Back

Latest Forum Topics / SIA    Last:6.97    -0.08

Post Reply

SIA Post Reply Rate topic
newbieliu Elite	15-May-2020 12:25        newbieliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think it is safer to buy at 0.001 instead of shorting at 0.002 personally as the risk it goes up is higher than it will come down lol. As one is likely end up covering at the same price if not higher price since many absorbing at 0.002 /0.001? gregtan123      ( Date: 15-May-2020 12:16) Posted: 100 million sell queue at 0.002, shorts scared what? I think they short now. they all next thursday pick up at 0.001 because all will throw. newbieliu      ( Date: 15-May-2020 12:14) Posted: It is too risky to short at 0.002.... is ur broker bluffing u lol. 0.001 different yet the margin of profit and loss is too gigantic to swallow later either way it goes... esp it will go upward
Useful To Me  Not Useful To Me
NT1825 Master	15-May-2020 12:24        NT1825 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Finally get good support at 3.84. A big relief.
Useful To Me  Not Useful To Me
newbieliu Elite	15-May-2020 12:21        newbieliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	ehhh..... I thought the right shares (0.76 now) will only expire on 28 May ? If you dont intend to buy the mother shares by paying additional $3. u should sell it at a comfortable price now or pay $3 for every 1 share you own . else u will lose that $0.76 for every share you possess. after 28 May. Please verify with the source nngeeh      ( Date: 15-May-2020 11:49) Posted: Yes, it will stop trading in 4days time. If you don' t intend to subscribe, you will need to sell it. After that, there will only be 2 counters  -SIA and MCB. Depends ... if you sell now, u will definitely get back $0.755. However, if u subscribe, you will not be able trade in the around 16 days .... if SIA goes up, u earn more ... but if it drops like going back to the bottom at 3.70, u will get less. It' s a gamble then. limcs84      ( Date: 15-May-2020 11:41) Posted: well said and understood. In other words,  it is better to wait till the Rights converted first before trading. Am i right to say that SIA Right trading $0.755 counter will disappear after 21 May 2020? And after that, there will only be one main counter (SIA) $3.83 ? Correct
Useful To Me  Not Useful To Me
gregtan123 Supreme	15-May-2020 12:16        gregtan123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	100 million sell queue at 0.002, shorts scared what? I think they short now. they all next thursday pick up at 0.001 because all will throw. newbieliu      ( Date: 15-May-2020 12:14) Posted: It is too risky to short at 0.002.... is ur broker bluffing u lol. 0.001 different yet the margin of profit and loss is too gigantic to swallow later either way it goes... esp it will go upward
Useful To Me  Not Useful To Me
limcs84 Member	15-May-2020 12:14        limcs84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dont think SIA will issue further Rights liao. The money they receive from Public will last till Dec 2020. By the end of this year, flights will resume and flourish. But dont expect the flight tickets to be cheap as there will be addtional cost invovlved for SIA to screen for Covid-19.  uiop1223      ( Date: 15-May-2020 12:08) Posted: Yea.. my guess is per mth burn 300-400m Money shld last till end of this year but SIA already said the additional MCB will be issued if they need more cash. They know that further direct rights issue will be damaging. How to explain to public when u issue $3 rights in Mat than sometime in Oct, issue rights at $1.5? 😂 😂 😂 Currently, SIA is in a net debt position. Beware. nngeeh      ( Date: 15-May-2020 12:00) Posted: For Option B, it should be $2.67. Because of the culmulative interest, your $1 will grow to around $1.8 (if i' m not wrong), and then be converted at $4.84 ... so ... technically it' s  $2.67. If pandamic continue to discrup the airline industry  more than  2 yrs ... the current rights of 8.8B will not be sufficient. If another rights is required ... it will go below  $2.67. I won' t want to wait for 10yrs.... but again,  since the MCB is tradable, you can always sell it to the market.
