Parkway Life REIT (SGX: C2PU.SI)

Parkway Life REIT ("PLife REIT") is Asia's largest listed healthcare REIT. It invests in income-producing real estate and real estate-related assets, used primarily for healthcare and/or healthcare-related purposes. As at 30 September 2015, PLife REIT's total portfolio size stands at 47 properties totaling approximately S$1.60 billion. It was listed on 23 August 2007.

Parkway Life REIT’s policy is to distribute at least 90% of its taxable income and net overseas income, with the actual level of distribution to be determined by the Manager. Since FY 2012, S$3.0 million per annum of amount available for distribution has been retained for capital expenditure on existing properties.

Company website (link)



5 year chart (link)

Financial year is from 1 Jan to 31 Dec.

No. of units in issue is 605,002,000.

3Q2015 results announced  on 5 Nov 2015 (link)

Net property income is $24,262,000.
DPU is 3.36 cents (2.98 cents recurring operations and 0.38 cents divestment gain)
or $20,298,000.
Cash balance as at 30 Sep 2015 is $27,117,000.
Debt is $598,318,000.
NAV is $1.66.

4Q2015 results announced on 26 Jan 2016 (link)

Units issued is 605,002,000.
Net property income is $24,483,000
DPU is 3.37 cents ($18,074,000)(includes final tranche of 0.38 cents divestment gain).
Cash balance as at 31 Dec 2015 is $18,543,000
Debt is $589,682,000
NAV is $1.66.

1Q2016 results announced on 26 Apr 2016 (link) & (link)
Units issued is 605,002,000
Net property income is $25,136,000.
DPU is 2.99 cents ($18.097 mil).
Cash balance as at 31 Mar 2016 is $22,667,000.
Debt is $617,757,000.
NAV is $1.68.

2Q2016 results announced on 26 Jul 2016 (link) & (link)
Units issued is 605,002,000
Net property income is $25,530,000
DPU is 3.01 cents ($18,210,000)
Cash balance as at 31 Jun 2016 is $28,120,000
Debt is $661,424,000.
NAV is $1.67.

3Q2016 results announced on 27 Oct 2016 (link) and (link)
Units issued is 605,002,000
Net property income is $26,202,000
DPU is 3.06 cents ($18,513,000)
Cash balance as at 30 Sep is $31,772,000
Debt is $678,207,000
NAV is $1.67

4Q2016 results announced on 25 Jan 2017 (link) and (link)
Units issued is 605,002,000
Net property income is $25,559,000
DPU is 3.06 cents ( $18,486,000)
Cash balance as at 31 Dec 2016 is $69,184,000.
Debt is $631,167,000
NAV is $1.72.

1Q2017 results announced on 25 Apr 2017 (link) and (link)
Units issued is 605,002,000
Net property income is $25,141,000
DPU is 3.28 cents ($18,493,000)
Cash balance as at 30 Apr 2017 is $28,069,000
Debt is $663,551,000
NAV is $1.72

2Q2017 results announced on 25 Jul 2017 (link) and (link)

Units issued is 605,002,000.

Net property income is $25,879,000.

DPU is 3.32 cents ( 3.10 cents + 0.22 cents) or ($20,078,000)

Cash balance as at 30 Jun 2017 is $28,926,000

Debt is $657,989,000

NAV is $1.72.

3Q2017 results announced on 9 Nov 2017 (link) and (link)
Units issued is 605,002,000.
Net property income is $25,883,000.
DPU is 3.37 cents (3.15 cents + 0.22 cents) (or $20,383,000).
Cash balance as at 30 Sep 2017 is $30,525,000.
Debt is $652,973,000.
NAV is $1.72.

4Q2017 results announced on 26 Jan 2018 (link) and (link)
Units issued is 605,002,000
NPI is $25,746,000.
DPU is  3.38 cents  (3.15 cents + 0.23 cents) (or $20,452,000)
Cash balance as 31 Dec 2017 is $25,462,000.
Debts is $643,868,000.
NAV is $1.76.

1Q2018 results announced on 30 Apr 2018 (link) and (link)
Units issued is 605,002,000.
NPI is $25,961,000.
DPU is 3.17 cents (3.17 + 0 cents) or ($19,187,000).
Cash balance as at 31 Mar 2018 is $26,486,000.
Debt is $688,784,000.
NAV is $1.75 cents.

2Q2018 results announced on 26 Jul 2018 (link) and (link)
Units issued is 605,002,000.
NPI is $26,201,000.
DPU is 3.19 cents (or $19,330,000)
Cash balance as at 30 Jun 2018 is $31,383,000
Debt is $692,252,000.
NAV is $1.75 cents

Keppel Infrastructure Trust (KIT) (SGX: A7RU.SI)

Keppel Infrastructure Trust (KIT) was originally listed on 12 February 2007 on the Singapore Exchange Securities Trading Limited as CitySpring Infrastructure Trust (CIT).

