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Surin888 Senior	27-Apr-2020 18:10        Surin888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	When is the Sia ex-r date?  trademaster      ( Date: 27-Apr-2020 15:49) Posted: Dow up 250 pts, can SIA soar to push for rights?
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trademaster Supreme	27-Apr-2020 15:49        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dow up 250 pts, can SIA soar to push for rights?
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trademaster Supreme	27-Apr-2020 09:17        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nikkei up almost 2 pct, Sg mkt looks bullish... trademaster      ( Date: 26-Apr-2020 20:45) Posted: Will be interesting to see SIA soar to 8 dlr...many shortists will get burnt first. Dow quite resilient up 300 pts last fri AhLiang      ( Date: 24-Apr-2020 06:06) Posted: I suspect that BB was "Expert" from this forum. He insisted SIA will "Soar" to $8 and above in 6 months. But cash call only $3 and Sias already queried so many things. Can? I want to bet with him he run away
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trademaster Supreme	26-Apr-2020 20:45        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will be interesting to see SIA soar to 8 dlr...many shortists will get burnt first. Dow quite resilient up 300 pts last fri AhLiang      ( Date: 24-Apr-2020 06:06) Posted: I suspect that BB was "Expert" from this forum. He insisted SIA will "Soar" to $8 and above in 6 months. But cash call only $3 and Sias already queried so many things. Can? I want to bet with him he run away. lighter87      ( Date: 22-Apr-2020 12:29) Posted: BB supporting the price, I believe they will push back to 6 dollars plus before EGM. Plus yesterday there's heavy selling BB absorb all. They will unload at higher price
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AhLiang Elite	26-Apr-2020 01:58        AhLiang About Contact  Quote this Post!
x 0   x 0  Alert Admin	The more I think of that big BS "Expert" the more I want to laugh.
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investshare Supreme	25-Apr-2020 22:32        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Need another RI? Observers      ( Date: 25-Apr-2020 18:28) Posted: https://www.channelnewsasia.com/news/business/covid-19-singapore-airlines-flights-cancel-travel-extension-12676620 SINGAPORE: Singapore Airlines (SIA) announced on Friday (Apr 24) that it has  extended its  flight cancellations to June amid global travel restrictions due to COVID-19.  SIA initially said at the end of March that  it would make a 96 per cent cut in SIA&rsquo s and SilkAir&rsquo s combined passenger capacity until the end of April.
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Observers Elite	25-Apr-2020 18:28        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.channelnewsasia.com/news/business/covid-19-singapore-airlines-flights-cancel-travel-extension-12676620 SINGAPORE: Singapore Airlines (SIA) announced on Friday (Apr 24) that it has  extended its  flight cancellations to June amid global travel restrictions due to COVID-19.  SIA initially said at the end of March that  it would make a 96 per cent cut in SIA&rsquo s and SilkAir&rsquo s combined passenger capacity until the end of April.
