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Surprised by the recent up trend.
cc DW: why you never consider this in yr portfolio? Just curious since it give a steady returns each quarter.
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think next qtr to be announced on 8 Feb will also always in the Black/ profitable. More stable now as they are solely into city gas supply in Singapore & Aust.
Think gd dividend for a fixed income yield.
PUBLISHED NOVEMBER 01, 2012
CitySpring swings back into the black in Q2 DPU 0.82 cents
think next qtr to be announced on 8 Feb will also always in the Black/ profitable. More stable now as they are solely into city gas supply in Singapore & Aust.
Think gd dividend for a fixed income yield.
starlene ( Date: 18-Jan-2013 14:56) Posted:
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City spring is a business truest unlike reits..U will notice after every 2-3 year they will call for rights issue..and then give quite good dpu...avoid lah all the way losses..lucky I sold off liao...go for Ascendas H.T or maxi cash..still better than cityspring
dividend of 7+% p.a. comparable to Reits. Think Temasek is one of the Big investor.City gas supply for whole of Singapore .
No regrets after selling Cityspring at 42cts marginally up to 45cts only..make back with Aspial nd Auric..latter I took some profit at $1.38 and now dropped to $1.09..will buy > ..previously bought all the way from 72cts to 92cts
starlene ( Date: 03-Oct-2012 08:13) Posted:
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PUBLISHED NOVEMBER 01, 2012
CitySpring swings back into the black in Q2 DPU 0.82 cents
CitySpring Infrastructure Trust on Wednesday posted a profit attributable to unitholders of S$8.79 million for the second quarter ended Sept 30, compared with a loss of S$25.13 million a year earlier.
Profits in Q2 lifted earnings for the half year to S$4.54 million. It recorded a H1 loss of S$39.7 million a year ago.
Earnings per share were 0.58 cents in Q2 and 0.30 for the half year, compared with loss per share of 2.32 and 3.84 cents respectively a year ago.
Q2 revenue rose 14 per cent to S$132.71 million while that for H1 grew 17 per cent to S$265.29 million.
CITYSPRING INFRASTRUCT TRUST - SECOND QUARTER RESULTS * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
http://info.sgx.com/webcorannc.nsf/AnnouncementToday/CD3A8503873936FE48257AA800279F5D?opendocument
I sold off at 42cts after ex dividends and use the proceeds to buy aspial at 39cts ...now aspial 48cts up 9cts but cityspring up only 2.5 cts from 42cts..long term no good for cityspring expect more rights issue..they using yr $$ to pay the quarterly dpu...quite true commented by Mano at recent AGM..long term no gd prospect sell to take profits and buy Auric pacific on the uptrend(used to be $3-4 stock) like cerebos..time to soar with ms Saw former SMRT at its M.D ,Auric has more upside
flying to 0.48...
creeping up reach high 42cts today...in line with all potential biz reits
starlene ( Date: 18-May-2012 19:26) Posted:
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CITYSPRING INFRASTRUCTURE TRUST
RESULTS FOR THE QUARTER AND YEAR ENDED 31 MARCH 2012
Singapore, 3 May 2012
CitySpring’s full year cash earnings was S$58.6 million for the 12 months ended 31 March 2012 (" FY2012" ) compared to $74.9 million a year ago.
From these cash earnings, the Trustee-Manager will be distributing $12.5 million to unitholders, an amount unchanged from the previous quarter. This translates into a distribution per unit (" DPU" ) of 0.82 Singapore cents for the quarter. This brings the total DPU for the year to 3.51 Singapore cents. Target DPU for the financial year ending 31 March 2013 is expected to be 3.28 Singapore cents– CitySpring Infrastructure Management Pte Ltd (" Trustee-Manager" ), the Trustee-Manager of CitySpring Infrastructure Trust (" CitySpring" ), reports that CitySpring has achieved cash earnings of S$20.5 million for the fourth quarter ended 31 March 2012 (" 4Q FY12" ). 1.
N/M – Not meaningful
1 Barring unforeseen circumstances and assuming no material changes to the Group in FY13.
2 Cash earnings is defined as EBITDA adjusted for cash and non-cash items, less cash interest, cash tax and maintenance capital expenditure, and before principal repayment of debt and non-controlling interest.