Useful To Me  Not Useful To Me
newbieliu Elite	15-May-2020 12:14        newbieliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is too risky to short at 0.002.... is ur broker bluffing u lol. 0.001 different yet the margin of profit and loss is too gigantic to swallow later either way it goes... esp it will go upward
Useful To Me  Not Useful To Me
gregtan123 Supreme	15-May-2020 12:13        gregtan123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No I mean MCB R, I heard from my broker there were many shorts uncovered, they all shorted 0.002. So my question is say on 21 MAY, what if the shorts have not covered? nngeeh      ( Date: 15-May-2020 12:06) Posted: u mean someone shorted the MCB to below $1? Well, it' s like any other shares .... it might go down (even if it' s traded like bond). Either you cut lost, u will keep for 10Yrs ... and hope SIA redeem halfway and pay you the interest, or wait for it to be converted to SIA shares at technical price of $2.67. Then, you will have to do the maths ... and look at the mother price then and MCB ... will it be more worth to just sell MCB straight to the market or just wait for it to be converted. Nowadays, even bond can disappear ....it' s not considered secure anymore. gregtan123      ( Date: 15-May-2020 12:00) Posted: But this assumes you have to pay 1 dollar to convert right. say you have 29,500 MCB R, you got to pay 29,500SGD? Am more curious, what happens if people short sell the MCB then when it ends, they. never cover
Useful To Me  Not Useful To Me
uiop1223 Supreme	15-May-2020 12:09        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Typo: Mat is meant to type as ?May?
Useful To Me  Not Useful To Me
uiop1223 Supreme	15-May-2020 12:08        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yea.. my guess is per mth burn 300-400m Money shld last till end of this year but SIA already said the additional MCB will be issued if they need more cash. They know that further direct rights issue will be damaging. How to explain to public when u issue $3 rights in Mat than sometime in Oct, issue rights at $1.5? 😂 😂 😂 Currently, SIA is in a net debt position. Beware. nngeeh      ( Date: 15-May-2020 12:00) Posted: For Option B, it should be $2.67. Because of the culmulative interest, your $1 will grow to around $1.8 (if i' m not wrong), and then be converted at $4.84 ... so ... technically it' s  $2.67. If pandamic continue to discrup the airline industry  more than  2 yrs ... the current rights of 8.8B will not be sufficient. If another rights is required ... it will go below  $2.67. I won' t want to wait for 10yrs.... but again,  since the MCB is tradable, you can always sell it to the market.    westpoison      ( Date: 15-May-2020 11:37) Posted: So MCB to most is just a bond that earn up to 6% interest. Option A: If Share price increase sharply, SIA will redeem earlier, so it will be between 4-6%.  Option B: If share price dropped, then the sucker will have to force convert at the price of $4.84.  but that is in 10 years time and covid will be a history of the past so I think option A is more likely. Alot of hedge funds may buy it
Useful To Me  Not Useful To Me
nngeeh Veteran	15-May-2020 12:06        nngeeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	u mean someone shorted the MCB to below $1? Well, it' s like any other shares .... it might go down (even if it' s traded like bond). Either you cut lost, u will keep for 10Yrs ... and hope SIA redeem halfway and pay you the interest, or wait for it to be converted to SIA shares at technical price of $2.67. Then, you will have to do the maths ... and look at the mother price then and MCB ... will it be more worth to just sell MCB straight to the market or just wait for it to be converted. Nowadays, even bond can disappear ....it' s not considered secure anymore. gregtan123      ( Date: 15-May-2020 12:00) Posted: But this assumes you have to pay 1 dollar to convert right. say you have 29,500 MCB R, you got to pay 29,500SGD? Am more curious, what happens if people short sell the MCB then when it ends, they. never cover? nngeeh      ( Date: 15-May-2020 11:55) Posted: The MCB rights is trading at $0.001/ $0.002. However, when MCB start trading, it should be around $1.00/$1.01 or $0.995/$1.000. If you buy at $0.001, u might be able to sell at $1.01 ...... it should be traded like bond. If you have 2950 MBC rights, u will only get back $2.95 (if u sell at $0.001). However, u' ll be charged commission of $25. It' s not worth it. Either you subscribe or you let it lapse.
Useful To Me  Not Useful To Me
gregtan123 Supreme	15-May-2020 12:00        gregtan123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	But this assumes you have to pay 1 dollar to convert right. say you have 29,500 MCB R, you got to pay 29,500SGD? Am more curious, what happens if people short sell the MCB then when it ends, they. never cover? nngeeh      ( Date: 15-May-2020 11:55) Posted: The MCB rights is trading at $0.001/ $0.002. However, when MCB start trading, it should be around $1.00/$1.01 or $0.995/$1.000. If you buy at $0.001, u might be able to sell at $1.01 ...... it should be traded like bond. If you have 2950 MBC rights, u will only get back $2.95 (if u sell at $0.001). However, u' ll be charged commission of $25. It' s not worth it. Either you subscribe or you let it lapse.. lingua101      ( Date: 15-May-2020 11:44) Posted: sorry the MCB rights is actually trading at 0.1cents (not 1 cents) so is it really worth to sell off my 2950 MBC rigthts?    it will only worth not even $3 right? minus the brokerage fee.    should i just let it lapse?
