Hyflux Dividend 2018

Hyflux chief Olivia Lum 'deeply saddened' by losses suffered by investors, lenders (The Straits Times, 15 Feb 2019) Yes, she should be ! even with all the losses she made and donating the share subsequently , she is still a multi-millionaire and have huge stake in privately own Hyfluxshop , also collecting fat pay till now. Founder and CEO of struggling water treatment company Hyflux Olivia Lum refuted claims that she received S$60 million in dividends in 2017. 02 2018 — Hyflux Ltd. 3 billion on its books, and has said it wants to sell its stake at book value. 9 May 2018: 1Q Financial Results 2018: 27 Apr 2018: Annual General Meeting: 1 Feb 2018: Extraordinary General Meeting: 9 Nov 2017: 3Q Financial Results 2017: 3 Aug 2017: 2Q Financial Results 2017: 25 May 2017: Final Dividend Payment Date: 11 May 2017: Book Closure Date for Final Dividend: 4 May 2017: 1Q Financial Results 2017: 28 Apr 2017. Delivering innovative solutions, leading the way We decided to retain the innovation theme for our FY2012 Annual Report as the next phase of our growth is innovation-based. Dividend payments would represent another drain on cash. Find the latest HYFLUX (HYFXY) stock quote, history, news and other vital information to help you with your stock trading and investing. Tuesday, June 12, 2018 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. Secondly, Hyflux had tried to forfeit the S$39Mil deposit placed by the Salim-Medco, the first White Knight to the rescue. 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. Revenue jumped 187% from 2007. dividends not guaranteed, company doesn’t need to pay the dividends, company doesn’t need to redeem, if liquidation likely to get zero. < Dividend detail by stocks for 2nd Qtr 2018> As I mentioned before , I would like to reduce my REIT/Biz Trust allocation in my portfolio to around 40-45% in the long run as my portfolio is heavily skew towards these asset class since GFC where I took advantage to enjoy the double digit dividend yield from these REITs/ Biz Trust. 2 cents dividend or 2. ADR reports. 5 cents on 24th May which is. Source: Hyflux Ltd Annual Reports. It has also stopped payment of distribution on its $500 million 6. The writer owns Hyflux CPS 6% at the time of writing. Why Hyflux was able to pay dividend when the co was already in difficulty? 1. 01 8/23/2018 3. com:443/main/home/index. Hyflux News: This is the News-site for the company Hyflux on Markets Insider Hyflux gets deadline extensions to announce 2018/19 financial results. Therefore is similar to buying equity through your brokerage. 000% Perp/Callable 2018 Pref (SGD) - Retail and the HYFSP 6. The metaphorical nail in the coffin for Hyflux was when the group had trouble collecting its receivables as accounts receivables spiked from $149. 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. 5 cents on 24th May which is. 7 million on remuneration for its key executives, with CEO Olivia Lum receiving between S$750,000 and S$1 million…. (2) Under "Dividend Value", please note preference shareholders' entitlements to a cumulative preferential dividend at 6% per annum on the Liquidation Preference of each Preference Shares, calculated on the basis 182 days from (and including) 25 October 2017 to (but excluding) 25 April 2018 (being the relevant dividend period). As expected, July is a month with low dividend income, with Fraser CentrePoint Trust the only one received. 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. (Photo: Jeremy Long) Though Hyflux’s dividend per share peaked in 2010 at 4. / TISG Read related: SIAS calls new Hyflux plan to avoid liquidation “credible” and a “win” for its 34,000 shareholders. 2 million shares traded, on concern over the bank's exposure in Singapore's Hyflux Ltd, which is seeking. ELO Clinical Trial Agreement Signing Ceremony with Changi General Hospital in Singapore. Interview with an Investor of Hyflux. 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. Hyflux said in August that its consumer business is. Total Dividend Collected to Date: $84,121. Last Dividend Reported-- Q3 2018 (Millions. 