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SIA
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Surin888
Senior |
23-May-2020 19:27
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Deadline to exercise the rights is May 28. Share price slumped more than 20% on May 6, that' s already factored in the dilution due to rights, not sure how much more downsides could be after new shares start trading on June 9.  This fundraising is successful for Sia, but shareholders totally lost confidence. If Sia needs another round of fundraising, no shareholders will support again. Simply pathetic😭
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TheDuellist
Senior |
23-May-2020 19:05
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Apologies, I mean 9 June to be listed for SIA Rights Shares | ||||
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TheDuellist
Senior |
23-May-2020 19:04
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I see..... yours is quite a sad case, and I hope I am not telling you to throw away good money after bad money. If I were you, with all due considerations, depending on the market up till 8 March, above $3.50 I will pay to exercise the Rights to convert to Rights Shares. If below $3.50, I would not convert and wait till 9 March and after to Buy direct from market. Remember, 9 March is the date that the Right Shares will be listed. That means the market will be flooded with SIA shares. Likely a Sell-down will happen.  Wish you better Luck next time round.  
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abkt999
Member |
23-May-2020 18:00
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Sorry i got a bit confused with all the rights/MCB issue procedures and how best to deal with it.But after your replies,i understand a bit more now.When i had been allocated the rights,i did not thought of selling it but to subscribe to the rights at $3 each and let the MCBs lapse.I had bought long time ago in 2011 at high price of $14+.I think no choice now but to subscribe to the rights to bring my unit cost down to $7+.Currently I have 4320 SIA shares in CDP.
Last night was thinking what if the share price drop below $3 after 8Jun.Would it be better than to let my allocated rights lapse and than buy at below $3 price after 8Jun.But i understand it might also not go below $3 too.So was just seeking opinion here to get some more ideas.But after the replies here,i realised if i wanted to do this i should hv sold away my rights before 21May to get some money back first.That's what i was thinking.Thanks.
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TheDuellist
Senior |
23-May-2020 17:34
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Pardon me if I do not understand your intentions. If you have decided not to exercise your Rights on 28 May, why didnt you sell them last week? And reason I tell you too early to decide is because, IN CASE price goes down to $3 or below, it makes no sense to exercise at all.
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hobbes12
Senior |
23-May-2020 17:18
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Even if you had bought at the lowest price of 5.91 CR after converting the rights your average share price would still be 4.16. So 4.16 would be your break even price. I think most people would have bought SIA shares at a much higher price. |
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abkt999
Member |
23-May-2020 17:13
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I see.Thanks for your reply.
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investshare
Supreme |
23-May-2020 17:03
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You should subscribe and sell it.
As long as selling price above $3, you profit.
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abkt999
Member |
23-May-2020 16:44
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I meant not to subscribe to the rights and let it lapse after 28May.After 8 June than buy the right shares from the market.Would it be better?
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TheDuellist
Senior |
23-May-2020 16:22
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Too late to sell your Rights now, but too early to decide whether to subscribe.  Last day to decide 28 May 9.30pm (@ATM)
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abkt999
Member |
23-May-2020 15:39
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Hi.I've got some rights allocated in my CDP account.Was thinking would it be better to not subscribe to it now but wait until after 8June when the right shares are listed than buy from the market instead?Thanks. | ||||
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AhLiang
Elite |
23-May-2020 14:00
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This is the time to book SIA air tickets. Cheaper than budget airlines. Some more full refund is guaranteed if flights are cancelled. My friend already booked for Bangkok in July. Cannot tahan anymore. | ||||
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DooDoo
Senior |
23-May-2020 13:21
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Waiting at 3. When another round of rights maybe will be at 2.50. Do your own due diligence. Just my opinion. | ||||
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beachball8
Senior |
23-May-2020 12:19
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Wah So many FUDsters coming out. Time to buy!!! | ||||
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brchkho1
Master |
23-May-2020 11:31
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uiop1223
Supreme |
23-May-2020 11:10
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U so nice to SIA. I expect them to call for more MCBs ard Mar 2021. The $8bn+ can last SIA for probably 6mths. $3bn will be used for new aircrafts.
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danger
Supreme |
23-May-2020 10:29
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Oldman anyhow talk It will not go to $9 anytime soon but $8 to $8.99 possibly
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des_khor
Supreme |
23-May-2020 10:09
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Possible if keep bleeding till 2022 .... by then maybe require another restructure again .
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uiop1223
Supreme |
23-May-2020 09:47
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Possible. When they do share consolidation of 4 to 1
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TheDuellist
Senior |
23-May-2020 09:46
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Thank you, 123prime, very objective post here. Instead of the usual unsubstantiated BUY/SELL shouts here by some other members here, you actually gave a very important glimpse of a likely forecast.  So, market trend is likely for SIA to rise in the next 2 weeks, and fall from 9 June onwards. To be on the safe side, punters would likely start Selling on the 5th. Mark the dates! Understand that is just forecast, much like a weather forecast which is very likely to happen, but may happen otherwise. Anyway, I will never bet against Investor55%
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