On 18 May 2015, CIT acquired the business undertakings and assets of KIT in exchange for the issue of approximately 1.33 billion new CIT units to KIT Unitholders, and CIT was renamed Keppel Infrastructure Trust.

Keppel Infrastructure Fund Management Pte Ltd (KIFM) is the Trustee-Manager of KIT. KIFM is a wholly-owned subsidiary of Keppel Infrastructure Holdings Pte. Ltd.

Keppel Infrastructure Holdings Pte. Ltd., a wholly-owned subsidiary of Keppel Corporation Limited, is the Sponsor of KIT.

Keppel Infrastructure Trust is the largest Singapore infrastructure-focused business trust listed on the Singapore Exchange with total assets in excess of S$4 billion.

As its diversified portfolio of core infrastructure businesses generate cash flows either through long-term contracts with creditworthy counterparties or from a large and diversified customer base, the trust is able to offer investors long-term, predictable and sustainable returns.

Keppel Infrastructure Trust has the following infrastructure businesses in its portfolio:

1. Keppel Merlimau Cogen Plant (acquired in Jun 2015)
2. Senoko Waste-to-Energy Plant
3. Keppel Seghers Tuas Waste-to-Energy Plant
4. Keppel Seghers Ulu Pandan NEWater Plant
5. SingSpring Desalination Plant
6. City Gas
7. Basslink
8. DataCentre One
9. CityNet

Company website (link)

2 year Chart (link)

Units issued is 3,856,931,931

1Q FY2016 results announced on 28 Jul 2015 (maiden).(link)(Presentation Notes)
Fund from operations  is $22,159,000
DPU is 0.25 cents (or $9.6 m) (For period 29 May to 30 Jun 2015)

NAV is 36.2 cents
Unrestricted cash at 30 Jun 2015 is $380,273,000
Restricted cash is $43,567,000
Debt at 30 Jun 2015 is $1,836,057,000.

2QFY2016 results announced on 19 Oct 2016. (link)
Units issued is 3,857 million.
DPU is 0.93 cents (or $35.9 million)
NAV is 35.9 cents.
Unrestricted cash as at 30 Sep 2015 is $363,052,000
Restricted cash is $43,188,000
Debt is $1,802 million.

3QFY2016 Results announced on 18 Jan 2016 (link)
(Presentation Notes)

Note: Fy reporting  has been changed from 1 Apr - 31 Mar to 1 Jan to 31 Dec.
As at 31 Dec 2015
Units issued is 3,857 million.
DPU is 0.93 cents (or $35.9 million)
NAV is 35.3 cents.
Unrestricted cash is $200,064,000
Restricted cash is $43,572,000
Debt is $1,674 million.

1QFY16 Results announced on 13 Apr 2016 (link)
As at 31 Mar 2016.
Units issued is 3,857 million.
DPU is 0.93 cents (or  $35.9 million)
NAV is 33.7 cents.
Unrestricted cash is $185,794,000
Restricted cash is $35,462,000
Debt is $1,708 million.

2QFY16 results announced on 18 Jul 2016 (link)
As at 30 Jun 2016
Units issued is 3,857 million.
DPU is 0.93 cents (or $35.9 million)
NAV is 32.4 cents.
Unrestricted cash is $231,874,000.
Restricted cash is $18,600,000.
Debt is $1,706 million.

3QFY16 results announced on 17 Oct 2016 (link) (link)
As at 30 Sep 2016
Units issued is 3,857 million
DPU is 0.93 cents (or $35.9 million)
NAV is 31.6 cents
Unrestricted cash is $225,006,000.
Restricted cash is $34,305,000
Debt is $1,753 million.

4QFY16 results announced on 23 Jan 2016 (link)(link)
As at 31 Dec 2016
Units issued is 3,857,063,631.
DPU is 0.93 cents (or  $35.9 million)
NAV is 32.5 cents.
Unrestricted cash is $214,513,000
Restricted Cash is $52,346,000.
Debt is $1,811 million.

1QFY17 results announced o n 17 Apr 2017 (link)(link)
As at 31 Mar 2017
Units issued is 3,857,063,631
DPU is 0.93 cents (or $35.9 million)
NAV is 32 cents.
Unrestricted cash is $202,057,000.
Restricted cash is $52,867,000.
Debt is $1,840 million.