Summary of Results
|
(S$’000) |
4Q FY12 |
4Q FY11 |
Change (%) |
FY2012 |
FY2011 |
Change (%) |
||||
|
Revenue |
128,718 |
109,810 |
17.2 |
481,407 |
424,479 |
13.4 |
||||
|
Other income |
974 |
3,760 |
(74.1) |
4,471 |
6,907 |
(35.3) |
||||
|
Other gains/(losses) - net |
1,020 |
(1,262) |
N/M |
11,827 |
(6,723) |
N/M |
||||
|
Total expenses |
(126,671) |
(116,488) |
(8.7) |
(510,076) |
(440,830) |
(15.7) |
||||
|
Profit/ (loss) before income tax |
4,037 |
(4,180) |
N/M |
(12,371) |
(16,167) |
23.5 |
||||
|
Income tax credit/(expense) |
3,564 |
(2,523) |
N/M |
(22,615) |
(5,762) |
N/M |
||||
|
Net profit/(loss) after tax |
7,601 |
(6,703) |
N/M |
(34,986) |
(21,929) |
(59.5) |
||||
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Cash earnings2 |
20,535 |
16,119 |
27.4 |
58,642 |
74,894 |
(21.7) |
||||
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DPU (cents) |
0.82(*) |
1.05 |
3.51 |
4.20 |
||||||
* Post 2011 Rights Issue
The increase in CitySpring’s cash earnings during the quarter was driven mainly by City Gas Trust (" City Gas" ), its town gas production and retail business unit.
City Gas recorded cash earnings of S$11.7 million in 4Q FY12 compared to S$8.1 million in the previous year. The improvement was attributed mainly to changes in fuel costs and tariffs. Under its tariff adjustments mechanism, City Gas is able to fully recover its fuel costs over a period of time. During the quarter, City Gas, on approval from the Energy Market Authority, had increased its general tariff by 1.3% in February 2012 in consideration of the higher feedstock costs for gas production.
SingSpring reported cash earnings of S$4.5 million in 4Q FY12 against $4.2 million in the previous corresponding quarter.
Basslink Pty Ltd (" Basslink" ) recorded cash earnings of A$4.7 million, unchanged from a year ago. The Commercial Risk Sharing Mechanism (" CRSM" ) payment was negative A$3.5 million compared to negative A$2.0 million in the previous corresponding quarter. The impact on cash earnings from the higher negative CRSM was offset by lower finance costs from the interest savings after the reduction of Basslink debt.
Cash earnings contribution by CityNet, which is the trustee-manager of the telecommunications infrastructure assets owned by NetLink Trust, was $0.5 million in 4Q FY12.
- - ends -
About CitySpring Infrastructure Trust
CitySpring (www.cityspring.com.sg) is the first infrastructure trust registered with the Monetary Authority of Singapore. As a pioneer in a new asset class in Singapore, and with the sponsorship of Temasek Holdings, CitySpring aims to position itself as a leading player in a growing sector and achieve growth through acquisitions. It has been established with the principal objective of investing in infrastructure assets and providing unitholders with long-term, regular and predictable distributions.
CitySpring’s portfolio comprises 100% of City Gas, 70% of SingSpring, 100% of Basslink (including 100% of Basslink Telecoms) and 100% of CityNet.
City Gas is the sole producer and retailer of town gas and the sole user of the low-pressured piped town gas network in Singapore.
SingSpring is the sole supplier of desalinated water to the Public Utilities Board, Singapore’s national water agency.
Basslink owns and operates a 370 km high voltage electricity interconnector between the electricity grids of the States of Tasmania and Victoria in Australia. Basslink Telecoms provides wholesale telecoms services between Hobart, Tasmania and Melbourne, Victoria.
CityNet in its capacity as trustee-manager of NetLink Trust carries on the business of owning, installing, operating and maintaining certain assets (transferred from Singapore Telecommunications Limited) for the purpose of facilitating telecommunication activities.
CitySpring (Reuters: CITY.SI, Bloomberg: CITY SP) has been listed on the Main Board of the Singapore Exchange Securities Trading Limited (www.sgx.com) since 12 February 2007.
For investor and media enquiries, please contact:
Low Hooi Hoon
Weber Shandwick
T: +65 6825 8024
E: hlow@webershandwick.com
Cash dividend O.82cts per lot ie $82 for 10lots ex date 9May payable 25may..Temasek is pushing to at least 39cts ie thr rights isuue price last yr otherwise all start cursing temasek
Giving $10.50 per lot again for this qtr..moving back to 39cts rights issue price
i curse and shit this til it reach 20 n below
shit this counter temasek so wat, right now below right price 39
let's see it go below 20 beware huge intangible asset due to paying high premium for basslink assets
If you buy from market you have to pay commission. If you buy rights onlynapy $2 atm fee
WeiQiQi ( Date: 12-Aug-2011 12:21) Posted:
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Breached 0.39 rts issue price (11 for 20) yesterday. If px goes lower that 0.39, doesn't make sense to subscribe anymore? Cheaper to buy from market, right?
Tomorrow ex dividend DPU is 1.05cts ie about $10.50 per lot..close at 48.5cts..may drop to say 48cts then shd recover before ex-rights...48cts was the rights subscription price in 2009(1 for 1)
| asteredo wrote: |
| so is it advisable to buy after the EX date for rights issue? |
As long as one buys BEFORE XD or XR, entitlements are assured.
mamamiya ( Date: 02-Aug-2011 13:09) Posted:
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