltd was the only party that submitted a final bid for beleaguered Hyflux Ltd's Tuaspring project. After the. View historical data on Hyflux and its competitors. In 2011, Hyflux issued $200 million of "preference shares" to the public , promised a 6% interest returns. It did not mention that in February 2018, she received a dividend in specie, amounting to a 23. Their placement tranche was 4x oversubscribed and hence they increased it from $50mil to $165mil and it was closed within a day. HYFLUX LTD (600. 00% Perpetual Capital Securities, which will be due on 28 May 2018. If not redeemed then, the dividend rate will step up to 8 per cent. 02 2018 — Hyflux Ltd. This year I will continue to increase my portfolio size and will try to exceed the dividend collected last year. Most of its assets are held for sale of $1. Hyflux Dividend Payout Ratio | SGX:600 - GuruFocus. Out of its $3. Apologies, I was not precise enough. 2018 was $0. Hyflux has been borrowing huge amounts at high interest rates-and this is its main problem. CITIC Envirotech - UOB Kay Hian 2018-05-30: CEO Change And Hyflux Worries Undue; China Vows To Wage Tough Battle On Pollution. arctician wrote: if you look at their most recent dividend payout based on FY, its in form of shares instead of div, so existing shareholders face dilution, and most importantly for pref shares there is a clause option which allow hyflux to stop coupons payout when there is no dividends payout to equity shareholders. Hyflux ST: the downside prevails as long as 0. Hyflux can’t avoid its creditors forever. It operates in two segments, Municipal and Industrial. HYFLUX controlling shareholder Olivia Lum must make a general offer for the water treatment company's consumer business after the completion of a dividend in specie distribution, according to the Securities Industry Council (SIC). Important Notice. In fact, the tenets of dividend investing taught in the course saved me on many occasions - Hyflux, Starhub, Asian Pay Television Trust, etc. Shared Portfolios Stats All Shared Portfolios 0. Hyflux Ltd. Dividend News; News. is an investment holding company, which engages in providing water and energy solutions for communities and industries. As part of the reorganization process, Hyflux will be conserving its cash and only make critical payments to continue operations. However, the board failed to mention that in February 2018, Ms Lum received a dividend in specie, amounting to a 23. If all these bonds were shares, how much would Hyflux have saved (by not paying dividends). (29-11-2017, 10:51 AM) sgpunter Wrote: Tricky situation for Hyflux in my view. To me, the yield presented in the prospectus is unlikely to be achieved if not for the Sponsor waiving off its rights to the distributions in FY2008 and most likely in FY2009, it will elect to receive its management fees in units in order to meet the yield projections. 8 per cent stake in Hyflux's smaller consumer water business, Hyfluxshop. It operates through the Municipal and Industrial business segments. To all who intend to vote Yes to the Restructuring scheme by SMI and Hyflux: By voting Yes, you may WAIVE your right to receive your 3% dividend declared by Hyflux on SGX in May 2018. Current yield: 14. Business Summary. There is also a 3% dividend payment on 25 Apr. Hyflux Dividend Yields history across the years. On 22 May 2018, Hyflux Ltd and a number of subsidiaries filed for court protection from creditors. 7 Singapore cents in FY2015. The latest Tweets from Marissa Lee (@MarissaLeeBT). It operates in two segments, Municipal and Industrial. Just May 2018 Portfolio This month I made a new stock purchase, in fact, its a REIT. Hyflux can’t avoid its creditors forever. Hyflux Dividend Payout Ratio | SGX:600 - GuruFocus. Keppel Corp, on the other hand, did not submit a bid by the Oct 1 deadline. The dividends are paid in SGD. They will also recall the shares at par value in 2018, failing which, they will step up to 8%. Utico FZC has submitted a binding offer to invest S$400 million ($294 million) in Singapore's indebted water treatment firm Hyflux Ltd, the chief executive of the United Arab Emirates-based. In fact, the tenets of dividend investing taught in the course saved me on many occasions - Hyflux, Starhub, Asian Pay Television Trust, etc. The amount invested was $20,000. Government Should Bail Out Hyflux And Don't Put All Your Eggs Into One Basket It was poignant to read from the news that there was a retail investor who risk losing a certain portion of his S$250K of capital investment into Hyflux bond. “Singaporeans get the government they deserve, so I don’t want to hear any complaints. However, the board failed to mention that in February 2018, Ms Lum received a dividend in specie, amounting to a 23. Should Hyflux chose not to redeem back in 2018, they will step up the dividend rate to 8% pa, instead of the usual 6% pa. 98 (98% gearing!). Temasek's investment in Hyflux was part of an initiative during the early 2000s to invest in Singapore small and medium-sized enterprises (SMEs), to support their growth in promising sectors, such as water technology. qe, rc, et, cb, zo, tm, pp, kk, eh, wl, tp, gf, sf, az, uv, tg, pi, zx, py, bf, lp, mj, zv, rn,