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Joelton Supreme	25-Apr-2020 12:34        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hard for airlines to tap financial markets amid crisis: SIA Singapore Airlines (SIA) said its proposed $15 billion debt and equity capital-raising is needed because the worsening environment for aviation is making it difficult for airlines to tap financial markets. Its remarks were in response to questions raised by the Securities Investors Association (Singapore), or Sias, last night and ahead of Thursday' s extraordinary general meeting (EGM), when shareholders are to vote on the move. The fund-raising includes an $8.8 billion renounceable rights issue, which Sias fears may be dilutive for investors and will hit retail shareholders without the cash to take part. The other component is an additional issue of up to $6.2 billion in additional mandatory convertible bonds (MCBs) to be offered to shareholders via one or more rights issues down the line. Sias asked SIA why it is trying to raise cash via equity shareholders instead of debt. It replied that traditional funding opportunities remain limited. Secured financing and sale-and-leaseback transactions, for instance, would also create more cash outflow obligations, it added. Raising capital through issuing rights shares, rights MCBs and additional MCBs allows SIA to treat the capital raised as equity, which will strengthen its balance sheet. SIA said it had evaluated its requirements against funding sources to arrive at the $8.8 billion figure, an amount that would enable the company to meet those requirements " for a good part of financial year 2020/2021" . About $3.7 billion will be used for operating cash flow, $3.3 billion for capital expenditure such as new aircraft and aircraft-related payments and $1.8 billion for other fixed commitments such as debt servicing. SIA noted that the capital expenditure relates to orders placed in the past. Up to $6.2 billion in additional MCBs may also be issued within 15 months of the EGM to provide extra liquidity if the Covid-19 crisis is prolonged and the resources to prepare for recovery, said SIA. SIA said it had evaluated its requirements against funding sources to arrive at the $8.8 billion figure, an amount that would enable the company to meet those requirements " for a good part of financial year 2020/2021" . The $8.8 billion will be raised via a three-for-two issue of up to 1.78 billion shares to raise $5.3 billion, and an offering of up to S$3.5 billion in 10-year MCBs. The rights issue price of $3 a share represents a discount of 53.8 per cent to the last transacted price of $6.50 on March 25, the last trading day before the announcement, said SIA. It added: " The key consideration was to provide an opportunity... to shareholders to join this rights share issuance at an appropriate discount, so that you may all participate in the future growth of the company as we emerge from this downturn in at least the proportion you held in the company prior to it." The EGM will take place at 11.30am on Thursday and held via a live webcast and audio feed in line with Covid-19 control measures. Pre-registration can be done on SIA' s website, where shareholders may also submit questions by 11.30am on Monday. https://www.straitstimes.com/business/companies-markets/hard-for-airlines-to-tap-financial-markets-amid-crisis-sia
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uiop1223 Supreme	25-Apr-2020 10:30        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow. Suppose u r DBS shareholder. Will u agree DBS to lend risky loans to SIA? Unless loan is backed by govt which then, its a bailout.. like whats happening in US NT1825      ( Date: 25-Apr-2020 09:51) Posted: Next question is who are the lenders? No information on this. Why can' t the same banks continue to offer help? In the case of VA- they tried but no one wanted to get into more exposure. Some might think it is a carrot while others think it is a bailout. Wind22i      ( Date: 21-Apr-2020 07:43) Posted: SIA has a lot of debt..Net Debt : 6.418 B (source :sgx) It has to pay its debt and depends on how fast it's cash burn rate due to the covid situation , there cld be more cash call in future.. It is a bailout, as normally its not easy to raise capital in this trying time....even virgin in trouble and get no help.. https://onemileatatime.com/virgin-atlantic-collapse/
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humbleman Senior	25-Apr-2020 09:56        humbleman About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think we will have to look at it from a biz perspective.  Banks not keen to lend as airlines are high risk business with poor returns.  Dont look like any turn around next 5 years.  Any pilots here can say something?   NT1825      ( Date: 25-Apr-2020 09:51) Posted: Next question is who are the lenders? No information on this. Why can' t the same banks continue to offer help? In the case of VA- they tried but no one wanted to get into more exposure. Some might think it is a carrot while others think it is a bailout. Wind22i      ( Date: 21-Apr-2020 07:43) Posted: SIA has a lot of debt..Net Debt : 6.418 B (source :sgx) It has to pay its debt and depends on how fast it's cash burn rate due to the covid situation , there cld be more cash call in future.. It is a bailout, as normally its not easy to raise capital in this trying time....even virgin in trouble and get no help.. https://onemileatatime.com/virgin-atlantic-collapse/
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NT1825 Master	25-Apr-2020 09:51        NT1825 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Next question is who are the lenders? No information on this. Why can' t the same banks continue to offer help? In the case of VA- they tried but no one wanted to get into more exposure. Some might think it is a carrot while others think it is a bailout. Wind22i      ( Date: 21-Apr-2020 07:43) Posted: SIA has a lot of debt..Net Debt : 6.418 B (source :sgx) It has to pay its debt and depends on how fast it's cash burn rate due to the covid situation , there cld be more cash call in future.. It is a bailout, as normally its not easy to raise capital in this trying time....even virgin in trouble and get no help.. https://onemileatatime.com/virgin-atlantic-collapse/
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uiop1223 Supreme	25-Apr-2020 08:43        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I mean, changi airport is the one of the icon of singapore. SIA? Obsolete https://www.channelnewsasia.com/news/singapore/jewel-changi-airport-official-opening-lee-hsien-loong-12013704 trademaster      ( Date: 24-Apr-2020 15:49) Posted: Ok Changi Airport has nothing to do with our airlines... chill bro... :) uiop1223      ( Date: 24-Apr-2020 15:16) Posted: What has SIA got to do with Sg? Changi Airport yes. But SIA? Come on..