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):. However, the news that Hyflux is issuing preference shares with an annual dividend rate of 6% is somewhat surprising to me. ELO Clinical Trial Agreement Signing Ceremony with Changi General Hospital in Singapore. Not sure about accounting today, but when I took a basic 1st year elective accounting module in Uni in 1990, preference shares & other perpetual securities were taught as equity, and to be treated as such, i. Hyflux says it will partially divest Tuaspring, subject to regulatory approvals. Secondly, Hyflux had tried to forfeit the S$39Mil deposit placed by the Salim-Medco, the first White Knight to the rescue. February 1, 2016 at 1:35 PM. 89% from 100. 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. HYFLUX LTD (600) $0. 09 Total Return: -41. Heck, i am not even working in the financial industry. Different corporate strategy and management focus are required in the health and wellness segment. When losses were also reported in its first quarter 2018 results released on 9 May 2018, certain financiers expressed concerns over their ability to continue with existing credit exposures to the Group. Hyflux perpetual bond price when last traded: $0. Honestboy said: Before Hyflux mgmt applied for the voluntary restructuring, a new law passed in 2018, the price of the bond and pref stock were still trading at 50% and 70% respectively. Hyflux chief Olivia Lum 'deeply saddened' by losses suffered by investors, lenders (The Straits Times, 15 Feb 2019) Yes, she should be ! even with all the losses she made and donating the share subsequently , she is still a multi-millionaire and have huge stake in privately own Hyfluxshop , also collecting fat pay till now. One should always question if the dividends are sustainable. is an investment holding company. *sigh* I am in the midst of redeeming S'pore Savings Bond GX18040W, which I did not include in the above table. The higher interest rates on the two perps are to compensate investors for the higher risk. The Municipal segment supplies a range of water and fluid treatment solutions to municipalities and governments, including commissioning, operation and maintenance of a range of water treatment and liquid separation plants. That's a total of 8% + 3% = 11% in 3 months. New York, Oct. 510 Hyflux 6% CPS 2018 has fallen 2. Interview with an Investor of Hyflux. Firstly, this post will not be me doing some hindsight analysis telling you that Hyflux has negative cashflow and then trying to sell you a course on how to identify companies like Hyflux. 10 (because historically, SIAEC's yield hovers around 4%). Thus, Hyflux needs to make a net profit attributable to owners of between $54. 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. HYFLUX - 14th April 2016 Hyflux is a global leader in sustainable solutions, focusing on the areas of water and energy. 2018 February: Hyflux will not redeem its preference shares until it divests the unprofitable Tuaspring project. The restructuring process began last May 2018 when Hyflux ceased its trade in all of Singapore exchange-listed shares which only alarmed its thousands of investors. ELO Clinical Trial Agreement Signing Ceremony with Changi General Hospital in Singapore. However, you did not miss the boat. Upon completion of its investment objectives, Temasek exited its Hyflux investment. But not all high-paying dividend stocks are bad. I probably prefer to buy the CPS that guarantees the 6% payout than to buy Hyflux equity ($0. We have received numerous enquiries about these two instruments issued by Hyflux. The court granted the voluntary restructuring and the trading was halted. This dividend resulted in coupons having to be paid to BTWZ as without a dividend to ordinary shareholders, there was no need of a coupon payment to BTWZ and it would accumulate instead. Step-up Dividend Rate If not redeemed by Hyflux on 25 April 2018, the dividend rate will step up to 8% per annum Dividend Payment Payable semi-annually when, as and if declared by the Hyflux Board, in arrears on 25 April and 25 October of each year Right to Redeem On any date on or after 25 April 2018 at the option of Hyflux. 