2QFY17 results announced on 17 Jul 2017 (link) & (link)
As at 30 Jun 2017
Units issued is 3,857,378,731.
DPU is 0.93 cents (or $35.9 million)
NAV is 30.7 cents
Unrestricted cash is $181,534,000.
Restricted cash is $50,428.
Debt is $1,815 million.

3QFY17 results announced on 16 Oct 2017 (link) and (link)
As 30 Sep 2017
Units issued is 3,857,378,731
DPU is 0.93 cents (or $35.9 million)
NAV is 30.4 cents.
Unrestricted cash is $177,323,000.
Restricted cash is $51,345,000.
Debt is $1,843 million.

4QFY2017 results announced on 22 Jan 2018 (link) and (link)
As 31 Dec 2017
Units issued is 3,857,378,731
DPU is 0.93 cents (or $35.9 million)
NAV is 29.9 cents
Unrestricted cash is $164,202,000
Restricted cash is $49,754,000.
Debt is $1,794 million.

1QFY2018 results announced on 16 April 2018 (link) and (link).
As at 31 Mar 2018
Units issued is 3,858,157,565.
DPU is 0.93 cents (or $35.9 million).
NAV is 29.6 cents.
Unrestricted cash is $167,093,000
Restricted cash is $51,830,000.
Debt is $1,799,058,000.

2QFY2018 results announced on 17 Jul 2018 (link) and (link)
As at 30 Jun 2018
Units issued is 3,858,157,565.
DPU is 0.93 cents (or $35.9 miilion)
NAV is 28.8 cents.
Unrestricted cash is $165,938,000.
Restricted cash is $51,247,000.
Debt is $1.784,785,000

3QFY2018 results announced on 16 Oct 2018 (link) and (link)
As 30 Sep 2018
Units issued is 3,858,157,565.
DPU is 0.93 cents ($35.9 million)
NAV is 27.9 cents.
Unrestricted cash is $175,374,000.
Restricted cash is $50,688,000.
Debt is $1,762,030,000.

4QFY2018 results announced on 22 Jan 2019 (link) and (link)
As at 31 Dec 2018,
Units issued is 3,858,298,065
DPU is 0.93 cents ($35.9 million)
NAV is 26.4 cents.
Unrestricted cash is $179,705,000
Restricted cash is $51,898,000
Debt is $1,774,948,000

1QFY2019 results announced on 15 Apr 2019 (link) and (link)
As at 31 Mar 2019,
Units issued is 4,538,840,772.
DPU is 0.93 cents. ($36.7 million)
NAV is 27.1 cents.
Unrestricted cash is $259,727,000
Restricted cash is $49,664,000.
Debt is $2,591,581,000.

2QFY2019 results announced on 15 Jul 2019 (link) and (link)
As at 30 Jun 2019
Units issued is 4,994,391,069.
DPU is 0.93 cents. ($46.4 million).
NAV is 27.4 cents.
Unrestricted cash is $367,632,000
Restricted cash is $49,775,000
Debt is $2,182,048,000.

3QFY2019 results announced on 14 Oct 2019 (link) and (link)
As at 30 Sep 2019,
Units issued is 4,994,391,069.
DPU is 0.93 cents ( $46.4 million )
NAV is 25.9 cents.
Unrestricted cash is $389,101,000
Restricted cash is $49,087,000
Debt is $2,156,949,000.


4QFY2019 results announced on 20 Jan 2020 (link) and (link)
As at 31 Dec 2019,
Units issued is 4,994,391,069.
DPU is 0.93 cents ($46.4 million)
NAV is 25.6 cents.
Unrestricted cash is $445,290,000.
Restricted cash $24,803,000.
Debt is $2,111,653,000.

1QFY2020 results announced on 20 Apr 2020 (link) and (link)
As at 31 Mar 2020
Units issued is 4,993,463,286.
DPU is 0.93 cents ($46.4 million)
NAV is 25.6 cents.
Unrestricted cash is $416,346,000
Restricted cash $26,488,000
Debt is $2,100,927,000.


2QFY2020 results announced on 22 Jul 2020 (link) and (link)
As at 30 Jun 2020
Units issued is 4,990,437,786.
DPU is 0.93 cents ( $46.4 million )
NAV is 23.8 cents.
Unrestricted cash is $403,176,000
Restricted cash is $25,827,000.
Debt is $2,169,241,000.

2H2020 results announced on 27 Jan 2021 (link)

As at 31 Dec 2020

Units issued is 4,990,437,786.

DPU is 1.86 cents ( $92.8 million)

NAV is 21 cents

Unrestricted cash is $555,936,000.

Restricted cash is $24,785,000.

Debt is $2,161,024,000.

