not forgetting Ah Quek 2m, then got Ah Kong and Ah mah and many jiat laio bi kai kia inside, after all deduction left only 30c for edwinjuo and enjoylife77 to enjoy till 77 yrs old. congra.hehehe vested too,
Mgt total salary how much??
Lta pay $991M deduct debt$762M deduct IRAS tax $159M Balance $70 M
should be a step up increase until more rails construction is completed
Adding over 700 staff for next 3 years is heavy wage bill.
Adding over 700 staff for next 3 years is heavy wage bill.
Agree!
http://tachartreading.bl ogspot.com/2016/06/smrt-corporation-ltd-technical-analysis.html
There should be better profits after being asset light.This is a money making business where ppl uses more public transport nowadays.
We should see further upsides on the stock value..
There should be better profits after being asset light.
This is a money making business where ppl uses more public transport nowadays.
We should see further upsides on the stock value..
But taking a longer term view, the framework will likely put the coy on a better footing to sustain profitability n I suspect while div will not be immediate, it must give shareholders greater confidence of incremental div in future yrs. Fingers crossed.
Yah - sigh and sianz. So this is entirely a non-event.
Announcement made .... SMRT will not be using the proceeds from its asset sale to LTA to pay any dividend to shareholders.
Yet to read the news, all that are believed to be referring to taking over the assets. What about the fee to manage and run the train and bus services? Wil those who read the news share, please.
Mgt total salary how much??
Lta pay $991M deduct debt$762M deduct IRAS tax $159M Balance $70 M
Lta pay $991M deduct debt$762M deduct IRAS tax $159M Balance $70 M
Yah - sigh and sianz. So this is entirely a non-event.
Announcement made .... SMRT will not be using the proceeds from its asset sale to LTA to pay any dividend to shareholders.
SINGAPORE (July 15): Singapore Land Transport Authority (LTA) on Friday announced it is taking over more than 60,000 operating assets from Temasek-owned rail operator SMRT under a new rail financing framework to kick in on Oct 1.
Pending approval from SMRT shareholders, the transfer will see LTA pay SMRT close to $1 billion for its operating assets, including its trains, signalling system, and maintenance equipment.
Don' t even dream of SMRT gets delisted lah. In the new operating model to cut over from existing ones is government buys up all the operating assets and let SMRT continue to operating the trains/bus services till end of the contract terms with a lump sum payment for service rendered. SMRT will not be bothered about the " subsidized fare" collection. Fee is the guaranteed income, besides, if service levels are met, will be further incentivised. Of course, penalty for failing to meet. Sharesholders' approval is needed for sale of all these assets, EGM will be called in due course if the announcement is referring to this.
Will it get delist since gov taking over all? Hmm....
Don' t even dream of SMRT gets delisted lah. In the new operating model to cut over from existing ones is government buys up all the operating assets and let SMRT continue to operating the trains/bus services till end of the contract terms with a lump sum payment for service rendered. SMRT will not be bothered about the " subsidized fare" collection. Fee is the guaranteed income, besides, if service levels are met, will be further incentivised. Of course, penalty for failing to meet. Sharesholders' approval is needed for sale of all these assets, EGM will be called in due course if the announcement is referring to this.
Will it get delist since gov taking over all? Hmm....
Announcement made .... SMRT will not be using the proceeds from its asset sale to LTA to pay any dividend to shareholders.
Haha - I would rather they give us 50cts dividend for each share ? ? ?
I think it' s good news. Will have more resources to upgrade, maintain and uphold qualityand service.
Is this news good or bad? Licence cut to 15 years but $1billion paycheck