5/Mwh-- according to Hyflux's CEO affidavit, it's points to the fact that Tuaspring would have made only slight losses ignoring financing cost. Find the latest dividend history for Hersha Hospitality Trust Class A Common Shares of Beneficial Interest (HT) at Nasdaq. It operates through the Municipal and Industrial business segments. That's a total of 8% + 3% = 11% in 3 months. Hyflux will not distribute the payment of its $500m 6% perpetual bonds which was scheduled on 28 May 2018 until further notice. Announcement Reference SG180215OTHRU7L5 Submitted By (Co. In 2018, I received $6,959. The coupon yield on these perps will step up from 6 per cent to 8 per cent per annum until they are redeemed. The troubles of water treatment firm Hyflux signals more challenging times ahead for the larger Singapore dollar bond market as close to $4b (US$3b) of SGD corporate bonds are set to mature by the end of 2019 and the number is tipped to hit around $13. Olivia Lum received around S$1million in salary, benefits, and bonuses plus another S$60 million in dividends. HrGlass THE HOUR GLASS LIMITED 1. What can we expect as Preference Share holders? If SALIM GP is so great, shouldn't perps and pref holders get 100% of their. is an investment holding company. To be fair to Olivia, she did seem to spend some money to result in a dividend in specie in February 2018. That means I only matched the market? Nope, most definitely a C- year. actually we should be careful. Different corporate strategy and management focus are required in the health and wellness segment. 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. 2018 was -1,111. Excluding CPF, Pension, SSB, US Markets, FD and Treasuries, this year dividends totaled $46, 551. Hyflux made steady progress in the consumer segment in 2016. 2018 was S$-3,911. The CEO assured the shareholders that DBS has done all the required due diligence and followed all the rules & regulations set by MAS. Find the latest dividend history for Hersha Hospitality Trust Class A Common Shares of Beneficial Interest (HT) at Nasdaq. Tuesday, June 12, 2018 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. 9 May 2018: 1Q Financial Results 2018: 27 Apr 2018: Annual General Meeting: 1 Feb 2018: Extraordinary General Meeting: 9 Nov 2017: 3Q Financial Results 2017: 3 Aug 2017: 2Q Financial Results 2017: 25 May 2017: Final Dividend Payment Date: 11 May 2017: Book Closure Date for Final Dividend: 4 May 2017: 1Q Financial Results 2017: 28 Apr 2017. But i am a perpertual ( N2H) and preference (BTWZ) holder, not a noteholder. That's a total of 8% + 3% = 11% in 3 months. See the upcoming ex dividend date and dividend history for Hersha Hospitality Trust (HT). The sale of a controlling stake in Hyflux to foreign entities will need waivers from national water agency PUB and other authorities. PETALING JAYA: The financial troubles of Singapore-based Hyflux Ltd may have contributed to the sharp retreat of MALAYAN BANKING BHD ’s (Maybank) share price yesterday. Find out the latest news headlines for HYFLUX (HYFXY). Thus, Hyflux needs to make a net profit attributable to owners of between $54. Therefore, Hyflux's annualized return on equity (ROE) for the quarter that ended in Sep. The troubles of water treatment firm Hyflux signals more challenging times ahead for the larger Singapore dollar bond market as close to $4b (US$3b) of SGD corporate bonds are set to mature by the end of 2019 and the number is tipped to hit around $13. Comments: 1. For hyflux, I think everything now hinges on their ability to sell tuaspring and Tianjin dagang. See the upcoming ex dividend date and dividend history for Hyflux Ltd (HYFXF). This is a visual representation of the price action in the market, over a certain period of time. Seek your opinion. If not redeemed then, the dividend rate will step up to 8 per cent. Olivia Lum received around S$1million in salary, benefits, and bonuses plus another S$60 million in dividends. 77 cents, the company had to cut it drastically in 2016. 29, 2019 (GLOBE NEWSWIRE) -- Reportlinker.  If Hyflux doesn't redeem the CPS, the dividend rate will be increased to 8%, which is even better right? If Hyflux doesn't redeem the CPS, they are also not allowed to pay dividends to the shareholders of the Hyflux shares. KUALA LUMPUR (May 24): Malayan Banking Bhd (Maybank)'s share price fell by 4. This month got the highest record of dividends due to my heavy purchase of Singtel, Starhill Global and ComfortDelgro a few months ago. Hyflux said on Monday that it obtained creditor Maybank’s approval to further extend the deadline to 28 February for finding a successful bidder or investor in the troubled water-infrastructure player. We are looking forward to November where bulk of the dividends payment will be made, especially from the REITs sector. 