Useful To Me  Not Useful To Me
nngeeh Veteran	15-May-2020 12:00        nngeeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	For Option B, it should be $2.67. Because of the culmulative interest, your $1 will grow to around $1.8 (if i' m not wrong), and then be converted at $4.84 ... so ... technically it' s  $2.67. If pandamic continue to discrup the airline industry  more than  2 yrs ... the current rights of 8.8B will not be sufficient. If another rights is required ... it will go below  $2.67. I won' t want to wait for 10yrs.... but again,  since the MCB is tradable, you can always sell it to the market.    westpoison      ( Date: 15-May-2020 11:37) Posted: So MCB to most is just a bond that earn up to 6% interest. Option A: If Share price increase sharply, SIA will redeem earlier, so it will be between 4-6%.  Option B: If share price dropped, then the sucker will have to force convert at the price of $4.84.  but that is in 10 years time and covid will be a history of the past so I think option A is more likely. Alot of hedge funds may buy it? nngeeh      ( Date: 15-May-2020 11:25) Posted: Judging from the MCB rights price, the MCB will be most likely traded like a bond and may not be influenced much even if the mother share goes up. The catch is that if SIA doesn' t redeem, the share will be converted only after 10yrs at technically $2.67 (if you add interest and conversion at $4+). However, if mother shoots up to say $7, SIA has the rights to redeem and pay with just 4% culmulative interest ...... which will not compensate the different with the mother share price. However, if mother drops to say $2 after 10yrs, it will force to convert into SIA at $2.67. Doesn' t seem to protect the MCB investors much. I believe it might open at most $1.01? U still get to earn 1% if you buy now at 0.001
Useful To Me  Not Useful To Me
nngeeh Veteran	15-May-2020 11:55        nngeeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	The MCB rights is trading at $0.001/ $0.002. However, when MCB start trading, it should be around $1.00/$1.01 or $0.995/$1.000. If you buy at $0.001, u might be able to sell at $1.01 ...... it should be traded like bond. If you have 2950 MBC rights, u will only get back $2.95 (if u sell at $0.001). However, u' ll be charged commission of $25. It' s not worth it. Either you subscribe or you let it lapse.. lingua101      ( Date: 15-May-2020 11:44) Posted: sorry the MCB rights is actually trading at 0.1cents (not 1 cents) so is it really worth to sell off my 2950 MBC rigthts?    it will only worth not even $3 right? minus the brokerage fee.    should i just let it lapse?   lingua101      ( Date: 15-May-2020 11:32) Posted: so you do not think the MCB Rights will be traded higher than 1 cents
Useful To Me  Not Useful To Me
nngeeh Veteran	15-May-2020 11:49        nngeeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, it will stop trading in 4days time. If you don' t intend to subscribe, you will need to sell it. After that, there will only be 2 counters  -SIA and MCB. Depends ... if you sell now, u will definitely get back $0.755. However, if u subscribe, you will not be able trade in the around 16 days .... if SIA goes up, u earn more ... but if it drops like going back to the bottom at 3.70, u will get less. It' s a gamble then. limcs84      ( Date: 15-May-2020 11:41) Posted: well said and understood. In other words,  it is better to wait till the Rights converted first before trading. Am i right to say that SIA Right trading $0.755 counter will disappear after 21 May 2020? And after that, there will only be one main counter (SIA) $3.83 ? Correct? nngeeh      ( Date: 15-May-2020 11:36) Posted: The SIA right is selling at $0.755 now. If u sell, u will only get back 0.755. If  you subscribed at $3, and when u get the share into your CDP (in around16 more days), and if the SIA price is still around $3.83, you will sell your SIA share and earn $3.83 - $3. However, not sure if SIA will stay at $3.83. Very likely it' ll drop back to 3.7+ when the rights are converted.
Useful To Me  Not Useful To Me
look@bright Elite	15-May-2020 11:47        look@bright About Contact  Quote this Post!
x 0   x 0  Alert Admin	Its seems like price stablishing around $3.80 range.
