Asian Pay Television Trust (APTT)

[Greenrookie]

Hi Greenrookie,

Thanks for the confirmation !

Personally, I am wondering whether the downturn in share price could be linked to any operational risks which we may have overlooked. It is just like HPHT - only now after a series of poor results, does the downtrend makes sense. So I wonder whether can APTT truly maintain the EBITDA > 200 million in light of the rezoning hmm. If it can, then at this price, it does seem fairly attractive.

(Not Vested)

HI Nick,

I was wondering the selldown due to the news of regulation problem that forummers have shared? That they have chinese investors and they need to buy back from the investors.

I am more concerned about management and regulation risk than operation risks. The rezoning thus far might only affect TaiChung City, and it will be years before they competitors can do serious damage. Given the first mover advantage, and the already high penetration rate in the 5 franchase areas. Although compeition might cause prices to have downward pressure. Operation numbers are strong, and they do seem able to penetrade their market and cross-sell their products.

From what I read, I am wondering what the hell is macquarie doing in Taiwan?
First, they have unresolved tax issues with the tax bureau.
Then they have the possibility of having to merging Shin Ho and Chi Yuan due to fact they might run foul to the law of not having 2 affiliated companies in the same adminstrative zone.
Now, the have the never declared PRC shareholder problem...

I only have a small stake, I might call the IR again tomorrow to ask. BUt I guess I might just get some standard answers. I am wondering if the NCC will say enough is enough...