We discussed a few months ago that last FY's undisclosed losses could exceed $1 billion due to fake valuations.
BOMBSHELL FOR TONIGHT - Hyflux booked $1.147billion of losses in the first 9-mths of last Fiscal Year.
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Regulators Refusing to Act - Hyflux & Noble Group's Decline
- Thread starter JustLikeThis
- Start date
We discussed a few months ago that last FY's undisclosed losses could exceed $1 billion due to fake valuations.
BOMBSHELL FOR TONIGHT - Hyflux booked $1.147billion of losses in the first 9-mths of last Fiscal Year.
Like that still no police case?
Hyflux said that one share is worth -55.1cents now.
If haircut goes through, every share is worth 4.2cents
If haircut goes through, every share is worth 4.2cents
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Hyflux assumed that the restructuring goes through, the paper value of the company is almost $1billion (equity).
Indonesians paying $400m to get 60% of the $1billion equity.
Almost 50% paper gain. We >90% actual losses
Indonesians paying $400m to get 60% of the $1billion equity.
Almost 50% paper gain. We >90% actual losses
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Looks like not only Tuaspring, TuasOne is another burden
https://www.hyflux.com/wp-content/uploads/2019/03/Affidavit-1-March-2019-2.pdf
This document hints that TuasOne's lenders going to take action if Mitsubishi is not unhappy. (just my interpretation). Lenders trust Mitsubishi more than Hyflux. Might as well sell TuasOne's stake in liquidation to pay creditors. I think many will be interested, not limited to Mitsubishi.
https://www.hyflux.com/wp-content/uploads/2019/03/Affidavit-1-March-2019-2.pdf
This document hints that TuasOne's lenders going to take action if Mitsubishi is not unhappy. (just my interpretation). Lenders trust Mitsubishi more than Hyflux. Might as well sell TuasOne's stake in liquidation to pay creditors. I think many will be interested, not limited to Mitsubishi.
LOL
pappy Govt says sinkies are too dumb and no money sense !
"Risks are inherent in investment," said Mr Ong Ye Kung, Monetary Authority of Singapore board member.
"We will continue to educate the investing public on the trade-off between risk and return through the MoneySense programme,"
https://www.straitstimes.com/politi...-part-by-only-taking-risks-they-can-live-with
pappy Govt says sinkies are too dumb and no money sense !
"Risks are inherent in investment," said Mr Ong Ye Kung, Monetary Authority of Singapore board member.
"We will continue to educate the investing public on the trade-off between risk and return through the MoneySense programme,"
https://www.straitstimes.com/politi...-part-by-only-taking-risks-they-can-live-with
No its not going to work. Once mas wash hands, other than a lawsuit its done.
Lee Kuan Yew educated us the importance of water. Hyflux's 4% bonds, preference shares and perpetuals were all oversubscribed when launched because of this faith.
His son did otherwise with his indifference.
Since MAS washes their hands off the issue, there are two final chances; 50000 investors start to rally support to bring in a new political party, or simply go ask Mahathir to stop selling water to Singapore. Either way all problems solved. My fellow notes holders invested in Hyflux because of it's political significance to Singapore. Can't imagine that today, we need political means to save ourselves out of the situation.
NOTES HOLDERS Remember to VOTE NO to the restructuring - GET ALL OUR MONEY BACK
SIAS IS BIASED AND ADVISES BECAUSE OUR LEGAL GOT A SOLUTION.
https://www.channelnewsasia.com/new...edium-term-noteholders-to-cast-votes-11295576
SIAS never care bothered with us. SIAS is giving stupid advises to retail investors. All of the sudden, their attention is turned to us because SIAS panic and started to worry about us after our legal explained to our core group that all we have to do is to VOTE NO. And we can get our 100% and penalty interests back.
Voting Yes means getting bullied and writen-off unfairly. Olivia and management gets a lot for turning the company around, and turning the company around means impairment. Read below we have a solution if we all vote No.
