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08-06-2011, 06:10 PM
From their SGX announcement on 11 Apr 11,
http://info.sgx.com/webcoranncatth.nsf/V...E005B83EC/$file/MIIFCircularApril2011.pdf
under 2.2 Senior Loan Amendments, they gave a schedule of the Loan Repayment for TBC which will recommence on 2013 (small amount of S$6.5M) and larger amounts of S$100M+ for the next few years. I think that'll impact the FCF of TBC and the amount of dividend they can pay to MIIF from 2014 onwards.
(Vested) - but too lazy to check for TBC financials to analyse the above. Will likely sell before 2014 if I find time to confirm the above but in the meantime, will try to enjoy the semi annual 2.75ct div from Jun 11.
http://info.sgx.com/webcoranncatth.nsf/V...E005B83EC/$file/MIIFCircularApril2011.pdf
under 2.2 Senior Loan Amendments, they gave a schedule of the Loan Repayment for TBC which will recommence on 2013 (small amount of S$6.5M) and larger amounts of S$100M+ for the next few years. I think that'll impact the FCF of TBC and the amount of dividend they can pay to MIIF from 2014 onwards.
(Vested) - but too lazy to check for TBC financials to analyse the above. Will likely sell before 2014 if I find time to confirm the above but in the meantime, will try to enjoy the semi annual 2.75ct div from Jun 11.
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------
------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------