1H 2021 results announced on 28 Jul 2021 (link) and (link)

As at 30 Jun 2021

Units issued is 4,991,263,352.

DPU is 1.86 cents ( $92.8 m)

NAV is 20.5 cents.

Unrestricted cash is $650,003,000.

Restricted cash is $25,169,000.

Debt is $2,212,189,000.

2H 2021 results announced on 26 Jan 2022 (link)

As at 31 Dec 2021

Units issued is 4,991, 263,352 .

DPU is 1.92 cents ($95.8 m)

NAV is 22.3 cents

Unrestricted cash is $809,751,000

Restricted cash is  $7,382,000

Debt is $1,730,000,000.

1H 2022 results announced on 27 Jul 2022 (link) and (link)

As at 30 Jun 2022

Units issed is 4,991,789,782

DPU is 1.91 cents ($87.6 m)

NAV is 21.7 cents

Unrestricted cash is $549,220,000

Restricted cash is $8,475,000

Debt is $2,003,858,000

2H 2022 results announced on 30 Jan 2023  (link) and (link)

As at 31 Dec 2022

Units issued is  4,991,789,782

DPU is 1.91 cents  ($134,925,000)

NAV is 17.4 cents

Unrestricted Cahs is $526, 868,000

Restricted cash is ($8,861,000)

Debt is $4,055,600,000)

1H 2023 Reults announced on 26 Jul 2023

 (https://links.sgx.com/FileOpen/KIT%201H%202023_Financial%20Highlights%20and%20Unaudited%20Results.ashx?App=Announcement&FileID=766445)

As at 30 Jun 2023

Units issued is 5,625,,514,586.

DPU is 1.93 cents 

NAV is 18 cents

Unrestricted cash is $332,234,000

Restricted cash  $3,120,000

Debt is $2,474,898,000

3Q 2023 Results announced on 2 Nov 2023 (https://links.sgx.com/FileOpen/20231102_KIT%203Q%202023_Financial%20Highlights%20and%20Financial%20Statements_MREL.ashx?App=Announcement&FileID=776801)

As at 30 Sep 2023

Units issued is 5,625,785,886.

DPU is 0.97 cents (Special Dividend is 2.33 cents)

NAV is 16.3 cents

Unrestricted cash is $420,340,000

Restricted cash is $3,118,000

Debt is $2,480,881,000

4Q Results announced on 31 Jan 2024 (link) 

As at 31 Dec 2023

Units issued is 5,625,785,886.

DPU is 0.96 cents

NAV is 15.5 cents

Unrestricted cash is $479,209,000

Restricted cash is $3,375,000

Debt is $2,717,011,000

1H Results announced on 26 July 2024 (https://links.sgx.com/FileOpen/KIT%201H%20FY%202024_Presentation%20Slides.ashx?App=Announcement&FileID=813062)

As at 30 June 2024

Units issued is 5,626,719,128.

DPU is 1.95 cents

NAV is 14.7 cents

Cash is $498.5 m

Debt is $2,800.9 m

2H 2024 Results annonced on 4 Feb 2025

(https://links.sgx.com/FileOpen/20250204_FY%202024%20KIT_Unaudited%20Results.ashx?App=Announcement&FileID=832019)

As at 31 Dec 2024

Units issued is 6,983,341,128

DPU is 1.25 cents (Note: Special dividend of 0.7 cents was paid out in Sep 2024)

NAV is 13.2 cents

Cash $436,203 m

Debt is $2,989,142 m

1H 2025 Results announced on 29 Jul 2025

(https://wpcms.keppel.com/wm/cms-site/kpl/file/media/2025/jul/29-jul-kit/20250729-kit-1h-2025-unaudited-results.pdf)

As at 30 Jun 2025

Units issued is 6,084,351,036

DPU is 1.97 cents

NAV is 13.7 cents

Cash is $502.870 m

Debt is $558.5 m

2H 2025 Results annunced on 3 Feb 2025

https://www.kepinfratrust.com/file/fy-2025-results/20260203-kit-fy-2025-unaudited-results.pdf

As at 31 Dec 2025

Units issued is 6,084,987,915

DPU is 1.97 cents

NAV is  13.2 cents

Cash is 700,982 m

Debt is 3, 194 m

Excellent Tips By Warren Buffet

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Focusing on its remarkable properties as an element of change, the video looks at silver’s role in industry, highlighting its ability to make today’s mobile interconnected life possible as well as its use in medicine and water purification, which relies primarily on its natural antibacterial qualities. The video also notes silver’s importance to fashion through exquisite silver jewelry, and finally it speaks to silver’s intrinsic worth as well as its role as a store of value, given its historical and modern use as a popular investment.

