Yup they will collect their return after X number of years. But normally when the bonds are dued don you discover that normally YTLPOWER will exchange the bonds with number of issued shares instead of paying back the amount being borrowed? Thats what i meant by they have to maintain good dividend else the issuer might not take up the offer.

So maybe when the bonds are due the price may be pushed higher in order to pay fewer shares to the bond issuer. 

By the way, are you concerned by the falling pound and Sing dollar.

Live rates at 2010.03.21 21:53:03 UTC
1.00 GBP = 4.95143 MYR
United Kingdom Pounds    Malaysia Ringgits 
1 GBP = 4.95143 MYR   1 MYR = 0.201962 GBP

End of current quarter is a few days away and it is already down 10% from end of last quarter.

Sing dollar last quarter was at 1.00 SGD = 2.4401 MYR

Live rates at 2010.03.21 21:58:03 UTC
1.00 SGD = 2.36236 MYR
Singapore Dollars    Malaysia Ringgits 
1 SGD = 2.36236 MYR   1 MYR = 0.423306 SGD

WESSEX Water Ltd is expected to start work on the ambitious project of rehabilitating the highly polluted Klang and Gombak Rivers in Selangor and treating the water to make it safe for drinking at the latest by early next year.  The RM15 billion project will span 15 years.  Wessex Water is a veteran in water treatment and sewerage services, and first made its name in southwestern England.  It made a successful joint bid with information technology (IT)-based property developer I-Berhad for a portion of the entire project and will be working in the lower reaches of the Klang River, between Puchong and Shah Alam. Two other successful bidders - TSS-Mako Engineering Sdn Bhd and GJA Engineering and Construction - will work in the upper reaches of both rivers.  Wessex Water managing director Gareth Jones said the company received a letter of appointment from the state government recently.  He said its portion of the project will cost between RM400 million and RM600 million, depending on where the state government wants to locate the water treatment plant, among other considerations.  Wessex Water will use methods similar to those it applied to projects in Argentina and Mexico where water from rivers was supplied for consumption after undergoing comprehensive treatment processes.  The company, headquartered in Bath, England, is a subsidiary of YTL Corp Bhd.  News of the successful bid came close on the heels of the YTL group's results for the six months ended December 31 2009. It saw pre-tax profit increase 20 per cent to RM1 billion on a 134 per cent jump in revenue to RM7.9 billion compared with the previous corresponding period.  Wessex Water partner I-Berhad, meanwhile, has been making significant progress in its flagship IT property venture, I-City. The 30ha RM2 billion project boasts of 20Mbps broadband speed, comprehensive fibre optic network and back-up power supply.

recently the currency rate reli bad,both pound and sgd
no comment with this Q's result hope still can maintain 3.5sen(diluted eps)
if this year eps around 14-15sen
PE also around 15-16 already
so i think that the share price will still maintain 2.19 +/-
oh ya, juz now i check at klse, y got a WR ar?
wat lai de? reli dunno when got this thing de~haha

I think YTL-Power can easily hit 3.00 with the reason it is cash rich and also they are launching the new Wimax service.

If you say that they are cash rich i would like to remind you that their debt to equity ratio is almost 3.....
Wimax contribution will not be significant to the group overall earnings. Its one of the reasons that stop me from buying more YTLPOWER .....

You are correct if you want to see in that way. In fact, they still have RM 8billion cash in hand as at last 31 December 2009, and it is increasing. So it does provide the company a strong position to acquire any business.

Besides, many of its debts are long term bond. Although the debt to equity ration is almost 3.... the company has no problem to repay the debts with the current cash flow position.

No wrong or right here... just share opinion only... 

P1? juz beat them with faster and stabler newtowrk access and wider network coverage~ this is all we need a a wireless user mah~
the preparation took so long time...one Q finished...
hope the outcome not dissapoint us

I think YTL-Power can easily hit 3.00 with the reason it is cash rich and also they are launching the new Wimax service.

YTLpower doesn't involve directly in Wimax.

Also I don't think Wimax is a profitable business. Any company that success to make a breakeven point in Wimax business in Malaysia is considered a success already, not yet talking about profit.

Can see from recent P1's financial result recently. 

Too many competition and too small market locally for broadband providers. The problem is to launch a broadband nationwide, it is a capital intensive project while profitability wise is somehow difficult to project, as consumer only demand for lower monthly charge and faster broadband speed.
And with Unifi come into market, it make Wimax even has more competition.

But this is definitely good for consumer.

Yup. Actually i am quite sure that YTLPOWER involve in wimax just for the sake of trying to avoid kena penalty by the government.

Hope U R rite.  Let's recap the broadband market players
1. Inccumbent Telco (3G) - Maxis, DiGi, Celcom
~ All heavily invested in 3G network infra already & going to invest another 2~3billion in next 2/3years.
2. TM (UniFi) - lots & lots of billions
3. P1, Redtone, AsiaJaya (Wimax) - P1 invested at least 500mil & is struggle to even breakeven. The other 2 palyers most propbably can't survive & only waiting to sell their Wimax license.
4. U Mobile (3G) - STT/Starthub recently invested for RM1billion 33%. not sure what they going to do, hope not go into the broadband war & add into the mess.

Now they are already 8 of them, so much billions been invested & no light yet at the end of tunnel to recoup the investement. Worst, more billions is needed to upgrade infra, just to catch-up with the escalating appetitie of consumers on badnwidth hungry apps, DVD downlaod, VoD, IPTV, VoIP ... & etc

Do we need a 9th new entrant YTL comm (Wimax)?  Its just too obvious! isn't it?