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Hyflux's share price has fallen in the last 5 years (from 1Jul13) consistently, from $1.25 to only $0.215 now. This must be a painful and sad affair for all those who have believed in SG Government's water strategies, Hyflux as a stock, and Olivia Lum, Hyflux's founder/Chairman/CEO. If we take a closer look into Hyflux's latest B/S, it should be quite clear to most that Hyflux has been managing its finances aggressively.
When I last drove past Hyflux's huge Tuaspring desalination/power plants on Tuas South Ave 3, my simple conclusion was that such large-scale infrastructures should have been funded by PUB/SG Government in the first place. Let's see how Hyflux and PUB can unwind from this seemingly under-utilised asset..
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it's a bit different now that Malaysia has a change of gov.... :O
3 sen per gallon is up for negotiation and suddenly water security has become a talking point again...
renewed interest for sg gov in hyflux again...
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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Not really unexpected I guess
Hyflux Ltd., the Singapore water treatment firm, is considering seeking a form of court protection to facilitate negotiations with creditors, people with knowledge of the matter said.
The company is considering asking the Singapore courts for a 30-day moratorium preventing creditors from taking certain actions that could hurt its financial position, according to one of the people. The move would give Hyflux space to work out an arrangement with the creditors, the person said, asking not to be identified because the information is private. It may file an application as soon as Tuesday, the person said.
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
Think Asset-Business-Structure (ABS)
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22-05-2018, 11:11 PM
(This post was last modified: 22-05-2018, 11:15 PM by CY09.)
I will not be surprised that we will witness another round of bond conversion to equity deal. Hyflux is burning too much cash and it's massive debt interest is killing it. I wonder if banks holding millions of debt will extend them a lifeline through low interest deals
I do not mind giving Ezion solution to hyflux as a solution. Easily digestable and it will nett me a handsome remeuration
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23-05-2018, 07:47 PM
(This post was last modified: 23-05-2018, 07:56 PM by karlmarx.)
If Hyflux can be liquidated at said valuation -- most, if not all -- of the debt holders will get back their monies. There is no need for them to convert to equity.
This also means that most likely the shareholders will not get back anything.
Just months earlier, Olivia Lum has cleverly given herself a lifeline by spinning off the consumer business. And offering to buy the unwanted shares. If she gets removed as part of the restructuring, she'll move on with a new mission of selling elo water.
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