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At the 2013 Vancouver Resource Investment Conference, INN (Investing News Network) Senior Editor Andrew Topf had the chance to speak with Tom Drolet, an expert on nuclear power and uranium.

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Global X Uranium ETF (NYSE: URA)

The uranium sector appears to be stirring. The spot price of uranium has been inching up a bit over last 2 weeks.

The uranium ETF (exchange traded fund) offers exposure to a basket of uranium companies.

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Top 10 Holdings (79.6% of Total Assets)

Company Symbol % Assets Cameco Corp CCJ.TO 19.57 PALADIN FPO PDN.AX 13.36 URANIUM ONE INC. UUU.TO 9.72 Uranium Energy Corp. Common Sto UEC 6.14 Ur-Energy Inc. URG.TO 5.93 ROCKGATE CAPITAL CORP RGT.TO 5.79 UEX CORP UEX.TO 5.10 Uranerz Energy Corporation Comm URZ 4.88 Azimuth Resources Limited AZMUF.AX 4.59 Denison Mines Corporation DNN.TO 4.52

Spot price of uranium


Yahoo finance link for Global X Uranium ETF (Link)

Update:
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Creative Technology Ltd (C76.SI)

Creative is the worldwide leader in digital entertainment products for the personal computer (PC) and the Internet. Creative was founded in Singapore in 1981 with the vision that multimedia would revolutionize the way people interact with their PCs. 
On 15 Feb 2012, Creative announced the launch of Creative HanZpad platform. The new platform comprises ZiiLABS' latest 100-core ZMS-40 StemCell Media Processor, a series of HanZpad tablet reference designs based on the ZMS-40 and optimized for Android 4.x (Ice Cream Sandwich), and a powerful Chinese operating system (OS).

With their Chinese characteristics, the HanZpad platform solutions target China's vast tablet computer markets, especially the education market at an opportune time when its government aims to transform the conventional education system to one that embraces the latest in digital technologies- an aspiration that will lead to the age of the Digital Textbooks, Digital Classrooms and the Digital School Bags. More.....

The company has zero debt.
Sim Wong Hoo, chairman and CEO has 33.34% of shares.

Financial year is from 1 Jul to 30 Jun


4Q and FY 2012 results announced on 8 Aug 2012

Shares outstanding: 69,643,715
NAV at end Jun 2012: US$2.12 a share vs US$3.47 at end Jun 2011
Loss for 4Q2012 is US$18.892 million or US$0.27 a share.
Loss for 12 months FY2012 is US$83.896 million or US$1.20 a share.
Cash and cash equivalent as at end Jun 2012 is US$131 million.
Company website: http://sg.creative.com/corporate/about/

Div of S$0.05, date to be announced

Current share price is S$3.21 at 10 Aug 2012

Creative expects a loss in the current quarter, 1Q FY2013

Update:
1Q 2013 results announced on 30 Oct 2012
Loss for 1Q 2013 is US$4.387 million or US$0.06 cents a share.
NAV at end Sep 2012 is US$2.02 down from US$2.12 at end Jun 2012 , a share
Cash equivalent at 30 Sep 2012 is US$129.544 million down from US$131 million in last Q.

Company expect a loss in the next quarter.

Update
2Q 2013 results announced on 29 Jan 2013
Profit for 2Q2013 is US$38.122 million or US$0.54 cents
NAV at 31 Dec 2012 is US$2.58
Cash equivalent at 31 Dec 2013 is US$165.808 millions

Company expect a loss in next quarter.

Singapore Exchange Ltd or SGX (S68.SI)

Singapore Exchange Limited operates as an integrated securities and derivatives exchange in Singapore. The company provides listing, trading, clearing, depository, market data, and connectivity services; and member services and issuer services for the securities market, as well as counterparty guarantee services. 

Besides the STI ETF, SGX can be considered to be the "mother" of all shares in Singapore. Since its listing in 1999, it has been profitable every year. 

Its financial year is from 1 Jul to 30 Jun. The company is committed to give dividend payout of 80% of its profit. It pays dividend every quarter with bulk of dividends paid in the 4th quarter.

Shares outstanding is 1.07 biilion.
FY 2012 results announced on 27 Jul 2012
Net profit: $291.8 million vs $294.9 million a year earlier.
EPS is 27.3 cents vs 27.6 cents a year earlier

Dividend for 4Q is 15 cents and total dividend for the year is 27 cents (vs) 27 cents a year earlier.

