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Probably the resumption of trading will be this afternoon. The market need some time to digest the rights issue annoucement made during this morning.
Just wait for the Cityspring announcement on trading resumption in SGX website during lunch time
http://www.sgx.com/wps/portal/marketplace/mp-en/listed_companies_info/company_announcements
hogenterprise ( Date: 14-Aug-2009 11:02) Posted:
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The announcement on Right Issue 1:1 at $0.48
hogenterprise ( Date: 14-Aug-2009 11:02) Posted:
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why still halted
me holding @ IPO price, finally can breakeven
Congrates to Shareholders of Cityspring 
Cheers!
Cheers!
i m still waiting to clear @ ipo price 89
CITYSPRING INFRASTRUCTURE TRUST
RESULTS FOR THE QUARTER ENDED 30 JUNE 2009
DPU of 1.75 Singapore cents declared for the quarter
Key Highlights:
• Cash earnings1 of S$13.9 million for the quarter
• Distribution payouts underpinned by steady cash flows
• DPU of 1.75 cents declared for the quarter in line with previous target guidance
Singapore, 11 August 2009 – CitySpring Infrastructure Management Pte Ltd (“Trustee-
Manager”), the Trustee-Manager of CitySpring Infrastructure Trust (“CitySpring”), today
announced the results for CitySpring for the first quarter ended 30 June 2009 (“1Q
FY10”).
CitySpring achieved cash earnings of S$13.9 million for the quarter, marking a good
start for the financial year with its three assets performing to expectation and generating
stable cash flows. A distribution per unit (“DPU”) of 1.75 Singapore cents has been
declared for the quarter.http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_265B1155C69AB1E34825760F0047CE3B/$file/Press_release_1QFY10.pdf?openelement
In this environment, no news is good news!
The current px depression is seen by the Market that the A$ depreciations could affect the earnings of Cityspring.
On the brighter side, cheaper fuel px could boost the earnings (although may not be enough to offset the A$ Dprn). But at 60c means the yields in relations to DPU is surely better than before.
Long term perspective is still good ! Cheers!
Any good news coming.
Pls check your figures, I think its 3 zero too many.
paying too much for previous acquisitions, goodwill/intangible ~473m, far exceed the equity. If based on NTA, it is also negative $$$.
Consolidated Balance Sheet As at 30 Jun 08
S$'000
As at 31 Mar 08
S$'000
ASSETS
Cash and cash equivalents 112,307 105,982
Derivative financial instruments 187,591 147,266
Trade and other receivables 53,138 57,004
Inventories 12,448 13,036
Intangibles 473,230 473,897
Finance lease receivable 190,471 192,131
Property, plant and equipment 1,344,296 1,308,973
Other assets 11,816 2,053
Total assets 2,385,297 2,300,342
LIABILITIES
Trade and other payables 64,358 63,053
Derivative financial instruments 8,562 18,485
Borrowings 1,763,860 1,719,002
Notes payable to minority interest 15,000 15,000
Other liabiltiies 114,813 109,173
Total liabilities 1,966,593 1,924,713
Net Assets 418,704 375,629
Unitholders' funds 401,301 359,511
Minority interest 17,403 16,118
Total Unitholders' funds 418,704 375,629
Great idea Nicky! Since they hv a $1b buget and MIIF probably cause <600m now. how about a takeover at 60cts ---0.5xNAV???
aya sugg to CEO to buyup Macq Infra lah...lelong price now :D
Not only that, must also have a good and prudent CEO to manage the Funds :) Cheers!
This one is looking for acquisition? Must have deep pocket and strong parent.
CitySpring Infrastructure Trust – sponsored by Singapore investment company
Temasek, is seeking buys worth over $1 billion but said asking prices were still too
high. 'We're on the negotiating table for a number of opportunities but valuations
are too high. Holders of good assets are not yet coming down to a value we find
reasonable,' CitySpring chief executive Au Yeung Fai told Reuters in an interview
yesterday. The trust was not in a desperate need to acquire, and would rather
walk away from deals rather than overpay, Mr Au Yeung said, adding that some
deals were as much as 30 per cent above what he was prepared to fork out.
CitySpring wants to buy assets such toll roads, ports, and power firms in countries
including China, India, and in South-east Asia, and with two-thirds of the
opportunities reviewed worth under $1 billion and a third worth over $1 billion.
CitySpring shares closed at $0.71 yesterday, down half a cent.
(Sources: Company, SGX, Business Times, Dow Jones)
Of course good.... invest in this counter at the same time can enjoy the hot spring !!! up up all the all above a dollar mark !
sarahlkh ( Date: 29-Apr-2008 15:02) Posted:
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you are one of them bought 100 lots at 0.79 ???
soloman ( Date: 29-Apr-2008 20:36) Posted:
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Never regreted buying 100 lots - even if it go below 70 cts
Like that guy said - keep it for 10 yrs