0% FY19 yield. Source: Hyflux Ltd Annual Reports. 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. And I learned the reason why shipping trusts have to pay more dividends over REITs when they IPOed Same goes for peer-to-peer lending. Hi everyone, Hyflux has earlier listed their perpetual capital which yield at 6% initially. 86 HU AN HU AN CABLE HOLDINGS LTD. Hyflux bad news is good news for me 03 Oct 2017 04 Aug 2017 by Trader Hyflux released their results yesterday and their Hyflux 6% CPS 10 perp price is again under pressure now as I am writing. Founder and CEO of struggling water treatment company Hyflux Olivia Lum refuted claims that she received S$60 million in dividends in 2017. However, Hyflux has to first pay off Maybank the $400 million loan it took. 18 at the time of writing with more than 68. As expected, July is a month with low dividend income, with Fraser CentrePoint Trust the only one received. I need to mention that specifically for Hyflux, I sold it at a loss of 67. Hyflux Ltd has been incurring a string of cash outflows from its operations since 2010. Why Hyflux was able to pay dividend when the co was already in difficulty? 1. But the longer it drags, the more equity gets eroded, they may become insolvent one day. (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. The timeline on 25 April 2018 has already passed us for more than a month. Revenue jumped 187% from 2007. HrGlass THE HOUR GLASS LIMITED 1. We are looking forward to November where bulk of the dividends payment will be made, especially from the REITs sector. Everyday, most people have to get up early, get squeezed like sardines on the MRT trains/public buses as they. SI) deferred until Tuaspring divestment. 4 million in 2017, owing to continued weak electricity. The operating losses of Tuaspring drove Hyflux to record its first full year of loss in 2017. In 2018, I received $6,959. The amount invested was $20,000. In a year full of high-profile IPOs, WeWork takes center stage as it moves towards its offering date, offering a fascinating insight into corporate narratives, how and why they acquire credibility (and value) and how quickly they can lose them, if markets lose faith. Get all the key statistics for HYFLUX (HYFXF), including valuation measures, fiscal year financial statistics, trading records, share statistics and more. A brief summary of my portfolio over the years is appended at the end of this post. In 2010, Hyflux rewarded the shareholders with bonus shares at 1 bonus share for 2 shares held by investors. The most impressive part was Hyflux continued to pay dividends throughout the years. To effect the distribution, Hyflux will appropriate about $14 million out of its retained profits to meet the amount of dividend to be declared. In an environment of low interest rates, isn't paying a 6% interest a bit expensive?. 655 HRNET HRNETGROUP LIMITED 0. Earnings per share jumped 78%. 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. Dividend payments would represent another drain on cash. Get all the key statistics for HYFLUX (HYFXF), including valuation measures, fiscal year financial statistics, trading records, share statistics and more. / TISG Read related: SIAS calls new Hyflux plan to avoid liquidation “credible” and a “win” for its 34,000 shareholders. 8 per cent stake in Hyflux's smaller consumer water business, Hyfluxshop. It operates through the Municipal and Industrial business segments. The cumulative preferred stock shareholders must be paid the $900 in arrears in addition to the current dividend of $600. 88 million) in dividends from her 34 per cent ordinary shareholding. Hyflux can’t avoid its creditors forever. Hyflux was forced to impose more cost-cutting measures after its previous deal fell apart with would-be white knight SM Investments, thereby breaking the restructuring agreement on 4 April. com approximately 10 working days before the dividend payment date. For hyflux, I think everything now hinges on their ability to sell tuaspring and Tianjin dagang. 88 million) in dividends from her 34 per cent ordinary shareholding. 12 October 2018 – Hyflux Ltd (Hyflux or the Group) wishes to alert all stakeholders of a fictitious account on well-known social network LinkedIn impersonating Ms Olivia Lum, Chairman and Group Chief Executive Officer of Hyflux Ltd. Between 30 July 2018 and 30 August 2018, RCRT’s shares on the Australian Securities Exchange were put on trading halt. 500 Payouts since then: $0. 