Author: The Simplified Resource For Investing and Personal Finance

On Why the Rich get Richer and the Poor get Poorer – The Hyflux Proposal Is Out!

Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don’t wish to be assumed to be one. I make losses frequently. In the vain attempt to make an emotional connection to the retail investors so that we would more likely accept her proposal, this woman called Olivia Lum says “she is deeply saddened”. And as an...

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Why Did So Many Singaporeans Invest in Hyflux – The Positive Image Illusion

Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don’t wish to be assumed to be one. I make losses frequently. The Genesis of the Positive Perception of Hyflux 1) Olivia nominated as member of the Corporate Governance Council of Singapore – playing an advisory role to MAS, ACRA and SGX From MAS Website, published in 2010...

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The Overlooked Importance of another Regulatory Risk – Hyflux

Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don’t wish to be assumed to be one. I make losses frequently. Background 1) Developing Singapore as a LNG Hub In 2013, Singapore’s first LNG terminal began operations. Prior to 2013, Singapore’s only option was to import natural gas through pipelines from Malaysia and Indonesia. To support...

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The Underrated Importance of Regulatory Risk – Hyflux

Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don’t wish to be assumed to be one. I make losses frequently. The effort to divest Tuaspring started in January 2017. DBS and CICC Bank were appointed as advisors for the divestment exercise. By August 2017, more than 50 parties had indicated an interest in Tuaspring and...

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Another bomb to the retail investors of Hyflux

Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don’t wish to be assumed to be one. I make losses frequently. FILE YOUR PROOF OF CLAIM HERE “Any party who is required to and does not file their proof of claim by 5.00pm on Friday, 15 February 2019 will (subject to the Proposed Chairman’s discretion) not...

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What happened at Hyflux’s Second Townhall Meeting.

Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don’t wish to be assumed to be one. I make losses frequently. ” My company today is unlike other restructuring..the founder is still in the driver seat in those companies. They still own substantial shares, so they will still want to continue running the company . Whereas...

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Where to find the money to pay back retail investors?- Hyflux

If you are still unaware, a telegram group consisting of Hyflux retail investors have been set up to facilitate communication. One can sense the frustration of retail investors from the messages posted. Every now and then, there are people who would offer good insights into what is happening. With such a long wait for the outcome and lack of concrete updates from the investor relations, it is little wonder that speculations are rife. Some even commented that since Hyflux doesn’t seem to have much money, is it possible to claim from the professional indemnity insurance of the board of...

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The accredited investors are against the retail investors – Hyflux

Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don’t wish to be assumed to be one. I make losses frequently. Based on the 15 Nov affidavit, 5 banks and representatives of the Medium Note Holders ( those who bought the wholesale bonds at 250k minimum), collectively known as accredited investors proposed the following for the...

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My layman views on so called " white knights" of Hyflux

Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don’t wish to be assumed to be one. I make losses frequently. Overview To summarise the major developments that rocked the world of only Hyflux stakeholders recently:  1) News mentioning that Hyflux received only one final bid for Tuaspring by a local company, Sembcorp which is not...

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My layman views on so called " white knights" of Hyflux

Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don’t wish to be assumed to be one. I make losses frequently. Overview To summarise the major developments that rocked the world of only Hyflux stakeholders recently: 1) News mentioning that Hyflux received only one final bid for Tuaspring by a local company, Sembcorp which is not...

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What happened to other Debt Restructuring Exercises – Nam Cheong

Nam Cheong is in the business of shipbuilding and vessel chartering. Its business was affected by the oil price environment leading to the oversupply of newly built offshore supply vessels by competitors and lower demand of its vessels. Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don’t wish to be assumed to be one. I...

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What happened to other Debt Restructuring Exercises – Nam Cheong

Nam Cheong is in the business of shipbuilding and vessel chartering. Its business was affected by the oil price environment leading to the oversupply of newly built offshore supply vessels by competitors and lower demand of its vessels. Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don’t wish to be assumed to be one. I...

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What happened to other Debt Restructuring Exercises – Ausgroup

Ausgroup is not purely an oil and gas or marine company. It is also heavily involved in mining of iron and lithium and predominantly, their business is in Australia. What strikes me about this company is that it did not undergo a court supervised moratorium process, it engaged SIAs for assistance and underwent a restructuring process with its Medium Term Note (MTN) holders ( those kind need minimum $250,000 for a note). It has a substantial shareholder ( in a range of 15% to 20% shareholding before the troubles began) in Ezion, who is facing troubles of it’s own....

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What happened to other Debt Restructuring Exercises – Ausgroup

Ausgroup is not purely an oil and gas or marine company. It is also heavily involved in mining of iron and lithium and predominantly, their business is in Australia. What strikes me about this company is that it did not undergo a court supervised moratorium process, it engaged SIAs for assistance and underwent a restructuring process with its Medium Term Note (MTN) holders ( those kind need minimum $250,000 for a note). It has a substantial shareholder ( in a range of 15% to 20% shareholding before the troubles began) in Ezion, who is facing troubles of it’s own....

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Informal Steering Committee for the Reorganisation Process – Hyflux

Townhall AftermathI attended the Townhall meeting on 19 July and came back unconvinced.” I am still young and i can work still work for you all…”said Olivia Lum.Sounds heartwarming.But, actions speak louder than words.The preference and perpetual holders are the ones losing money but yet, the board of directors and Hyflux CEO/Chairwoman didn’t mention anything about reducing their salaries or bonus to show reciprocity or sincerity.Nevermind about Ezion CEO using his personal assets as collateral to secure more than $100 million of funds for Ezion and cutting his pay by 71%, we are not even asking you to use...

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