Share price is $6.65 as at 27 Jul 2012
Yield is about 4%

FY 2013 results announced on 23 Jul 2103
Net profit: $336 mil
EPS is 31.4 cents
Dividend for the year is 28 cents. (link)

Company website: http://www.sgx.com/wps/portal/sgxweb/home/shareholders




A summary of SGX 2013 results

Mapletree Logistics Trust (M44U.SI)

Mapletree Logistics Trust, together with its subsidiaries, operates as a logistics real estate investment trust primarily in Singapore. It invests in a portfolio of logistics real estate and real-estate-related assets. The company’s properties include oil and chemical logistics, free trade and non free trade zone third party logistics, food and cold storage, distribution centre, and industrial warehousing. As of 31 Mar 2012, its portfolio consisted of 105 properties in Singapore, Hong Kong, China, Malaysia, and Japan. The company was founded in 2004 and is headquartered in Singapore.


Of the 105 properties:
53 are located in Singapore
22 are located in Japan
11 in Malaysia
8 in Hong Kong
6 in China
4 in South Korea
1 in Vietnam
Total book value of properties is S$4.1 billion.
(Total book value as at 30 Jun 2012 is $4.2 billion)


Financial year is from 1 April to 31 Mar.
The company pays dividend quarterly.
Dividend paid out for 5Q 2012 is 1.7 cents (Last FY has 5 Qs because of change in reporting period.)
NAV per unit is 88 cents as at 30 Jun 2012
Shares outstanding is 2,426.3 millions


5Q result presentation slides: http://www.mapletreelogisticstrust.com/data/resources/docs/5Q11_MLT%20Slides_FINAL.pdf



1Q 2013 result announced on 19 Jul 2012
Earnings Per Unit (EPU) is 1.13 cents
Distribution Per Unit (DPU) is 1.7 cents
The quarter started with 105 properties and ended with 109 properties
DPU goes ex on 24 Jul 2012


Company website: http://www.mapletreelogisticstrust.com/index.aspx

City Spring Infrastructure Trust (A7RU.SI)[Keppel Infrastructure Trust (KIT)]

CitySpring's portfolio comprises 100% of City Gas Trust ("City Gas"), 70% of SingSpring Trust ("SingSpring"), 100% of Basslink (including 100% of Basslink Telecoms) and 100% of CityNet Infrastructure Management Pte. Ltd. ("CityNet").
City Gas is currently the sole producer and retailer of town gas in Singapore and also the sole user of the low-pressure piped town gas network in Singapore. It owns the only town gas production facility in Singapore, Senoko Gasworks, with a capacity of 1.6 million m³ per day. 
SingSpring owns and operates Singapore’s first and only large-scale seawater desalination plant which commenced commercial operations in December 2005. With a capacity of supplying up to 136,380 m³ of desalinated potable water per day, the plant is an essential facility capable of meeting approximately 10% of Singapore’s current water needs.
Basslink is a 370 km high-voltage, direct current monopole electricity transmission interconnector between the electricity grids of the States of Victoria and Tasmania in Australia. Basslink is the only electricity interconnector between Tasmania and mainland Australia, and enhances the availability and security of electricity supply to both Tasmania and Victoria. Basslink Telecoms (a unit of Basslink) was officially launched on 16 July 2009. It provides wholesale telecommunications between Tasmania and Melbourne, Victoria. 

CityNet is the trustee-manager of NetLink Trust which owns the base layer assets consisting of ducts, manholes and central offices. CityNet is a Facilities-Based Operator (FBO) and a designated Public Telecommunications Licensee (PTL), providing access to the ducts, manholes and central offices required by other FBOs in rolling out their network for specific purposes. CityNet is currently providing such access to OpenNet, for the roll out of their fibre network, as well as SingTel.


Financial year is from 1 Apr to 31 Mar.
The company pays dividend quarterly.
Outstanding shares is 1,518,893,062.

NAV Mar 2012 is 27.9 cents
FY2012 EPS: 4.25 cents
FY2012 Dividend: 3.51 cents (4 quarters).
Projected dividend for FY2013 is 3.28 cents.
Unrestricted cash is $120,068,000 vs debt $1,352,837,000 as at 31 Mar 2012.

Company website: http://www.cityspring.com.sg/

Presentation slides for Fy 2012 on 3 May 2012 (Link)

Current share price is 39.5 cents

Comment:
Based on current share price of 39.5 cents and projected dividend of 3.28 cents, the yield is about 8%.

