The cash dividend for this quarter is only 3.75 cents or RM0.0375 per share.

The windfall tax is going to shave off a good 10% of it's yearly nett profits as the estimated tax is around RM90 - 120 million.

According to The Edge Daily, YTLPOWER already paid the tax but never released the information how much they paid.

As long as you are IPP you got to pay windfall tax, no one can be exempted. Unless you are making a loss. But it is not logic at all... The reason behind IPP windfall tax is government is seeing IPP enjoying lucrative earnings for the past decades... thats the reason y windfall tax is being impose.

I think you better go see the source of income of YTL power before you make an assumption on the effect on windfall tax on YTL power.

This post has been edited by darkknight81: Aug 20 2008, 08:21 PM

Haha, I don't think I need to change broker lo. For big transactions, I will have to pay 0.1% more, but for small transaction, I won't be charged the minimum RM40 So, I lose one side, but gain on the other side But, I just want to find out, is it possible that anyone escape the minimum RM40 ruling?

Is it possible to negotiate the fee of 0.7% to 0.6%??

I'm using OSK and it's automatically 0.6%. Maybe I talk very nicely to my brokers and flirt with them a bit. haha

My remisier is a guy ....

Can i change to OSK as now i am not using OSK? Can i sell my shares at OSK which i bought at current broker? I think can right ?

This post has been edited by darkknight81: Aug 20 2008, 08:53 PM

Cannot, you need to transfer the shares in your current CDS to the newly open OSK CDS account before you can sell, otherwise at OSK side, you are deem short-sell even though you have the shares at other investment bank CDS account.

Most I encounter with or experience with the investment bank, they are charging at 0.6% throughout even for new customers, so don't need to negotiate either.

Then tell you remiser, how about doing more research after trading hour, so we come out at night to have a drink to discuss.

Yup look like got to do some research with him

Haha why don't you try flirting with him although he is a guy, you'd never know...

So OT liau

him? I taught is 'her' ler.

Better be "he" If is leng loi later not so good to negotiate
Some more my gf might angry if i keep on calling a "she" remisier.

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Added on August 21, 2008, 8:36 pmIPP windfall tax as compare to this:

<<An 11.7% decrease from RM1,175.6 million (US$356.3 mil) for the same period last year, due to an exceptional tax credit of RM132.9 million recognised in the 4th quarter of the 2007 financial year, relating to the release of a deferred tax provision arising from the change in corporation tax rates in the UK. >>

I think this will give more impact on YTL power earnings compare to IPP windfall tax



This post has been edited by darkknight81: Aug 23 2008, 12:02 PM

Added on August 22, 2008, 7:59 pmMerrill Lynch : YTL Power Intl - Meeting expectations; Buy for 10 .6% net yield

YTL Power International Bhd.
Meeting expectations; Buy for 10.6% net yield

Accounting for 100% of net profit (NP) forecasts
YTL Power (YTLP) NP of RM1,038mn was 12% lower than FY07's NP. Stripping
off one-off tax credit of RM133mn in FY07, YTLP FY08 NP would have registered
zero growth, in line with our and consensus forecasts accounting for 100% of
forecasts. YTLP declared a final DPS of 3.75sen (tax exempt), within forecasts.
We are keeping a Buy on YTLP for its achievable dividend yield of 10.6% (net).

Overseas ventures soften domestic weaknesses
For FY08, wholly owned subsidiary Wessex Water (2% growth muted by stronger
RM vs £) and 35%-associate PT Jawa Power (13% growth supported by higher
bonus) cushioned YTLP's domestic core operations weaknesses (down 8%).
YTLP 4Q NP of RM280mn, though improved 1%QoQ, was 5%YoY weaker due to
lower contribution from Wessex Water and domestic IPP (20-24% lower).

FY09 NP should be flat
We expect flat FY09 NP of RM1,027mn. The potential improvements from
overseas ventures would likely be stripped off by the 30% windfall tax announced
by the government (June 2008). IPPs have commenced their first monthly
payment mid-August 2008. We forecast windfall levy of RM90mn for FY09.
Malaysia IPP now accounts for less than 20% of YTLP's earnings.

On the prowl for new concessions
Despite the regulatory setback in Malaysia, YTLP is still actively bidding for
projects overseas, most recent - Senoko Power, Singapore (estimated price tag
of US$3bn). With YTLP's current cash balance of RM9.4bn, it has sufficient
ammo for future acquisitions. Our RNAV based PO of RM2.07 offers 22% upside
potential. YTLP is trading at PE09E of 11.5x, a discount to its historical average of
15.2x.

Cheeroy,

You were right about the bond thing with YTLPOWER and I was originally right about the warrant strike price bringing in the money.

I re-read the report and found that I missed the RM2.2 bil in bonds they issued at the same time the warrants was issued. And tally with their liability and asset went up together. Liability in terms of bonds and asset in terms of cash.

Warrant strike price is still to be their future capital as and when it is fully converted. Like we discussed earlier, booking their capital for the future.

Just FYI.

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Added on August 24, 2008, 12:53 pmNot really, that was expected as a 1 off gain.

Windfall Tax was the un-expected thing. So far I haven't found any source or article pointing to how much they actually paid for their 1st windfall installment.





This post has been edited by skiddtrader: Aug 24 2008, 12:53 PM

Noted, thanks for the information. That's where forum and discussion can help each other.

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Added on August 24, 2008, 12:53 pm
Not really, that was expected as a 1 off gain.

Windfall Tax was the un-expected thing. So far I haven't found any source or article pointing to how much they actually paid for their 1st windfall installment.

[/quote]

http://biz.thestar.com.my/news/story.asp?f...17&sec=business

I say so base on this article. Pls go through and give your comment on this

This post has been edited by darkknight81: Aug 24 2008, 07:31 PM

share didven of 1 treasury share for every 40 existing ordinary shares
09/092008

what does it mean?

It means if you are holding one share you will be entitled for 1/40 share
If you are holding 40 share you will be given 1 share as a dividend instead of cash dividend.

so is something like odd lot?
if i have 15 lot of share is equal how many share?
is it 15000?

Yup. You gonna have odd lots. But its ok one. If you want to sell next time sell it one go.