AUSNET SVCS   

SP Ausnet

yeah, good dividend payout, this one for the long haul...

 

price now 1.63. Good counter, I hope the price can break 1.63, as the IPO price is 1.75..

 

very good dividend payout and yet the price climbs back to 1.62, upwards trend is optimistic~

 

I almost forgot I have this stock, ha ha... but will not buy more liao la..

 

for those who want to park you money and enjoy good Div, buy today @ 1.61-1.63. XD tomorrow 30 Nov 06.

Expected whole yr Div more than 8%. Note: unexciting, low vol. Upside:  whole yr Div may exceed expectation. 

 

I am vested a year ago at 1.63, waiting for almost a year, finally it is now at 1.61 ... any guru can help me to comment on the chart? TA chart ... or ?

 

The stapled structure enables dividends to be paid in the form of franked dividends (9% of payout; nil tax for S'pore investors), interest income (26% of payout; Nil/taxable 20%/#) and capital returns (65% of payout; nil tax). Interest income - nil for S'pore investor, except for resident individuals receiving through partnership in S'pore, who will be subject to S'pore income tax of 20%. # can claim 10% tax credit for Australian withholding tax. No capital gains tax assuming investors holds no more than 10% in the stapled entity for Australian capitax tax gain purposes.



Mgt has reaffirmed its dividend for FY07 to be A$0.1127 per share. The biggest risk to the S'pore investor is forex risk. Every 1% weakening in the A$ will lower FY07 yield by 0.08%.



A copy of the report can be found here.

 

A distribution totalling 3.25 cents per security, comprising:
? A fully franked dividend of 0.15 cents per security
? An income distribution of 0.89 cents per security
? A capital return distribution of 2.21 cents per security.


Are we getting the full dividend? Which portion is taxable and the tax rate?
Thanks for your kind advices.

 

It has successfully completed a US$275m refinancing by a 10-year Eurobond issue.

 

  I agree with clauswu. This counter is basically dividend play (about 8%) and the price has moved in tendem with A$:S$ exchange rate.

   It's IPO price was at $1.75 when the A$ was going at A$1 to $1.27. Upon listing, the price fell to $1.64. Since then the price has been just mirroring the A$ exchange rate.

   Not exciting but if you are happy with just collecting dividend then this is quite a good stock to hold as long as A$ remain strong vs S$.

 

Like most utility stocks this one doesn't move much on a daily or weekly basis. Since its primary listing is in Australia the decline from IPO price of S$ 1.74 to below S$ 1.50 at one point was due mainly to a decline in the exchange rate A$ to S$ from 1.28 to 1.16. Now that the Aussie has recovered to approx. 1.20 the price has come back a bit. SP Ausnet is expected to have a high dividend yield (> 8%?).

 

Why do you say its been down trend? I looked at the prices and it seemed stagnant. The volume for this one is pretty low. Not very interesting from a TA point of view.

 

Hi all,

SP Ausnet IPO price $1.74 (Dec 2005)

Been going down trend since.

closed at $1.54 today

Any views on this counter anyone?