Update:
1Q FY2013 results announced on 2 Aug 2012
Cash earnings 1QFY13 is $22.3 million vs $3.6 million in 1Q FY12
DPU for 1Q FY13 is 0.82 cents
Share Price at 2 Aug 2012 is 41.5 cents

Presentation slides for 1Q FY13 : (link)

Update:
2Q FY2013 results announced on 1 Nov 2012
Cash earnings 2QFY13 is $35.8 million vs $15.6 million in 2Q FY12
DPU for 2Q FY13 is 0.82 cents
Share price at 1 Nov 2012 is 45 cents.
Presentation slides for 2Q FY 13: (link)

Update:
3Q FY2013 results announced on 8 Feb 2013
Cash earnings 3QFY13 is $24.9 millions
DPU for 3QFY13 is 0.82 cents
Share price at 8 Feb 2013 is 45 cents.
Presentation slides for 3QFY13: (link)

Update:
4Q FY2013 results announced on 3 May 2013
Cash earnings 4QFY13 is $16.8 million
DPU for 4QFY13 is 0.82 cents (or $12.45 million)
Share price at 3 May 2013 is 49.5 cents
Full year cash earnings for 2013 is $99.7 million.
Unrestricted cash is $164,637,000 vs debt of $1,344,323,000 as at 31 Mar 2013.
Presentation slides (link)

Projected DPU for FY 14 is 3.28 cents, same as FY13.

Presentation at AGM on 19 Jul 2013 (link)

1Q FY14 results announced on 13 Aug 2013
Cash earnings 1QFY14 is $15.987 million
DPU for 1QFY14 is 0.82 cents (or $12.455 million)
Cash and cash equivalents at end 1QFY14 is $157.105 million (link)

2QFY14 results announced on 4 Nov 2013
Cash earnings in 2QFY14 is $14.0 million
DPU for 2QFY14 is 0.82 cents (or $12.455 million)
Cash and cash equivalents at end 2QFy14 is $201.943 million (link)

3QFy14 results announced on 10 Feb 2014
Cash earnings 3QFy14 is $14.7 million
DPU for 3QFy14 is 0.82 cents (or $12.455 million)
Cash and cash equivalent at end 3QFy14 is $202 million (link) (excludes restricted cash)

4QFY14 results announced on 5 May 2014
Cash earnings 4QFY14 is $15.3 million
DPU is 0.82 cents (or $12.455 million)
Unrestricted cash is $259,700,000 vs debt of $1,297,728,000. (link)
Restricted cash is $44,627,000.

1QFY15 results announced on 13 Aug 2014
Cash earnings 1QFY15 is $22.6 million
DPU is 0.82 cents (or $12.455 million )
Unrestricted cash is $262,942,000 vs debt of  $1,306,398,000 (link)
Restricted cash is $46,107,000.

2QFY15 results announced on 3 Nov 2014
Cash earnings 2QFY15 is $13.8 million
DPU is 0.82 cents (or $12.455 million)
Unrestricted cash is $253,059,000 vs debt of  $1,259,876,000
Restricted cash is $44,073,000 (link)

Cityspring announced it will merge with Keppel Infrastructure Trust on Nov 18 2014
When completed in 2Q2015, new entity will be called Keppel Infrastucture Trust.
(link) and (link)

3QFY15 results announced on 27 Jan 2015. (link)
Cash earnings is negatvie $13.8 million*
DPU is 0,82 cents 9 or ($12.455 million)
Unrestricted cash is $180,096,000 vs debt of $1,171,689,000.
Restricted cash is $46,808,000.
*note: Fee for refinancing of Basslink bond is AUD 16 million
Settlement of dispute with Hydro Tasmania is AUD6 million
Otherwise cash earnings would be $13.5 million.

4QFY15 results announced on 6 May 2015 (link)
Cash earnings is $25.081 million.
DPU is 0.82 cents*. ($12.455 million)
Unrestricted cash is $197,862,000 vs debt of  $1,143,880,000.
Restricted cash is $40,807,000.
*Note: Merger with Keppel Infrastructure Trust is expected to complete on 17 May 2015.
Special pro-rated DPU from 1 Apr to 16 May 2015 is 0.4235 cents.
One time DPU of 1.98 cents will also be given.

Rename Keppel Infrastructure Trust on 19 May 2015.
One time DPU of 1.05 cents
Pro-rated DPU of 0.11 cents for period 18 May to 20 Jun 2015.

Private placement of 812,694,000 new KIT shares done on 21 May at price between 52 cents.

218,862,495 non renounceable rights shares offered to KIT shareholders at 51.5 cents on basis of 1 right share for 13 KIT shares.

 

Gold: The Moses Principle by Alf Field

This is a story of Alf Field by Alf Field himself.

The Skinny:
"Once this correction has been completed, Intermediate Wave III of Major THREE will be underway. This should be the largest and strongest wave in the entire gold bull market. The target for this wave should be around $4,500 with only two 13% corrections on the way."


