31-03-2013, 01:05 PM
Superman always squeezes to the last drop - so is there any left in his cashed out exercises...
(31-03-2013, 11:58 AM)Nick Wrote: [ -> ]The ports have a fixed lifespan - HK ports concession ends in 34 years while the Chinese ports matures a few years after. At the moment, HPHT is not retaining any of its cash earnings to repay its debt nor is it conserving cash to replenish its assets in the future. Is this policy sustainable or do you foresee concession extension with minimal charges in the future ? If not, the share price will be 0 in 2-3 decades time since the cash-flow generated thereafter will be used to repay its debt ? Or am I missing out something here ?