Useful To Me  Not Useful To Me
westpoison Veteran	15-May-2020 11:47        westpoison About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	You can also try to buy more at 0.001. Then load up with your 2950 units and sell it off together..  lingua101      ( Date: 15-May-2020 11:44) Posted: sorry the MCB rights is actually trading at 0.1cents (not 1 cents) so is it really worth to sell off my 2950 MBC rigthts?    it will only worth not even $3 right? minus the brokerage fee.    should i just let it lapse?   lingua101      ( Date: 15-May-2020 11:32) Posted: so you do not think the MCB Rights will be traded higher than 1 cents
Useful To Me  Not Useful To Me
lingua101 Veteran	15-May-2020 11:44        lingua101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	sorry the MCB rights is actually trading at 0.1cents (not 1 cents) so is it really worth to sell off my 2950 MBC rigthts?    it will only worth not even $3 right? minus the brokerage fee.    should i just let it lapse?   lingua101      ( Date: 15-May-2020 11:32) Posted: so you do not think the MCB Rights will be traded higher than 1 cents? nngeeh      ( Date: 15-May-2020 11:25) Posted: Judging from the MCB rights price, the MCB will be most likely traded like a bond and may not be influenced much even if the mother share goes up. The catch is that if SIA doesn' t redeem, the share will be converted only after 10yrs at technically $2.67 (if you add interest and conversion at $4+). However, if mother shoots up to say $7, SIA has the rights to redeem and pay with just 4% culmulative interest ...... which will not compensate the different with the mother share price. However, if mother drops to say $2 after 10yrs, it will force to convert into SIA at $2.67. Doesn' t seem to protect the MCB investors much. I believe it might open at most $1.01? U still get to earn 1% if you buy now at 0.001
Useful To Me  Not Useful To Me
limcs84 Member	15-May-2020 11:41        limcs84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	well said and understood. In other words,  it is better to wait till the Rights converted first before trading. Am i right to say that SIA Right trading $0.755 counter will disappear after 21 May 2020? And after that, there will only be one main counter (SIA) $3.83 ? Correct? nngeeh      ( Date: 15-May-2020 11:36) Posted: The SIA right is selling at $0.755 now. If u sell, u will only get back 0.755. If  you subscribed at $3, and when u get the share into your CDP (in around16 more days), and if the SIA price is still around $3.83, you will sell your SIA share and earn $3.83 - $3. However, not sure if SIA will stay at $3.83. Very likely it' ll drop back to 3.7+ when the rights are converted.   limcs84      ( Date: 15-May-2020 11:29) Posted: Hi, can I say that SIA price at the market right now is considered the right price?  So which means, if I bought and have the SIA Rights already. So technically I can sell my Rights share now at the stock market  and earn that $3.83-$3.00? Am I right to say that?
Useful To Me  Not Useful To Me
actan99 Master	15-May-2020 11:39        actan99 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.straitstimes.com/business/companies-markets/bidders-are-lining-up-to-buy-virgin-australia-after-collapse
Useful To Me  Not Useful To Me
westpoison Veteran	15-May-2020 11:37        westpoison About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	So MCB to most is just a bond that earn up to 6% interest. Option A: If Share price increase sharply, SIA will redeem earlier, so it will be between 4-6%.  Option B: If share price dropped, then the sucker will have to force convert at the price of $4.84.  but that is in 10 years time and covid will be a history of the past so I think option A is more likely. Alot of hedge funds may buy it? nngeeh      ( Date: 15-May-2020 11:25) Posted: Judging from the MCB rights price, the MCB will be most likely traded like a bond and may not be influenced much even if the mother share goes up. The catch is that if SIA doesn' t redeem, the share will be converted only after 10yrs at technically $2.67 (if you add interest and conversion at $4+). However, if mother shoots up to say $7, SIA has the rights to redeem and pay with just 4% culmulative interest ...... which will not compensate the different with the mother share price. However, if mother drops to say $2 after 10yrs, it will force to convert into SIA at $2.67. Doesn' t seem to protect the MCB investors much. I believe it might open at most $1.01? U still get to earn 1% if you buy now at 0.001? lingua101      ( Date: 15-May-2020 11:09) Posted: so confirm i will get the MCB rights on CPF right.  so I have to sell it. I asked the bank how many I have.  they cannnot tell and ask me to wait for the letter which they said they  have sent out on 13-May :( If I have 1000 shares, should i just MBC rights of 2950 shares at 1 cents?
Useful To Me  Not Useful To Me

                                                         First   < Newer   1861-1880 of 6565   Older>   Last