30 Sep 2019. < Dividend detail by stocks for 2nd Qtr 2018> As I mentioned before , I would like to reduce my REIT/Biz Trust allocation in my portfolio to around 40-45% in the long run as my portfolio is heavily skew towards these asset class since GFC where I took advantage to enjoy the double digit dividend yield from these REITs/ Biz Trust. 005 8/23/2018 2. You know what's the saddest thing about this whole Hyflux shit? The majority of the people holding onto these toxic assets are not the savvy investors. Drew & Napier's Projects, Energy and Infrastructure (PE & I) Group leverages on the strengths of multidisciplinary resources within the firm, such as our dispute resolution, mergers & acquisitions, banking, capital markets, and project finance teams. 11%, from 0. 5% of the total rental income for Dec 2018 and about 7. 7% or 50 sen to RM10. the advisors and bankers are getting to know that in a risk adverse environment investors want safe dividend paying companies and as such they are touting instrutments or instruments of similar nature. Hyflux retail bonds are worth more than 40-60 during liquidation and this group are now plotting in the steering committee to make Hyflux investors go for loss-absorption (which will be rejected) and eventually liquidation and make a killing because they bought the debts cheaply. It was backed by its advisors and the bonds’ trustee. In its exchange filing, Hyflux explained that its liquidity constraints have worsened in recent weeks due to restrictions on the repatriation of monies into Singapore from overseas projects, and increasing collateral requirements for project financing. Hyflux has applied to the court to restrain creditors from winding up the company or seizing its assets for the next six months. i could be wrong on preference shares of hyflux, but there is a trend if you notice on the us financial circuit. 0M every year, before ordinary shareholders get to enjoy the profits. Was this highlighted to bondholders and shareholders? If so, in what form? Why did the Board continue to pay dividends, when the operating cashflow was negative and accumulate more debt during this time?”. Hi everyone, Hyflux has earlier listed their perpetual capital which yield at 6% initially. 8 per cent stake in Hyflux's smaller consumer water business, Hyfluxshop. Blog Headlines Announcements Dividends Bonus, Split & Consolidation Stock Quote Trending Now Market Filter Recent Stock Quote Active Stocks Top Gainers Top Losers Stocks Listing Latest Price Target Recent Search Top Price Target PORTFOLIO My Portfolio Public Portfolio. These preference shares are callable on 25 Apr 2018, failing which the dividend rate will step up to 8. Hyflux has been planning to divest up to 70 per cent of loss-making Tuaspring since February last year. 2018 February: Hyflux will not redeem its preference shares until it divests the unprofitable Tuaspring project. As they were unable to strengthen their cash generating abilities, it came as no surprise that they ultimately defaulted on their coupon payment in May 2018. Reuters provides trusted. Feb 2018 USEP was $99. Hyflux - Sustainable Solutions That Transform Lives. Hyflux announced on 10 May 2018 of a coupon payment to BTWZ. Stock owners receive dividends in proportion to the number of. Hyflux Ltd. Just Read the Terms, hyflux have to increase to 8% for its 2018 callable bonds (if not called) Price around 94 now. It did not mention that in February 2018, she received a dividend in specie, amounting to a 23. Redemption of Hyflux 6% CPS (N2H. The Board of Directors has proposed a final dividend of 13. 0% FY19 yield. The Class A Pref­er­ence Shares will be cumu­lat­ive, non-con­vert­ible and non-vot­ing and also non-dilut­ive to exist­ing ordin­ary share­hold­ers. 7% or 50 sen to RM10. However, do take note that the preference shares are not rated and most probably only Singaporeans are familiar with Hyflux. If we are to observe for every increase of about $18 in USEP, Tuaspring generates about $30 million more in profitability. 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. Money FM 89. 