SIAS IS BIASED AND ADVISES BECAUSE OUR LEGAL GOT A SOLUTION.
https://www.channelnewsasia.com/new...edium-term-noteholders-to-cast-votes-11295576
SIAS never care bothered with us. SIAS is giving stupid advises to retail investors. All of the sudden, their attention is turned to us because SIAS panic and started to worry about us after our legal explained to our core group that all we have to do is to VOTE NO. And we can get our 100% and penalty interests back.
Voting Yes means getting bullied and writen-off unfairly. Olivia and management gets a lot for turning the company around, and turning the company around means impairment. Read below we have a solution if we all vote No.
Why cannot sue? Wasting time. Ge is like midyear
We discussed a few months ago that last FY's undisclosed losses could exceed $1 billion due to fake valuations.
BOMBSHELL FOR TONIGHT - Hyflux booked $1.147billion of losses in the first 9-mths of last Fiscal Year.
凯发首九个月净亏11亿
https://www.zaobao.com.sg/zfinance/news/story20190303-936431
Everyone trying to sweep these under the carpet, not seeking justice and jail the wrong doers. It was fake accounting like Enron? The huge impairments happened in Oil and Gas industry because oil nose dived from US$120 per barrel to just US$40. Nothing of these happened to Hyflux. It was just cooked valuations, even when they launched the retail 6% preps.
Hyflux reports S$916 million impairment for Tuaspring, other assets
https://www.businesstimes.com.sg/co...million-impairment-for-tuaspring-other-assets
David Gerald, president of the Securities Investors Association (Singapore) or Sias, said that the provision for impairment was needed to reflect the "true value" of Hyflux's assets amid the restructuring exercise.
You are looking for corrupt goverment to protect you. The definition of madness
It's Karma. We deserve what we voted.
Corrupt is a lessor evil. Corrupted officials in Asian countries take pocket money but still delivers. Singapore takes high pay and so confident of their iron rice bowls, give arrogant "all investments have risk" response to cover up their oversights when so many members of the public are affected.
If there is Karma, tell me why the bad people are richer and lives longer.
These kids laughed at us and want to teach us how to invest.
https://investtravelplay.com/hyflux-singapore-government-bailout-petition-part-2/
"To demand that the country draw from the coffers of the country to fix the mistakes (and greed) of a group is simply alarming.
This petition came up because there has been a precedent of government intervening on the side of retail investors, most notably, starting 9from the Lehman Brother’s minibond saga.This sets a dangerous trend. Is the government going to bail out investors every time a retail investors suffer losses?"
Want to be gurus ah? How much wealth you accumulated now? Loans not counted ok? Got own a car or not?
Put money where your mouth is ok? Don't be too arrogant, you are also a scammer.
Got kicked out of your previous jobs, is it?
If you are good, you don't need to beg people to attend your programs. hahaha
The people behind Invest Travel Play (ITP)
Chloe Lin is a certified ACTA trainer (WSQ Advanced Certificate in Training and Assessment) and she has been an investment trainer for 3 years. She learnt Value Investing from Sean Seah, the founder of Value Investing College, who is also the Asian Buffettologist. Since then, she has been teaching investing to thousands of students across the world.
She was also invited by UOB Kay Hian to go to SGX to give investment talk.
Her competence in facilitation and training is further enhanced after she completed her ACTA course. With clear learning outcomes in mind, she is able to deliver her lessons effectively through fun and engaging activities, providing the learners the best learning experience.
Hao Ling is a passionate stock investor with 3 years of stock market experience. He has attended Value Investing Bootcamp from Sean Seah, widely known as the Asian Buffettlogist, from Value Investing College. He was subsequently invited to join the stock research team of VIC by his other mentor, Paul Chan.Through his role in the research team, he has shared his ideas and opinions of specific companies and industries to graduates of Value Investing College in monthly meetups.
He advocates active management of personal finances and secondary income generation through passive means as alleviating financial burdens will allow anyone to achieve time freedom in their lives.
