Macquarie Intl   

MIIF

Anyone attending the AGM in the coming Friday? About resolution 6, it stated that it will wind down after selling all the assets and return the money to shreholders.

But why should we kill the goose while it still lay golden eggs? It is  generating stable  income and the dividend yield (excluding the special dividend) is around 9.5% at present share price.

Let all vote against it! There isn't any other counters that give such a good dividend.

 

Tomorrow is the last day for it to move before the xd on 1 Feb, look like I will just collect the " ang hong" on the CNY. (dividend payment on 13 Feb)

After xd, NAV should adjust down by 3 cents (NAV=$0.67) since it gave out the excess cash this round.

Cheers!

 

Yap, if it still stay as it is, I will just wait to get the dividend payment on 13 Feb. >

junction      ( Date: 26-Jan-2013 09:17) Posted: Hope for takeover.  Then its worth more than 70 cts.  Their plan to dispose the less profitable counters first is good. oldflyingfox      ( Date: 25-Jan-2013 16:59) Posted: Didn't move much after the annourcement, I suspect it will only move just 1 or 2 days before xd. Let see will it reaches 0.67 next week.

 

Hope for takeover.  Then its worth more than 70 cts.  Their plan to dispose the less profitable counters first is good.

oldflyingfox      ( Date: 25-Jan-2013 16:59) Posted: Didn't move much after the annourcement, I suspect it will only move just 1 or 2 days before xd. Let see will it reaches 0.67 next week.

 

Didn't move much after the annourcement, I suspect it will only move just 1 or 2 days before xd. Let see will it reaches 0.67 next week.

 

 

Latest report  by SIAS, yesterday:

Subsequent to its strategic review initiatives, Macquarie

International Infrastructure Fund Ltd (MIIF) declared a final

dividend of 2.75 S cents and special dividend of 3.00 S cents this

quarter. This distribution is slightly above our previous estimate of

2.75 S cents ordinary dividend and 2.50 S cents special dividend.

FY12 revenue came in at S$69.0m while adjusted income was

S$57.4m, largely in line with our previous estimates. There was

a slight increase in operating expenses due to higher

management fees and expenses related to the strategic review

and special general meeting. The total 5.75 S cents dividend

will result in about S$66.1m cash payable to shareholders,

leaving the company with about S$14.2m for operating

purposes. There was not much change in the valuation of its

assets.

CXP’s 4Q cargo volume grew 16.8% YoY to 1.9m tonnes while

EBITDA climbed 24.2% YoY to RMB48.2m, on the back of

continued healthy demand for log, paper and pulp. Fy13

operating expenses may increase due to the implementation of

minimum wages. Nonetheless, CXP’s utilization rate has been

increasing consistently and we reckon the entity can maintain

its growth rate. HNE’s 4Q traffic rose 16% YoY to 15.3m vehicles

while revenue dropped 17.1% YoY to RMB117.9m due to the

change in toll rate. QoQ, revenue inched up 1.6%. We estimated

about S$14m distributable income from this asset.

Lastly, TBC’s 4Q revenue increased 0.4% YoY to NT$1.81bn

while EBITDA dipped 1.6% YoY to NT$1.12bn. This is mostly like

due to TBC’s lower pricing power as a result of Taiwan’s slowing

economy. That said, we also noted healthy increment in digital

and broadband services subscription, which will help to

improve FY13’s numbers.

We are leaving our valuation of S$0.71 intact as we expect the

company to be capable of selling CXP, HNE and MW at a price

above its asset valuation. We retain our FY13 DPS as we are

unsure about the order of asset disposal. Maintain Invest.

 

Yeah useless fd, $ tight up.  I put in cimb savings....int 1% p/a, int given every mth. Anytime can withdraw.

oldflyingfox      ( Date: 21-Jan-2013 17:21) Posted: hahaha... I don't keep FD nowaday, interest too low. Better to put in normal saving account as you can invest quickly when the right time comes. If you are a mid to long term investor, can consider to wait for a bigger STI correction to come first, maybe a few more months. But u have to start doing homework now, have to monitor and study  those good stocks. Now it is too late to go in for long term, only for trading short term (few weeks).   junction      ( Date: 21-Jan-2013 16:54) Posted: Ya, where got loss?  FD money can put into this one

 

Just announced before closing today, a substanial shareholder brought 518 lots on 17 Jan to increase share holding to 8%.