89% from 100. com:443/main/home/index. I hope that fellow investors out there did not and will not lose much from this. Hyflux said on Monday that it obtained creditor Maybank’s approval to further extend the deadline to 28 February for finding a successful bidder or investor in the troubled water-infrastructure player. Tuesday, June 12, 2018 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. In addition, Hyflux has the option but not the obligation to redeem the HYFSP 6. Name) Lim Poh Fong Designation Company Secretary Description (Please provide a detailed description of the event in the box below). Earlier this month, Utico, a UAE water utility offered to invest S$400 million in Hyflux, offering a binding agreement. If they don't do it, they will have to increase the yield to 8%. Dividend payments would represent another drain on cash. Designed to deliver the convenience and efficiency of small water treatment system to end users, Hyflux’s Standard Membrane Systems (SMS) are capable of treating water from a wide range of sources for various applications by industries and small communities. The application was made on 16 Feb jointly with. The metaphorical nail in the coffin for Hyflux was when the group had trouble collecting its receivables as accounts receivables spiked from $149. 21-Feb-2018: Is StarHub Borrowing to Pay Shareholders Dividends? 02-Oct-2017: Hyflux’s Worrying Cash Flow Situation; We urge our readers to review these past articles above on how we can avoid the pitfalls of investing in companies with unsustainable dividends. Interview with an Investor of Hyflux. I made a mistake investing in the Hyflux perpetual security. I thought it was a no-brainer to buy it because the CPS redemption date is 25 Apr 2018, and the shares are going below $92. Business Times 73d. Oh wait, but my dividend yield for the year happens to be precisely 3. We have received numerous enquiries about these two instruments issued by Hyflux. Find the latest HYFLUX (HYFXY) stock quote, history, news and other vital information to help you with your stock trading and investing. Dividends are common dividends paid per share, reported as of the ex-dividend date. Reuters provides trusted. Also, keeping an eye on Hyflux. Designed to deliver the convenience and efficiency of small water treatment system to end users, Hyflux’s Standard Membrane Systems (SMS) are capable of treating water from a wide range of sources for various applications by industries and small communities. Stay alerted to dividend announcements for HYFXF and all the companies you follow at NASDAQ. 2018] Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit). It also has three perpetual securities with embedded call provisions, obliging the company to redeem them upon its first call dates (which falls between 2016 and 2018), or face hefty variable coupon step-up rates. PBBANK share price, PBBANK intra day share price movement, PBBANK 3 months share price movement, PBBANK 6 months share price movement, PBBANK 1 year share price movement, PBBANK all time share price movement, PBBANK 1295, PUBLIC BANK BERHAD (1295), PBBANK quarter report, PBBANK financial report, PBBANK dividend, PBBANK dividend history. Hyflux's annualized net income attributable to common stockholders for the quarter that ended in Sep. I hope that fellow investors out there did not and will not lose much from this. Shared Portfolios Stats All Shared Portfolios 0% holds 600 (0/199) 0% recent buy involves 600 (0/106) 0% recent sell involves 600 (0/47) SGD NA is median buy price (0/199) SGD NA is recent median buy price (0/106) SGD NA is recent median sell price (0/47) *recent means in the last 14 days. Honestboy said: Before Hyflux mgmt applied for the voluntary restructuring, a new law passed in 2018, the price of the bond and pref stock were still trading at 50% and 70% respectively. What Does Sustainable Dividends Look Like? In general, we like dividend paying. 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. We have received numerous enquiries about these two instruments issued by Hyflux. As of today, Hyflux's Dividend Yield % is 0. DUBLIN, Oct. At the end of September 2018, the value of Hyflux’s held-for-sale assets was S$651 million, or S$824 million lower. To be fair to Olivia, she did seem to spend some money to result in a dividend in specie in February 2018. 5% of the total rental income for Dec 2018 and about 7. 