He believes in constant learning and giving back to society, which aligns with the mission of ITP of providing value and assisting learners in avoiding the pitfalls of the money markets with the eventual target of generating enough passive income for their lifestyle.
https://investtravelplay.com/hyflux-singapore-government-bailout-petition-part-2/
"To demand that the country draw from the coffers of the country to fix the mistakes (and greed) of a group is simply alarming.
This petition came up because there has been a precedent of government intervening on the side of retail investors, most notably, starting 9from the Lehman Brother’s minibond saga.This sets a dangerous trend. Is the government going to bail out investors every time a retail investors suffer losses?"
Want to be gurus ah? How much wealth you accumulated now? Loans not counted ok? Got own a car or not?
Put money where your mouth is ok? Don't be too arrogant, you are also a scammer.
Got kicked out of your previous jobs, is it?
If you are good, you don't need to beg people to attend your programs. hahaha
The people behind Invest Travel Play (ITP)
Chloe Lin is a certified ACTA trainer (WSQ Advanced Certificate in Training and Assessment) and she has been an investment trainer for 3 years. She learnt Value Investing from Sean Seah, the founder of Value Investing College, who is also the Asian Buffettologist. Since then, she has been teaching investing to thousands of students across the world.
She was also invited by UOB Kay Hian to go to SGX to give investment talk.
Her competence in facilitation and training is further enhanced after she completed her ACTA course. With clear learning outcomes in mind, she is able to deliver her lessons effectively through fun and engaging activities, providing the learners the best learning experience.
He advocates active management of personal finances and secondary income generation through passive means as alleviating financial burdens will allow anyone to achieve time freedom in their lives.
He believes in constant learning and giving back to society, which aligns with the mission of ITP of providing value and assisting learners in avoiding the pitfalls of the money markets with the eventual target of generating enough passive income for their lifestyle.
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These kids laughed at us and want to teach us how to invest.
https://investtravelplay.com/hyflux-singapore-government-bailout-petition-part-2/
"To demand that the country draw from the coffers of the country to fix the mistakes (and greed) of a group is simply alarming.
This petition came up because there has been a precedent of government intervening on the side of retail investors, most notably, starting 9from the Lehman Brother’s minibond saga.This sets a dangerous trend. Is the government going to bail out investors every time a retail investors suffer losses?"
Want to be gurus ah? How much wealth you accumulated now? Loans not counted ok? Got own a car or not?
Put money where your mouth is ok? Don't be too arrogant, you are also a scammer.
Got kicked out of your previous jobs, is it?
If you are good, you don't need to beg people to attend your programs. hahaha
The people behind Invest Travel Play (ITP)
Chloe Lin is a certified ACTA trainer (WSQ Advanced Certificate in Training and Assessment) and she has been an investment trainer for 3 years. She learnt Value Investing from Sean Seah, the founder of Value Investing College, who is also the Asian Buffettologist. Since then, she has been teaching investing to thousands of students across the world.
She was also invited by UOB Kay Hian to go to SGX to give investment talk.
Her competence in facilitation and training is further enhanced after she completed her ACTA course. With clear learning outcomes in mind, she is able to deliver her lessons effectively through fun and engaging activities, providing the learners the best learning experience.
Hao Ling is a passionate stock investor with 3 years of stock market experience. He has attended Value Investing Bootcamp from Sean Seah, widely known as the Asian Buffettlogist, from Value Investing College. He was subsequently invited to join the stock research team of VIC by his other mentor, Paul Chan.Through his role in the research team, he has shared his ideas and opinions of specific companies and industries to graduates of Value Investing College in monthly meetups.
He advocates active management of personal finances and secondary income generation through passive means as alleviating financial burdens will allow anyone to achieve time freedom in their lives.
He believes in constant learning and giving back to society, which aligns with the mission of ITP of providing value and assisting learners in avoiding the pitfalls of the money markets with the eventual target of generating enough passive income for their lifestyle.
Ignore these noises. They are unsympathetic to that fact that it is about fraudulent accounting. Many online "gurus" like them are just capitalizing on our problems to raise the profile and traffic of their website.
If their hearts are no good, let them be.
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