tag:blogger.com,1999:blog-7944902213075756335.post980102659452958197..comments2024-03-28T10:39:01.047+08:00Comments on A Singaporean Stocks Investor (ASSI): K-Green Trust: A bad investment?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7944902213075756335.post-12295089166638578982011-05-01T10:37:38.641+08:002011-05-01T10:37:38.641+08:00Hi Deception,
It seems that you are privvy to som...Hi Deception,<br /><br />It seems that you are privvy to some insider information. By this, I guess, you could be an industry insider or a company insider.<br /><br />Obviously, I do not have the answers to your questions. ;)<br /><br />My initial smallish investment in this Trust is still untouched. I wait to see what the management would do next. <br /><br />Without any gearing at the moment, AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57338249914444479402011-04-30T18:11:41.772+08:002011-04-30T18:11:41.772+08:00Initially NEA wanted to sell away the Tuas South I...Initially NEA wanted to sell away the Tuas South Incineration Plant, however their asking price was too high as it was the youngest among the four at that time. NEA was so happy when this company agreed of S$462 million to acquire their 17 year old rotten plant. Why another $48 million to upgrade SIP? Maybe its Electrostatic Precipitators were not able to keep the emission within the safety Deceptionnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-70404923619654460002011-03-17T18:11:01.163+08:002011-03-17T18:11:01.163+08:00Hi TN,
S$1.00/unit now is different from S$1.00/u...Hi TN,<br /><br />S$1.00/unit now is different from S$1.00/unit a few months ago. It would have to be lower now for me to consider adding to my position. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-77929394863913989112011-03-17T16:56:01.976+08:002011-03-17T16:56:01.976+08:00K-Green reach 1 dollar today.
TN.K-Green reach 1 dollar today.<br /><br />TN.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10696783008334205612010-10-28T00:53:33.070+08:002010-10-28T00:53:33.070+08:00Hi Nick,
Absolutely, I am just making a guess tha...Hi Nick,<br /><br />Absolutely, I am just making a guess that they would, more likely than not, make acquisitions which would be distribution accretive. Guesswork but reasonable guesswork. ;)<br /><br />What we have done so far is FA. TA shows that the price of $1 per unit is the historical low (which should be fresh in the minds of market participants) and we could see some strong support at AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39240385511572091942010-10-28T00:40:24.320+08:002010-10-28T00:40:24.320+08:00Its ability to take on debt isn't a problem pe...Its ability to take on debt isn't a problem per se. Currently, its NAV is around $720 million. It can easily borrow another $1 billion to fund any major acquisitions. Assuming it clinches a massive 30 year contract with 8% yield (similar yield as KGT assets), its cash-flow will be boosted by $80 million annually. But debt needs to be repaid annually at around $35 million a year so its net Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-28328267710484998332010-10-28T00:07:01.801+08:002010-10-28T00:07:01.801+08:00Hi Nick,
I was expecting you to comment on this. ...Hi Nick,<br /><br />I was expecting you to comment on this. ;)<br /><br />KGT has Right of First Refusal (ROFR) granted by Keppel Corp on four projects. How much would these be sold to KGT for? What's their free cash flow numbers? What would the distribution yield be? We don't know at this juncture.<br /><br />Like you have pointed out before, business trusts could and often end up with AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63017494929739659102010-10-27T23:34:15.144+08:002010-10-27T23:34:15.144+08:00Hi AK,
The current real yield matches what I expe...Hi AK,<br /><br />The current real yield matches what I expected - the Trust yield should be similar to SGS bonds since the counterparty is the same (SG Govt). Naturally, it may seem lower but I guess the market has priced in growth in the revenues in the next 2 decades. <br /><br />It will be interesting to estimate how much debt will be needed to boost the true yield to levels exceeding 4.5% (Anonymousnoreply@blogger.com