28 data tables and 64 additional tables An overview of the global market for novel water sustainability technologies Analyses of global market trends, with data from 2018, estimates for 2019 and projections of compound annual growth rates through 2024 Information on key global projects on water sustainability and desalination& reuse projects running in. Dividends are common dividends paid per share, reported as of the ex-dividend date. View the latest HYF stock quote and chart on MSN Money. In particular, the Group is optimistic on the potential of the newly-launched ELO brand and expects it to have a more meaningful impact on earnings by 2018. Hyflux Ltd 3/29/2019 11:08 PM Page 8 of 30 1(c) A statement of cash flows (for the Group), together with a comparative statement for the corresponding period of the immediately preceding financial year. Drew & Napier's Projects, Energy and Infrastructure (PE & I) Group leverages on the strengths of multidisciplinary resources within the firm, such as our dispute resolution, mergers & acquisitions, banking, capital markets, and project finance teams. 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. STI has started to pullback and there should be opportunities to accumulate this month. On the other hand, Hyflux issued perpetual bonds to roll over maturing debt; in fact, when they issued the bond in 2016, they had NEGATIVE cashflow from operations and net debt to equity ratio of 0. A Dividend Seeker on SGX website is an attempt to seek out the Dividend Yields of counters listed on Singapore Stock Exchange, SGX. Under the proposed distribution, entitled shareholders holding 10 Hyflux Shares as at book closure date would receive one Hyfluxshop share at no charge. Hyflux has said that oversupply of gas in Singapore depressed electricity prices and the weakness in the power market will likely pose challenges for its performance in 2018. It operates through the Municipal and Industrial business segments. HYFLUX LTD (600. The court granted the voluntary restructuring and the trading was halted. The Accounting for Hyflux's Water Treatment Plants Hyflux develops and operates various types of water treatment plants for municipals and industrial companies in concessions of 20 to 30 years. Stock analysis for Hyflux Ltd (HYFXF:OTC US) including stock price, stock chart, company news, key statistics, fundamentals and company profile. (1) Restated to include December 2010 issue of one bonus share for every two existing ordinary shares. Hyflux fails to divest Tuaspring by the end of 2017, as earlier planned. 01-Feb-2018 12:49:56 Status New Announcement Sub Title PROPOSED DIVIDEND IN SPECIE OF SHARES IN HYFLUXSHOP HOLDINGS PTE LTD - NEW RULING FROM THE SIC Announcement Reference SG180201OTHR4JH9 Submitted By (Co. I made a mistake investing in the Hyflux perpetual security. As of March 31, 2018, Hyflux’s debts totals $2. In this scenario, things pan out as we wanted, perp holders get back their money when Hyflux redeemed them in 2018 or 2020. As they were unable to strengthen their cash generating abilities, it came as no surprise that they ultimately defaulted on their coupon payment in May 2018. 5% of the total rental income for Dec 2018 and about 7. The timeline on 25 April 2018 has already passed us for more than a month. Comments: 1. 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. To effect the distribution, Hyflux will appropriate about $14 million out of its retained profits to meet the amount of dividend to be declared. 86 HU AN HU AN CABLE HOLDINGS LTD. In an environment of low interest rates, isn't paying a 6% interest a bit expensive?. This is a visual representation of the price action in the market, over a certain period of time. The perpetual and preference shareholders were owed $900 million in total. Is this what you want to do? Not me Then, where is the incentive to vote Yes? Think carefully and vote wisely. In fact, the tenets of dividend investing taught in the course saved me on many occasions - Hyflux, Starhub, Asian Pay Television Trust, etc. Hints : [1] Click the icon table to view the Entitlement detail page. SIAS raises questions about Hyflux CEO’s remuneration amid financial troubles Despite reporting losses of S$115. 