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M1 (formerly: MobileOne)
19-07-2017, 10:07 AM, (This post was last modified: 19-07-2017, 10:07 AM by CY09. Edit Reason: edits )
Post: #601
RE: M1 (formerly: MobileOne)
Gearing rose because the company has been sustaining its sky high dividends through cashflow and borrowing more.

It is unsustainable as they eventually have to repay the debts (which is soon). Perhaps its also due to their majority shareholders needing cash to help other segments of their business. So milking the child company and then hoping they can offload their stakes after bleeding the child dry.

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19-07-2017, 10:43 AM,
Post: #602
RE: M1 (formerly: MobileOne)
(22-03-2017, 12:06 PM)YMPL Wrote:
(22-03-2017, 11:30 AM)corydorus Wrote: Can't understand why would one want to takeover or privatize it considering it is a weak business. So not talking even about good premium. Upside is limited with 4th Telco, and M1 is wholly local market.

How about a buyer with global telco biz, M1 is just part of its global strategy? How about an "acquisition" which will eliminate the downside of 4th telco in Singapore?

I don't consider M1 biz is weak, with ROE 37%, and ROCE 20%, based on the latest 2016 AR.

(just wild speculation)

So called off. Nobody going to offer a realistic price that main shareholder would like to have i guess.

Just my Diary

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24-07-2017, 10:30 AM,
Post: #603
RE: M1 (formerly: MobileOne)

What is the rational as both are owned by Temasek?
The toughest thing to do is have to wait for the opportunity patiently.

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24-07-2017, 12:00 PM,
Post: #604
RE: M1 (formerly: MobileOne)
Seatown is like an alternative investment arm just like Fullerton is more a traditional long fund. They are independently managed units from Temasek
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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08-08-2017, 04:32 PM,
Post: #605
RE: M1 (formerly: MobileOne)
The share price is now languishing at $1.76. It takes a lot of conviction to hold/ buy, taking into consideration the competition from 4th Telco and OTT, decreasing ARPU, etc. Will its fibre and corporate side of the business pick up the slack? Any comments from valuebuddies?

I noticed that M1 has been doing a lot of marketing promos lately though.
Winston Churchill:-
“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
"The farther backward you can look, the farther forward you are likely to see."

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28-09-2017, 11:13 AM,
Post: #606
RE: M1 (formerly: MobileOne)
M1 has to do more marketing just to maintain its market share, given the competition.

They have cut dividends, but will these cuts be sufficient, with gearing still rising?

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18-10-2017, 12:24 PM,
Post: #607
RE: M1 (formerly: MobileOne)
M1 announced its 3Q17 results this week. Noticeably, YoY decline of profitability (in double digits) has slowed down to single digit.

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27-10-2017, 08:56 AM,
Post: #608
RE: M1 (formerly: MobileOne)
It's time to close shorts on M1 - a lot of news is priced in and results are less negative (mobile revenue +3.4%), while data growth is exploding:

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