 

hahaha... I don't keep FD nowaday, interest too low. Better to put in normal saving account as you can invest quickly when the right time comes. If you are a mid to long term investor, can consider to wait for a bigger STI correction to come first, maybe a few more months. But u have to start doing homework now, have to monitor and study  those good stocks.

Now it is too late to go in for long term, only for trading short term (few weeks).

 

junction      ( Date: 21-Jan-2013 16:54) Posted: Ya, where got loss?  FD money can put into this one? oldflyingfox      ( Date: 21-Jan-2013 11:16) Posted: When got losses? The net income (4Q)  of S$57.4 million was up S$9.2 million. Now only up 2 cents, normally, it should up by at least 5 cents for such news. Therefore, likely move towards $0.68 to 0.7 range. vested

 

Ya, where got loss?  FD money can put into this one?

oldflyingfox      ( Date: 21-Jan-2013 11:16) Posted: When got losses? The net income (4Q)  of S$57.4 million was up S$9.2 million. Now only up 2 cents, normally, it should up by at least 5 cents for such news. Therefore, likely move towards $0.68 to 0.7 range. vested. Octavia      ( Date: 21-Jan-2013 09:16) Posted: MIIF widens losses in Q4 to S$2.84m but still declared  a final dividend of 2.75 Singapore cents per share for the six months to Dec 31, 2012, as well as a special dividend of 3.00 Singapore cents per share, with both payouts expected on Feb 13, 2013.

 

But the speical dividend should be consider as a one-off thing since it was from the excess cash. So after xd, the NAV should be adjusted to $0.67 instead of $0.7. Anyway, now is still below NAV...

oldflyingfox      ( Date: 21-Jan-2013 16:05) Posted: No mention of delist, likely to sell the most asset at a right price and keep " Taiwan Broadband Communications (TBC)" , maybe will be like starthub without phone business. But it will take many months and even years, will have better picture after AGM. Plus likely to get another 2.75 cents  half-yearly dividend 6 months later (ard Sept), so the dividend yield is more than 12% per year at present price. Cheers!

 

No mention of delist, likely to sell the most asset at a right price and keep " Taiwan Broadband Communications (TBC)" , maybe will be like starthub without phone business. But it will take many months and even years, will have better picture after AGM.

Plus likely to get another 2.75 cents  half-yearly dividend 6 months later (ard Sept), so the dividend yield is more than 12% per year at present price.

Cheers!

 

Thought this company is planning to be delisted and already trying to sell off its assets ?

 

People will start to buy soon.

If buy now @ 66 cts still got 8.71% of dividen. 

The latter they buy the price will be higher each day.

Haha ! 

 

When got losses? The net income (4Q)  of S$57.4 million was up S$9.2 million. Now only up 2 cents, normally, it should up by at least 5 cents for such news. Therefore, likely move towards $0.68 to 0.7 range.

vested.

Octavia      ( Date: 21-Jan-2013 09:16) Posted: MIIF widens losses in Q4 to S$2.84m but still declared  a final dividend of 2.75 Singapore cents per share for the six months to Dec 31, 2012, as well as a special dividend of 3.00 Singapore cents per share, with both payouts expected on Feb 13, 2013.

 

Macqaurie International Infrastructure Fund  has announced a full year net income of $57.4 million up $9.2 million on prior year, Net Asset Value stood at $807.6 million or $0.70 per share, It has declared a final dividend of 2.75 cents per share and special dividend of 3.00 cents per share. On Dec 18, the had company decided to pursue the orderly divestment of MIIF’s interests and distribute the proceeds from any divestment to shareholders after a strategic review.

Hulumas      ( Date: 21-Jan-2013 10:37) Posted: Not vested in 2013! Octavia      ( Date: 21-Jan-2013 09:16) Posted: MIIF widens losses in Q4 to S$2.84m but still declared  a final dividend of 2.75 Singapore cents per share for the six months to Dec 31, 2012, as well as a special dividend of 3.00 Singapore cents per share, with both payouts expected on Feb 13, 2013.

 

 

Not vested in 2013!

Octavia      ( Date: 21-Jan-2013 09:16) Posted: MIIF widens losses in Q4 to S$2.84m but still declared  a final dividend of 2.75 Singapore cents per share for the six months to Dec 31, 2012, as well as a special dividend of 3.00 Singapore cents per share, with both payouts expected on Feb 13, 2013.