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. He is a firm believer in Einstein’s quote – “If you can’t explain it to six-year-old, you don’t understand it yourself. Therefore, SIAS brought up the question of how Hyflux’s CEO, Ms. The Municipal segment supplies a range of water and fluid treatment solutions to municipalities and governments, including commissioning, operation and maintenance of a range of water treatment and liquid separation plants. As pointed out in a Shares Investment article dated 02 November 2018, I quoted from 19 October 2018 Business Times (BT) article that the entire Hyflux group had bank debts at about $1. My average dividends yield has increased slight by 0. 5 cents for the next 7 weeks and finally broken down to touch 53. In 2016, Hyflux’s $300 million perpetual securities were selling like hotcakes as wealth builders rushed to purchase them like holy water. Find the latest dividend history for Hersha Hospitality Trust Class A Common Shares of Beneficial Interest (HT) at Nasdaq. Assuming if Hyflux accumulates the pref dividend by not paying out any dividends to both pref shareholder and ordinary shareholders. Hyflux made steady progress in the consumer segment in 2016. Hyflux's annualized net income attributable to common stockholders for the quarter that ended in Sep. Hyflux currently has about $18. Announcement on the dividend payment status will be made on SGX as well as on our corporate website at www. Hyflux defaulted its coupon payment for its 6% perpetual securities and has applied for a debt reorganization and in the worst case scenario, it may even go bankrupt. It operates in two segments, Municipal and Industrial. Dividend News; News. Unfortunately, KPO realized that a few of his colleagues are/were holding either the shares or the perpetual securities. 1783 2018-02-05 2018-02-15 DIV IN SPECIE SGD 0. Business Times 73d. Become a member for free. Consolidated Questions For Hyflux Townhall Meeting on 19 and 20 July 2018 - Hyflux- continued Disclaimer: I am not an investment advisor. Between 30 July 2018 and 30 August 2018, RCRT’s shares on the Australian Securities Exchange were put on trading halt. Heck, i am not even working in the financial industry. These are the Singapore stocks to watch on Thursday 24 May 2018: Keppel, Falcon Energy, Hyflux, Yongnam, Boustead Singapore and Tianjin Zhong Xin Pharmaceutical. In 2018, I received $6,959. 1 million in FY 2016 to $291. However, you did not miss the boat. SINGAPORE: Water treatment firm Hyflux is still working towards formulating the terms of a scheme of arrangement involving creditors, the group said, dismissing recent media articles reporting the. KUALA LUMPUR (May 24): Malayan Banking Bhd (Maybank)'s share price fell by 4. 5046% (an implied credit score of bb+) 2. Hyflux says it will partially divest Tuaspring, subject to regulatory approvals. While I did not apply for it, the price went up by 1% and for those who are safer and wish to invest in bonds, this may be a good one to enter. Find out the latest news headlines for HYFLUX (HYFXY). Additionally, Hyflux has four outstanding bonds issued under its debt issuance programme, with maturities extending into 2019. Is this what you want to do? Not me Then, where is the incentive to vote Yes? Think carefully and vote wisely. Also, keeping an eye on Hyflux. The amount invested was $20,000. HrGlass THE HOUR GLASS LIMITED 1. 1 million in FY 2016 to $291. 12 October 2018 – Hyflux Ltd (Hyflux or the Group) wishes to alert all stakeholders of a fictitious account on well-known social network LinkedIn impersonating Ms Olivia Lum, Chairman and Group Chief Executive Officer of Hyflux Ltd. The applications will be heard in court on Sept 30, when the previous extension expires. Hyflux Price: This is the Price-site for the company Hyflux on Markets Insider. Total dividends received since 2018: $687. However, the news that Hyflux is issuing preference shares with an annual dividend rate of 6% is somewhat surprising to me. buy retail bond for dividend only, not thinking of capital gain on the share price, the investment is for Low return, lower risk. SI) Bloggers Say Hyflux Stock Info HYFLUX LTD Stock Info SGX Listed HYFLUX LTD (SGX:600) Stock Info 600. Based on current USEP prices of $105 (as of 12 Feb 2019). Hyflux will continue its oeprations after selling Tuaspring for a cash proceeds of about $700-850 Million. This post is an interview with myself, aka SingularityTruth, on what I currently think and feel about what is…. com” financial websites in Singapore in 2018.