Tuesday, March 12, 2019

Hyflux Horrors in 2019

Y'all know, I generally don't poke my nose into other people's shit.

But Hyflux is one of those stinking shits that smell so terrible, it's hard to ignore.

So I heard from Bloomberg today that investor's might lose up to 90%?

I think the better report is actually by CNA which works out the min/max that can be recovered, which is between 5-15%.

People can discuss and argue all they want: about what they think the government should bail out, why it should be bailed out, how it's a small sum to bail them out, how NOT bailing out will "shake investor's confidence" and we can all argue until the cows come home. I highly doubt it'll change a damn thing.

I've said it before, I don't think the government will bail out Hyflux, and I don't think they should.

It was a bad investment into a bad company, that's what it is.

... If you're not vested, I would implore you to find some good reasons to get yourself involved in this mess. I can't find any, other than a 6% yield, which is meaningless if you only get paid for a few years and lose the principal.

To me, it's a no no. I'm staying away and I'm just going to watch this show.

Will this subscription yet again becomes oversubscribed by the retail horde? I'm counting on you, aunties and uncles. - GMGH, May 2016

Did you know that there is a Hyflux telegram group? And by my eyeballing, it is indeed truly filled with many aunites and uncles. It's rough being a retail bagholder. I salute all those people trying to "fight" for something. Shoutout to Sgdividends who has been following the whole case very closely.

But honestly, the prospects of a "good" outcome is very weak, IMO.

They took a risk and a gamble and they lost, that's pretty much it.

While I might sound like I'm being a heartless bitch about things, the sooner you learn that in finances that your emotions and feelings count for diddly shit, the sooner you can cut through the bullshit.

The moral of the story is: If you're downside protection strategy involves the government bailing you out, it's PROBABLY not a good strategy.


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