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14 million units in one day is the most. Frankly while I was not surprised that they would run out, I did not expect them to run out so soon.
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TAIWAN BROADBAND COMMUNICATIONS RECEIVES APPROVAL TO EXPAND CABLE NETWORK FRANCHISE
http://info.sgx.com/webcoranncatth.nsf/V...600322E41/$file/26062013APTTTBCRezoning.pdf?openelement [Announcement]
Note that it intends to pay 8.93 cents dividend in FY 2013 (including one-off distributions). The debt facility matures in 7 years time. APTT is currently trading at 85.5 cents or close to 10% yield.
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Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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I have my concerns on whether the Trust can continue to maintain revenue from Cable TV in view of the falling ARPU and younger generation using the Internet to stream movies / tv shows. The broadband segment isn't a large segment in their revenue so they can't benefit from this. I think this has been voiced out in this thread many times. Really a wait and see.
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Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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01-07-2013, 11:44 AM
(This post was last modified: 01-07-2013, 12:12 PM by mobo.)
Actually I am quite confused with this, I thought someone posted earlier that TBC is in the red for some years, how come it can pay out such generous dividends?
I know others like Starhub or even other trust like Hutchison and K-Green can pay out dividends higher than profits because of the cashflow, but from losing money to paying out 9% dividend is such a huge gap, where does the money really come from?
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01-07-2013, 11:48 AM
(This post was last modified: 01-07-2013, 11:57 AM by CY09.)
it is possible that they have high non-cash expenses like depreciation, hence the business is generating positive cash flow after deducting off depreciation and thus are paying dividends out of cashflow.
E.g. Company A: cash revenue (+1000), expenses in 1) labour (-300), 2) Depreciation expense (-800). Reported Loss (-100),
cash flow that is generated minus depreciation (+700)