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AhLiang Elite	25-Apr-2020 08:37        AhLiang About Contact  Quote this Post!
x 0   x 0  Alert Admin	See SIA''s reply to.Sias : it couldn't get loans. No one wants to lend. So it has to get the money from share holders
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incirent Senior	25-Apr-2020 04:13        incirent About Contact  Quote this Post!
x 0   x 0  Alert Admin	I would like to express my humble opinion in relation to the revitalizing of SIA. The key question is jobs vs profit. Maintaining stability (jobs) is the principal mission of Tamasek and therefore, as long as the SIA is profitable, Tamasek will never murmur any discontent even profit is decreasing yearly. This laissez faire attitude encourages arrogance (as many people have been complaining), incompetent (fuel hedging), cost going up every year, too much debts.  The possible solution is to tighten the noose and hold top management fully responsible with the numbers. If necessary, heads should start rolling.  This can be done by privatizing SIA but it is easier said than done. The end result will be let it continue as it is. God Bless SIA
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trademaster Supreme	24-Apr-2020 15:49        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ok Changi Airport has nothing to do with our airlines... chill bro... :) uiop1223      ( Date: 24-Apr-2020 15:16) Posted: What has SIA got to do with Sg? Changi Airport yes. But SIA? Come on..
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uiop1223 Supreme	24-Apr-2020 15:16        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What has SIA got to do with Sg? Changi Airport yes. But SIA? Come on..
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trademaster Supreme	24-Apr-2020 15:12        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Then SG will be gone, sad for SG, sad for Sporeans...lol humbleman      ( Date: 24-Apr-2020 15:01) Posted: SIA is very sad case. Not of its making. But SIA is just any other airline now. Airline business reset button. No competitive edge anymore with no domestic market  trademaster      ( Date: 24-Apr-2020 14:56) Posted: Anything is possible, even dow futures paring losses and turn green could be possible now.
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humbleman Senior	24-Apr-2020 15:01        humbleman About Contact  Quote this Post!
x 0   x 0  Alert Admin	SIA is very sad case. Not of its making. But SIA is just any other airline now. Airline business reset button. No competitive edge anymore with no domestic market  trademaster      ( Date: 24-Apr-2020 14:56) Posted: Anything is possible, even dow futures paring losses and turn green could be possible now.  AhLiang      ( Date: 24-Apr-2020 14:36) Posted: Only possible if Ah Kong buy all to nationalise it.
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trademaster Supreme	24-Apr-2020 14:56        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anything is possible, even dow futures paring losses and turn green could be possible now.  AhLiang      ( Date: 24-Apr-2020 14:36) Posted: Only possible if Ah Kong buy all to nationalise it. trademaster      ( Date: 24-Apr-2020 13:46) Posted: If suddenly halt and gap up above 6.50, not surprise will shoot to $8...
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AhLiang Elite	24-Apr-2020 14:36        AhLiang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Only possible if Ah Kong buy all to nationalise it. trademaster      ( Date: 24-Apr-2020 13:46) Posted: If suddenly halt and gap up above 6.50, not surprise will shoot to $8... AhLiang      ( Date: 24-Apr-2020 06:06) Posted: I suspect that BB was "Expert" from this forum. He insisted SIA will "Soar" to $8 and above in 6 months. But cash call only $3 and Sias already queried so many things. Can? I want to bet with him he run away
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