KEYNOTE SPEECH AT SYDNEY GOLD SYMPOSIUM 14-15 NOVEMBER 2011
BY ALF FIELD

THE MOSES PRINCIPLE

The Moses Principle is an irreverent theory based on the question of why Moses spent 40 years traversing the Sinai desert before leading the Israelites to the “promised land”.

God was powerful enough to send numerous plagues to devastate the Egyptian economy until Pharaoh allowed the Israelites to leave Egypt. Later God caused the Red Sea to part so that the Israelites crossed on a dry sea bed. When the pursuing Egyptian army and their chariots were in the sea bed, the waters crashed back and drowned them.

If God was powerful enough to do all of these things, why not allow the Israelites to go straight to the “promised land”? Why did Moses spend 40 years traversing the barren desert before leading the Israelites to the “promised land”? Here is the irreverent theory. Every Israelite over middle age when they left Egypt probably died during the ensuing 40 years. The younger people were born in the desert or spent their adult lives in the desert. After 40 years the life experience of the survivors consisted of living in the desert. When they finally got to the “promised land” it appeared to be “flowing with milk and honey” when compared to their prior desert existence.

General Moly (AMEX: GMO)

General Moly (GMO) owns and operates two primary molybdenum projects, both in Nevada, USA.  The Mt. Hope project is a joint venture between General Moly (80% ownership) and POSCO (20% ownership), one of the world’s largest steel producers based in Korea.  The Liberty project is wholly-owned by General Moly, contains both moly and copper, and is the second project following Mt. Hope.

Price of molybdenum (1 month)

Price of Molybdenum (6 months)

Molybdenum (Mo) is used for production of stainless steel and high performance steel.

Mt Hope Project

1.3 billion lbs of molybdenum

NPV of $1.2 billion at molybdenum price of $15/lb

NPV of $2.1 billion at molybdenum price of $20/lb

Mine life is 44 years

Cash cost is estimated at $5.29/lb, after tax and royalty

Production estimated at 40 million lbs/year.

Liberty Project

739 million lbs of molybdenum and 893 million lbs of copper

NPV of $538 million at molybdenum price of $15/lb

Mine life is 42 years

Cash cost is estimated at $5.70/lb after tax and royalty

Production estimated at 20 million lbs of molybdenum/year and 17 million lbs of copper/year

Company website: http://www.generalmoly.com/

Outstanding shares 91 million (to increase to 111 million after completing transaction with Hanlong)

Price of molybdenum (Mo) is $14.18/lb

Price of copper (Cu) is $3.83/lb

Share price of GMO is $3.24

GMO is confident that it can begin production at Mt Hope at end 2012.

Jun. 14, 2012-- General Moly, Inc. (the "Company") (NYSE MKT and TSX: GMO) today, announced that a Nevada State District Court ("the Court") issued its Order affirming the Nevada State Engineer's ("the NSE") Ruling of July 2011 approving the Mt. Hope Project's water rights and the NSE'sDecember 2011 and January 2012 issuance of water permits for the Mt. Hope Project.

Orchard Parade Holdings (O10.SI)

Orchard Parade Holdings hospitality portfolio includes the 388-room Orchard Parade Hotel, 210-room Albert Court Village Hotel and the Central Square Village Residences with 127 serviced residences. OPH Investment portfolio includes Tanglin Shopping Mall, OPH Podium Block and Albert Cout Commercial units with a total lettable area of  7,108 square metres. OPH Development portfolio includes Floridian (own 60% of 336 units in JV with Wing Tai), euHabitat (own 20% of 750 units in JV with Far East Organisation), 7 and 11 Bassein Road (own 30%) and Land Parcel 825 at Robinson Road (own 20%). It also owned the Plaza Atrium which is under development into serviced apartments Malaysia.


OPH is also a substantial shareholder of Yeo Hiap Seng with 49.51%. Effectively, OPH owns 284.24 million shares of the 574.12 million outstanding shares of Yeo Hiap Seng.


The company announced its 1Q2012 results on 27 April 2012.


FY2011 EPS is 34 cents.
1Q2012 NAV is $3.16
1Q2012 EPS is 12 cents.
Outstanding shares: 363.31 million.
Shares go ex-dividend on 9 May 2012. Dividend is 9 cents a share.


The Group had clarified on both 14 July 2011 as well as recently on 5 March 2012 that it was in preliminary discussions with Far East Organization over the possible injection of some assets held by the Group into a Real Estate Investment Trust (“the Transaction”). It should be noted that there is no certainty that the Transaction will be carried out.


Current price is $1.74
Chart looks neutral.

(note: Orchard Parade Holdings changed its name to Far East Orchard with effect from 31 Jul 2012. Symbol O10.SI remains the same. Will update when 2Q results are out)