Netlink Trust

[corydorus]

Why are we investing just based on WACC ???? Make sense ?

What happen the the end product, sustainability, moat, leverage, growth ....

Actually yes.  For a regulated utility WACC is everything because the regulator sets revenues.  There are discussions about moat and technology in this thread from last year, nothing has changed.

Hi ghchua, thanks for sharing, I agree and am against their trust deed change to invest overseas.  I hope it is just management fantasy, not a plan.  IMO, NLT does not have the scale or expertise to buy overseas infrastructure (which would probably be cell towers), even as a minority partner.  They are not a GIC or Brookfield.

IIRC, there is also Depreciation and Opex factors that need to consider. ( Past 10 years ? ). The Cost of debt is tricky because it was within Singtel previously.

Another consideration which I am not sure will they consider for investor returns in term of current stock price.